Revision of Financial Powers to Heads of Circles in the Department of Posts.
A reference is invited to this department OM NO.6-14/87 'Fin.Coord. (Vol V) dated 26h March 2001 and No.6-1/2005.FC (Posts) dated 29m July 2005 on the subjec't cited above. The matter for revision for certain powers of Heads of circles contained in schedule ll of the above Oms was under consideratlon.
Secretary (Posts) is pleased to approve the enhanced financial powers to the Heads of Circles of this Department as contained in Schedule ll.
Accordingly the existing schedule ll of Financial powers stands amended to the extent indicated below:-
Schedule II of schedule of financial powers of the Heads of Circle.
Sl No | Item of Expenditure | Extent of existing Financial Powers | Revised Financial Powers
(i) 14(b) | Write Off: For loss of stores not due to theft, fraud, or negligence - Rs.50,0001- Rs. 1,00,000/-
(ii) For loss of stores in other cases - Rs.20,000/' Rs.50,000/-
Notes:
1. These powerc will be exercised keeping in view the conditions and limitations containeci in Delegation of Financial power Rules, General Financial Rules, FHB Volume- l, guidelines of Central Vigilance Commission, Departmental code books,
Manuals, powers delegated by the Postal Service Board and economy instructions issued by the Ministry of Finance from time to time, etc.
2. The above amendments are subject to conditions mentioned in the OM No.6- 14/87-Fin,coord (Vol V) dated 26h March 2001 and OM No.6-1/2005-FC (Posts) dated 29th July 2005.
3. The other terms and conditions mentioned in OM No. of even number dated 26.3.2001 and 29.7.2005 will continue to be applied and remain the same.
