Rule 8 — This rule outlines the fundamental process for man

GFR 2017general

Rule 8 of the Delegation of Financial Powers Rules;
(xxiv) “Public Account” means the Public Account of India referred to in Article 266 (2) of the Constitution;
(xxv) “Public Works” means civil/ electrical works including public buildings, public services, transport infrastructure etc., both original and repair works and any other project, including infrastructure which is for the use of general public;
(xxvi) “Re-appropriation” means the transfer of funds from one primary unit of appropriation to another such unit;
(xxvii) “Recurring expenditure” means the expenditure which is incurred at periodical intervals for the same purpose. Expenditures other than recurring expenditure are non-recurring expenditure;
(xxviii) “Reserve Bank” means the Reserve Bank of India or any office or agency of the Reserve Bank of India and includes any Bank acting as the agent of the Reserve Bank of India in accordance with the provisions of the Reserve Bank of India Act, 1934 (Act II of 1934);
(xxix) “Subordinate authority” means a Department of the Central Government or any authority subordinate to the President;
(xxx) “Treasury Rules” means the Treasury Rules of the Central Government;
(xxxi) CAPEX model: In the CAPEX Model, Capital expenditures is used by the buyer to straightway purchase goods followed by procurement of consumables, arranging comprehensive maintenance contract after warranty period and finally disposing the product after useful life;
(xxxii) OPEX model: In the OPEX model, the Seller provides the goods, maintains it and also provides the consumables as required and finally takes back the goods after useful / contracted life. The expenditure is made by the Buyer in a staggered manner as per the terms and conditions of the contract. Rule 3 Interdepartmental consultations: When the subject of a case concerns more than one Department, no order shall be issued until all such Departments have concurred, or, failing such concurrence, a decision has been taken by or under the authority of the Cabinet. In this regard it is clarified that every case in which a decision, if taken in one Department, is likely to affect the transaction of business allotted to another Department, shall also be deemed to be a case which concerns more than one Department. Rule 4 Departmental Regulations of financial character: All Departmental regulations, in so far as they embody orders or instructions of a financial character or have important financial bearing, must invariably be made by, or with the approval of the Ministry of Finance. Rule 5 Removal of Doubts: Where a doubt arises as to the interpretation of any of the provisions of these Rules, the matter shall be referred to the Ministry of Finance for decision. Rule 6 Modifications:
(i) The systems and procedures established by these Rules are subject to general or special instructions/ orders, which the Ministry of Finance may issue from time to time.
(ii) The systems and procedures established by these Rules may be modified by any other authority only with the express approval of the Ministry of Finance.
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Ch.-2 - GENERAL SYSTEM OF FINANCIAL MANAGEMENT
Rule 7 All moneys received by or on behalf of the Government either as dues of Government or for deposit, remittance or otherwise, shall be brought into Government Account without delay, in accordance with such general or special rules as may be issued under Articles 150 and 283 (1) of the Constitution. Rule 8 (1)
(i) Under Article 284 of the Constitution all moneys received by or deposited with any officer employed in connection with the affairs of the Union in his capacity as such, other than revenues or public moneys raised or received by Government, shall be paid into the Public Account.
(ii) All moneys received by or deposited with the Supreme Court of India or with any other Court, other than a High Court, within a Union Territory, shall also be dealt with in accordance with Clause
(i) of sub-rule (1). Rule 8 (2) The Head of Account to which such moneys shall be credited and the withdrawal of moneys therefrom shall be governed by the relevant provisions of Government Accounting Rules 1990 and the Central Government Account (Receipts and Payments) Rules, 1983 or such other general or special orders as may be issued in this behalf.

What This Means

This rule outlines the fundamental process for managing government money. Whenever the government receives funds, whether from taxes, fees, or any other source, there's a specific place it needs to be deposited. This 'place' is called a 'Head of Account,' which is essentially a specific category or classification in the government's financial system where money is sorted and stored.

Similarly, when the government needs to spend money – for salaries, projects, or any other approved expenditure – there's a strict procedure for taking that money out. This rule states that both the depositing (crediting) and taking out (withdrawal) of government funds must strictly follow established guidelines. These guidelines are primarily found in two key sets of rules: the Government Accounting Rules of 1990 and the Central Government Account (Receipts and Payments) Rules of 1983.

Beyond these main rulebooks, the government can also issue additional instructions, either broad ones that apply widely or specific ones for particular situations. So, for any government officer handling money, it's crucial to know not just these main rules but also any newer orders that might have been issued, ensuring all financial transactions are transparent, accountable, and correctly recorded.