Skip to content

Amendment of section 7

Amendment of section 7 :

Section –  215. In section 7 of the principal Act,—

(a) in sub-section (1), for the words “every quarter”, the words “on half-yearly basis” shall be substituted;
(b) after sub-section (1), the following sub-section shall be inserted, namely:—
“(1A) The Central Government shall prepare a monthly statement of its accounts.”;
(c) in sub-section (2), for the words “pre-specified levels mentioned in the Fiscal Policy Strategy Statement and the rules made under this Act”, the words “prescribed levels” shall be substituted.