Takes
various steps during the Current Financial Year 2016-17 to simplify and strengthen
the Public Financial management System (PFMS); Focuses on the development of
2nd version of the Generic Internal Audit Manual in association with the
Institute of the Internal Auditors (IIA) India w.e.f. November, 2016; Has started
Implementation of e-Office in a Mission Mode Project among others.
|
Year
|
|
Department
|
Following are the major reform measures, policy initiatives and
achievements of the Department of Expenditure (DOE), Ministry of finance during
the current Financial Year 2016-17:
Public Financial
Management System (PFMS):
The Public Financial Management System (PFMS) is a web-based online software
application, developed and implemented by the o/o CGA with technical support of
NIC. The primary objective of PFMS is to facilitate a sound Public Financial
Management System for Government of India (GoI) by establishing an efficient
fund flow system as well as a Payment cum accounting network. PFMS provides
various stakeholders with a real time, reliable and meaningful Management
Information System and an effective Decision Support System (DSS), as part of
the Digital India initiative of GoI.
The biggest strength of PFMS is its integration with the banking network in
the country. As a result, PFMS has the unique capability to push online
payments to almost any beneficiary/vendor having account in any bank across the
country.. At present, PFMS interface is completed with the Core Banking System
(CBS) of all Public sector Banks (26), Regional Rural Banks (54), major private
sector banks (14), Reserve Bank Of India, India post and Cooperative Banks
(55).
The Government has emphasized the need for improved financial management in
implementation of Central government Schemes so as to facilitate Just-in-time
releases and monitor the usage of funds including information on its ultimate
utilization. In order to abide by the directions to implement Just-in-Time
releases and monitor the end usage of funds, an action plan for universal
roll-out of PFMS for Central Government schemes has been approved which inter
alia includes mandatory registration of all Implementing Agencies on PFMS and
mandatory use of Expenditure Advance and Transfer(EAT)module of PFMSW by all
IAs.
Achievements under
PFMS:
- PFMS
has been fully implemented at the Central Government level for all Plan
and Non Plan Scheme releases from Civil Ministries / Departments of the
Central Govt. - The
Implementing Agencies are using the PFMS application for both transfer of
funds to Agencies below and for e-payment to beneficiaries by direct credit
to their accounts either in bank branches or in post offices. - So
far 18 lakh (approx) Implementing Agencies are registered on PFMS (till 30th
November, 2016). - The
total number of beneficiaries bank accounts registered in PFMS is
19.07crores (till 30th November, 2016). - Total
Central DBT payments have been made for 26.52 crore transactions amounting
Rs. 33417.36 crores for 37 schemes (till 30th November 2016 in
2016-17). - Total
State DBT payments have been made for 2.88 crore transaction amounting Rs.
4363.28 crores for 27 schemes (till 30th November 2016 in
2016-17). - Total
UT DBT payments have been made for 2.98 crore transaction amounting Rs.
52.10 crores for 30 schemes (till 30th November 2016 in
2016-17). - Pan-India
roll out of MNREGS payments for Bank Account holders started from 1st
April, 2015. 24.80 crore credits have been done for Rs. 24,571 crore
through PFMS from 1.4.2016 to 30.11.2016. - Pan-India
roll out of Indira Awas Yojana (IAY) payments for Bank Account holders
started from July, 2015. 19.10 lakh credits have been done for Rs. 5114
crore through PFMS from 1.4.2016 to 30.11.2016. - E-IGAA
i.e State Government payments through RBI advices have been started across
Ministries. - NTRP
i.e Non Tax Receipts Portal has been started from 16th
February, 2016 and this is a great step towards Hon’ble PM’s Digital India
Initiative. It facilitates online receipt of Non Tax Receipts for GoI
Departments/Ministries. 24,277 credits have been received for Rs.77565.53
crores upto 30.11.2016. - One
stop Government e –Market place (GeM) which facilitates online procurement
of common use Goods and Services required by various Govt.
Departments/organizations/PSUs is integrated with PFMS for facilitating
the e-payment of bills received online through GeM portal by the respective
Pay and Accounts Offices. - PFMS
treasury integration is currently operational in 12 states and integration
process has been initiated in other states also. It is expected to be
completed by 31st March 2017.
