https://www.taxtmi.com/news?id=16310 Revised delegation raises appraisal and approval thresholds for non plan schemes: central appraisal applies at or above three hundred crore, ministries appraise below that; ministerial approval now extends to projects below five hundred crore, with a higher financial authority handling larger approvals and top tier proposals requiring executive level sanction. Cost escalation rules allow up to twenty percent increases to be appraised and, subject to an absolute cap, approved by the Financial Adviser and Secretary, with larger escalations needing ministerial approval. en-us Tue, 28 Jun 2016 14:41:58 +0530 Tue, 28 Jun 2016 14:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16310 Revised delegation raises appraisal and approval thresholds for non plan schemes: central appraisal applies at or above three hundred crore, ministries appraise below that; ministerial approval now extends to projects below five hundred crore, with a higher financial authority handling larger approvals and top tier proposals requiring executive level sanction. Cost escalation rules allow up to twenty percent increases to be appraised and, subject to an absolute cap, approved by the Financial Adviser and Secretary, with larger escalations needing ministerial approval. News - Tue, 28 Jun 2016 14:41:58 +0530 https://www.taxtmi.com/news?id=16310