Like our Facebook Page

Early Times Newspaper Jammu, Leading Newspaper Jammu
Breaking News :   Crippled Congress awaits coup? | BJP leaders of JK continue to befool masses, delimitation exercise yet to be started | Biochemistry deptt headless for 2 days, left on God’s Mercy | Srinagar takes lead as JMC fails Jammu in sanitation | Cong could not muster guts to demand restoration of Art 370 | 7 KAS officers transferred | Unscrupulous elements selling agent cards at RTO Jammu | Illegal mining continues in Rajouri, G&M Dept keeps mum | Custodial torture at Gangyal Police Station | V K Singh conducts public interaction programme at Tikri | J-K woos businesses with first of its kind investors’ meet | Outreach program held in J&K to expand information about development policies | JKSRTC electric-bus conductor charge ‘exorbitant fare’ from students | 3 Hizb militants including ex-cop killed in Shopain encounter | 5 out of 36 Union ministers to visit J&K as part of Centre's outreach drive | Pahalgam Municipality president, employees clash inside office | Security forces launch search operation | Petrol bomb hurled at CRPF bunker in Pulwama, no damage done | Security forces launch search operation | Search operation launched in Behrarakh | Traffic to ply from Jammu to Srinagar for second day | MeT predicts wet weather from Jan 21, Gulmarg freezes at minus 12.8 | Brother of Hizb terrorist Naveed Babu arrested | Centre's outreach plan brings hope to Jammu & Kashmir's common man for new era | Employment Skill Enhancement Scheme launched in Cluster University | 5 days Basic Training Course of Civil Defense concludes | ESRM stages nukkad ‘Brashtachar Aur Hum’ | Duggar Manch organises books releases functions | PG College Rajouri organizes PBR Meet | Valedictory function of 31st National Road Safety Week held | TWS organizes marriage of poor girl | Samagra Shiksha screens Special “Kanno Dekhi Movie” for special children | Davinder Singh’’s DGP’’s commendation medal, certificate forfeited | R-Day: Jammu IGP for strengthening border policing, intensifying night patrolling on NH | DSP Davinder Singh case: Another suspect arrested in J&K, handed over to NIA | DSP Davinder Singh case: Another suspect arrested in J&K, handed over to NIA | J&K global investors’ summit in April: Lt Governor Murmu | Names of transferred, retired docs on signage welcome patients at DH Udhampur | UCMAS J&K organises ‘Listening Competition 2020’ | Odisha lead by 173 runs against J&K in second innings | Students Exchange Programme: Group of 110 JK students leaves for Tamil Nadu | Vishavsathali organizes Basohli art, symposium competition | District Jr., Sr. Yoga competition to be held on 22, 23 Jan | GSSC celebrates 31st Road safety week | JTGC organizes golf tournament | Sunrise Public School organises health camp | Inter-collegiate tournament begins at CUJ | Puneesh sets benchmark in speed skating, wins gold, silver at 57th RSFI Nationals | CAA Soccer for persecuted and stateless minorities of the region | Au Revoir’ Lt General Ranbir Singh, your steely determination with calm demeanour will be missed | Think before you speak | Education, health & employment main focus of govt: Arjun Munda at Reasi | Essay writing competition held | Students of BSKHS School shine in National Games | Talk show for specially able children organized | Retired police pensioners stage protest | Sarpanch starts construction work | Padgotra demands strict action against mining mafia | MVD organises symposium on culmination of Road Safety Week | Union MoS Sarangi dedicates several development projects to rural populace | Visit of Union Ministers in J&K is meaningless: Manohar Lal | Residents of Gurha Slathia stage protest against illegal mining | Completion of Mini Secretariat Rajouri still a distant dream | No relief in near future for people living in border areas in north Kashmir | Engineers in Ladakh hold pen-down strike | Newly created sub division Thannamandi craves for attention | MARG receives “Global Disability Empowerment Award” | CPFWA holds meeting | Army organizes kisan mela | Samagra Shiksha screens “Kanno Dekhi Movie” for special children | DBPS organizes function, felicitate meritorious students | CEO Shrine Board receives Minister for MSME | Mayor JMC kick starts development works | Royal Enfield BS-6 Classic unveiled | All India Jat Mahasabha conducts meeting | Congress leader castigates visit of union ministers | Inter Panchayat, Block Level Cricket Competition LCC beats CS-XI | Back Issues  
news details
J-K admin asks all departments to reconcile accounts up to October 30
9/5/2019 8:22:51 PM

Jammu, Sep 5 (PTI) With Jammu and Kashmir all set to become a Union Territory (UT) on October 31, the state administration has directed all departments to reconcile their accounts up to October 30 and submit these to the finance department before November 6.
