Delegation of Financial Powers Rules, 2024 – Book PDF by MoF, Department of Expenditure 

Delegation of Financial Powers Rules, 2024 – Book PDF by MoF, Department of Expenditure

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE

DELEGATION OF FINANCIAL POWERS RULES, 2024

PREFACE

Delegation in general, and delegation of financial powers in particular, is an important determinant of efficiency in large organisations. Recognizing the need for a contemporary framework that fosters quicker and more efficient decision-making without loss of control, the Delegation of Financial Powers Rules 2024 has been formulated as a replacement for its predecessor, the Delegation of Financial Powers Rules 1978.

The exercise of revising the Delegation of Financial Powers Rules began with a critical examination of the 1978 Rules. Some of the provisions were perceived as complex and occasionally ambiguous. A comprehensive revision, therefore, became imperative.

A key objective of the Delegation of Financial Powers Rules 2024 is simplicity and ease of understanding. The aim is to empower users with a framework of rules that is not only comprehensive but also easily navigable, so that financial decisionmakers at all levels can comprehend and execute their responsibilities with clarity. The rules have also been designed to accommodate updates and modifications in a timely manner, making them adaptive and responsive to future needs.

To facilitate agile financial decision-making, the Delegation of Financial Powers Rules 2024 allow greater autonomy to various levels of authority, and reduce bottlenecks. They aim to empower departments and individuals, fostering a sense of ownership and responsibility for financial decisions.

(Dr. T. V. Somanathan)
Finance Secretary & Secretary (Expenditure)
Government of India

INDEX

RULES

1. Short title and commencement
2. Power to relax
3. Definitions
4. Provision of funds by Parliament
5. General conditions on powers to sanction expenditure
6. Residuary financial powers
7. Sanction of expenditure
8. Primary unit of appropriation
9. Allotment of Funds
10. Appropriation and Re-Appropriation
11. Indents, contracts and purchases
12. Powers of Subordinate Authorities
13. Powers of Subordinate Authorities to write off loss
14. Insurance of Government property
15. Waiver of recovery of overpayment made to Government servants
16. Expenditure on Schemes or Projects
17. Grant-in-aid, loans, etc
18. Trading operations
19. Dismantlement of public buildings
20. Communication of sanctions to audit
21. Repeal and savings

ANNEXURES

I. List of Object Heads
II. General conditions for incurring Expenditure

APPENDICES

OTHER RELATED ORDERS