Credit back wrongly parked money by Mar 31: Govt to DDOs
Srinagar, Feb 16:
The government has asked Drawing and Disbursing Officers (DDOs) to pay back
funds, which they have ‘wrongly parked’
in accounts for a long period of time without utilising them on development
Department has learnt the Drawing and Disbursing Officer’s (DDOs) have retained
huge sum of money in bank accounts for long period.
“It has been
observed that huge amounts of money has been parked in the accounts of DDOs for
pretty long periods. The amounts parked in the accounts have either been drawn
from treasuries in advance or subsequently not utilised within prescribed time
or these relate to schemes of the Government, the works in respect of which
have not been executed within the schedule,” an order by Finance Commissioner
Arun Kumar Mehta reads.
He said the
parking of money outside exchequer has resulted in a “commensurate impact on
the liquidity of the Union Territory”.
“In order to
bring these amounts back into the exchequer, it is impressed upon all the DDOs
to credit all the wrongly parked balances of money as of March 31, 2019 to the
Major Head 8443-Civil Deposits or Revenue of the Government as the case may be,
within a week’s time from the issuance of these instructions,” Mehta in the
has ordered director finances of every department to ensure the compliance of
these instructions by the finance department.
Commissioner has also directed the departments to remit all the receipts into
the treasury, adding the “amounts required for immediate use will be drawn from
treasury for immediate disbursement.”
the drawls of money drawn in advance from treasuries also have to be rendered
at the earliest and in any case not later than the closure of the financial
year,” he said.