All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

1. Article 266(1) of the Constitution of India mandates the creation of the Consolidated Fund of India. 2. It specifies that, subject to certain provisions, all revenues received by the Union Government, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances, and all moneys received by that Government in repayment of loans shall form one consolidated fund. 3. This includes revenues from taxes and other receipts for the conduct of Government business. 4. The Contingency Fund of India (Article 267) is a separate fund placed at the disposal of the President to meet unforeseen expenditure. 5. The Public Account of India (Article 266(2)) includes other public moneys received by or on behalf of the Government of India (e.g., provident funds, small savings), which are not part of the Consolidated Fund. 6. Deposits and Advances Fund is not the primary fund where all government revenues are credited.