Section 215 - Amendment of section 7 - Finance Act, 2018

Amendment of section 7 215 . In section 7 of the principal Act,- (a) in sub-section (1), for the words every quarter , the words on half-yearly basis shall be substituted; (b) after sub-section (1), the following sub-section shall be inserted, namely:- (1A) The Central Government shall prepare a monthly statement of its accounts. ; (c) in sub-section (2), for the words pre-specified levels mentioned in the Fiscal Policy Strategy Statement and the rules made under this Act , the words prescribed levels shall be substituted.