Indian Railway Codes and Manuals-General Financial Rules-2017-Chapter-1 (I) GFR-2017.
Chapter – 1
INTRODUCTION
Rule
1
Short Title and Commencement:
These
rules may be called General Financial Rules, 2017 and they shall come into
force at once and shall be applicable to all Central Government
Ministries/Departments, attached and subordinate bodies. The provisions
contained in GFRs are deemed to be applicable to Autonomous Bodies except to
the extent the bye-laws of an Autonomous Body provides for separate Financial
Rules which have been approved by the Government.
Rule
2
Definition: In these
rules, unless the context otherwise requires-
(i)
“Accounts Officer” means the Head of an Office of Accounts or the Head of a Pay
and Accounts Office set up under the scheme of departmentalization of accounts;
(ii)
“A d m i n i s t r a t o r ” m e a n s Administrator of a Union Territory, by
whatever name designated;
(iii)
“Appropriation” means the assignment, to meet specified expenditure, of funds
included in a primary unit of appropriation;
(iv)
“Audit Officer” means the Head of an Office of Audit;
(v)
“Competent Authority” means, in respect of the power to be exercised under any
of these Rules, the President or such other authority to which the power is
delegated by or under these Rules, Delegation of Financial Power Rules or any
other general or special orders issued by the Government of India;
(vi)
“Comptroller and Auditor General” means the Comptroller and Auditor General of
India;
(vii)
“Consolidated Fund” means the Consolidated Fund of India referred to in Article
266 (1) of the Constitution;
(viii)
“ C o n s t i t u t i o n” m e a n s t h e Constitution of India;
(ix)
“Contingency Fund” means the Contingency Fund of India established under the
Contingency Fund of India Act, 1950, in terms of Article 267 (1) of the
Constitution;
(x)
“Controlling Officer” means an officer entrusted by a Department of the Central
Government with the responsibility of controlling the incurring of expenditure
and/or the collection of revenue. The term shall include a Head of Department
and also an Administrator;
(xi)
“Department of the Government of India” means any of the Ministries,
Departments, Secretariats and Offices as notified from time to time and listed
in the First Schedule to the Government of India (Allocation of Business
Rules);
(xii)
“Drawing and Disbursing Officer” means a Head of Office and also any other
Gazetted Officer so designated by a Department of the Central Government, a
Head of Department or an Administrator, to draw bills and make payments on
behalf of the Central Government. The term shall also include a Head of
Department or an Administrator where he himself discharges such function;
(xiii)
“Ministry of Finance” means the Ministry of Finance of the Central Government;
(xiv)
“Financial Year” means the year beginning on the 1st of April and ending on the
31st of March following;
(xv)
“Government” means the Central Government;
(xvi)
“Government Account” means the account relating to the Consolidated Fund, the
Contingency Fund and the Public Account; as defined in these rules;
(xvii)
“Head of the Department’ means an authority or person (not below the rank of a
Deputy Secretary to the Government of India), declared by the concerned
Department in the Government of India as a Head of Department in relation to an
identifiable establishment or establishments to exercise the delegated financial
powers under these Rules;
(xviii)
“Head of Office” means
(a)
a Gazetted Officer declared as such in the Delegation of Financial Powers Rules
and
(b)
any other authority declared as such under any general or special orders of the
competent authority;
xix)
“Local Body” means an authority legally entitled or specially empowered by
Government to administer a local fund;
(xx)
“Local Fund” means a local fund as defined in Rule 652 of the Treasury Rules;
(xxi)
“Non-recurring expenditure” means expenditure other than recurring expenditure;
(xxii)
“President” means the President of India;
(xxiii)
“Primary unit of appropriation” m e a n s a p r i m a r y u n i t o f
appropriation referred to in Rule 8 of the Delegation of Financial Powers
Rules;
(xxiv)
“Public Account” means the Public Account of India referred to in Article 266
(2) of the Constitution;
(xxv)
“Public Works” means civil/ electrical works including public buildings, public
services, transport infrastructure etc., both original and repair works and any
other project, including infrastructure which is for the use of general public;
(xxvi)
“Re-appropriation” means the transfer of funds from one primary unit of
appropriation to another such unit;
(xxvii)
“Recurring expenditure” means the expenditure which is incurred at periodical
intervals for the same purpose. Expenditures other than recurring expenditure
are nonrecurring expenditure; (xxviii)“Reserve Bank” means the Reserve Bank of
India or any office or agency of the Reserve Bank of India and includes any
Bank acting as the agent of the Reserve Bank of India in accordance with the
provisions of the Reserve Bank of India Act, 1934 (Act II of 1934);
(xxix)
“Subordinate authority” means a Department of the Central Government or any
authority subordinate to the President;
(xxx)
“Treasury Rules” means the Treasury Rules of the Central Government;
(xxxi)
CAPEX model: In the CAPEX Model, Capital expenditures is used by the buyer to
straightway purchase goods followed by procurement of c o n s u m a b l e s , a
r r a n g i n g comprehensive maintenance contact after warranty period and
finally disposing the product after useful life;
(xxxii)
OPEX model: In the OPEX model, the Seller provides the goods, maintains it and
also provides the consumables as required and finally takes back the goods
after useful / contracted life. The expenditure is made by the Buyer in a
staggered manner as per the terms and conditions of the contract.
