The exact bid auctioned and their location, security amount should be applicable terms and conditions of the indicated in the bidding sale etc. If a bid is e In case the total quantity to be accepted, earnest money not less disposed of cannot be taken than twenty-five per cent. The iv losses due to damage, and goods should be handed over to the v losses due to extra ordinary situations successful bidder only after receiving under Force Majeure conditions like the balance payment.
The team should however include an officer of the Internal Finance Wing of the department Rule Disposal at scrap value or by other modes. If a Ministry or Department is unable to sell any surplus or obsolete or unserviceable item in spite of its attempts through advertised tender or auction, it may dispose of the same at its scrap value with the approval of the competent authority in consultation with Finance division.
In case the Ministry or Department is unable to sell the item even at its scrap value, it may adopt any other mode of disposal including destruction of the item in an eco-friendly manner. Rule A sale account should be prepared for goods disposed of in Form GFR 11 duly signed by the officer who supervised the sale or auction. Rule 1 Powers to write off. All profits and losses due to revaluation, stock-taking or other causes shall be duly recorded and adjusted where necessary.
Formal sanction of the competent authority shall be obtained in respect of losses, even though no formal correction or adjustment in government accounts is involved. Powers to write off of losses are available under the Delegation of Financial Powers Rules. Rule 2 Losses due to depreciation : Losses due to depreciation shall be analysed, and recorded under following heads, as applicable :- I normal fluctuation of market prices; ii normal wear and tear; iii lack of foresight in regulating purchases; and iv negligence after purchase.
Rule 3 Losses not due to depreciation : Losses not due to depreciation shall be grouped under the following heads :- I losses due to theft or fraud; ii losses due to neglect;.
Conditions of Contract GCC , Rule 2 All the contracts and assurances of Special Conditions of Contract property made in the exercise of the SCC and scope of work, the executive power of the Union shall be letter of acceptance will result in a executed on behalf of the President.
The binding contract. If however, Ministry of Law from time to time. Rule General principles for contract. The terms should not involve an v No work of any kind should be uncertain or indefinite liability, except commenced without proper execution in the case of a cost plus contract or of an agreement as given in the where there is a price variation clause foregoing provisions. Non- modifications as are considered fulfilment of this condition of executing necessary in respect of individual a contract by the Contractor or contracts.
The modifications should Supplier would constitute sufficient be carried out only after obtaining ground for annulment of the award financial and legal advice. Where such contracts drafting the clauses in the contract. In short-term contracts beyond the scheduled Delivery firm and fixed prices should be Date subject to levy of liquidated provided for.
Where a price damages as provided in the variation clause is provided, the Contract, the liquidated damages price agreed upon should specify if a percentage of the price will the base level viz, the month and be applicable on the price as year to which the price is linked, varied by the operation of the to enable variations being Price variation clause.
Scheduled Delivery Date for b A formula for calculation of the defaults on the part of the price variations that have taken supplier. Delivery Date, by specific The variations are calculated by alteration of that date through an using indices published by amendment to the contract in Governments or Chambers of cases of Force Majeure or defaults Commerce periodically.
An by Government. It could element taken into account in the be a percentage per annum or an calculation of the price of the overall ceiling or both. The buyer imported item. Where lump sum other effects involved should be contracts become unavoidable, full examined and recorded and justification should be recorded. The specific approval of the contracting authority should ensure authority competent to approve that conditions in the lump sum the revised financial and other contract adequately safeguard and commitments obtained, before protect the interests of the varying the conditions.
Only in exceptional contract for periodical physical circumstances to be justified by verification of the number and the procuring entity in writing, an physical condition of the items at exemption from such provision can the contractors premises. Results be made. Any above, and of all rate and running goods repaired or replaced by the contracts entered into by civil supplier shall be delivered at the departments of the Government other buyers premises without costs to the than the departments like the buyer.
Rule Management of Contracts. Monitoring should include a monthly review of all Bank Guarantees or other instruments expiring after three months, along with a review of the progress of supply or work.
Extensions of Bank Guarantees or other instruments, where warranted, should be sought immediately. Rule Legal Advice. The draft of the plaint for arbitration should be got vetted by obtaining legal and financial advice. Documents to be filed in the matter of resolution of dispute, if any, should be carefully scrutinized before filing to safeguard government interest. The be given to a person or a public body or an Ministry or Department should institution having a distinct legal entity.
