Cabinet secretariat need to get approval from FM on recommendation made by appraisal bodies
Union finance minister Arun Jaitley
New Delhi: In a move to give the finance ministry a pivotal role in all economic decisions, ministries and departments have been directed by the Cabinet Secretariat to get the approval of the finance minister on any of the recommendations made by appraisal bodies like the Expenditure Finance Committee (EFC), the Public Investment Board (PIB), the Foreign Investment Promotion Board (FIPB) etc before sending them for Cabinet approval.
Through an office memorandum (OM), a copy of which is with this newspaper, the Cabinet Secretariat said, “This office is directed to clarify an earlier directive with reference to all appraisal bodies. Therefore, while preparing the note for consideration of the Cabinet/Cabinet committees, wherein the proposals have been recommended by any appraisal body, the approval of the minister of finance must be obtained (sic). The same should clearly be indicated in the body of the Cabinet note that the recommendations/minutes of the appraisal body have the approval of the minister of finance.”
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