What is the main purpose of article 115?
The main purpose of Article 115 is to provide a mechanism for the President to address situations where there is insufficient funds for a particular service in the current financial year, or when a new service not previously contemplated arises during the year. In such cases, the President must lay before Parliament another statement showing the estimated amount of that expenditure or present a demand for an excess grant, as appropriate. Additionally, Article 115 ensures that the provisions of Articles 112, 113, and 114 apply to these statements, expenditures, and demands, just as they do to the annual financial statement and the expenditure mentioned therein or a demand for a grant and the law made for authorizing appropriations from the Consolidated Fund of India.