x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Counter secessionist attempts to radicalise youth in Kashmir: LG urges poets, writers | Luxury for preachers’ families, death for youth: Religious scholars unmask radical networks | NC Working Committee reaffirms its commitment to restoration of J&K’s special status, statehood | After request from LAB judicial panel extends deadline for Leh violence evidence to Dec 8 | DB upholds life sentence of husband, paramour | AHA, Govt Medical College organize PDMP | HC rejects bail of accused cop | No bail for pharma dealer accused in multi-state cartel | Our youth, our strength-driving PM's dream of fitter, stronger India: Gaurav Gupta | India voice of balance, responsibility: Rajnath | Kashmir experiencing coldest Nov since 2007 | CBK files chargesheet; 2 accused remanded to judicial custody | CGPWA members visit JKMPCL Milk Plant, Laud Transformation | Can sit in court till midnight: CJI Surya Kant | Searches launched in Udhampur | STD holds day long workshop on GST Analytics, Fraud Detection Portal | Police attach property worth Rs 75 lakhs belonging to drug peddler under NDPS | ‘Implement budgeting rules’ | NFR upgrades Pit Lines at Kamakhya to prepare for Vande Bharat & Amrit Bharat Trains | CASO in Lal Chowk; hotels checked | GPF interest rate revised | LG Gupta calls for aggressive global promotion to revive Ladakh tourism | Man arrested for posting communal content | SSP Reasi visits far-flung area of PP Dwal, reviews ecurity preparedness and operational readiness | PTTI Vijaypur organizes valediction of two training courses | Director Agriculture inspects state seed testing laboratory, Inaugurates 30 kVA Genset for Uninterrupted Power Supply | Vocal for Local’ is the path to a Developed India 2047 - CM Nayab Singh Saini | DAV organised talk on Developing Scientific Temperament | BLSKS Mounts 3 days special campaign on "Nasha Mukat Bharat, Khushaal Bharat" at Miran Sahib | DPS Jammu Clinches Overall First Prize at Ramakrishna Mission Youth Convention 2025 | Junior Red Cross, Youth Red Cross Awareness program | Term-End Examinations of IGNOU starting from December 1 | LG Sinha’s Clarion Call | GDC Vijaypur organises Painting Competition to Commemorate Celebration of Samvidhaan Diwas | Madhukar Ji’s birth day celebrated | police nabs bootlegger; illicit liquor seized in Katra | District police Reasi nabs four persons with heroin; vehicle seized, FIR registered | CSIR-IIIM organizes 2nd half-yearly meeting of TOLIC | Central University of Jammu organized consultative workshop on ITEP curriculum framework | Samba police foils bovine smuggling attempt; arrests bovine smuggler, rescues 4 bovines | CM Dr Yadav transferred Rs 249 crore as price difference amount to the accounts of 1.34 lakh farmers from Gautampura | Udhampur police secures conviction in NDPS case within record time of 2 months | For grand and divine organization of 2027 Kumbh, Chief Minister held meeting with Acharyas and saints of Akharas | India continues its spiritual and moral fight against terrorism: CM Yogi Adityanath | Understanding “Constitution Day” History & Origin | Pakistan’s anxiety over the flag hoisting at the Shri Ram Temple | Audit Diwas celebrated by Office of Principal Accountant General, Jammu | Samvedna Club's Tournament Veteran League Edition 1 concludes with "Say No To Drugs & Yes to Sports" slogan | UK prominent social activist Sat Paul releases Hindi poetic compositions of Balbir | Altaf Bukhari condemns communalization of MBBS admissions in SMVDIME | Inauguration of Project Sena Sarthi held at Leh | NCC Units of GDC Kathua conduct preamble pledge activity to celebrate Constitution Day | SMVDU conducts training session on "Relevance of Communication Skills at the Workplace" for Non-Teaching Staff | BMD Testing Camp organized at SVMMCH | Plantation drive organized by NSS Unit "Prabha" GDC Ramgarh | Sanfort Preschool holds heritage walk to Kirmchi Temples | CGC University, Mohali’s founder chancellor honoured with “The father of education” award in Japan | LNCT University's School of Legal Studies celebrates Constitution Day | Reasi police foil liquor smuggling bid, seize 32 bottles at Balini check post | Shiksha Niketan Sr Sec School pays tribute to 26/11 martyrs | Doda police arrested person for uploading communally sensitive content on social media | Secretary IT reviews progress of amended BharatNet implementation in Ladakh | Awareness-cum-Distribution Programme held at GHS Ritti | GDC Thannamandi Screens Documentary on "Making of the Indian Constitution" | Government Degree College Akhnoor Intra-Semester Volleyball Tournament | Government of India to invest Rs 4,500 crore for modernization of SCL Mohali; Assures that it will not be privatised | Back Issues  
 
