Contingency Fund of India

Contingency Fund of India( auth article 267)  which is an imprest placed at the disposal of the President of India to facilitate   Government to meet urgent unforeseen expenditure pending authorisation from Parliament. Parliamentary approval for such unforeseen expenditure is obtained, post-facto, and an   equivalent amount is drawn from the Consolidated Fund to recoup the  Contingency Fund. The corpus of the Contingency Fund as authorized by Parliament presently stands
at 500 crore.