New Initiatives/
Achievements under Internal Audit
·
The
Controller General of Accounts (CGA) has developed a risk based control
framework in the form of Generic Internal Audit Manual to guide the internal
audit engagements. The manual not only explain the complexities associated with
the internal audit functions but also facilitates the entire process by
providing audit process, templates and guidelines.
·
The
work of development of 2nd version of the Generic Internal Audit Manual in
association with the Institute of the Internal Auditors (IIA) India has also
been commenced in November, 2016. The revised Generic Internal Audit Manual
will be developed as per International Professional Practices Framework (IPPF).
The revised version will also include recommendations made by the Ministry of
Women and Child Development to include the guidelines on Gender Audit of
policies, Programmes and Schemes of the Government of India.
·
A
directional shift in the scope and approach of internal audit has been
initiated by the organization by infusing two concepts- “Risk Assessment” and
Performance Evaluation” for strengthening financial management and internal
controls. The line Ministries are being encouraged to plan the audit
assignments by adopting the Risk Based Auditing approach. Risk Based Audit in
selected Ministries is being conducted on pilot basis.
·
The
organization is also focusing on the use of Computer Assisted Audit Tools for
more transparency and accountability. electronic Risk Assessment Software (e
RAS), a diagnostic tool for internal audit has been developed in collaboration
with NIC. This diagnostic tool [e RAS] is not only helpful to the audit in
planning, sampling and conducting the audit efficiently but it is also helpful
to the management / stakeholders to have a review of the functioning of their
entities [PAOs only] in their offices instead of visiting these offices located
at different places in different states.
·
The
organization is regularly reviewing the performance of the internal audit units
of the line Ministries/Departments. The Annual Review on the performance of
Internal Audit Wings of Civil Ministries depicts the information on different
shortcomings of the Civil Ministries in the form of observations. The Annual
performance reports of the different Ministries/Departments are analyzed and
summarized by the Internal Audit Division for the purposes of brevity and ease
of presentation. The outcome of Internal Audit through recoveries
effected in pursuance to the observations of the Internal Audit is also
included to reflect the impact of Internal Audit.
·
The
Annual Review for the year 2015-16 of Internal Audit conducted by the field
units of the organization in the Civil Ministries/Departments have been
submitted to Ministry of Finance. The audit findings have been quantified on
the basis of financial implications and constitute an amount of Rs.85392.20
crore under the following categories:-
|
Sl. No.
|
Nature of
|
Amount
|
|
1.
|
Cases
|
53610.67
|
|
2.
|
Cases of over payment
|
193.27
|
|
3.
|
Idle
|
94.27
|
|
4.
|
Loss/Infructous
|
1051.14
|
|
5.
|
Irregular Expenditure
|
2651.09
|
|
6.
|
Irregular Purchase
|
115.39
|
|
7.
|
Cases of
|
424.47
|
|
8.
|
Blocking of Govt.
|
6185.98
|
|
9.
|
Non-accountal of
|
44.18
|
|
10.
|
Any other items of
|
21021.74
|
|
|
Total
|
85392.20
|
·
The
committee constituted by the organization to examine the draft Gender Audit
Guidelines as circulated by the Ministry of Women & Child Development so as
to recommend the framework / roadmap for the conduct of Gender Audit of Schemes
of the Government of India has submitted its final report in October, 2016. The Committee examined the feasibility of including Gender
Audit as one of the parameters for Risk Based Internal Audit of Schemes with an
initial focus on 10% women specific schemes. The work of gender sensitization
of the Generic Internal Audit manual based on the recommendations of the
Ministry of Women & Child Development has been integrated with the project
of up gradation of the Generic Internal Audit Manual by the Institute of
Internal Auditors (IIA) – India.
·
A Study Team headed by Joint Controller General of Accounts was
constituted vide Ministry of Finance, Department of
Expenditure OM. No. 2(2)PF-I/2010/Vol-II dated 14.1.2016, to visit North East
States to understand the issues confronting utilization of Central funds
implementations of Schemes and to get an overview of expenditure management.
The Study Team visited four States viz. Mizoram, Tripura, Manipur and Nagaland.
The main findings of the Study Team have been submitted to Ministry of Finance.
