Fiscal policy and urban growth in India : preliminary results from a simulation model of the Indian economy
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All the amounts and sums authorised by this Act and the other Act mentioned in Schedule 1 to this Act, for the service of the year that ended with 31st March 2006 and of the year ending with 31st March 2007, totalling, as is shown in the said Schedule, £14,148,973,000 in amounts of resources authorised for use and £15,492,189,000 in sums authorised for issue from the Consolidated Fund, are appropriated, and shall be deemed to have been appropriated as from the date of the passing of the Acts mentioned in the said Schedule 1, for the services and purposes specified in Schedule 2 to this Act.
Part 1 of Schedule 2 also sets out modifications of the limits set for the purposes of section 2 of the Government Resources and Accounts Act 2000 (c. 20) on the resources applicable as appropriations in aid for the year that ended with 31st March 2006.
Part 2 of Schedule 2 also sets out, for the services and purposes specified in that Part of that Schedule, modifications of the limits set for the purposes of section 2 of the Government Resources and Accounts Act 2000 on the resources applicable as appropriations in aid for the year ending with 31st March 2007.
Part 3 of Schedule 2 also sets out, for the services and purposes specified in that Part of that Schedule, the limits for the purposes of section 2 of the Government Resources and Accounts Act 2000 (c. 20) on the resources applicable as appropriations in aid for the year ending with 31st March 2007.
The limits as modified by Part 1 of Schedule 2 shall be deemed to have been in force from 5th March 2007.
The limits as modified by Part 2 of Schedule 2 and those set out in Part 3 of that Schedule shall be deemed to have been in force from 21st November 2006.
Subsection (6), so far as it relates to— does not affect the validity of anything to which subsection (8) applies.
a reduction set out in the Table in Part 2 of Schedule 2, or
a modification so set out which, according to a note to that Part, comprises a reduction,
This subsection applies to anything done in accordance with a direction given for the purposes of section 2 of the Government Resources and Accounts Act 2000 during the year ending with 31st March 2007 if (disregarding subsection (6)) —
at the time it was done the direction complied with the limit set under a previous Appropriation Act, or
that direction would have complied with the limit then in force if that limit had, for the period ending with 20th February 2007, been increased as mentioned in the note in question.
The payment of amounts into the Consolidated Fund is not required (by or under any enactment or otherwise) to the extent that permission for their retention is given by the Treasury in anticipation of the giving of directions, by reference to a Statement of Excesses, that will authorise the application of the amounts as appropriations in aid for the service of the year ending with 31st March 2007; but–
a permission for the purposes of this subsection expires with the giving by reference to a Statement of Excesses of any direction that authorises the application of resources as appropriations in aid in relation to the Request for Resources or Estimate to which the amounts in question are referable; and
if, having given such a permission, the Treasury decide before its expiry not to give the anticipated direction, they must withdraw the permission on making the decision.
The abstracts of Schedule 1 and of Schedule 2 which are annexed to this Act shall have effect as part of this Act.
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Section 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 5
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