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Articles 266 to 269 of the Indian Constitution: Public Finance and Consolidation of Funds

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Articles 266 to 269 of the Indian Constitution: Public Finance and Consolidation of Funds Introduction  The Indian Constitution, with its focus on financial management and accountability, provides a framework for the management of public funds. Articles 266 to 269 of the Indian Constitution outline provisions related to public finance, consolidation of funds, and the distribution of revenues between the Union and the states. In this article, we engage in a comprehensive discussion, exploring the relevance of these articles in the modern era, and analyzing relevant case laws that shed light on their significance in contemporary India. Article 266: Consolidated Funds and Public Accounts of India and the States  Article 266 deals with the creation and maintenance of the Consolidated Fund of India and the Consolidated Funds of the states. It emphasizes the importance of consolidating public funds for efficient financial management. The case of Union of India v. Brijlal provides in...