 ~"'  ,;  '/ :,·'1  ;' - -4, i  ~:' ,,~,,~i;tf _oil ~ f:' '~~::" ~ t ,r: ,   ,' ,,;,bill no 89 of 1976 t~e, contingency ,fund of india (amend~nty:-c;;:>  ' 'bill ~   ,  , 19,v a ' :f , " ' bp:l •• ", • :  r: further to amend the contingency fund of india act; 1950 ,' " be it enac'ted to parliament ,in the tweilrty-~eventh y, qt  ,"t4e, ': ' republic of india as fojlows:-j ",'0 1 this act may be called the contingencyfimd of indi,a(atri£llld~ "'  : ment) act, 1976  ,'  " short title 2 in section 2 of the contingency fund of india act, 1950,-amendmentol section 1 (a) in the opening paragraph, for the words "thirty crores of rupees", the words "fifty crores of rupees" shall he subfttitutoo; (b) the proviso shan be omitted  statement of objects and reasonsunder articles 267 (1) and 283 (1) of the constitution, the contingency fund 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, as amended by the contingency fund of india (amendment) act, 1970, the corpus of the fund is thirty crores of rupees, consequent on the increase in the size of the annual budget, the aeed for augment1ng the corpus of the fund has been felt it is proposed to raise the corpus of the fund from thirty crores of rupeel!l to fifty croreaj ot rupees ~ meet unforeseen expenditure ~, the bill meb to achieve the above object new diuu; the 21th lulsl 1976 sushila bohatgi  president's recommendation under article 117 of the constitution of india[copy of letter no f5 (3) -b (se) 176, dated the 6th august, 1976 from sbrimati sushila rohatgi, deputy minister in the ministry of finance to the secrewy-generti lok sabha] 'the-' presideat of indibl having been infonned of the subject matter of the proposed bill to amend the contingency fund of india act, 1950 recommends under article 117 (1) and article 117 (3) of the constitution, the itttroduction in, and consideration by lok sabha of the contingency fund of india (amendment) bill, 1976 clause 2 of the bill provides for the raising of the corpus of the con-1ingency fund of india from rs 30 cl'ol'es to rs 50 crores by transfer of an additional amount of rs 20 crores from the consolidated fwld of int\ia to the contingency fund of india the bill thus involves a with--drawal of rs 20 crores from the consolidated fwld of india but the :actual expenditure will be incurred only when advances are -drawn from the contlngency fund for meeting unforeseen expenditure pending au-"ihorisation by law under article 115 or article 116 of the constitution l no i'ee\lft"idg apenditure is involved  annexure extract from the contingency fund of india act, 1950 (49 of 1950)'" - - - z there shall be established a contingency fund in the nature of ad imprest entitle!(\ the contmgency fund of india, into which shall be paid from and out of the consolidated·fund of india a sum of thirty crores of rupees: establishment of the contingency fund of india provided that during the period beginning on ~ ~th dfy qf february, 1972 and ending on the 30th day of april, 1972, this section shall have effect subject tq the modification that for the words "thirty crores of rupees", the words "one hundred crares of rupees" shall be substituted - - - -  a billfurther to amend the centingency fund of india act, lw/u- \, so (shrimati ~ubhila rehatgi deputy minister in the mini6tty of finance) 