Under which Article of the Indian Constitution the Annual Financial Statement (Budget) is necessary to be laid before the Parliament?
Detailed Explanation:
Article 112 of the Indian Constitution mandates the presentation of the Annual Financial Statement (Union Budget) before both Houses of Parliament for each financial year.
Article 111 deals with Presidential assent to Bills, Article 113 covers the procedure in Parliament with respect to estimates (discussion and voting on demands for grants), and Article 114 deals with the Appropriation Bills for withdrawal of money from the Consolidated Fund.
Question 1 of 1 Budget and Financial Procedures
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