Define Consolidated fund of Himachal Pradesh?
Ans. “Consolidated Fund” means the Consolidated Fund of the State as referred to in
the Constitution;
Consolidated Fund shall be divided into two divisions, namely, 'Revenue' and 'Capital'.
The Revenue Division shall comprise of the sections 'Receipt Heads (Revenue Account)' dealing with the proceeds of taxation and other receipts classified as revenue and 'Expenditure Heads (Revenue Account)' dealing with the expenditure met therefrom.
The Capital Division shall comprise of three sections, viz., 'Receipt Heads (Capital Account)', 'Expenditure Heads (Capital Account)' and 'Public Debt, Loans and Advances.’ These sections shall in turn be divided into sectors such as 'General Services', 'Social and Community Services', 'Economic Services' and Grant-in Aid, under which specific functions or services shall be grouped corresponding to the sectors of Plan classification and which are represented by Major Heads (comprising Sub-Major Heads, wherever necessary).
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