Delegation of Financial Power Rules (DFPR) 2024
The Delegation of Financial Powers Rules, 2024 (DFPR) were notified by the Central Government on March 22, 2024, and are set to come into effect on April 1, 2024. The rules are based on Article 77 of the Constitution of India, which gives the President the power to make rules for the government’s business, allocate work among ministers, and enforce the rules.
The Delegation of Financial Power Rules 2024 outlines the financial powers that are delegated to various authorities within the government. It details the specific expenditure limits and scope of different departments, ministries, statutory bodies and their heads. This enables decentralized decision making and faster approvals while maintaining necessary checks and balances in public spending.
Delegation of Financial Power Rules 2024 – Key Highlights
- Capital and revenue expenditure powers of secretaries,
- Commissioners,
- District magistrates and other local authorities.
- Adhering to the principles of transparency, accountability and cost-effectiveness, it aims to ensure judicious allocation and monitoring of financial resources for development activities at all levels.