 financial memorandumclause 3 of the bill provides for setting up of a price regulatory authority to determine the price of each commodity and service clause 5 provides that the authority shall give wide publicity to prices fixed by it the bill, therefore, if enacted, would involve expenditure from the consolidated fund of india it is estimated that an annual recurring expenditure of about rupees one crore is likely to be involved a non-recurring expenditure of about rupees one crore is also likely to be involved  memorandum regarding delegated legislationclause 8 of the bill empowers the central government to frame rules for carrying out the purposes of the bill as the rules will relate to matters of detail only, the delegation of legislative power is of a normal character