Rajveer Thakur With Love 8 Questions 6 Answers 6 Best Answers 49 Points View Profile Rajveer Thakur Asked: November 29, 20202020-11-29T07:50:55+05:30 2020-11-29T07:50:55+05:30In: UPSC PRELIMS What is meant by General Financial Rules (GFR)? What is meant by General Financial Rules (GFR)? economics Share Facebook 1 Answer Recent Rajnish Optimist 145 Questions 255 Answers 237 Best Answers 1k Points View Profile Best Answer Rajnish Optimist 2020-11-29T08:09:37+05:30Added an answer on November 29, 2020 at 8:09 am General Financial Rules (GFR) are a list of the Government of India’s rules and orders to be followed by all when dealing with public finance issues. i.e. matters relating to revenue and expenditure of the government. These rules and orders are treated as executive instructions. They were first introduced in 1947 and modified thereafter in 1963, 2005, and 2017. To cope with the changing business environment a revision of the existing GFRs has been done. The following schemes have been introduced: Public Finance Management System(PFMS) Direct Benefit Transfer (DBT) Central Public Procurement Portal Government e-Marketing (GeM) Non-Tax Revenue Portal 2 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions Tell us about the Global Gender Gap Report 2021. Tell us about the Global Hunger Index 2020.