The Indian Statistical Institute Bill and Bankers' Books Evidence Bill were listed for introduction, and Demands for Excess Grants were presented in Lok Sabha.
Parliamentary financial procedures and legislative proceedings in the Lok Sabha during the Monsoon Session.
Key Exam Points
Two new bills, the Indian Statistical Institute Bill and Bankers' Books Evidence Bill, were listed for introduction in Lok Sabha on August 3, 2026.
Union Finance Minister Nirmala Sitharaman presented a statement showing Demands for Excess Grants for 2022-23 in Lok Sabha.
The proceedings of the 11th day of the Parliament Monsoon Session were presided over by Speaker Om Birla.
+3 more exam points🔒 Upgrade to Pro to unlockDemands for Excess Grants are presented to regularize expenditure spent over and above the granted amount during a financial year.
The central government listed these legislative measures as part of its third-week parliamentary schedule.
Article 115 of the Indian Constitution governs Supplementary, Additional, or Excess Grants.
Demands for Excess Grants must be examined and recommended by the Public Accounts Committee before being voted on in Lok Sabha.
Article 107 provides the rules and procedure for the introduction and passing of Bills in Parliament.
Article 85 empowers the President to summon Parliament, ensuring the gap between two sessions does not exceed 6 months.
The Public Accounts Committee was first set up in 1921 under the provisions of the Government of India Act 1919.
Under Article 114, an Appropriation Bill must be passed to authorize withdrawal of money from the Consolidated Fund of India.
The Speaker of the Lok Sabha is elected under Article 93 of the Indian Constitution.
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Upgrade to ProArticle 115 governs Demands for Excess Grants, requiring Public Accounts Committee scrutiny prior to Lok Sabha approval.
Who presented the statement showing Demands for Excess Grants for the financial year 2022-23 in the Lok Sabha?