What is the significance of the "Consolidated Fund" and "Contingency Fund" of the State in relation to Money Bills?
The significance of the "Consolidated Fund" and "Contingency Fund" of the State in relation to Money Bills is that they deal with matters related to the imposition, abolition, remission, alteration or regulation of any tax; the regulation of the borrowing of money or the giving of any guarantee by the State, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the State; and the appropriation of moneys out of the Consolidated Fund of the State. These funds are crucial for the management of state finances and the passage of Money Bills that deal with these matters.