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Failure to pass these money bills before March 31 would have prevented the government from drawing from the Consolidated Fund for payment of salaries and to meet other government expenditure from April 1.
The House also passed appropriation bills for the last batch of supplementary demands for grants for the current year.
As per constitutional requirement, the demands for grants on account of the General and Railway Budgets and the connected appropriation bills had to be passed by both Houses and assented to by the President by March 31.
The Congress and other Opposition parties had agreed to co-operate in passing the vote-on-account to avert a crisis following the impasse in the wake of expose that rocked Parliament for six days.
The vote-on-account for the General Budget entails the government to withdraw up to Rs 1,19,411 crore, while the one for the Railways enables withdrawal of Rs 11,802.72 crore.
This will enable the government to draw from the Consolidated Fund for payment of salaries and to meet other government expenditure from April to July till approval of the Budgets.
PTI
ALSO SEELS passes vote-on-account
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