Minister admits to financial indiscipline in department
February 26th, 2011 - 8:53 pm ICT by IANSJammu, Feb 26 (IANS) The Jammu and Kashmir finance minister Saturday admitted there was “violation of financial discipline” in the state.Finance Minister Abdul Rahim Rather told a meeting of officers of his department here Saturday that several instances of financial indiscipline have come to light and warned the officers against such practices.
He said the officers of the finance department, especially financial advisors and chief accounts officers, were “watchdogs of state exchequer” but regretted that “some gross violations of financial discipline and codal formalities have surfaced in some cases”.
Rather said this was “most unfortunate and unacceptable”.
“The state’s fragile economy cannot afford financial indiscipline or irregularity of any kind of public money,” he said, adding that “time has now come to remove the deadwood from the department”.
According to records, Jammu and Kashmir’s total income from all its resources is Rs.3,200 crore, while its wage bill alone runs to Rs.14,700 crore.
- Kashmir keen to boost tourism, exports - Jan 18, 2012
- Jammu and Kashmir budget presented in assembly - Mar 06, 2012
- Opposition stages walkout from J-K Assembly over alleged misappropriation of funds - Mar 05, 2011
- Zero-deficit Kashmir budget promises jobs - Mar 07, 2011
- Kashmir reviews terms of NHPC-run power projects - Jan 03, 2012
- Haj goodwill delegation calls on PM - Nov 01, 2011
- Regional discrimination issues dominate Kashmir assembly - Mar 26, 2011
- Jammu and Kashmir unhappy, with no sops in budget - Mar 16, 2012
- Jammu and Kashmir Bank posts Rs.182 crore Q1 profit - Jul 30, 2011
- Declare financial emergency in Tripura, demands Congress - Jan 25, 2011
- Decks cleared for panchayat polls in Kashmir: Minister - Jan 29, 2011
- Hazare invited to Bihar to study 'land scam' - Jul 23, 2011
- 450,000 employees strike work in Jammu and Kashmir - Apr 03, 2010
- Jammu and Kashmir budget March 7 - Feb 08, 2011
- Telecom watchdog suggests six-fold hike in spectrum fee - Feb 09, 2011
Tags: abdul rahim, codal, crore, deadwood, finance department, finance minister, financial advisors, financial discipline, formalities, fragile economy, gross violations, indiscipline, instances, irregularity, jammu and kashmir, kashmir, public money, state exchequer, state finance, watchdogs
