The Lead The Newsfeed

Budget 2022-23: J&K authorizes 50 % funds with strict utilization conditions   

As per the separate order assessed by The Dispatch, the Jammu and Kashmir government said that funds under capex budget will be released through BEAMS as well as expenditure thereof shall be subject to the uploading of works/activities on BEAMS portal as per the Works Plan duly approved by the competent authority for the year 2022-23.

 

Jammu: The Jammu and Kashmir government on Thursday accorded authorization of 50% of funds under Revenue and Capex component of Budget for the financial year 2022-23.

As per the separate order assessed by The Dispatch, the Jammu and Kashmir government said that funds under capex budget will be released through BEAMS as well as expenditure thereof shall be subject to the uploading of works/activities on BEAMS portal as per the Works Plan duly approved by the competent authority for the year 2022-23.

As per the order for capex budget the Director Finance(s)/Director Planning{s)/Financial Advisor/ CAO(s)/ Joint Director(s) Planning of all Administrative Departments shall be personally responsible for uploading of approved              Works   Plan  (projects/works/activities)            on BEAMS portal  with the approval of competent authority by or before 10th April, 2022.

All the district Development commissioners shall be responsible for furnishing   (project/work/activity wise) in consultation  with  the PRls, BDCs and DDCs of the concerned District, by or before 3Oth of April, 2022.

The main focus of the Department/DDCs must be on outcomes in terms of benefit to the public.  The Controlling Officers shall immediately release the funds to the departments within a period of one week from the date of authorization of funds by the Finance Department. The BEAMS Administrator at Administrative Department level shall report compliance to the Finance Department on monthly basis.

All the Government transactions shall be made through electronic mode without involving any cash transactions in the Government offices or other offices which are directly or indirectly controlled by the Government, excepting for few small denominations.

 

 

The Dispatch is present across a number of social media platforms. Subscribe to our YouTube channel for exciting videos; join us on Facebook, Intagram and Twitter for quick updates and discussions. We are also available on the Telegram. Follow us on Pinterest for thousands of pictures and graphics. We care to respond to text messages on WhatsApp at 8082480136 [No calls accepted]. To contribute an article or pitch a story idea, write to us at [email protected] |Click to know more about The Dispatch, our standards and policies