• About us
  • Contact us
  • Our team
  • Terms of Service
Monday, March 2, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home TOP NEWS

SAC approves transfer of expenditure allocation to Finance deptt

Images News Netwok by Images News Netwok
September 19, 2018
in TOP NEWS
A A
0
SAC approves transfer of expenditure allocation to Finance deptt
FacebookTwitterWhatsapp

Srinagar, Sep 18: The State Administrative Council (SAC), which met here this evening with Governor Satya Pal Malik in chair, approved transfer of expenditure allocation powers from the Planning to the Finance department.

Advisors to Governor, B B Vyas, K Vijay Kumar and Khurshid Ahmad Ganai, Chief Secretary BVR Subrahmanyam and Principal Secretary to the Governor, Umang Narula were present at the meeting.

More News

PM Modi chairs CCS meeting; West Asia situation, stranded Indians discussed

LG reviews security, appeals to communities to remain calm, united

Khamenei Killing: As mourners hit streets, CM appeals people to uphold peace

Load More

As per the decision, the expenditure functions including allocation of resources, authorization, releases, revalidation, re-appropriation etc which were earlier performed by the Planning, Development and Monitoring department shall be henceforth exercised by the Finance department.

SAC observed that the transfer of resource allocation powers to the Finance department has become imperative given the overall change in the resource mobilization and allocation scenario both at the Centre and the State-level and also on the grounds of prudence and coherence.

Given the changed scenario, there is a strong case made out for immediate transfer of allocation of expenditure across the departments – both Revenue and Capex at one place i.e. in the Finance department. This would not only bring coherence in budgetary allocations made to different departments but would also ensure accountability for expenditure with a single controlling authority, an official press release informed.

It said the decision would go a long way in ensuring harmonious resource allocation as the controlling authority allocating resources logically should also monitor the utilization of resources and fix accountability for the same. The allocation of resources at one place and monitoring at other was not proving to be effective.

Giving details, Chief Secretary said, judicious use of manpower available in both Finance and Planning departments would be ensured through complete restructuring of the Finance department to make best possible use of the otherwise, strong manpower base available in the Planning and Development department.

He said in restructured format Finance department shall exercise administrative control over the functioning of Directorate of Accounts and Treasuries, Directorate of Establishment (Codes Division), Directorate of Institutional Finances and Resource, Revenue Division, Budget Division and Expenditure Division, while the Planning, Development & Monitoring Department shall look after the functioning of Monitoring Division, Planning Division, Economic and Statistics Division and Special Functions Division.

He said accordingly as per the new arrangement, Finance department shall be now looking after the functions including cadre controlling authority of J&K Accounts Service, Supervision and Management of all Treasuries and payments, all C&AG matters including Annual Audit Report and follow up, examination of all proposals for creation/abolition/ rationalization of posts across the department, review of all Rules and Regulations regarding service matters, all matters pertaining to regularization etc, opinion on all issues related to pay and allowances, study leave/Medical Rules etc, cadre controlling authority and service matters of J&K Economic and Statistics Services, all matters pertaining to resource generation through Financial Institutions, monitoring of fund flow under Centrally Sponsored Schemes, authorization to the departments and channelizing UCs, all matters pertaining to GST, Excise and other taxes, all personnel and policy matters pertaining to Commercial Taxes and Excise Department, Revenue Estimation for budget preparation as well as monthly monitoring of revenue collection, preparation of Annual Budget, Revised Estimates and its passage through legislature, timely release of budget, fixing norms for various components of the budget and revision thereof, issues related to additional requirement of funds, re-appropriation etc, monitoring of expenditure on regular basis through Expenditure Monitoring Cell, regular interaction with the line departments for speedy up of expenditure, controlling and eliminating wasteful expenditure, issuance of guidelines and procedures for efficient and norm-based expenditure.