·
A
Memorandum of Understanding (MOU) has been signed between Office of Controller
General of Accounts and Institute of Internal Auditors (IIA)-India. The MOU is
made at New Delhi on the 14th day of September, 2016. The MoU is an
expression of convergence between the Office of CGA and IIA-India to establish
cooperative processes within their areas of competence on the following:-
a)
Sharing information and best practices, including
those related to activities of internal auditors of government institutions and
organization and their interaction;
b)
Exchanging analytical materials in the field of
improving the system of internal auditing, and other pertinent information of
mutual interest; for this purpose. The parties will establish the structure,
format and procedures for data and information sharing;
c)
Exchanging initiatives with regard to the
advancement of internal auditing in state institutions and organizations;
d)
Co-operating in the field of professional education
and training with the aim to have qualified internal auditors in civil
ministries of Government of India.;
e)
Developing proposals on making improvements to
internal audit activities in Government institutions and organizations,
including the process of encouraging internal auditors to attain recognized
professional qualifications;
f)
Exchanging experience in the field of audit
methodology, including application of the international standards for the
professional practices of Internal Auditing;
g)
Co-operating within their areas of competence in
other areas of mutual interest; and
h)
Encouraging cross-country experiences through
international exchanges.
·
Based on the recommendations of the Seminar on ‘Enhancing
Effectiveness of Internal Audit: Issues & Challenges’ which was organized
by the organization on 24th November, 2015, an advisory has been
issued by the Ministry of Finance to all Secretaries and Financial Advisers for
carrying out a special drive for the clearance of the 1.18 lakh outstanding
internal audit paras. The organization has put in place a monthly monitoring
system for clearance of these outstanding internal audit paras.
·
The
Ministry of Finance has been requested to consider issuing an Advisory to all
civil ministries/departments to include settlement of Internal Audit Paras as a
Part of the mandate of the Standing Audit Committees (SACs) constituted by
Ministries/Departments to strengthen the effective of Internal Audit and
settlement of the outstanding audit paras.
·
The
major constraints however continue to be the staff shortage in the Internal
Audit. Consequently out of 5349 units due for audit in 2015-16, only 1955 units
could actually be audited. The revised proposal for the augmentation of 475
posts for Internal Audit in line Ministries is awaiting approval of the
Ministry of Finance.
Other
Achievements of DOE :
Some
major policy initiatives/achievements/highlights of the year relating to this
Department are as under:
1.
Bhavishya Portal: – This
Department along with the attached/subordinate offices have started the
processing of pension cases though the Bhavishya Portal.
2.
PGRAMS: The Centralized
Public Grievances Redressal and Monitoring System (CPGRAMS) has been
effectively implemented in this Department and a total number of 4475 out of
4508 grievances have been successfully redressed/disposed off so far. Further,
Department of Expenditure has been selected for issue of Certificate of
Recognition from the DARPG in the Category B for the 2nd quarter of
2016 for performance on CPGRAMS.
3.
Swachhta Abhiyan: This
Department has undertaken the Swachhta Abhiyan Pakhwada for a period of 15 days
during the month of November, 2016 and has undertaken various cleanliness
activities alongwith an essay writing competition on “How to keep the workplace
clean and hygienic with change in behavioural pattern of officials”.
4.
Demonetization Workshop:
Department of Expenditure organized Workshop on 28.11.2016 on us of Mobile
banking/ E-Banking for the staff/officials of the Ministry of Finance in which
representatives of SBI, PNB and RBI gave presentations regarding use of mobile
banking/e-banking Technology for cashless transactions. The said workshop was
attended by the Minister of Finance along with the officers /staff of all the
Departments of Ministry of Finance.
5.
Implementation of e-Office: This Department has started the
implementation of e-Office, a Mission Mode Project in a phased manner and is
being implemented in the attached/subordinate offices as well.
Web Based Audit
Para Monitoring System (APMS)
On the recommendations of
the Public Accounts Committee (PAC), Audit Para Monitoring System (APMS) has
been implemented for computerized monitoring of the pendency of Action Taken
Notes (ATNs) of C&AG Paras at various stages. The application facilitates
the submission/vetting of ATNs by their uploading on the portal at every
stage. As a result of regular training to the officials, now all
Ministries/Departments are on board the APMS portal. In view of this, it has
now been decided to dispense with the requirement of submission of hard copies
of ATNs to the Lok Sabha Secretariat (PAC Branch).
Another centralized computerized
online monitoring system to check the status of the preparation and submission
of the Explanatory Notes at every stage by various Ministries/ Departments has
been developed & operationalized in consultation with
the Office of Comptroller and Auditor General of India in pursuance to the
recommendations contained in Para-8 of the 92nd Report of Public
Accounts Committee (15th Lok Sabha).
