Page 72 of 119, showing 10 records out of 1,189 total
This Report contains 31 paragraphs including three Performance Audits relating to under-assessment/non-realisation/loss of revenue etc. involving RS 530.97 crore. Some of the major findings are mentioned in the following paragraphs: The total...
with the total tax receipts during the same period is exhibited in the following table and chart: Table 2.1 - Trend of revenue ( in crore) Year Budget Actual Variation Percentage Total tax Percentage estimates receipts Excess (+)/ of receipts of actual shortfall (-) variation of the VAT............
Based on the audited accounts of the Government of West Bengal for the year 2011-2012, this report provides an analytical review of the Annual Accounts of the State Government. The financial performance of the State has been assessed based on the...
The Fiscal Responsibility and Budget Management Act has been enacted in July 2010. Normative projections made by the TFC as well as the projections in the Act are used to make qualitative assessment of the trends and pattern of major fiscal aggregates during the year. Assuming that GSDP is............
The State Government introduced the West Bengal Fiscal Responsibility and Budget Management (WBFRBM) Act in July 2010. As recommended by the Thirteenth Finance Commission, the Act was amended in April 2011 by introduction of WBFRBM (Amendment) Act, in which inter alia annual targets for the............
assessment made by the Finance Commission (XIII-FC) and achievements with the targets envisaged by the State Government in Fiscal Responsibility and Budget Management Act, 2005 as well as in the Budget Estimates of 2012-13. A comparison has been made to see whether the State has given adequate............
(Central and State Plan schemes) vn Direct transfer of Central Scheme Funds to implementing agencies in the State (Funds routed outside State Budget) vni Summary of Balances IX Financial results of Irrigation Works & Electricity Schemes. X Incomplete Works XI Maintenance expenditure with............
1.1.2 Review of the fiscal situation With the enactment of a Fiscal Responsibility and Budget Management Act (FRBM) Act, 2005 at the centre, Twelfth Finance Commission (TFC) recommended that each State enact a fiscal responsibility legislation prescribing specific annual targets with a view to............
The financial performance of the State has been assessed based on the FRBM Act, Budget documents, Economic Review 2010-11, Thirteenth Finance Commission Report and other financial data obtained from various Government departments and organisations. The report is structured in three............
The Fiscal Responsibility and Budget Management Act has been enacted only in July 2010. In absence of the Act, normative projections made by the TFC are used to make qualitative assessment of the trends and pattern of major fiscal aggregates during the year. Assuming that GSDP is the good............
The Company also made an avoidable payment of ` 16.57 crore as demurrage charges to railways due to delay in unloading of coal wagons by the private contractors and incurred additional expenditure of ` 83.40 crore on procurement of 2.40 lakh MT imported coal due to mixing of imported coal............
made an avoidable payment of ' 16.57 crore as demurrage ending March 2010, the actual addition was only 480 MW leaving a deficit of 940 charges to railways due to delay in MW. The State was not in position to meet unloading of coal wagons by the private the demand as the power generated as well............
The recorded forest area of Nagaland is 9,222 sq. km which is 55.62 per cent of its geographical area. There are three Wildlife Sanctuaries, one National Park and one Zoological Park in the State. The main functions of the Department are to achieve...
No records except for a few Government Orders authorising the FUO to issue Transit Permits (TPs) for both roads and railways and to indent railway wagons for the transaction of all Government to Government supplies outside the State with DGS&D and Central Government Undertakings were furnished.............
This Report on the audit of expenditure incurred by the Government of West Bengal has been prepared for submission to the Governor under Article 151 of the Constitution. The Report covers significant matters arising out of the compliance and...
_ Chapter 3; Compliance Audit 3.1 Audit of non-compliance with Rules and Regulations For sound financial administration and financial control it is essential that expenditure conforms to financial rules, regulations and orders issued by the...
Besides there are some issues of budgetary management and compliance with financial rules, which call for attention of the Government, as discussed in the succeeding chapters. With an aim to restructuring of public finances, restoring budgetary balances and achieving macro-economic............
to the normative projections of ` 27304.66 crore made by Twelfth Finance Commission and by 13 per cent (` 2576.44 crore) of amount assessed in State budget: (` 19476.42 crore). Non-Tax Revenue this year (` 2438.11 crore) fell short of both the TFC Projection (` 4000.61 crore) and State Budget (`............
Chapter-2-Financial Management and Budgetary Control 41 Chapter 2 Financial Management and Budgetary Control 2.1 Introduction 2.1.1 Appropriation Accounts are accounts of expenditure,............
in committed expenditure, borrowing pattern and a brief account of Central funds transferred directly to the State implementing agencies through off budget route. Chapter II is based on audit of Appropriation Accounts and gives the grant-by-grant description of appropriations and the manner in............
Total 8,642.62 Audit Report on State Finances for the year ended 31 March 2014 Appendix 1.4 Statement showing the policy initiatives taken up in the Budget 2013-14 (Reference: Paragraph 1.4.4; Page 8) Sector Major Policy Initiatives of the State Budget 2013-14 Action taken Decision to earmark............
The fiscal management principles enshrined in the Fiscal Responsibility and Budget Management (FRBM) Act calls upon the State Government to ensure transparency in setting and implementation of fiscal policy, stability and predictability in policy making process, improve the management of............
2004, Government of Uttar Pradesh responded to the Twelfth Finance Commission's recommendation by legislating its "Fiscal Responsibilities and Budget Management Act" (FRBM) setting out a reform agenda through fiscal correction path in the medium term with the long-term goal of securing............
payments on o ff budg et borrow ing and SPV borrowings made by PSU/SPUs 521.77 517.26 531.12 531.12 594.18 743.00 827.14 862.77 3558.21 outside budget 4. Total (1 to 3) 2674.77 3805.26 3887.12 3887.12 3777.18 3373.00 2652.14 1589.77 15279.21 5. Consolidated Revenue Deficit (A19+B4) 8980.53............
Fiscal Responsibility and Budget Management (FRBM) Act, 2004 The Government enacted the FRBM Act, 2004 to ensure fiscal stability and sustainability, and to enhance the scope for improving social and physical infrastructure and human development by achieving sufficient revenue surplus, reducing............