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  • GFR2017 0 11zon 1-1

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    Ishan Shanker
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    6 views208 pages

    GFR2017 0 11zon 1-1

    Uploaded by

    Ishan Shanker

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 208
    GENERAL FINANCIAL RULES 2017 Government of India Ministry of Finance Department of Expenditure PREFACE General Financial Rules (GFRs) are'o compilation of tules and orders of Government of india fo be followed by all while dealing with matters involving public finonces. These rules and orders are treated as ‘executive instructions te be observed by all Departments and Organisations under the Government and specified Bodies exceptotherwise provided for in these Rules. General Financial Rules were issued for the first time in 1947 bringing together in one place all existing orders and instructions pertaining to financial matters. These have subsequently been modified and issued os GFR 1963 ond GFRs 2005. inthe last few years, Government has made many innovative changesin the way itconductsits business. Reforms in Government budgeting like removal of distinction in non-plan and plan expenditure, merger of Railway Budget with General Budget, focusing on outcomes through an improved Gutcame Budget document, oll needed to be reflected in the GFRs. increased focus.on Public Finance Management System(PFMS}, reliance on the Direct Benefit Transfer {DBT} Scheme to ensure efficient delivery of entitlements, introduction of new e-sites like Central Public Procurement Portal, Government Marketing (GeM) Portal, Non-Tax Revenue Portal have also necessitated revision of the existing GFRs to keep them in tune with the changing business environment. The objective was to make the GFRs facilitate efficiency rather than create impediments in smooth and fimely implementation while following principles of accountability and procedures of financial discipline and administrative due diligence, The Expenditure Management Commission set up in 2014 to recammend ways in which efficiency of public expenditure could be increased has alsa made several recommendations especially with respect fo Aulonomous Bodies. New rules on non-tax revenues, user charges, ¢-receipts partal hove been added in addition to the manner in which Aulonamous Bodies are run. The PAC in April 2015, Group of Secretaries in February 2016 and EMC in March 2016 bas recommended: seiting up o Task Force toreview the GFRssoaste frame comprehensive rules to address he issues ashighlighted inthe above para. GFRs, 2017 have evolved as @ result of wide consultations with Central Goverment Ministries and Departments, same Siote Governments dnd other saksholders at the Task Force stage ond thereofier. The Discussion Draft was also uplooded on the Mof’s website. Secretaries of each Department/ Ministry of Government of India were asked to give their views for additions/ modifications, kesping in view their specific requirements of their domain. Detailed deliberations were also carried out within the Ministry. C&AG's comments on the draft GFRs have also been taken into consideration, The aim of any rule is to provide a framework withi ‘an organization manages its business in a financially prudent manner without compromising its flexibility io deal with varied situations. The GFRs 2005 have been very comprehensively reviewed with the aim of promating simplicity and transparency in the Government financial system and procedures. lis expected that the new GFR 2017 will enable an improved, efficient and effective Framework offiseal management while providing the necessary flexibility fo facilitate timely delivery of services. Department af Expenditure would like fo place on record the exceptional work dons by the Task Force-on Review of GFR, the office of the CBAG, the office of the CGA, Budget Division of Department of Economic Affairs, the Ministries and Departments for their valuable inputs and ifs own officers for assiduously and meticulously completing this vital and challenging exercise ina timebound manner, {ASHOK LAVASA) Finonce Secretary & Secretary(Expenditure) Deperiment of Expenditure ‘Ministry of Finance North Block, New Delhi Dated: 11th February, 2017 CONTENTS TABLE OF CONTENTS 1 Introduction 9 2 General System of Financial Management u |. General Principles relating fo expenditure and payment of money 12 I Defalcation and losses 15 I. Submission of records & information 16 3 Budget formulation and implementation. 7 4 Government Accounts 25 5 Works 38 6 Procurement of Goods and Services Al 1. Procurement of Goods al Il. Procurement of Services 54 7 Inventory Management 58 8 Contract Management 63 9 Gronts-in-aid and Loans 67 10 Budgeting and Accounting for Externally Aided Projects 85 W Government Guarantees 89 12 Miscellaneous Subjects 94 |. Establishment 4 We Refund of revenue 96 MM, Debt and misc. obligations af Govt. 7 Vv. Security deposits 98 V. Transfer of land and buildings 99 Vi. Charitable endowments and other trusts 9 Vil. Local bodies 99 Vill. Maintenance of records 100 IX. Contingent and Miscellaneous Expenditure. 100 CONTENTS APPENDIX 1 Instructions for regulating the Enforcement of 102 Responsibility for losses, etc., 2 Procedure for the preparation of Detailed Estimates of Receipts 103 3 Insiructions for the preparation of Detailed Estimates of 105 expenditure from the Consolidated Fund 4 Procedure for compilation of Detailed Demands for Grants 12 5 Procedure to be followed in connection with the Demands for 115 Supplementary Gronts 6 The Contingency Fund of Indio Rules v7 7 Transfer of Land and Buildings between the Union and 120 State Governments 8 Charitable Endowments and other Trusts 122 9 Destruction of Office Records connected with Accounts. 135 10 Check against provision of funds 144 W Formula for Price Variation Clause 145 12 Rates of Guarantee Fae 146 FORMS GFRI Application for an Additional Appropriation a7 GFR2 Revenue Receipts 148 GFR2-A _ Estimotes of foreign grants 149 GFR2-B Estimates of interest receipts and loan repayments 150 GFR3 Liability Register 151 GFR3-A — Liobility Statement 153 GFRA Statement of proposals for pre-budget discussions 156 GERS Register showing expenses by Heads af Account 158 GFRS Broadsheet for watching receipt of account from Disbursing Officers 159 GFR7 Compilation Sheet 160 CONTENTS GFR BS GFRO GFR 10 GFRTT GFRI2 GFR 12 GFRI2 GFR 13 GFR 14 GFRIS GFRI6 GFR 16 GFR I7 GFR 18 GFRI9 GFR 20 GFR 21 GFR 22 GFR 23 GFR 24 GFR 25 GFR 26

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