 bill nq , ei 1180 the contingency fund of india (amendment) bill, 1980 a billfurther to arnf!4nd the ccmtingency fund of india act, 1950 he it enacted by parliament in the thirtieth year of the republic of india as follows:-1 (1) this act may be called the contingency fund of india (amendment) act, 1980 | short     ||-----------|| and       || commence || ment     |i~s (2) it shall be deemed to have come into force on the 22nd day of october, 1979 49 of 1950 amendment of section 2 2 to section 2 of the contingency fund of india act, 1950; (hereinafter referred to as the principal act), the following proviso shall be added, namely:-10 <provided that during the period beginning on the 22nd day of october, 1979 and ending on the 31st day of march 1980, this section shad have effect subject to the modification that for the words "fifty crores of ",pees", the words "one hundred and fifty crores lof rupees" shall be substituted: 15 11 of 1979 3 (1) the contingency fund of india (amendment) ordinance ] !:i79, is hereby repealed repeal and saving (2) notwithstanding such repeal, anything done or any action taken under the principal act, as amended by the said ordinance, shall be deemed to have been done or taken under the principal act, as amended 20 by this act  statement of objects and reasonsunder articles 267(1) and 283(1) of the constitution, the contingency l"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 withdrawal of moneys from it under section 2 of that act, as amended by the contingency fund of india (amendment) act, 1976, the corpus of the fund is fifty crores of rupees on dissolution of the sixth lok; sabha and in the wake of unprecedented drought conditions in various parts of the country during the financial year, the available budgetary grants and the contingency fund could not accommodate fully the demands on the government for assistance tor financing relief operations from a number of states and for meeting expenditure on general elections and other post budget commitments t0 meet these and other emergent demands, the contingency fund of india (am~ndment) ordinance, 1979 was promulgated by the president on the 22nd october, 1979, to raise the corpus of the fund to one hundred and fifty crores of rupees during the period beginning on the 22nd day of october, 1979 and ending on the 31st day of march, 1980 2 the bill seeks to replace the above ordinance new delhi; the 16th january, 1980 r venkataraman  financial memorandumclause 2 of the bill provides for the raising the corpus of the contin gency fund of india from rso 50crores to rso 150 crores during the period beginning on the 22nd day of october, 1979 and endin°g on the 31st day ot march, 1980, by transfer of an additional amount of rs 100 crores from the consolidated fund of india to the contingency fund of india the bill thus involves a temporary withdrawal of rs 100 crores from the consolidated fund of india to the contingency fund of india ° however, the actual expenditure out of this is limited to advances drawn from the contingency fund for meeting the immediate unforeseen and inesc8()able expenditure pending authorisation by law under article 115 of the constitution ° no recurring expenditure is involved (49 of 1950) - - - - - establishment of the contineency fund of india ! there shall be established a contingency fund in the nature of an imprest entitled the contin'gency fund of india, into which shall be paid from and out of the consolidated fund of india a sum of flfty erores of rupees - - - - -  a billfurther to amend the contingency fund of india act, 1950 (sh'l'i r venkataraman, minister of finance) 