The Office of
Chief Advisor Cost (CAC):
It
advises the Ministries and Government Undertakings on cost accounts matters and
undertakes cost investigation work on their behalf. It is a professional agency
staffed by Cost Accountants/Chartered Accountants.
Till
November 2016, a total number of 8556 studies/reports were completed by the
office of Chief Adviser Cost out of which 52 reports were completed during the
year 2016 (up to 30th Nov.2016). The studies completed during the
year varied widely in nature and may be broadly categorized under the following
heads:
(i)
System Study
a) Fixation of Common Hourly Rates and Overhead percentages in
respect of Government of India Presses at Mysore Temple Street, Kolkata, Minto
Road-Delhi, Nilokheri, Aligarh, Koratty-Kerala , Rashtrapati Bhawan,
Chandigarh and Nasik for various years.
b) Fixation of Overhead rate in respect of sale price of Hydrogen gas
manufactured at Hydrogen Factory, Agra for the year 2011-12 & 2013-14
(ii)
Fair selling price of products/service
where Government/ Public Sector Undertaking is the Producer/ Service provider
as well as the user
a)
Fixation of fair price of DDT 50% supplied by HIL to NVBDCP for
the year 2013-14, revision of fair price of DDT 50% for the years 2014-15 and
provisional price for the year 2015-16.
b)
Fixation of Currency Notes produced by Currency Note Press (CNP)
at Nashik to RBI during the year 2011-12 & 2012-13.
c)
Fixation of fair price of Notes supplied by BNP, Dewas and
supplied to RBI during the year 2011-12 & 2012-13.
d)
Fixation of fair Price of Opium Procurement for the year 2016-17
e)
Fixation of Fair Price of Bed durries supplied by WDO during Year
2010-11.
f)
Fixation of Fair Price of Barrack Blankets supplied by WDO during
Year 2010-11
g)
Fixation of Fair Price of Coins supplied by India Govt. Mints at
NOIDA, Kolkata, Hyderabad & Mumbai to RBI during the year 2014-15.
h)
Fixation of Fair Price of rails supplied by SAIL-BSP to Indian
Railways during the year 2014-15.
i)
Fixation of Fair Selling Price of the year 2015-16 in respect of
Tear Gas Gun and Multi Barrel Launcher manufactured by CENWOSTO, BSF, Tekanpur
Gwalior.
j)
Vetting of prices of Ayurvedic/Unani Medicines supplied by M/s
Indian Medicines Pharmaceutical Corporation Limited (IMPCL) for the pricing
period 2014-15.
k)
Cost study of weekly Oral
Contraceptive Pills (OCPs) “Saheli” manufactured by M/s HLL Life Care Ltd.
(iii) Fixation of service charges
for the services rendered by a Govt. Department/Agency on behalf of the other
a) Vetting of claims under Market Intervention Scheme (MIS) for
Procurement of C Grade Apples in Himachal Pradesh for the 2014 season.
(iv)
Determination of subsidy
a) Vetting
of claims of NAFED for Price Support Scheme(PSS) for Pulses ( Urad) Kharif
2011
b) Vetting
of Cost incurred on Socio Economic and Caste Census 2011 project by BEL, ECIL
& ITI Ltd.
c) Vetting
of Duties and Taxes for procurement of Tablet PC and other Accessories by M/o
Rural Development from BEL for the period from 2010-11 to 2012-13.
d) Vetting
of subsidy claim submitted by Projects and Equipment’s Corporation of India Ltd.
in respect of sale of pulses.
e) Vetting
of subsidy claim submitted by State Trading Corporation of India Ltd. (STC) in
respect of sale of pulses.
f) Payment
of Subsidy to Northern Railway Catering Unit functionality in Parliament House
Complex for the year 2014-15.
(v) User Charges
a)
Review of User Charges of Central Board
of Film Certification.
b)
Fee and user charges in respect of
Indian Grain Storage Management and Research Institute (IGMRI), Hapur, (U.P).
c)
Review of User Charges of Indian
Institute of Legal Metrology (IILM), Ranchi.
d)
Fee and User Charges in respect of
National Institute of Siddha, Chennai.
e)
Revision of Storage Charges payable by
FCI to CWC for the year 2013-14.
f)
Revision of special party rates hosted
by LSS/RSS & MPs in Parliament House.
g)
Fee and User charges in respect of
National Sugar Institute, Kanpur.
