Mr. President, Sir, I move:
“That for article 254, the following be substituted :-Grants in lieu of export duty on jute and jute products:-
254. (1) There shall be charged on the Consolidated Fund of India in each year as grants-in-aid of the revenues of the States of Bengal, Bihar, Assam and Orissa in lieu of assignment of any share of the net proceeds in each year of export duty on jute and jute products to these States such sums as may be prescribed by the President.
(2) The sums so prescribed shall continue to be charged on the Consolidated Fund of India so long as export duty on jute or jute-products continues to be levied by the Government of India or until the expiration of ten years, whichever is earlier.
(3) In this article, the expression ‘prescribed’ has the same meaning as in article 251 of this Constitution.“