- Lok Sabha has approved the Appropriation Bill, allowing the central government to withdraw funds from the Consolidated Fund of India for its business needs and the implementation of various programmes.
- Speaker Om Birla passed the bill after passing the guillotine, which is a legislative mechanism designed to approve the rapid passage of pending grant requests without discussion.
- The Appropriation Bill is a money bill that allows the government to withdraw funds from the Consolidated Fund of India within a financial year to cover its expenses.
- According to Article 114 of the Constitution, the government can withdraw funds from the consolidated fund only if it is approved by the Parliament.
- To put it simply, the “Finance Bill” contains provisions on financing government expenditures, while the “Appropriation Bill” specifies the amount and purpose of withdrawals.