{"id":53621,"date":"2016-06-29T12:54:42","date_gmt":"2016-06-29T07:24:42","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=53621"},"modified":"2016-08-20T15:03:41","modified_gmt":"2016-08-20T09:33:41","slug":"government-enhances-financial-limits-for-appraisal-and-approval-of-non-plan-schemesprojects-by-competent-authorities","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/06\/29\/government-enhances-financial-limits-for-appraisal-and-approval-of-non-plan-schemesprojects-by-competent-authorities\/","title":{"rendered":"Government enhances financial limits for appraisal and approval of Non-Plan Schemes\/Projects by competent authorities"},"content":{"rendered":"<p style=\"text-align: justify;\">The Central Government has decided to revise the financial limits for appraisal and approval of Non-Plan Schemes\/Projects by competent authorities in order to expedite appraisal and approval process in the Central Government Ministries\/Departments.. 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 Rs.300 crore and above. The earlier limit for this was Rs.75 crore. Non-plan Schemes\/projects of less than Rs.300 crore can now be appraised by Ministry \/ Standing Finance Committee of the Ministry concerned.<\/p>\n<p style=\"text-align: justify;\">The financial power of the Minister-in-charge of the administrative Ministry for approval of the Non-Plan schemes\/projects has also been enhanced and the schemes\/project costing less than Rs.500 crore can now be approved at his\/her level. Earlier, the Minister-in-charge could approve projects costing less than Rs.150 crore. Finance Minister shall be competent financial authority for approving scheme\/projects having financial implications of Rs.500 crore and above and upto Rs.1000 crore.<\/p>\n<p style=\"text-align: justify;\">Proposal having financial limits of Rs.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 appraised by the Financial Adviser and approved by Secretary of the administrative Department, if the absolute cost escalation is upto Rs.75 crore, and by the Administrative Minister-in-charge if absolute cost escalation is above this.<\/p>\n<p style=\"text-align: right;\"><strong>Press Information Bureau<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Government has decided to revise the financial limits for appraisal and approval of Non-Plan Schemes\/Projects by competent authorities in order <\/p>\n","protected":false},"author":3,"featured_media":26751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-53621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government enhances financial limits for appraisal and approval of Non-Plan Schemes\/Projects by competent authorities | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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As per inputs received from Public Sector Banks (PSBs), all PSBs have One Time Settlement (OTS) schemes. These OTS schemes are in pursuance of Board-approved policies\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":178624,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/27\/new-fdi-approval-regime\/","url_meta":{"origin":53621,"position":2},"title":"New FDI approval regime","author":"Saba","date":"December 27, 2017","format":false,"excerpt":"by Bhumesh Verma, Managing Partner, Corp Comm Legal, can be contacted at bhumeshverma@corpcommlegal.com","rel":"","context":"In &quot;OP. 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The present announcement by Sitharaman highlights the\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128811,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/05\/04\/modifications-in-7th-cpc-recommendations-on-pay-and-pensionary-benefits-approved\/","url_meta":{"origin":53621,"position":4},"title":"Modifications in 7th CPC recommendations on pay and pensionary benefits approved","author":"Saba","date":"May 4, 2017","format":false,"excerpt":"The Union Cabinet approved important proposals relating to modifications in the 7th CPC (Central Pay Commission) recommendations on pay and pensionary benefits in the course of their implementation. Earlier, in June, 2016, the Cabinet had approved implementation of the recommendations with an additional financial outgo of Rs 84,933 crore for\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":185734,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/02\/05\/summary-budget-2018-19\/","url_meta":{"origin":53621,"position":5},"title":"Summary of Budget 2018-19\u00a0","author":"Saba","date":"February 5, 2018","format":false,"excerpt":"Government says that it is firmly on course to achieve high growth of 8% plus as manufacturing, services and exports are back on good growth path. 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