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Union Government enhances Financial Powers of Ministries, Departments

Union Government enhances Financial Powers of Ministries, Departments
30 June 2016 Current Affairs: The Union Government has revised the financial limits of departments and ministries for appraisal and approval of Non-Plan Schemes or Projects by competent authorities on 28 June 2016.

With this, appraisal and approval process in the Central Government Ministries and Departments will be expedited.

Highlights  : As per the revised delegation, the Committee on Non-Plan Expenditure (CNE) will now appraise proposals involving expenditure of 300 crore rupees and above. The earlier limit for this was 75 crore rupees. 

Non-plan Schemes/projects of less than 300 crore rupees can now be appraised by Ministry or the Standing Finance Committee of the Ministry concerned. 

The financial power of the Minister-in-charge of the administrative Ministry can now approve Non-Plan schemes costing less than 500 crore rupees. The earlier limit for this was 150 crore rupees. Finance Minister shall be competent financial authority for approving scheme/projects having financial implications of 500 crore rupees and above and upto 1000 crore rupees. 

Proposal having financial limits of 1000 crore rupees and above shall require approval of the Union Cabinet/Cabinet Committee on Economic Affairs. 

Increase in upto 20 percent cost of the firmed up cost estimates can now be appraised by the Financial Adviser and approved by Secretary of the administrative Department, if the absolute cost escalation is upto 75 crore rupees.

And if the absolute cost escalation is above 75 crore rupees, then it will be approved by the Administrative Minister-in-charge.


December 2016 Current affairs
9 DEC
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8 DEC
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7 DEC
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5 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
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August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
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27 AUG
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26 AUG
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25 AUG
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