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
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