 bill no 116 of 1969 the contingency fund of india (amendment) bill, 1969a bill to amend the contingency fund oj india act, 1950 be it enacted by parliament in the twentieth year of the republic of india as follows:-1 this act may be called the contingency fund of india (amend- short ment) act, 1969 title, 5 z in section z of the continren~y fund of india act, 1950, for the amendwords "fifteen crores of rupees" j the words "thirty crores of rupees" shan ment of be lubstitutecl section 2  statement of objects and reasonsunder articles 267 (1) and 283 (1) of the constitution, the contingency i'und of india act, 1950 was enacted providing for the establishment of the contingency fund of india and for the custody of such fund and for the payment of moneys into and the withdrawal of moneys from it under section 2 of that act, the corpus of the fund is fifteen crores of rupees consequent on the increase in the size of the annual budget, the need for augmenting the corpus of the fund has been felt it is proposed to raise the corpus of the fund from fifteen crores of rupees to thirty crores of rupees to meet unforeseen expenditure 2 the bill seeks to achieve the above object new delhi; th« 10th december, 1969 p c sethi 19 aorahayana, 1891 (saka)  financial memorandumclause 2 of the bill provides for the raising of the corpus of the can· tingency fund of india from rs 15 crores to rs 30 crores by transfer of an additional amount of rs 15 crores from the consolidated fund of india to the contingency fund of india the bill thus involves a withdrawal of rs 15 crores from the consolidated fund of india but the actual expenditure will be incurred only when advances are drawn from the contingency fund for meeting unroreseen expenditure pending authorisation by law under article 115 or article 116 of the constitution no recurring expenditure is involved  a billto ama:ld the contingency fudd of jndja act, 19s0-(sim· prakashchand b sethi, minister of state in the ministry of fintlllce) 