Rule
3
Interdepartmental consultations:
When
the subject of a case concerns more than one Department, no order shall be
issued until all such Departments have concurred, or, failing such concurrence,
a decision has been taken by or under the authority of the Cabinet. In this
regard it is clarified that every case in which a decision, if taken in one
Department, is likely to affect the transaction of business allotted to another
Department, shall also be deemed to be a case which concerns more than one
Department.
Rule
4
Departmental Regulations of financial character:
All
Departmental regulations, in so far as they embody orders or instructions of a
financial character or have important financial bearing, must invariably be
made by, or with the approval of the Ministry of Finance.
Rule
5
Removal of Doubts:
Where
a doubt arises as to the interpretation of any of the provisions of these
Rules, the matter shall be referred to the Ministry of Finance for decision.
Rule
6
Modifications:
(1)
The systems and procedures established by these Rules are subject to general or
special instructions/ orders, which the Ministry of Finance may issue from time
to time.
(2)
The systems and procedures established by these Rules may be modified by any other
authority only with the express approval of the Ministry of Finance.
Multiple choice questions:
1. What is the title of the rules
mentioned in the text?
a) General Financial Rules, 2020
b) General Financial Rules, 2017
c) Financial Rules, 2017
d) Central Financial Rules, 2017
Answer: b) General Financial Rules, 2017
2. Which rule defines the term
"Accounts Officer"?
a) Rule 1
b) Rule 2
c) Rule 3
d) Rule 5
Answer: b) Rule 2
3. According to Rule 1, who are the
General Financial Rules, 2017 applicable to?
a) State Government
Ministries/Departments
b) All Government Bodies
c) Central Government Ministries/Departments, attached and subordinate bodies
d) Autonomous Bodies only
Answer: c) Central Government Ministries/Departments, attached and
subordinate bodies
4. Which of the following is NOT a
definition provided in Rule 2?
a) Appropriation
b) Contingency Fund
c) Public Works
d) Procurement Process
Answer: d) Procurement Process
5. Which article of the Constitution
is referred to in the definition of "Consolidated Fund"?
a) Article 267(1)
b) Article 266(1)
c) Article 265
d) Article 267(2)
Answer: b) Article 266(1)
6. What is the definition of
"Recurring expenditure" according to the text?
a) Expenditure that is incurred only
once
b) Expenditure that is incurred periodically for the same purpose
c) Expenditure on capital goods
d) Expenditure on public works
Answer: b) Expenditure that is incurred periodically for the same
purpose
7. Which rule specifies that
interdepartmental consultations must be made before issuing any order?
a) Rule 1
b) Rule 2
c) Rule 3
d) Rule 5
Answer: c) Rule 3
8. What is the responsibility of the
Ministry of Finance according to Rule 4?
a) Approving all departmental
regulations of financial character
b) Issuing orders regarding public accounts
c) Managing the Contingency Fund
d) Defining the financial year
Answer: a) Approving all departmental regulations of financial
character
9. How should doubts regarding the
interpretation of the rules be resolved as per Rule 5?
a) By referring the matter to the
Cabinet
b) By consulting the Comptroller and Auditor General
c) By referring the matter to the Ministry of Finance
d) By seeking approval from the President
Answer: c) By referring the matter to the Ministry of Finance
10. Which model involves the seller
providing goods, maintaining them, and finally taking them back after the
useful life?
a) CAPEX model
b) OPEX model
c) PAYG model
d) Leasing model
Answer: b) OPEX model
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