x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Private hospitals under scanner for Rs 11.82 cr fraud | NC, BJP dismiss alliance speculation amid talk of political realignment | Mahakumbh: 45 cr devotees take holy dip | CM Omar visits Sonamarg fire victims, assures support | Amit Shah asks paramilitary forces to take strong steps for ‘zero terror plan’ | ‘Zero cybercrime cases MHA’s goal’ | Pt Deendayal Upadhyay’s vision continues to inspire BJP: Kavinder | Mandeep Kour reviews Swachhta Survekshan 2025 preparations | NMOPS delegation meets Sadhotra, seek revival of old pension scheme | CRPF Cop's dismissal upheld by Division Bench | PM Modi’s Valuable Advice | Training on Non-Communicable Disease prevention conducted for Medical Officers in Jammu | Indian Red Cross Society conducts blood donation camp & first-aid training | JKEJCC urges Government to address employee issues; warns of protests | Drug peddler caught with heroin-like substance | Kathua leads in agriculture growth for 7th months | AOI delegation meets J&K PCC chairman to discuss industrial concerns | Bovine smuggling bid foiled in Udhampur, 28 cattle rescued | GRP Jammu seizes heroin worth Rs 2 lakh in Kathua, accused arrested | Director Agriculture Jammu conducts extensive field visit | IIMC Jammu organizes awareness program | GDC Hiranagar conducts awareness workshop | SMVDU-TBIC participates in workshop on Semiconductors & AI | NSS Unit of GDC RS Pura continues beautification, cleanliness drive | MLZS Kathua Shines at 13th Open Inter-State Speedball Championship | GDC Ramgarh observes Safer Internet Day with awareness workshop | GDC Darhal celebrates Safer Internet Day | BGSBU observes Safer Internet Day | GDC Thannamandi celebrates Safer Internet Day | GDC Vijaypur celebrated Safer Internet Day | Back Issues  
 
news details
Govt orders strict compliance of Expenditure Management measures
8/3/2018 11:51:44 PM
Early Times Report

SRINAGAR, Aug 3: The Government today called for strict adherence to the Expenditure Management measures outlined in the Appropriation Bill-2018.
Drawing the attention of the Administrative Secretaries to the Jammu and Kashmir Appropriation (No:02) Act-2018, notified in the Government Gazette on 6 February 2018, followed by Government Order No: 54-F of 2018, the Finance Department made it clear that the measures outlined in the said Bill shall have to be implemented in letter and spirit to ensure time-bound public expenditure.
"All directions contained in the Appropriation Bill-2018 being law, any violation thereof will be treated as violation of the law with appropriate consequences," said a circular issued by the Principal Secretary Finance, Navin K Choudhary.
Pertinently, J&K Government factored in wide-ranging Expenditure Reforms in the Appropriation Bill-2018, which was passed by the state legislature during the last Budget Session.
According to the Principal Secretary Finance, by incorporating fastened Expenditure Management Measures in the Appropriation Bill-2018, the government made itself legally bound to ensure time-bound public expenditure, avoid delays in execution of development works and reduce pilferages. Enumerating on the Expenditure Reforms factored in the Appropriation Bill-2018, Choudhary said the Finance and the Planning, Development and Monitoring Developments are now bound to release both Revenue and Capital budget to all the administrative departments within two weeks of the passage of the Appropriation Bill.
He said the administrative departments, in turn, are bound to release funds to the subordinate offices within four weeks of their receipt, failing which these funds shall be deemed to have been transferred to the intended DDOs on the dates they ought to have been released by the administrative departments /Controlling Officers.
"Planning Development and Monitoring Department shall ensure that all plan allocations to be made bear proper classification, indicating, name of the work/scheme against detailed Head-115 Works," he said and added that in the absence of the schematic classification, the relevant Capex release shall be deemed as invalid and not open to operationalization.
Choudhary said no payments shall be made by any Treasury/PAO, under any expenditure head, if the releases for the same have not been made and further received by the spending and bill passing Officers via BEAMS. "Treasury Officers/PAOs shall be personally liable for making payments on the funds released and received bypassing the BEAMS application," he said. The Principal Secretary Finance said the Planning, Development and Monitoring Department have to mandatorily upload on its website the department-wise "Name of the Schemes/Works/Projects", forming part of the Capex budget for the fiscal 2018-19, along with the respective allocations.
He said the expenditure during the last quarter shall be restricted to not more than 30% of the Revised Estimates. "Treasury officers shall have an added responsibility to ensure that the departments are held responsible to the above expenditure ceiling," he said.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET 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