THE CONSTITUTION INDIA,ARTICAL : 292-293

BORROWING (FINANVCE, PROPERTY, CONTRACTS SUITS)

ARTICAL : 292-293

BORROWING BY THE GOVERNMENT OF INDIA

The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed

BORROWING BY STATES

(1) Subject to the provisions of this article, the executive power of a State extends to borrowing within the territory of India upon the security of the Consolidated Fund of the State within such limits, if any, as may from time to time be fixed by the Legislature of such State by law and to the giving of guarantees within such limits, if any, as may be so fixed