What is meant by the consolidated fund of India

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1

What is meant by the consolidated fund of India
Name any two expenditures charged on it

2

Consolidated Fund of India is the most important of all government accounts. Revenues received by the government and expenses made by it, excluding the exceptional items, are part of the Consolidated Fund. Two expenses charged to it are:

  • Salary and Allowances of the President, Speaker / Deputy Speaker of Lok Sabha, Chairman/ Deputy Chairman of Rajya Sabha, Salaries and Allowances of Supreme Court judges, Pensions of Supreme Court as well as High Court Judges, Salaries and Allowances of CAG, Lok Pal
  • Debt charges of Government of India