Revised guidelines on financial Limits to be observed in determining cases relating to New Service (NS) / New Instrument of Service (NIS)
The Office Memorandum announces the revision of financial limits for New Service (NS) and New Instrument of Service (NIS) cases, as per the General Financial Rules (GFR) 2017. The Department of Economic Affairs issued new guidelines superseding the previous ones to ensure uniformity, consistency, administrative efficiency, and financial discipline across Ministries/Departments.
No. 01(14)/2016-E.JI(A) (Vol III)
Government of India
Ministry of Finance
Department of Expenditure
North Block, New Delhi
Dated 01st April, 2024
OFFICE MEMORANDUM
Subject: Revised guidelines on financial Limits to be observed in determining cases relating to New Service (NS) / New Instrument of Service (NIS) — Amendment to Annexure-I of Appendix-3 of General Financial Rules 2017.
Attention is invited towards Annexure-I of Apendix-3 of General Financial Rules (GFR) 2017 regarding financial limit to be observed in determining cases relating to New Service/New Instrument of Service (NS/NIS) [Rule 63 of GFRs 2017).
2. In this regard, it Is stated that Budget Division of Department of Economic Affairs vide their O.M. No. F.1(22)-B(AC)/2022 dated 23rd February, 2024 issued revised financial limits relating to NS/NIS and guidelines in supersession of their O.M. No. F.1(23)/B(AC)/2005 dated 25th May, 2006 so as to ensure uniformity, consistency, administrative efficiency and financial discipline by the Ministries/Departments.
3. Accordingly, it has been decided to amend the Annexure 1 to Appendix-3 of GFRs 2017 by replacing the O.M. dated 25th May 2006 with O.M. dated 23rd February, 2024 issued by Budget Division of Department of Economic Affairs as mentioned in the para above. A copy of the Budget Division of Department of Economic Affairs O.M. dated 23 February, 2024 is attached herewith.
4. This issues with the approval of Competent Authority.
(Chandra Prakash Kushwaha)
Under Secretary to the Government of India
Source Document PDF