Act, or other statutes. If the corpus is created out way of scholarships or stipends to the of internal accruals of the body, students. This and sports activities as recreational exercise should preferably be avenues. Autonomous Organisations referred to vii All Autonomous Bodies should under Rule a :- maintain database relating to grants, i No new autonomous institutions income, expenditure, investment should be created by Ministries or assets and employee strength in the Departments without the approval of format prescribed by the Department the Cabinet.
The financial autonomous body can be created with limits up to which such concurrence is prior approval of the administrative mandatory may be drawn up by each ministry in consultation with Ministry organisation.
The Chief Executive of Finance. Officer of the Autonomous body will be responsible for overall financial. The roadmap for organisations under review. Further work on a contract basis, have releases of Grant after three or five been taken into account in years, as the case may be , should be determining staff strength; and made conditional on conduct and whether scientific or technical decisions on the findings of such peer personnel are being deployed on review.
Articles of Association, bye-laws, audited Grant or each instalment of it, is to be statement of accounts, sources and spent. Rule 5 Central Autonomous Organisations enabling the sanctioning authority to which receive Grants should account for assess the suitability of the Institution or capital and revenue expenditure Organisation seeking Grant. The separately. The Government of India, application should clearly spell out the Ministry of Finance has formulated need for seeking Grant and should be standard formats for presentation of final submitted in such form as may be accounts, for all Central Autonomous prescribed by the sanctioning authority.
All Grant sanctioning The Institution or Organisation seeking authorities should enforce the condition of Grants-in-aid should also certify that it has maintaining and presenting their annual not obtained or applied for grants for the accounts in the standard formats on all same purpose or activity from any other Central Autonomous Organisations. These details should also financial year, particularly where Grants be made available on the website of the are given on recurring basis every year.
Rule 7 Unspent Balances: When recurring Rule 3 Award of Grants should be considered Grants-in-aid are sanctioned to the same only on the basis of viable and specific Institution or Organisation for the same schemes drawn up in sufficient detail by purpose, the unspent balance of the the institution or organisation. The budget previous Grant should be taken into for such schemes should disclose, inter account in sanctioning the subsequent alia, the specific quantified and qualitative Grant.
In the cases of the schemes where take help of PFMS Portal to know the bank Grants are given as part of the expenditure balance of the recipients before making on reimbursement basis i. The principles of just in time Financial Assistance CFA and no release, should be applied for releases in Utilization Certificate shall be required in respect of all payments to the extent such cases of reimbursements. The following broad principles Rule 4 Recurring Grant is defined as one shall be adhered to: which is released periodically to the same i Cash balance at a time should organization for the same purpose.
Non- preferably not be more than 3 months recurring Grant is one time release to an of requirements organization for a special purpose which ii Funds should be released as per could be released in instalments. Every actual requirements and that sanction order sanctioning a Grant shall indicate may precede the release of funds, whether it is recurring or non-recurring though its validity may be limited to and specify clearly the object for which it is that financial year.
In Rule 8 All interests or other earnings against the case of non-recurring Grants for Grants in aid or advances other than specified object, the order shall also reimbursement released to any Grantee specify the time limit within which the institution should be mandatorily remitted.
Such advances should not be Organisations which receive more allowed to be adjusted against future than fifty per cent. In exceptional unserviceable or condemned in cases relaxation may be made in accordance with the procedure laid down consultation with the Ministry of in the General Financial Rules, shall not be Finance.
However, the release of undertaking liability on their own or the last instalment of the Annual Grant Government account. In such the specified objectives and expenditure cases suitable record of details of location, incurred supported by Audited Statement cost, name of lessee and terms and of Expenditure. In these cases, the grantee conditions of lease must be maintained in institutions will not be required to submit the records of the granting Ministry or Utilization Certificates.
In all cases of buildings Rule 11 In order to finalize the Budgetary constructed with Grants-in-aid, Estimates of Grants in aid to the Grantee responsibility of maintenance of such Institutions, the Ministry or Department buildings shall be of the Grantee Institution should impress upon Institution or or Organisation.
Organisation desiring Grants from Rule 14 Any other special terms and Government, to submit their requirement conditions or procedures for transaction of with supporting details by the end of business as Government may desire to be September in the year preceding the year followed by the Grantee Institution or for which the Grants-in-aid is sought. The Organisation, shall be got incorporated in Ministry or Department should finalize the Articles of Association or bye-laws of their examination of the requests with the the Institution or Organisation concerned utmost expedition and make the necessary before release of Grants-in-aid.
