What is the purpose of establishing a Contingency Fund of India?
The purpose of establishing a Contingency Fund of India is to provide for unforeseen expenditure pending authorisation of such expenditure by Parliament by law under Article 115 or Article 116. It serves as an imprest account, into which sums determined by the respective laws are paid and placed at the disposal of the President to enable advances to be made for meeting these unforeseen expenditures.