On August 5, the Centre announced scrapping of special status to Jammu and Kashmir and its bifurcation into UTs of Jammu and Kashmir, and Ladakh.
"All the departments shall reconcile accounts of their respective departments before the appointed day with the office of the accountant general, enabling to close the accounts of the state government," an order issued by Financial Commissioner Arun Kumar Mehta stated.
"On and from the appointed day, the accounts of the UT of Jammu and Kashmir shall be kept in such form as the lieutenant governor may, after obtaining advice of the Comptroller and Auditor General of India, prescribe by rules," it stated.
Mehta said the reconciled accounts up to October 30 would be furnished by each department to the Finance Department not later than November 6.
In terms of Section 67 (1) of the Jammu and Kashmir Reorganisation Act, 2019, he said it is ordered that there would be the "Consolidated Fund of the Union Territory of Jammu and Kashmir" successor to the Consolidated Fund of the State of Jammu and Kashmir while setting the guidelines.
"On and from the appointed day (October 31), all revenues received in the UT of Jammu and Kashmir from the Centre or the lieutenant governor in relation to any matter with respect to which the legislative Assembly of the UT of Jammu and Kashmir has power to make laws," the order read.
"All grants made and loans advanced to the UT of Jammu and Kashmir from the Consolidated Fund of lndia and all loans raised by the Centre or the lieutenant governor upon the security of the Consolidated Fund of the UT and all money received by the UT in repayment of loans shall form one Consolidated Fund to be entitled the Consolidated Fund of the Union Territory of Jammu and Kashmir," it stated.
According to the order, no money out of such Consolidated Fund would be appropriated except in accordance with, and for the purpose and in the manner provided in the Jammu and Kashmir Reorganisation Act, 2019.
The custody of such Consolidated Fund, the payment of money into such funds, the withdrawal of money therefrom and all other matters connected with or ancillary to those matters would be regulated by rules made by the lieutenant governor, Mehta said in the order.
Similarly in terms of Section 68 (I) of the Jammu and Kashrnir Reorganisation Act, 2019, there would be the "Public Account of the UT of Jammu and Kashmir" successor to the Public Account of the State of Jammu and Kashmir.
"On and from the appointed day, all other public money received by or on behalf of the lieutenant governor shall be credited to a public account entitled the Public Account of the UT of Jammu and Kashmir," Mehta said.
"The custody of public money, other than those credited to the Consolidated Fund of the UT, or Contingency Fund of the UT, received by or on behalf of lieutenant governor, their payment into the Public Account of the UT and the withdrawal of money from such account and all other matters connected with or ancillary to aforesaid matters shall be regulated made by the lieutenant governor on the advice of council of ministers," he added
  Share This News with Your Friends on Social Network  
  Comment on this Story  
Early Times Android App
BSE Sensex
NSE Nifty
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
J&K Govt. Official website
Jammu Kashmir Tourism
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
Train Enquiry
Jammu Kashmir Bank
State Bank of India
Passport Department
Income Tax Department
IT Education
Web Site Design Services
Jammu University
Jammu University Results
Kashmir University
IGNOU Jammu Center