Whether it is the issue of non-utilization of funds by various Departments of the Union Territory or non-transparent and irregular expenditures or even unsatisfactory implementation of various welfare schemes of the Government, the Comptroller and Auditor General of India has pointed out certain glaring discrepancies which need to be addressed. At the outset, we may clear this misnomer and ill conceived notion that not spending and not using the allotted funds was not any positive and appreciable gesture on the […]
There are lot of sensitivities attached with the finance and financial matters, even a slight whimper of any deviation , intentional or deliberate, in matters pertaining to finance can have severe ramifications. A simple thumb rule is – when you spend , where you spent, how you spent and on whose authority you spent – must all impeccably be documented, made clear, transparent and backed by end-use or “utilization”. It is true of an ordinary household, a business concern, a […]
Edu, H&UD, Agri, H&FW, Tourism major defaulting deptts Slackness in furnishing huge DC Bills to AG detected Mohinder Verma JAMMU, Apr 10: The successive Governments in Jammu and Kashmir were not strictly adhering to the Financial Code as a result of which Utilization Certificates (UCs) amounting to Rs 9354.49 crore were outstanding till October 2019. Moreover, there was complete slackness in furnishing of Detailed Contingent Bills to the Accountant General for audit. This has been pointed out by the Comptroller […]