FINAL MODIFICATION

FINAL MODIFICATION.

This term is use in Rail budget.

 The third review is conducted in the month of February year and is known as Final Modification. Actual expenditure during first nine months and approximate expenditure for the tenth month is reviewed and compared with –

1) Budget grant / Revised grant (if received).

2) Budget proportion.

3) Actual expenditure during the last financial year.

4) Actual expenditure during corresponding period of the last financial year.