x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Massive anti-terror operations launched in Kashmir to uncover massacre links | DGP Prabhat leads anti-terror operations | Special Assembly session to pass important resolutions | Tulsi Gabbard extends support to India | LG reviews security scenario with Army Chief, Commanders | India stands united against terror: Rahul in Srinagar | India informs Pak about its decision to suspend Indus Waters Treaty | Ensure no Pakistani stays in India: Amit Shah dials all CMs | Search on for escaped terrorists | Rusted ammunition recovered | ‘Be mindful of social media posts, reject gifts’ | Army responds to Pak firing | Tributes paid to martyred paratrooper | Anxiously waiting for son’s return: BSF Jawan’s father | Health Checkups | Amit Sharma resolves to make Mamit Mizoram's First e-District with Cooperatives in Lead Role | Ramban: Restoration, relief efforts stepped up in flood-affected areas | District NCORD Committee discusses anti-drug measures | NFR Enhances Hygiene with New Bacteria Inoculum Plant at Kamakhya | NFR strengthens Track Safety with Major Upgradation of Passenger Running Lines across all its Divisions | Reasi police intensifies fight against narcotics, seizes 4.33 Grams of heroin-like substance | District NCORD Committee discusses anti-drug measures | Uttar Pradesh leads nation with 1.20 crore enrollments in Atal Pension Yojana | CM directs strict compliance with infrastructure norms before granting recognition to madrasas | Amarnath Yatra not to be affected by Pahalgam attack: Deputy CM | ACS chairs SCERT's workshop held under Oasis Jyotirdhar Initiative | JMC Commissioner lays foundation of public toilet complex | Jal Shakti Minister reviews Water Supply Schemes in Kashmir | DC Reasi chairs meeting on change of land use cases | Govt notifies rules for GST appellate tribunals; provides for mandatory e-filing, hybrid hearing | 'Time to strike again': Ex-Air Force chief Arup Raha cites Uri, Balakot as precedent | Back Issues  
 
news details
Mehbooba led regime withdrew Rs 2500 cr in violation of financial norms
12/8/2020 2:04:44 PM

Early Times Report
Jammu, Dec 7: The former Jammu and Kashmir government led by Mehbooba Mufti had drawn Detailed Contingent (DC) Bills in respect of 2,032 Abstract Contingent (AC) Bills amounting to whooping Rs 2,545.83 crore, contrary to the laid down procedure, leaving the financial system in chaos at large.

Documents in possession of the Early Times reveal that in terms of para 7.10 of the Jammu & Kashmir Financial Code Vol-I, the bills which are countersigned after payment, are drawn as advance payments on Abstract Contingent (AC) Bills. The subordinate officers are required to submit the Red DC Bill by the end of the month following that in which AC Bill is drawn to the Controlling Officer and the Controlling Officer is required to submit the same to the Accountant General duly countersigned within one month of its receipt. AC bills are required to be drawn on Form 28 of J&K Financial Code Vol-II. However, documents reveal that in majority of cases, the State Government in the year 2018 when PDP led dispensation was ruling the erstwhile state was not using the prescribed form instead same Bill Form was being used for ACs and GIAs which resulted in difficulty in distinguishing between AC Bills and GIA Bills.

Documents reveal that 241 AC Bills amounting to Rs 2,112.91 crore were drawn during 2017-18, out of which 112 AC Bills amounting to Rs 885.47 crore (41.91 per cent) were drawn in March 2018 alone and 21 AC Bills amounting to Rs 139.32 crore (15.73 per cent) were drawn on the last day of the financial year. Out of 112 AC Bills amounting to Rs 885.47 crore drawn in March 2018, 13 Bills amounting to Rs 430.22 crore (48.59 per cent) were drawn by Department of Education, 01 Bill for Rs 255.71 crore by Cooperative Department, 07 Bills for Rs 72.24 crore by Department of Welfare of Scheduled Castes, Schedule Tribe and Other Backward Classes, 13 Bills for Rs 26.50 crore by Village and Small Industries and 04 Bills for Rs 18.45 crore by Department of General Economic Services. Expenditure against AC Bills in March indicates that the drawals were primarily to exhaust the Budget Provisions and reveals inadequate budgetary control. “This was the total mess up of the financial system in Jammu and Kashmir at that time. There was absolutely no distinction done between the Detailed Contingent (DC) Bills and Abstract Contingent (AC) Bills. As per the rules, the The subordinate officers are required to submit the Red DC Bill by the end of the month following that in which AC Bill is drawn to the Controlling Officer and the Controlling Officer is required to submit the same to the Accountant General duly countersigned within one month of its receipt. However, these rules were thrown to wind and there was no accountability ensured due to which the financial system later was marred by the confusion and chaos. It took hectic efforts to correct the past wrongs,” says an official privy to the irregularities
  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