What is the purpose of Article 292 in the Indian Constitution?
Article 292 in the Indian Constitution grants the executive power of the Union to borrow money upon the security of the Consolidated Fund of India. The borrowing can be done within limits set by Parliament through legislation, and the Union can also provide guarantees within the specified limits. This article helps the Government of India to raise funds when necessary for various purposes, such as infrastructure development, social welfare programs or addressing emergencies.