Railway Accounts Department Examinations

Showing posts with label Residual Modification. Show all posts
Showing posts with label Residual Modification. Show all posts

Tuesday, December 5, 2023

What is Grant ?




Amount Rs.

Vote of Parliament in 

Original Grant


Budget Session

Supplementary Grant


Winter Session

Residual Modifications

(-) 5

See below Note

Final Grant


Note: Residual Modification sanctioned by Competent authority (i.e., Railway Board, GM, etc other than Parliament) i.e., Reappropriations, withdrawals, surrenders, etc, It may be a plus or minus amount. 

Excess Grant:  

  • Regularization of Excess Expenditure  (Actual Expenditure in excess of Final Grant)  

  • Authority: Article 115 of the Constitution of India 

  • Excess grants are made when the expenditure has been incurred after a Financial Year has expired.  

  • Actual expenditure incurred (out of Consolidated Fund) in excess of Grant voted by the Parliament will be regularized by: 

  • Reasons to be fully explained by the spending authorities. 

  • On the recommendation of PAC as a result of scrutiny of Appropriation Accounts of Railways and Audit Report of C&AG.  

  • Presented after obtaining the recommendation of the President of India.