news details
Amazing! 40-yrs on, more than one lakh crore not regularised in JK’s financial system
1/15/2021 11:49:55 PM
Peerzada Ummer

Early Times Report

Jammu, Jan 15: Call it an inefficiency or lackadaisical attitude of successive regimes in J&K, there is a whooping amount of more than one lakh crore yet to be regularised in the financial system of the erstwhile state.
As per Section 82 of the Constitution of Jammu and Kashmir, it was mandatory for the State Government to get the excess over a grant/ appropriation regularized by the State Legislature. Although no time limit for regularization of expenditure had been prescribed under the Section, the regularization of excess expenditure was ought to be done after the completion of discussion of the Appropriation Accounts by the Public Accounts Committee (PAC).
As the Appropriation Accounts of 1980-81 onwards had not been discussed in PAC, the excess expenditure aggregating Rs 1,07,664.29 crore for the years 1980-2017 is yet to be regularized by the State Legislature.
After including further excess expenditure of Rs 6,397.06 crore during 2017-18 as brought out in the preceding Sub-section, the aggregate excess expenditure requiring regularization by the Legislature stands at Rs 1,14,061.35 crore.
The audit conducted by the government of India recently observed that such a practice was done in violation of Section 81 of the Constitution, and was contrary to legislative intent and defeats the objective of ensuring accountability of the executive over utilization of public money. Excess expenditure remaining un-regularized for such extended period needs to be viewed seriously as this dilutes the legislative control over the exchequer and therefore all the existing cases of excess expenditure need to be got regularized at the earliest. Such un voted expenditure may be stopped, except in case(s) of dire and extreme emergency, the cost of which cannot be met from Contingency Fund. “These amounts have remained unregularized for very long.
If these amounts are not regularized, it may have implications on certification of Finance and Appropriation Accounts in future.” reads the findings of the report in possession of Early Times newspaper.
This newspaper had earlier reported that during the financial year of 2014-15, , it was observed in Minor Head 800-Other Deposits subordinate to Major Head 8443-Civil Deposits that despite a balance of Rs342.36 crore after a withdrawal of Rs53.64 crore, an amount -of Rs251.35 crore was added to the Minor Head, which was unnecessary and violation of the financial norms.
The accumulated balance of Rs540.07 crore at the close of the year 2015 should have been written back to the respective Major Heads of account under the Consolidated Fund from which these were originally transferred, as the drawals from the Minor Head of account in the subsequent years would not require Legislative approval and thus would escape Legislative scrutiny through the Appropriation Account mechanism.
Besides, it was noticed during Audit check of vouchers that the Commissioner/Secretary to Government School Education Department and Commissioner/Secretary to Government Department of Rural Development and Panchayati Raj had withdrawn an amount of Rs14.25 crore & Rs117.14 crore respectively from the Consolidated Fund of State at the fag end of the financial year 2014-15 and parked it under Major Head-8443 Civil Deposit to avoid lapsing of Funds.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU