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Indian Polity

The financial framework of the Central Government of India is structured around three primary funds - the Consolidated Fund of India, the Contingency Fund of India, and the Public Account of India. Each of these funds serves distinct purposes and is essential for the fiscal management of the country. This article aims to study in detail these three types of funds for the Union Government, their structure, composition, purpose, and critical roles in Indian public finance. Funds for Union Government…

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