What is the significance of the Constitutional amendments to Article 267 and 268?
The Constitutional amendments to Article 267 and 268 primarily deal with the creation of Contingency Funds for both the Union and individual States. These Funds are in the nature of an imprest, which means they are a type of pre-approved funds set aside for unforeseen expenses.

Article 267 specifies that Parliament can establish a "Contingency Fund of India" to cover any unplanned expenditure while awaiting official approval from the legislature under Article 115 or 116. Similarly, State Legislatures have the power to establish their own Contingency Funds for their respective states under Article 268. The proceeds collected from certain stamp duties are assigned to the States where these taxes are levied.

These amendments ensure that there are sufficient funds available to cover unforeseen expenses at both the national and state levels, ensuring the continuity of essential services even during emergencies or unexpected financial needs.