16-12-2017, 04:18 PM
*A sitting of parliament can be terminated by adjournment. It is for a specified time which may be for hours, days or weeks. An adjournment is done by the presiding officer of the House.
*If a sitting of the House is terminated for an indefinite period (without mentioning the date of its reassembly) it is called ‘adjournment sine die’.
*Prorogation is the termination of a session of the House. It is done by the President. Prorogation does not affect the bills pending before the House, but all notices lapse.
*Dissolution ends the very life of the House. It is done by the President. Only the Lok Sabha can be dissolved. Since the Rajya Sabha is a permanent House, it cannot be dissolved.
*All business including bills, motions, resolutions, notices pending before it and its committees lapse due to the dissolution of the House.
*Recess is the period between the prorogation of a House and its re assembly.
*Lame -duck -session is the last session of the existing Lok Sabha after a new Lok sabha has been elected.
*Lame Ducks are the members of the existing Lok Sabha who could not get re-elected to the new Lok Sabha.
BUDGET (Article -112)
*The word ‘Budget’ is derived from the French word ‘bougette’ which means ‘a small bag’.
*The term budget has not been used in the Constitution. The term used in Article 112 is Annual Financial Statement.
*Budget is an estimate of all anticipated receipts and expenditure of the coming financial year.
*Financial year in India is from 1st April to 31st March.
*Budget is laid before Parliament in the name of the President.
*Railway budget was separated from the General Budget in ,1924 on the! recommendation of the Acworth Committee (1921).
*The first budget of free India was presented by R.K. Shanmukham Chetty on 26th November 1947.
*Central ministry decided to merge the general budget and railway budget on - 21 September 2016 (Single budget was presented on 1st February 2017)
*The first finance minister who presented budget on February 1st-Arun Jaitly
*The budget is laid on the table of the Rajya Sabha at the conclusion of the speech of the Finance Mnister in the Lok Sabha.
*The first part of the budget deals with the general economic survey of the country and the second part deals with taxation policy.
*The voting on demands for grants is the exclusive privilege of the Lok Sabha. The Rajya Sabha has no power of voting on demands.
*The General Budget has a total of 109 demands (103 for civil expenditure and 6 for defence expenditure). The Railway Budget has 32 demands.
*Line Item budget, performance budget, programme budget and zero based budget are the different types of budgets.
*The budget consists of three heads
(i)consolidated fund (Article 266)
(ii)contingency fund (Article 267)
(iii)public account of India (Article 266)
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*Morarji Desai is the finance minister who presented maximum number of budgets (10 budgets) in the parliament
Interim Budget
*The word ‘Interim Budget’, for the first time used by R.K. Shanmukham Chetty in his budget speech of 1948-49
*The first finance minister to present an interim budget was C.D. Desmukh (1951-52)