Budget provision where it is decided to Rule 15 Grants-in-aid may be sanctioned to sanction Grants. The Institution or meet the bonafide expenditure incurred Organisation should be informed of the not earlier than two years prior to the date result of their requests by April of the of issue of the sanction.
Rule 16 The stipulation in regard to refund of. In than twenty persons on a regular exceptional cases such Grants can be basis and at least fifty per cent of considered for sanction in consultation its recurring expenditure is met with Internal Finance Wing.
The relative provision may comply with the conditions or be on the following lines :- committing breach of the conditions of.. Name of the Bond, the signatories to the Bond Institution or Organization etc. The stamp duty for ii While sanctioning Grants-in-aid to this Bond shall be borne by the Institutions or Organisations referred Government.
A periodic review of outcome targets with provisions for every Centrally Sponsored Scheme periodic monitoring, mid-term should be undertaken for any required evaluation and detailed impact mid-course correction or changes in studies. States should be delegated be undertaken by the State adequate powers to change the Government s or Union Territories details of the schemes to suit local implementing the scheme, conditions, subject to reporting such highlighting the time and cost changes to the concerned Ministry or overruns, if any, and suggestions for Department.
A copy of the review should similar objectives targeting the same be obtained by the Ministry concerned population, the schemes should be and kept in view while formulating converged. Normally the entire Governments and monitoring further expenditure on such projects or utilisation should be undertaken schemes including capital through PFMS. The Ministries or expenditure, is funded by the Ministry Departments should establish a or Department.
The funds released for mechanism to ensure that the funds such projects or schemes in one or earlier released have been effectively more installments are not treated as utilised and that the data and facts Grants-in-aid in the books of the reported by the State Governments or implementing agency.
Apart from the Union Territories relating to physical requirement of submission of and financial performance are technical and financial reports on correct.
Before releasing further completion of the project or scheme, a funds, it should also be ensured that stipulation should be made in such the State Governments or Union cases that the ownership in the Territories have the capacity to actually physical and intellectual assets spend the balance from the previous created or acquired out of such funds years and the releases during the shall vest in the sponsor.
While the current year. Project or Scheme is ongoing, the recipients should not treat such assets vi The Ministries or Departments should as their own assets in their Books of focus attention on the attainment of Accounts but should disclose their the objectives and not on expenditure holding and using such assists in the only.
A mechanism for avoiding Notes to Accounts specifically. These the assets at the book value in their audited statements of accounts should be own accounts. A Register of Grants the Grants-in-aid or whenever called for. The serial number should provision to this effect should invariably be be recorded on the body of the incorporated in all orders sanctioning sanction at the time the item is entered Grants-in-aid.
The bill should then be loans to the institution in a financial submitted to the Gazetted Officer year are not less than Rupees twenty- nominated to act as Drawing and five lakhs and also not less than Disbursing Officer with the register for seventy-five percent of the total signing the bill and to the sanctioning expenditure of the Institution.
The authority for giving dated initials in accounts may also be audited by the column viii of Register. It should also Comptroller and Auditor General of be the duty of the sanctioning India if the Grants or loans in a authority to verify that the conditions, financial year are not less than Rupees if any, attached to the Grant have one crore.
Where the accounts are so been duly accepted by the Grantee audited by the Comptroller and without any reservation and that no Auditor General of India in a financial other bill for the same purpose has year, he shall continue to audit the already been paid before. No bill accounts for a further period of two should be signed unless it has been years notwithstanding that the noted in the Register of Grants against conditions outlined above are not the relevant sanction.
This will also fulfilled. Institution or Organisation or. They should CAGs DPC Act, , to scrutinize contain an output based performance the procedures by which the assessment instead of input based sanctioning authority satisfies itself as performance assessment. Receipt of such books and accounts of that Institute or certificate shall be scrutinised by the Organisation or authority.
Ministry or Department concerned. Where Rule 3 In all other cases, the Institution or such certificate is not received from the Organisation shall get its accounts audited Grantee within the prescribed time, the from Chartered Accountants of its own Ministry or Department will be at liberty to choice. General of India is the sole auditor for a local Body or Institution, auditing charges Rule 2 In respect of recurring Grants, Ministry will be payable by the auditee Institution in or Department concerned should release full unless specifically waived by any amount sanctioned for the subsequent Government financial year only after Utilization Certificate in respect of Grants of Rule Time Schedule for submission of preceding financial year is submitted.
