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.
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.