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to achieve these targets by the end of 2010-11 in the Medium Term Fiscal Plan for the years 2008-09 to 2010-11 presented to the Legislature with the budget for 2008-09. In order to achieve these targets, the Government needs to mobilise additional resources both through tax and non-tax sources,............
Cash balance of the State during 2008-09 increased from Rs 973.79 crore to Rs 2629.56 crore. Chart 1.1 presents the budget estimates and actuals for some important fiscal Chart 1.1 shows that compared to the budget estimates, the actual revenue receipts were less by Rs 424 crore, while............
and Liabilities 30 1.10 Debt Management 32 1.11 Fiscal Imbalances 33 1.1 2 Conclusion and Recommendations 36 Chapter II FINANCIAL MANAGEMENT AND BUDGETARY CONTROL 2.1 Introduction 39 2.2 Summary of Appropriation Accounts 39 2.3 Financial Accountability and Budget Management 40 2.4 Review of............
As prescribed in the Act, the State Government was required to lay the following statements of Fiscal policy along with the budget before the Legislature: a) The Medium Term Fiscal Policy Statement (MTFPS) b) The Fiscal Policy Strategy Statement Keeping in view the fiscal targets laid down in............
Slow progress of works During the review period 2003-09, in none of the years the budgeted works could be completed. The actual expenditure incurred on the budgeted works ranged from 36.51 per cent to 72.65 per cent (UKP Stage-I- Phase III), 50.86 per cent to 82.73 per cent (UKP Stage-II)............
the review period 2003-09, in none of (AIBP) launched by Government of India (GOI) with a view to accelerate irrigation potential the years the budgeted works could be within a short period of four agricultural completed. The actual expenditure incurred on seasons. the budgeted works ranged............
The financial performance of the State has been assessed based on the Fiscal Responsibility and Budget Management Act, 2007, Budget documents, Medium Term Fiscal Plan (MTFP), Economic Review, Thirteenth Finance Commission (TFC) Report and other financial data obtained from various............
However, Revenue Receipts were below the budget estimates off 27,746 crore. Against the normative assessment of Tax Revenue (T 8,176 crore) and Non-Tax Revenue (f 3,594 crore) made by the Thirteenth Finance Commission (TFC) the actual tax and non-tax receipts of the State were f 6,954............
Manufacturin g Others (34.66) (66.07) (10.81)(16.94) (16.98) (8.54) (14.58)(31.42) (Figures in brackets show the percentage of total investment) Budgetary outgo, grants/subsidies, guarantees and loans 1.10 The details regarding budgetary outgo towards equity, loans, grants/ subsidies,............
Chapter IV- Transaction Audit Observations Chapter IV 4. TRANSACTION AUDIT OBSERVATIONS Important audit findings emerging from test check of transactions made by the State Government Companies/Corporations have been included in this Chapter....
KAU stated (August 2009) that there was a shortage of skilled labourers for budding and necessary steps were under way to increase production. During 2006-07, small nurseries in pepper and ginger were sanctioned to the State Vegetable Farm, Vandiperiyar and the District Agriculture Farm,............
P rinciples ; the grants were released as per agreed parameters and the expenditure w as incurred in accordance with the GoG and GMB’s approved budget and with due regard to financial norms and propriety; GMB had a system for regular revision of tariffs and timely recovery of the same;............
CHAPTER II PERFORMANCE AUDIT PORTS AND TRANSPORT DEPARTMENT 2 Functioning of Gujarat Maritime Board Executive Summary The State of Gujarat serves the vast north and central Indian hinterland. Pursuant to enactment of Gujarat Maritime Board Act,...
This Report contains 25 paragraphs including one Performance Audit relating to non/short levy/loss of tax/duty having financial implication of ` 484.72 crore, of which audit observations of Rs 311.07 crore have been accepted by the...
CHAPTER-VII MINERAL CONCESSION FEES AND ROYALTY EXECUTIVE SUMMARY What we have In this Chapter we present a Performance Audit on highlighted in this “Working of Mines and Geology Department in respect of Chapter Mining Receipts” conducted...
Jharkhand State is known for its vast forest resources and is the leading producer of mineral wealth having 40 per cent of the country's mineral reserves. The Gross State Domestic Product of the State has grown at a lower rate (13.34 per cent) ...
1.1.2 Review ofthe fiscal position As per the Jharkhand Fiscal Responsibility and Budget Management (FRBM) Act, 2007 (Appendix 1.2 Part B), in line with the recommendation of the Twelve Finance Commission the State Government was to eliminate the revenue deficit by the end of March 2009 and............
following table and chart: (` in crore) Year Budget estimatesActual receiptsVariation excess (+)/ shortfall (-)Percentage of variationTotal tax receipts of ............
period 2006-07 to 2010-11 along with the total tax receipts during the same period is exhibited in the following table and chart: (T in crore) Year Budget Actual Variation Total tax receipts Percentage of actual estimates receipts excess (+)/ of the State receipts vis-a-vis total (BEs) shortfall............