Delhi LG sets up Expenditure Finance Committee
Delhi’s Lieutenant Governor, Najeeb Jung, has set up Expenditure Finance Committee (EFC) of the Delhi government under the chairmanship of S K Srivastava who is also the Chief Secretary of Delhi government. The panel will concur expenditure on Schemes/Projects/Capital works relating to construction of roads, flyovers, footover bridges, subways, school buildings, hospital buildings etc. up to value of Rs 100 crore.
As per the norms for concurring expenditure on capital works:
- The Head of Department of the concerned department is competent to concur expenditure sanctions for capital works up to Rs 5 crore
- For more than Rs 5 crore, Finance Department is competent to concur expenditure sanctions worth Rs 10 crore for capital works.
- For expenditure more than 10 crore and up to Rs 100 crore would need concurrence of Expenditure Finance Committee as this panel has the authority to concur expenditure sanctions up to Rs 100 crore for the projects of capital works.
- The projects with expenditure of more than Rs 100 crore require concurrence of cabinet and in the absence of a cabinet such projects need concurrence of Lt. Governor.
Categories: India Current Affairs 2017