GFR 2017 Amendments in 2024

Amendment in General Financial Rules(GFR), 2017 - Overview. Download GFR 2017 Amendments in 2024 in PDF

The Government of India, Ministry of Finance, Department of Expenditure has issued an Office Memorandum (OM) dated 10.07.2024, outlining significant amendments to the General Financial Rules (GFR), 2017. Here’s a detailed look at the amendments:

Summary of Amendments:

1. Rule 133 (1) - Direct Execution of Repair Works:

   • Existing: Ministries/Departments could directly execute repair works up to Rs. 30 lakhs.
   • Amended: The threshold has been increased to Rs. 60 lakhs for direct execution of repair works by Ministries/Departments.

2. Rule 133 (2) - Assignment to Public Works Organisations (PWOs):

   • Existing: Repair works above Rs. 30 lakhs could be assigned to PWOs.
   • Amended: Repair works above Rs. 60 lakhs can now be assigned to PWOs.

3. Rule 133 (3) - Alternative Assignments:

   • Existing: Provided alternatives for assignment of works costing above Rs. 30 lakhs.
   • Amended: Provides alternatives for assignment of works costing above Rs. 60 lakhs.

4. Rule 139 - Procedure for Execution of Works:

   • No specific amendments mentioned in the memorandum.

5. Rule 149 - Government e-Marketplace (GeM):

   • Existing: Procurement through GeM for goods and services up to specified limits.
   • Amended: Increased procurement limits through GeM for goods and services.

6. Rule 154, 155 - Purchase of Goods without Quotation:

   • Existing: Purchase limits without quotation.
   • Amended: Increased limits for purchases without quotation.

7. Rule 161, 162 - Tender Enquiries:

   • Existing: Procedures for tender enquiries.
   • Amended: Increased thresholds and procedures for tender enquiries.

8. Rule 173 - Transparency in Procurement:

   • Existing: Ensuring transparency in procurement processes.
   • Amended: Strengthened provisions for transparency.

9. Rule 183 - Identification of Likely Sources:

   • Existing: Procedures for identifying sources.
   • Amended: Increased thresholds and procedures for identifying sources.

10. Rule 201 - Invitation of Bids:

    • Existing: Procedures for inviting bids.
    • Amended: Increased thresholds and procedures for inviting bids.

11. Rule 218 - Modes of Disposal:

    • Existing: Procedures for disposal of goods.
    • Amended: Revised thresholds for disposal of surplus or obsolete goods.

Conclusion:

These amendments aim to streamline and enhance the efficiency of procurement processes within Government Ministries and Departments, aligning with current needs and financial considerations. The amendments reflect a balance between flexibility and regulatory control, ensuring compliance with broader financial management principles.