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Enhanced Financial Powers to different Ministries

News and Press Release - Dated:- 28-6-2016 - 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 Government Ministries/Departments, will now appraise proposals involving expenditure of ₹ 300 crore and above. The earlier limit for this was ₹ 75 cr .....

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ter shall be competent financial authority for approving scheme/projects having financial implications of ₹ 500 crore and above and 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 appraise .....

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