Amendment status not verified — confirm the current text below against the official source.
(1) The Corporation may, on the recom- t® alter mendation of the-Standing Finance Committee, from budget- time to time during the year:— grants. (a) increase the amount of the budget-grant under any head ; (b) make an additional budget-grant to meet any special or unforeseen requirement arising during the same year ; (c) transfer the amount or portion of the amount ofthe budget-grant under any head to the budget-grant under any other head ; and (d) reduce the amount of the budget-grant under any head: Provided that— (i) due regard shall be had to all the require ments of this Act ; and (ii) in making any increase or additional budget-grant, the estimated closing balance at the end of the year shall not be reduced below one lakh rupees. (2) Every increase to a budget-grant made in any year under sub-section (1) shall be deemed to be included in the Budget Estimates finally adopted for that year. 91 '''Power of