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All expenditure from the Consolidated Fund of India is subject to the vote of the :
Parliament
President
Parliament and Assemblies
Supreme Court
The Consolidated Fund of India was created under Article 266 of the Constitution. It is also considered as the most important part of the financial statement. Similar to the Centre, every state has its own Consolidated Fund as well. According to Article 114 of the Constitution, no amount can be withdrawn from the consolidated fund of India without the authorisation from Parliament or legislatures of the states. Hence option 1st is correct.
By: Parvesh Mehta ProfileResourcesReport error
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