In respect of incurred on the basis of duly audited non-recurring Grants to an Institution or accounts. In such cases the sanction letters Organisation, a certificate of actual should specify clearly that the Utilization utilization of the Grants received for the Certificates will not be necessary. These shall be Rule State Government to submit Utilization treated as unutilized Grants allowed Certificate when expenditure incurred to be carried forward. While recording the through local bodies.
When Central Grants in the subsequent year the amount Grants are given to State Governments for carried forward shall be taken into expenditure to be incurred by them account. In case should include in their Annual Report a of the schemes covered under Direct statement showing the quantum of funds Benefit Transfers DBT , where the fund provided to each of those organizations flow is directly from the Central and the purpose for which they were Government to the beneficiaries, the utilized, for the information of Parliament.
In regard to non-recurring Grants nine months of the close of the succeeding such as those meant for celebration of financial year of the grantee anniversaries, conduct of special tours Organisations. When Central Grants are obtained. In the case of recurring Grants, implementation of Central Scheme, submission of achievement-cum- Utilization Certificate in format GFR C performance reports should usually may be submitted by the State be insisted upon in all cases.
However, Government in respect of the Scheme. The in the case of Grants-in-aid not. When an reports and should, in that event, refer allotment for Discretionary Grants is to the Utilization Certificates and placed at the disposal of a particular other information available with it to authority, the expenditure from such decide whether or not the Grants-in- Grants shall be regulated by general or aid should continue to be given.
Such required to be laid on the table of Discretionary Grants must be non- the Parliament. In such cases, the recurring and not involve any future Ministries or Departments of commitment. Central Government need not Rule Other Grants.
Grants, subventions, etc. Grants-in-aid for provision of Central Government should amenities or of recreational or welfare include a statement in their facilities to the staff of the offices of the Annual Report of their own Government are regulated under assessment of the achievements orders of the Ministry of Home Affairs or performance of the Institution issued from time to time.
The or Organisations. The Grant in aid will be admissible on include in their Annual Report a the basis of the total strength borne on review of the utilization of the the regular strength of an Grants -in-aid individually, organization, i. Where the accounts of the Grantee irrespective of the fact whether any Institutions or Organisations are individual is a member of the staff audited by the CAG of India copies of club, etc.
However, Grant-in- the performance-cum-achievement aid in respect of Gazetted Officers will reports, furnished by the grantee be admissible only to that Ministry or Institution to the Administrative Department or Office where Ministry or sanctioning authority membership of recreation club is open should be made available to audit.
In to such officers. Staff sanctioning authority should be made eligible for similar concession under available to audit when local audit of some other rule or statutory provision, such Grants-in-aid in the e. In addition to 3. Grants-in-aid to the Ministry or this, an additional Grant-in-aid up to Departments of the Central Rupees twenty-five per head per Government and their Attached and annum to match the subscriptions Subordinate Offices will be allocated collected during the previous financial by the concerned Ministry or year by the existing staff clubs will be Department on receipt of formal admissible.
In the case of staff clubs requests in the prescribed manner. For which are started during the financial the purposes of these Grants-in-aid, year in which Grant-in-aid is to be the Departments of the Central given, an additional matching grants- Government and their attached and in-aid up to Rupees twenty-five per Subordinate Offices will be treated as head per annum, to match the a single unit.
It will be the responsibility subscription collected by such clubs up of that Ministry or Department to to the date on which the proposal for distribute the amount further to its the Grant is mooted, may be Attached and Subordinate Offices and sanctioned. The total strength of the to their different clubs. The accounts of eligible staff will be that existing on the these clubs for the preceding year duly thirty-first March of the previous audited by an Internal Auditor should financial year or that on the date on be obtained immediately after the which proposal for Grant is mooted in close of the financial year in any case the case of new staff clubs above by the thirtieth April by the Ministry or rates, as revised from time to time will Department before allocating funds apply.
Grants-in-aid for the provision of expenditure can be incurred out of amenities or recreational or welfare Grants-in-aid sanctioned by facilities to the staff of the Indian Audit Government for provision of and Accounts Department are amenities is given below: regulated by separate orders i Articles of sports Outdoor and indoor games equipment II.
