RTI Manual - 11

THE BUDGET ALLOCATED TO EACH OF ITS AGENCY, INCLUDING THE PARTICULARS OF ALL PLANTS, PROPOSED EXPENDITURES AND REPORTS ON DISBURSEMENTS MADE

1. The BPNSI has adopted a mixed or hybrid concept of budgeting. The corporate plan is a conglomeration of Zero Base and Historical Concept of Budgeting.
2. The expenditure of BPNSI is controlled through the approved budget of the year. However, agencies wise / cost centre wise budget is not drawn up.
3. The operational budget of BPNSI is approved by the members of the Board of Directors consisting of representatives from Ministry of Steel, Primary steel manufacturers, Technical University, with Jt. Secretary, Govt. of India, Ministry of Steel as the Chairman of the said committee.
4. The approved budget for the FY 2021-22 is Rs.201.36 lakhs. The break up is as under:

Employees Remuneration & Benefits Rs. 185.69 lakhs
Establishment expenditure Rs.   15.67 lakhs
Total Rs. 201.36 lakhs
5. In case of an overrun under any budgetary head, the revised approval is obtained through the Revised Estimates of the Budget.