(vi) Other studies
a)
Valuation of compensation for “Mine
Infrastructure” of 52 Coal Blocks.
b)
Cost
study of different Programs conducted by NIFM, Faridabad.
Seventh Pay
Commission- Approval of recommendations:
The Seventh
Central Pay Commission (CPC) submitted its Report on the structure of
emoluments, allowances, conditions of service and retirement benefits of
Central Government Employees on 19th November’16. The Cabinet
approved the proposal for implementation of recommendations of 7th
CPC on pay, pension and related issues in the meeting held on 29.06.2016. Based
on the decisions of the Government, the Resolution and the Central Civil
Services (Revised Pay) Rules, 2016 have been issued on 25.07.2016. The arrears
on account of implementation of 7th CPC recommendation have been
paid in the year 2016-17.
Fiscal Status of
States:
As
recommended by Fourteenth Finance Commission (FFC) for its award period
(2015-20), net borrowing ceilings of the States for the year 2016-17 at Rs. 4,29,353
crore have been fixed anchoring the Fiscal Deficit target of 3% of respective
States’ Gross State Domestic Product (GSDP).
Consequent
to the recommendation of FFC, the Union Government has approved on 06.04.2016
year-to-year flexibility for additional fiscal deficit to States for the period
2016-17 to 2019-20 to a maximum of 0.5% over and above the normal limit of 3%
in any given year to the States subject to the States maintaining the debt-GSDP
ratio within 25% and interest payments-revenue receipts ratio within 10% in the
previous year. However, the flexibility in availing the additional fiscal
deficit will be available to State if there is no revenue deficit in the year
in which borrowing limits are to be fixed and in the immediate preceding year.
Additional Borrowings Limit of Rs. 10918 crore has been allowed to six states
in 2016-17 on this account.
The
Central Government has simplified the consent mechanism for Open Market
Borrowings (OMBs) under Article 293(3) of the Constitution for all States. The
simplified procedure will ensure that consent under Article 293(3) is issued
only on three occasions during the year, one in the month April for first nine
months after fixation of borrowings ceilings, second in the month of December
for the first two months of the fourth quarter and last in the month of March
after the assessment of actual borrowings by the States. Till now, the States
were required to obtain quarterly consent from the Central Government for
raising OMBs within their Net Borrowing Ceiling (NBC).
The
Central Pension Accounting Office (CPAO):
It
was established w.e.f. 1st Jan, 1990 for Payment and Accounting of
Central (Civil) Pensioners and Pension to Freedom Fighters etc.
Achievements/
Initiatives
The
primary function of CPAO is to issue SSAs to the CPPCs of Banks in fresh and
revision of pension cases. In 2015-16 highlights are as follows: –
· In
2015-16; 34,407 and 1, 39,927 authorities were issued in fresh and revision pension
cases respectively. In 2016-17, till 1st Dec, 2016; 24,959 and 1,
01,954 authorities were issued in fresh and revision pension cases
respectively.
· As
per DP&PW OM dated 6th Apr, 2016: Delinking of revised pension
from qualifying service of 33 years; as on 1st Dec, 2016; 63,171
cases have been revised out of 89,481 cases due for revision as per CPAO data
base.
·
Paperless
movements of digitally signed e-Revision Authority from Central Pension
Accounting Office (CPAO) which was started as pilot in 4 Banks i.e. SBI, CPPC,
Chandni Chowk, PNB, Bank of Baroda and Canara Bank has now been rolled out in
23 banks resulting in saving of time and operational cost and improvement in
efficiency.
·
To
make Digital India Mission of the Government successful, the pensioners have
been made aware of the benefits of Aadhaar seeding in their accounts.
Consequently, a considerable number of pensioners (about 84 percent) have got
seeded their Aadhaar numbers with their pension accounts & PPOs and they
are in position to avail the facility of getting their life authenticated on
line by using digital life certification(Jeevan Pramaan) in case they desired
to do so.
·
Life
Certificate format for the pensioner has been modified and provision for
acknowledgement by the bank has been introduced. Further, the bank has to
mention submission of Life Certificate by the pensioner in the payment scrolls
to CPAO to enable monitoring of the same. This year to avoid the hardship to
pensioners in interacting with bank branches due to demonetization, the last
date of submission of Life Certificate has been extended to 15th Jan
2017.
