The Ministry of Finance (MoF) on April 01, 2024, issued the revised guidelines on financial Limits to be observed in determining cases relating to New Service (NS)/New Instrument of Service (NIS).
The attention is invited towards Annexure-1 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).
In this regard, it is stated that the Budget Division of the Department of Economic Affairs vide their O.M. No. F.I(22)-B(AC)/2022 dated February 23, 2024, issued revised financial limits relating to NS/NIS and guidelines in supersession of their O.M. No. F.I(23)/B(AC)/2005 dated May 25, 2006, to ensure uniformity, consistency, administrative efficiency and financial discipline by the Ministries/Departments.
Accordingly, it has been decided to amend Annexure 1 to Appendix-3 of GFRs 2017 by replacing the O.M. dated May 25, 2006, with the O.M. dated February 23, 2024, issued by the Budget Division of the Department of Economic Affairs as mentioned in the para above.
A copy of the Budget Division of the Department of Economic Affairs O.M. dated February 23, 2024, is attached herewith.
[Order Memo. No. 01(14)/2016-E.II(A) (Vol.lll)]
