‘Consult FM for financial proposals’

Aug 27, 2010 - Mukesh Ranjan |

New Delhi

Keeping in mind a circular issued by the government asking bureaucrafts to seek the personal approval of the finance minister before sending policy notes with financial implications for the consideration of the Union Cabinet, sources said many of the financial proposals have political implications and at times there are cases that may not be economically viable but have political ramifications.

“In such cases, if the decision is left only to experts and bureaucrats, it might jeopardise the government’s intent.”
“So it has been decided to make it mandatory that all final notes to be sent for consideration of the Union Cabinet must have the personal approval of the finance minister,” they added.
Specifying that the approval of the finance minister must be indicated in the “main body” of the final note, the circular said, “In cases where proposals are appraised by the EFC and PIB, the notes for the Cabinet are required to be sent after obtaining the approval of the minister of finance.”

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