On the other hand, the Planning, Development & Monitoring Department shall be looking after monitoring of special projects like PMDP and other national programmes like Ayushman Bharat, Saubhagya and Ujjwala etc, regular reporting of expenditure under special plan and submission of UCs to the Central Line Ministries, sorting out bottlenecks which come in the way of speedy developmental expenditure, preparation of Vision document/ plan for various sectors on long term basis against which the allocations would be made on annual basis subject to availability of resources, preparation of Action Plan to improve key parameters in Health, Education, or other social sectors to improve quality of life, examination of various policy documents issued by the Central Line Ministries and adaptation of the same with revision as may be required to the State, collection of economic and statistical data and preparation of annual report thereof, providing key inputs for budget preparation, consultancy services – guidelines and help to the Departments, preparing penal for different types of consultancy and preparation of DPRs – Cell for vetting the same.

Planning Development & Monitoring Department shall be the Cadre Controlling Authority of J&K Economics & Statistics Service for the time being.

A Committee comprising Principal Secretary, Finance as Chairman and Principal Secretary, PD&MD and Commissioner/Secretary, GAD as its Members, will recommend the deployment of PD&MD staff across the two Departments.

SAC okays legislation for constitution of Commercial Courts in JK; approves Sub-Committee report on rehabilitation of mule owners operating in SMVD

Srinagar, Sep 18: The State Administrative Council (SAC) today accorded sanction to the enactment of the Jammu and Kashmir Commercial Courts Bill, 2008 to provide for constitution of Commercial Courts for adjudicating commercial disputes in a speedy and time-bound manner; consequently, boosting commercial activities in the State.

The bill also amends the Code of Civil Procedure Samvat 1977, for speedy trial in commercial disputes.

Initially, there will be two Commercial Courts, one each in Srinagar and Jammu, an official press release informed.

It said the bill seeks to remove bottlenecks and bring down the time taken in resolution of commercial disputes and thus further improve J&K’s ranking in the Ease of Doing Business.

The SAC also considered and approved the report of the Sub-Committee constituted by the government for rehabilitation of Mule owners operating on the track between Katra and the Shrine of Shri Mata Vaishno Devi Ji.

The Sub-Committee was constituted by the State government in pursuance of the various directions of the Supreme Court of India and the National Green Tribunal.

As per the report of the Sub-Committee, the number of mules on the track will be reduced gradually from 4600 to 2500 over 10 years. 175 mules will be phased out this year. Further, the number of mules on the track will be restricted to 2000 on any given day.

Previous Post

CEO issues formal notification for Phase-I of Municipal Polls-2018

Next Post

Governor to chair conference of DCs, SPs today

Images News Netwok

Images News Netwok

Related Posts

PM Modi chairs CCS meeting; West Asia situation, stranded Indians discussed

Post ceasefire, PM Modi chairs high-level meeting
March 2, 2026

New Delhi: Prime Minister Narendra Modi on Sunday night chaired a meeting of the Cabinet Committee on Security, the highest...

Read moreDetails

LG reviews security, appeals to communities to remain calm, united

LG reviews security, appeals to communities to remain calm, united
March 2, 2026

JAMMU: In the wake of killing of Iran’s supreme leader, Ayatollah Ali Khamenei, and subsequent mourning processions in Srinagar and...

Read moreDetails

Khamenei Killing: As mourners hit streets, CM appeals people to uphold peace

NC only party taking BJP head on: CM Omar
March 2, 2026

Srinagar/Jammu: Chief Minister Omar Abdullah on Sunday appealed for calm as police assessed the overall law and order scenario amid...

Read moreDetails

LG Sinha urges vigilance against radicalisation, calls for terror-free J&K

LG Sinha urges vigilance against radicalisation, calls for terror-free J&K
March 2, 2026

Jammu: Lieutenant Governor Manoj Sinha on Sunday urged every section of society to remain vigilant against elements trying to “radicalize”...

Read moreDetails

Police issues advisory urging responsible reporting amid prevailing situation

Govt promotes 27 DySsP to Incharge Superintendents of Police
March 2, 2026

Srinagar: In view of the prevailing situation, Police on Sunday issued an advisory to media houses, journalists, social media users,...

Read moreDetails

Schools, colleges to remain closed for 2 days in Kashmir

Raabita reflects continued commitment of govt to public welfare, responsive governance: Sakeena Itoo
March 2, 2026

Srinagar: Schools and colleges in Kashmir will remain closed for two days starting Monday as a precautionary measure following protests...

Read moreDetails
Next Post
Governor expresses grief over loss of lives in Kishtwar road accident

Governor to chair conference of DCs, SPs today

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.