With reference to Union Budget, consider the following statements: 1. The Union Finance Minister on behalf…
With reference to Union Budget, consider the following statements: 1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament. 2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India. Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Solution
Article 112 requires the President (not the Prime Minister) to cause the Annual Financial Statement to be laid before both Houses — the Finance Minister does so on the President's behalf. Article 113(3) requires that no demand for a grant shall be made except on the recommendation of the President.