image

Contingency Fund of India

About Contingency Fund of India

Facebook IconLinkedIN Icon

What is Contingency Fund of India?

As the name suggests, the Contingency Fund of India is the emergency fund for the nation. Constituted under Article 267(1) of the Indian Constitution, the Contingency fund of India is used at a time when there is a crisis in the nation — a natural calamity, for instance — and money is required to deal with it. The Union government has its own contingency fund with a corpus of Rs 500 crore.
 
In 2005, the amount of the fund was raised from Rs 5 crore to Rs 500 crore. States can also opt to have their own contingency funds. The contingency fund of the Union government is at the disposal of the President of India, who releases the funds on request of the Union Cabinet, which later gets an approval from Parliament. A Parliament approval is mandatory.
 
After the emergency has been dealt with, the fund is reimbursed to its full capacity of Rs 500 crore. This required money comes from the Consolidated Fund of India.

Here are the latest news from Business Standard

Latest News

Unexpected markets powered India's exports surge in April, shows data

Surge in shipments to smaller markets offsets weak demand from US and West Asia in April

Updated On: 17 May 2026 | 11:59 PM IST

Real-time risk scores on cards for digital payments to track fraud

Move aims to track originators of money transfers via mule accounts

Updated On: 17 May 2026 | 11:51 PM IST

Optical illusions: Gains from Trump-Xi summit were underwhelming

The fact that the Beijing-Moscow axis remains as sturdy as ever is a compelling sign of the US' waning influence over large swathes of global geopolitics

Updated On: 17 May 2026 | 11:50 PM IST

Biosimilars could surpass generics in US mkt by early 2030s: Dr Reddy's CEO

Dr Reddy's CEO Erez Israeli says semaglutide, biosimilars and oncology will drive the company's next growth phase as it expands beyond traditional generics globally

Updated On: 17 May 2026 | 11:49 PM IST

India's fertiliser imports from China jump 173% in FY26, shows data

Russia retained its position as the top source of India's fertiliser imports. It accounted for 6.8 million tonnes of imports, as against 4.9 million tonnes in FY25

Updated On: 17 May 2026 | 11:49 PM IST

DC vs RR HIGHLIGHTS IPL 2026: Rahul-Starc shine as DC beat RR to keep their playoff hopes alive

DC, with the win, have also jumped back to seventh spot on the points table with 12 points from 13 matches

Updated On: 17 May 2026 | 11:48 PM IST

Centre tapping Big Tech companies for data centres, R&D in West Bengal

The Centre has approached global technology giants and Indian conglomerates to invest in data centres, R&D hubs, GCCs and semiconductor projects in West Bengal

Updated On: 17 May 2026 | 11:46 PM IST

States' capex utilisation dipped to 77% in FY26 despite higher outlay

The state-wise picture also reveals a sharp churn at the top and bottom relative to the last financial year

Updated On: 17 May 2026 | 11:43 PM IST

IPL 2026 points table: PBKS, KKR, GT rankings; Orange, Purple Cap holders

Defending champions Royal Challengers Bengaluru (RCB) still hold the top spot with 18 points from 13 matches and have also qualified for the playoffs

Updated On: 17 May 2026 | 11:41 PM IST

Muthoot Fincorp plans ₹4,000-crore IPO, board approves stock split

Muthoot Fincorp's board also cleared plans for NCD issuances, private placements, and a commercial paper programme with a limit of Rs 30,000 crore

Updated On: 17 May 2026 | 11:41 PM IST

Power ministry working on tariff redesign, tweaking fixed charges

The Centre is considering a national framework to rationalise fixed charges and redesign retail tariffs to improve cost recovery and reduce financial stress for discoms

Updated On: 17 May 2026 | 11:37 PM IST

Prudential to acquire 75% stake in Bharti Life Insurance for ₹3,500 crore

Another ₹700 crore payable if certain conditions met; Prudential to reduce stake in ICICI Pru Life Insurance

Updated On: 17 May 2026 | 11:35 PM IST

ULIPs retain dominance in private insurers' product mix despite policy push

This is despite sharper push towards protection products after GST relief

Updated On: 17 May 2026 | 11:35 PM IST

Rupee hitting 100 per dollar in the next six months? Not soon, say experts

Market participants said that any sharp depreciation towards the 100/$ level may prompt policy responses from the government and the RBI, similar to measures introduced during the 2013 currency crisis

Updated On: 17 May 2026 | 11:32 PM IST

Street signs: Tale of two mega floats, the long and short of it, and more

Jio Platforms and NSE gear up for blockbuster IPOs as exchanges tighten surveillance norms and NSE releases delayed trading payouts

Updated On: 17 May 2026 | 11:30 PM IST

NCLAT upholds separate insolvency proceedings for 2 Videocon group entities

Passing a final order, the NCLAT said creditors of VIL and VOVL had intended the Corporate Insolvency Resolution Processes (CIRPs) of the two companies to run independently

Updated On: 17 May 2026 | 11:28 PM IST

Ambuja to focus on completing projects amid capex slowdown: Karan Adani

Ambuja Cement Director Karan Adani said project execution lagged group standards due to contractor issues, lack of execution teams and incomplete engineering work, prompting focus on ongoing projects

Updated On: 17 May 2026 | 11:27 PM IST

Su-57 only rapid stealth option for IAF; Rafales still essential: Source

But the proliferation of stealth platforms and the advent of sixth-generation technologies have not made the Rafale obsolete for the IAF, source says

Updated On: 17 May 2026 | 11:26 PM IST

PM's WFH push may raise flex, managed workspace demand in the near term

Industry executives say companies are likely to adopt distributed workplace strategies, supporting flex office demand without disrupting India's office leasing momentum

Updated On: 17 May 2026 | 11:24 PM IST

Young Indians to benefit from easing of Dubai's visa-linked property rules

Dubai's decision to ease visa-linked property investment norms is expected to increase participation from young Indian buyers and mid-income professionals

Updated On: 17 May 2026 | 11:23 PM IST