JK yet to regularise `74,000 cr excess expenditure

PRESS TRUST OF INDIA

Jammu, Apr 7: The J&K government is yet to regularise Rs 74,366 crore of excess expenditure concerning grants during the past 29 years.
 Revealing this in its report for the year ending March 31, 2010, the Comptroller and Auditor General (CAG) of India said the Accountant General is required to warn the controlling authority immediately on the first instance of excess expenditure.
 However, "The excess expenditure amounting to Rs 74,366.04 crore for the years from 1980 to 2009 was yet to be regularised," the CAG report said. As per Article 205 of the Constitution of India, it is mandatory for a state government to get the excess over grant appropriation regularised by the State Legislature, it said.
 Although no time limit for the regularisation of expenditure has been prescribed under the Article, the regularisation process for excess expenditure is usually done after completion of discussion of the appropriation accounts by the State Public Accounts Committee.

Lastupdate on : Thu, 7 Apr 2011 21:30:00 Makkah time
Lastupdate on : Thu, 7 Apr 2011 18:30:00 GMT
Lastupdate on : Fri, 8 Apr 2011 00:00:00 IST



  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Code Image  Load New Code
Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

VC distributes aid among specially challenged students

GK NEWS NETWORK

Srinagar, Apr 7: The Vice-Chancellor of University of Kashmir Professor Riyaz Punjabi Thursday  distributed cheques, worth  Rs three lakhs among differently abled  students of the KU, at More


  • Srinagar City

FORGET HUMANS, GOVT ORDERS PROBE INTO DOG RIGHTS ABUSE

ON MERE ‘HEARSAY’ COMPLAINTS, APPOINTS SMC JT COMM TO INQUIRE POISONING OF SOME STRAY PACK

M HYDERI

Srinagar, Apr 7: At a time when dog menace has assumed alarming proportions with humans often felling prey to the deadly bites, the government seems to have gone concerned towards the animals by ordering More



  • Jammu

Cabinet Sub-Committee gets extension

JUSTICE SAGHEER PANEL REPORT

GK NEWS NETWORK

Jammu, Apr 7: Jammu and Kashmir Government Thursday extended the term of the Cabinet Sub-Committee constituted for examining the recommendations of Working Group on State-Center relationship. Official More


  • Briefs

World Health Day observed at IMI

Srinagar, Apr 7: On the world health day, Director Health services Kashmir today organised a seminar at Iqbal Memorial Institute Bemina Srinagar. The theme of the seminar ‘Combat drug Resistance’ More


  • Business

Valley consumers face brunt of mutton shortage

Govt, meat dealers adamant

MOAZUM MUHAMMAD

Srinagar, Apr 7: While the prolonged strike of mutton dealers has put the common consumers in the Valley to a lot of convenience, the government as well as the dealers are adamant to budge from their respective More


  • News

Massive quake rattles Japan again

PRESS TRUST OF INDIA

Tokyo/Fukushima, Apr 7: Japan's quake-devastated northeast faced a fresh tsunami alert today after a massive 7.4 magnitude temblor shook the region, as engineers pumped in nitrogen into a reactor at the More


ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions