Which of the following expenditures is/are charged on the Consolidated Fund of India?
- 1. The emoluments and allowances of the President and the expenditure relating to his/her office
- 2. The salaries and allowances of the Chairman and Deputy Chairman of the Council of States and the Speaker and Deputy Speaker of the House of the People
- 3. Debt charges for which the Government of India is liable
– Statement 1: Article 112(3)(a) lists “the emoluments and allowances of the President and other expenditure relating to his office” as charged upon the CFI. This statement is correct.
– Statement 2: Article 112(3)(b) lists “the salaries and allowances of the Chairman and the Deputy Chairman of the Council of States and the Speaker and the Deputy Speaker of the House of the People” as charged upon the CFI. This statement is correct.
– Statement 3: Article 112(3)(c) lists “debt charges for which the Government of India is liable including interest, sinking fund charges and redemption charges, and other expenditure relating to the raising of loans and the service and redemption of debt” as charged upon the CFI. This statement is correct.
– These expenditures are charged to ensure financial security and independence of constitutional offices/bodies or to guarantee debt repayment.