President Ram Nath Kovind has given his nod to the Appropriation (No 5) Act 2021 that authorises payment and appropriation of Rs 3.73 lakh crore from the Consolidated Fund of India for the services of the financial year 2021-22.
According to a gazette notification published on Friday, the President gave his assent on January 12.
Generally, after the budget proposal discussions and later voting on demand for grants, the government introduces the Appropriation Bill in the Lok Sabha, which when passed by the Parliament, is then sent to the President.
Generally, after the budget proposal discussions and later voting on demand for grants, the government introduces the Appropriation Bill in the Lok Sabha, which when passed by the Parliament, is then sent to the President.