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ARTICLE 292, 293 OF CONSTITUTION OF INDIA 1949

What is the meaning of Borrowing by the Government of India? What is Borrowing by States? Article 292 and 293 of Constitution of India, 1949

Borrowing by the Government of India and Borrowing by States are defined under Article 292 and 293 of Constitution of India 1949. Provisions under these Articles are:

Article 292 of Constitution of India "Borrowing by the Government of India"

The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed.

 

Article 293 of Constitution of India "Borrowing by States"

(1) Subject to the provisions of this article, the executive power of a State extends to borrowing within the territory of India upon the security of the Consolidated Fund of the State within such limits, if any, as may from time to time be fixed by the Legislature of such State by law and to the giving of guarantees within such limits, if any, as may be so fixed.

(2) The Government of India may, subject to such conditions as may be laid down by or under any law made by Parliament, make loans to any State or, so long as any limits fixed under Article292 are not exceeded, give guarantees in respect of loans raised by any State, and any sums required for the purpose of making such loans shall be charged on the Consolidated Fund of India.

(3) A State may not without the consent of the Government of India raise any loan if there is still outstanding any part of a loan which has been made to the State by the Government of India or by its predecessor Government, or in respect of which a guarantee has been given by the Government of India or by its predecessor Government.

(4) A consent under clause (3) may be granted subject to such conditions, if any, as the Government of India may think fit to impose.

Constitution of India 1949

What is the Expenditure defrayable by the Union or a State out of its revenues? What are Custody, etc. of Consolidated Funds, Contingency Funds and moneys credited to the public accounts? Article 282 and 283 of Constitution of India, 1949

What is the method for Custody of suitors deposits and other moneys received by public servants an courts? What is the rule for Exemption of property of the Union from State taxation? Article 284 and 285 of Constitution of India, 1949

What are the Restrictions as to imposition of tax on the sale or purchase of goods? What is Exemption from taxes on electricity? Article 286 and 287 of Constitution of India, 1949

What are the Exemption from taxation by States in respect of water or electricity in certain cases? What is the Exemption of property and income of a State from Union taxation? Article 288 and 289 of Constitution of India, 1949

What are the Adjustment in respect of certain expenses and pensions? What are the Annual payment to certain Devaswom Funds? Article 290 and 290A of Constitution of India, 1949

What is the meaning of Borrowing by the Government of India? What is Borrowing by States? Article 292 and 293 of Constitution of India, 1949

What is the Succession to property, assets, rights, liabilities and obligations in certain cases.- from the commencement of this Constitution? What is Succession to property, assets, rights, liabilities and obligations in other cases.- (1) As from the commencement of this Constitution? Article 294 and 295 of Constitution of India, 1949

What is the Property accruing by escheat or lapse or as bona vacantia? What is the meaning of Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union? Article 296 and 297 of Constitution of India, 1949

What is Power to carry on trade? What is the procedure for Contracts? What is the procedure for Suits and proceedings? Article 298, 299 and 300 of Constitution of India, 1949


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