·
As
a step towards making pensioner better informed and empowered, facility of
informing pensioner through SMS of receipt of fresh Pension Payment
Order/Revision Cases from the PAO at CPAO and sending Pension Payment Order
(Special Seal Authority) to banks for arranging payment has been provided to
those pensioners who have provided their mobile numbers. As a result,
pensioner can easily track the movement of their pension case. This is in
addition to already available facility on the website of CPAO (www.cpao.nic.in) to pensioner to track their pension
processing status at CPAO by providing 12 digit PPO number.
·
CPAO
in now running fully functional Grievance Redressal Mechanism (GRM) and a
pensioner can lodge grievance through telephone on Toll Free No, website,
e-mail, letters or personal visit. The queries and grievances of pensioners
are attended on highest priority by qualified personnel. In 2015-16; total
59,902 grievances received & settled whereas in 2016-17, till Nov, 2016
total 52,125 grievances have been received & settled.
·
Link
to Jeevan Pramaan Portal has been provided on CPAO website to enable pensioners
to use facility of Digital Life Certificate. For retiring employees, a link has
been established with Bhavishya Portal of DP&PW to enable them to track
status of their pension cases even before the case reaches CPAO. A link to
CPENGRAMS (Centralized Pension Grievance Redress and Monitoring System) has
also been provided so as to enable pensioners to lodge and track their
grievances on CPENGRAMS.
·
Download
facility of Special Seal Authority (PPO) from CPAO’s website by using login and
password provided by CPAO has been given to pensioners. Consequently, they
need not separately approach CPAO to provide copies of their SSAs issued to the
banks. This facility ensures digital presence and availability of records for
pensioner.
·
All
Banks have confirmed payment of revision pension & arrears of Pension for 7th
CPC for about 9.10 Lakhs pensioners. CPAO is also compiling the information
separately based upon the e-scrolls received from banks.
·
CPAO
conducted internal audit of 30 units during 2015-16 which exceeded the previous
three years total combined number of audits. The total 414 pending internal
audit paras have been settled till Nov, 2016. (highest so far)
·
Against
approved time schedule of 21 days, new PPOs issued in average 15 days and
revision in average 10 days in 2015-16.
·
CPAO
has cleared the suspense balance under various heads amounting to Rs.854.74
Crores out of total suspense balances to Rs.862.08 Crores till the month of
Sep, 2016.
Developmental Schemes:
·
In
respect of development schemes and projects, the focus has been on improving the
quality of development expenditure through better project formulation, eMphasis
on outputs, deliverables, impact assessment, projectisation (Mission approach)
and convergence.
·
During
the period from 1st January, 2016 to 30th November, 2016,
the Expenditure Finance Commission (EFC) chaired by Finance Secretary and
Secretary (Expenditure) recommended 29 Investment proposals/schemes of various
Ministries/Departments costing Rs. 2,11,049 crores
·
Also
during the period, Public Investment Board (PIB) chaired by Secretary
(Expenditure) considered and recommended 82 proposals involving an amount of
Rs. 28,673 crores as per the following details:
|
Sl.
|
Ministry/Department
|
No.
|
Project
|
|
1
|
Ministry
|
3
|
8,612
|
|
2
|
Ministry
|
1
|
1,799
|
|
3
|
Ministry
|
1
|
6,461
|
|
4
|
Ministry
|
1
|
2,254
|
|
5
|
Ministry
|
1
|
7,291
|
|
6
|
Department
|
1
|
2,256
|
|
Total
|
12
|
28,673
|
|
·
Plan
Finance II also deals with financial restructuring of Central PSUs on the
recommendation of Bureau for Restructuring of Public Sector Enterprises
(BRPSE). It is also actively involved in working out modalities of financial
assistance to CPSEs, quantification of I&EBR generation for preparation of
budget, finalizing, modernization of plants & equipments to ensure more
efficiency in production. It is also Secretariat of National Clean energy fund.
·
Issues
relating to food, Fertilisers and Petroleum Subsidies including their
quantification and extension of assistance to the Stake holders are also dealt
with in Plan Finance II Division. This division is actively involved along
with the concerned Department/Ministry, in shaping subsidy policy of the
Government as to ensure effective targeting coupled with minimum burden on the
Government.
·
In
August 2016, guidelines regarding Appraisal and Approval of Public Funded
schemes and Projects and flexi-funds were revised.
*****
DSM/MS/AK
