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Rather for strict adherence to Treasury code
Reviews functioning of Treasuries of Kashmir division
9/24/2013 10:12:00 PM

Early Times Report

SRINAGAR, Sept 24: Underscoring the pivotal role and important responsibilities of Treasury Officers (TOs) towards enforcing fiscal discipline and budget management, the Minister for Finance Abdul Rahim Rather today urged for strict adherence to Treasury Code to safeguard State exchequer.
Speaking at the marathon 6 hours long 12th review meeting on the working of Treasuries of Kashmir Division here at Banquet Hall Srinagar on Tuesday, the Minister directed the
TOs not to exceed budget allocations in any case adding that no payments should be made without drawl verification, which, he said was necessary for enforcement of financial discipline and averting the chances of fraudulent drawls. He also urged for maintaining Budget Control Registers strictly at the treasuries. He said violation of treasury code shall not be tolerated in any case and defaulters shall have to face strict disciplinary action.
The Minister also directed the TOs not to render incomplete accounts to AG's office as the incorrect and incomplete classification on the Bills affects the accuracy of State finances.
The meeting was attended by the Accountant General (A&E), Manish Kumar, Director General Accounts and Treasuries, Majid Jehangir, Deputy Accountant General, Farooq Ahmed Baba, Director General J&K Funds Organization Mrs. Pushpa, Director Audit and Inspection, Mohammad Amin, representation of J&K Bank, concerned district Treasury officers and Treasury officers of the Kashmir Division.
The Minister said Government has undertaken an ambitious plan to provide Government accommodation to each treasury in the State in a phased manner.
The progress on computerization of Treasuries under mission mode project of e-Governance plan at a cost of Rs 34.06cr also came up for thorough discussion. It was stated that the computerization process of treasuries is in full swing and almost 70% hardware items have been received in the treasuries.
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