TMI BlogEnhanced Financial Powers to different MinistriesX X X X Extracts X X X X X X X X Extracts X X X X ..... Enhanced Financial Powers to different Ministries - News and Press Release Dated:- 28-6-2016 - News - Government of India has decided to revise the financial limits for appraisal and approval of Non-Plan Schemes/Projects by competent authorities. As per the revised delegation, the Committee on Non-Plan Expenditure (CNE), which serves as an appraisal forum for all non-plan proposals of Central Go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vernment Ministries/Departments, will now appraise proposals involving expenditure of ₹ 300 crore and above. The earlier limit for this was ₹ 75 crore. Non-plan Schemes/projects of less than ₹ 300 crore can now be appraised by Ministry / Standing Finance Committee of the Ministry concerned. The financial power of the Minister-in-charge of the administrative Ministry for approv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al of the Non-Plan schemes/projects has also been enhanced and the schemes/project costing less than ₹ 500 crore can now be approved at his/her level. Earlier, the Minister-in-charge could approve projects costing less than ₹ 150 crore. Finance Minister shall be competent financial authority for approving scheme/projects having financial implications of ₹ 500 crore and above and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upto ₹ 1000 crore. Proposal having financial limits of ₹ 1000 crore and above shall require approval of the Cabinet/Cabinet Committee on Economic Affairs. Concurrently, financial limits regarding appraisal and approval of increase in cost estimates have also been revised. Increase in cost upto 20% of the firmed up cost estimates can now be appraised by the Financial Adviser and appr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oved by Secretary of the administrative Department, if the absolute cost escalation is upto ₹ 75 crore, and by the Administrative Minister-in-charge if absolute cost escalation is above this. With this enhancement of financial powers, the financial limits for appraisal and approval of plan and non-plan schemes/projects of Central Government Ministries and Departments have been brought alm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ost at par. This is expected to expedite appraisal and approval process in the Central Government Ministries/Departments. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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