Rule The rules in this Section shall be observed iii Magazines and periodicals. The powers of Departments ix Entertainments. Administrators as well as other xi Film shows. Powers Rules and other general and special orders issued under that rule. Rule 2 Nodal Division in Ministry of Finance. The Budget Division, xiv Inter-Ministerial meets. A maximum one time Grant of Rupees Ministry of Finance to finalise terms and conditions of loans by the Central Government. Rule All sanctions of loans issued by a date by fourteen days or less, interest Department of Central Government or an for the full period half-year or full Administrator of Union Territory in exercise year, as the case may be shall be of their powers under the relevant payable.
If an instalment of relating to them including the terms and principal or interest is payable on the conditions of their repayment and thirty-first March of a year, and if that payment of interest.
Modifications of these In case, the due date for the terms can be made subsequently only for repayment of a loan or payment of very special reasons and after seeking interest falls on a holiday observed by prior concurrence of Ministry of Finance. The terms may, in always to be made with reference to very special cases, extend to thirty the calendar date on which the loan in years. However, where payment of instalment is in advance of ii The term is to be calculated from the the due date by fourteen days or less, date on which the loan is completely interest for the full year or half year drawn or declared by competent depending on the prescribed mode of authority to be closed.
In iii The repayment of loans shall be the case of a loan sanctioned by the effected by instalments, which shall Central Government to a State ordinarily be fixed on annual basis, Government on or before thirty-first and with due dates of payment being March of a year, which is adjusted in specially prescribed. If, Government shall be determined as however, the payment of the indicated below instalment is in advance of the due.
Governments i. Public Sector This position shall also hold in Undertakings, statutory bodies and cases where adjustment in Government institutions etc. Institutions the lending Ministry or Exception. Please wait You can download both versions from the below-given links. Banking Awareness is a part of the general awareness section in bank exams. It comprises questions related to the history of banks in India, Banking Institutions, banking terms and the functions and role of banking industry in the financial system of the country.
Click on the message to download that particular ebook. The main international recommendations that are the focus of the assessment are, as appropriate, the Principles and Recommendations for Population and Housing Censuses, Revision 1 , the Principles and Recommendations for a Vital Statistics System, Revision 2 , and Recommendations on Statistics of International Migration, Revision 1. The United Nations Statistics Division is committed to the advancement of the global statistical system.
We compile and disseminate global statistical information, develop standards and norms for statistical activities, and support countries' efforts to strengthen their national statistical systems. We facilitate the coordination of international statistical activities and support the functioning of the United Nations Statistical Commission as the apex entity of the global statistical system. Toggle navigation.
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Founded: 1 April List of different registered national regional political parties of India. Samajwadi Party SP. Shiv Sena SS. Info Link: Mararatna and Navratna companies GS — Biology.
There are about 13 Vitamins that are essential to our human body to work well. Serum When Fibrinitrogen and Protein is extracted from out of Plasma, the remaining part is called Serum.
Red Blood Cells Lifes span: 20 to days. White Blood Cells Leukocytes Life span: 1 to 2 days. Blood Groups The blood Group or Blood Type is a classification of blood-based on the presence and absence of antigens and i nherited antigenic substances. There4 types of Blood Groups were available. General Science — Physics. Proton p a Discovered by E. Electron e a Discovered by J. Neutron n a Discovered by J.
Atomic Number z The Atomic Number is defined as the total no. Isotopes Isotopes define as Atoms which had the same atomic number but having different mass numbers. Isobars: Isobars define as Atoms of having different elements with different atomic numbers which have the same mass number is known as Isobars. Isotones: Atoms having same no. Archimedes Principle: When a body is partially or completely immersed in a liquid, it loses some of its weight.
The loss in weight is equal to the weight of the liquid displaced by submerged part of the body. Concave Mirror: A Concave Mirror is a Mirror that is curved inward in the middle as it looks like a cave in middle. Concave Mirrors are commonly used in Torches, Searchlights and Vehicle headlights to get powerfull parallel beams of light.
Convex Mirror: A Convex Mirror is a spherical reflecting surface or any reflecting surface fashioned into a portion of a sphere in which its bulging side faces the source of light. Law of Conversation of Energy: Energy can neither be created nor be destroyed, only one type of energy can be transformed into another form of energy.
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