x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   PM Modi, CM Omar unite in vision for Sonamarg’s bright future | PM to meet construction workers | PM’s 12th visit to J&K in 10 years | Statehood must to address peoples’ problems: Farooq | Dark web, cryptocurrency, drones continue to be challenges: Amit Shah | J&K determined to dismantle narco-terror nexus: LG Sinha | Train to Kashmir will start very soon: Vaishnaw | CB books 10 including policeman for submitting fake documents | Army conduct searches near LoC | ‘Illegally built houses demolished’ | Kashmir to get light snowfall | Senior journalist Ashwani Kumar bereaved | Elite Public High School hosts Inter-School PowerPoint presentation competition | Dr Darakhshan Andrabi honored with certificate of honour | Habitual criminal booked under Public Safety Act by J&K police Kathua | Udhampur police seizes property worth lakhs from notorious drug peddler | Extensions in service set back to those who are in line: Dhankhar | Hold panchayat elections within 90 days or face agitation: AJKPC to J&K Govt | BSF launches beautician programme for women near international border in Jammu | Cyber Cell of Kulgam police recover Rs 13,69,377 from online financial frauds | DC Poonch reviews progress of HADP | Dense fog envelops Delhi, 45 trains delayed | Indian economy likely to be 'A Little Weaker' in 2025: IMF MD | Two-day State-Level Shastra Competition begins | Key developmental projects gets forest clearance in J&K: Javed Rana | 3 day orientation program for newly elected MLAs concludes | Himayat scheme proving game changer for youth upliftment in JK: Javed Dar | Satish Sharma meets Union Minister Sarbananda Sonowal | Salary benefits withdrawn by employee cannot be challenged after 2 years of retirement:HC | 3 beekeeping clusters worth Rs 3.80 cr under SFURTI being established | Court reject bail of ISJK commander | MVD Doda organises Awareness program on Road Safety, Cleanliness at Bhagwa | BLSKS celebrates National Youth Day | SCERT J&K concludes Capacity-Building Program on Computer Education | Reffa Boules India Federation hosts exciting Sports Camp | GDC Khour celebrates National Youth Day | Event at Ramisht College celebrates Swami Vivekananda's legacy | Rich Harvest School celebrates Lohri, Makar Sankranti | Vishwa Bharati College hosts seminar on NEP 2020 | 24th Institutional Animal Ethics Committee meeting held | GDC Thannamandi celebrates National Youth Day with fervor | Back Issues  
 
news details
JK Govt couldn’t avail a whopping Rs 24 Crore central grant
Misappropriation of public money looms, GOI raises alarm
12/25/2021 12:21:06 AM
Early Times Report

Jammu, Dec 24: The Jammu and Kashmir Government has been found reporting an “incorrect” expenditure to the Government of India, resulting in the apprehension of misappropriation of the government money and non-utilization of the central grants.
Official documents reveal that funds under the Project – titled ‘Construction of Government Tourist assets in lieu of assets destroyed in the floods of September 2014’-were released by the GoI directly to the Jammu and Kashmir (J&K) State Cable Car Corporation during the period from 2016-17 to 2018-19 which after authorization by the Department, released funds to the implementing agencies for execution of various works under the project.
The sanctioned project cost was Rs 98.70 crore, out of which an amount of Rs 74.70 crore (76 percent) was released in September 2020 by the GoI credited directly into the Bank account of J&K State Cable Car Corporation under intimation to the Jammu and Kashmir Government. The government was required to complete the project by providing the balance funds. The final installment of Rs 24 crore was to be reimbursed by GoI on receipt of the Utilisation Certificate for the entire project cost of Rs 98.70 crore. As the government did not release a balance of Rs 24 crore to the implementing agencies for the completion of the works of the project, it could not furnish a utilization certificate of the entire sanctioned amount of the project. Thereby the claim of reimbursement of the balance amount from GoI could not be preferred.
Records reveal that the assets thus remained incomplete and government could not avail funding to the extent of Rs 24 crore.
Furthermore, J&K Cable Car Corporation Limited released in July 2017 Rs 78 lakh to J&K Housing Board for the execution of sub-project ‘Development of tourist facilities around Khusalsar Lake’. However, no works were executed by the Board as the area was not identified/ demarcated by the Project Authority. As a result, the subproject was dropped in February 2019 by the GoI. As per the utilization certificates submitted in November 2018 to GoI of India, an expenditure of Rs 82 lakh was shown incurred, thereby incorrectly reporting the expenditure to the GoI. Therefore, not only funds were lying with the implementing agency in Bank Account, but also the expenditure incurred was not reduced from the reported figures in August 2020. The risk of misappropriation of the Government money exists in such a situation, documents claim.
The official documents reveal that subsidiary accounts and the audited statements of accounts were required to be prepared and submitted to higher authorities. However, as per the records, ten executing agencies revealed that the same was not being done. The executing agencies are Dy. Director (M&W) Jammu and Srinagar, Surinsar-Mansar Development Authority, Rajouri Development Authority, Poonch Development Authority, Floriculture Department, SKICC, Gulmarg Development Authority, J&K Housing Board (Unit-II); and LAWDA.
  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