'Treasuries play vital role in enforcing financial discipline'
GK NEWS NETWORK
Jammu, June 2: Affirming on strict adherence to the treasury code by the officers, the Minister for Finance and Ladakh Affairs, Abdul Rahim Rather said that Treasuries are the financial face of the Government and custodian of the public exchequer. Speaking at the 10th periodical meeting of the Treasury Officers, representatives of Accountant General (A&E), Stamps and J&K Bank, here today, the Minister asserted that treasuries have a vital role to play in enforcing financial discipline and ensuring transparency in the system.
Rather exhorted upon the Treasury Officers to strictly maintain Budget Control Registers and in no case allow Drawing and Disbursing Officers (DDOs) to exceed the Budget allocations .He said that no irregularity with regard to the payments in excess of the proper allocations will be tolerated adding that delinquent officers shall have to face strict action including removal from service. He said that efficient functioning of the treasuries determine the image of the Government .He stressed on strict adherence to the norms and guidelines and the accounting should be accurate as it reflects on the financial face of the state. The Minister while asking the T.Os to strictly follow the Treasury Code and standing Government rules and regulations called for ensuring proper classification of the vouchers adding that T.O should not entertain WDC Bills for advance drawals unless copy of the red account has been furnished by the DDOs to the office of Accountant General (A&E). The Minister instructed the T.Os not to release any payment unless drawals for the previous month are verified by the concerned DDOs adding that this was necessary for maintaining strict fiscal management and inducing more accountability.
The Minister also directed the TOs to take prompt action to clear draft audit paras and timely rendition of complete accounts to the AG’s office to ensure strict fiscal discipline. The Minister stressed that it is important that the concerned TO’s take appropriate action in this regard to provide the accurate information for further action.
The Minister also directed the concerned officers of J&k Bank to ensure timely reconciliations to avoid irregularities in the pensioners data .He also stressed on uploading of information with the Central Record Keeping Agency (CRA/NSDL) regularly.
Lastupdate on : Sat, 2 Jun 2012 21:30:00 Makkah time
Lastupdate on : Sat, 2 Jun 2012 18:30:00 GMT
Lastupdate on : Sun, 3 Jun 2012 00:00:00 IST
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