J&K Govt approves vote on account for three months        

Subscribe to Oneindia News

Jammu, March 28: The Jammu and Kashmir Government on Tuesday, March 29 approved the vote on account for a period of three months beginning April this year.

"The State Administrative Council (SAC), which met here today under the chairmanship of Governor NN Vohra, approved the "On Account Appropriation" for a period of three months beginning April, 2016", an official spokesman said.

 mehboobamufti

He said that Parvez Dewan and Khurshid Ahmed Ganai, Advisors to the Governor, BR Sharma, Chief Secretary and BB Vyas, Financial Commissioner, Planning and Development Department attended the meeting.

The SAC approved a total "On Account Appropriation" of Rs 14,714 crore comprising of Rs 9,105 crore under Revenue Account and Rs 5,609 crore under Capital Account for the period April 1 to June 30, he said.

"The SAC also approved the Supplementary Budget for 2015-16 of the order of Rs 7,160 crore comprising of Rs 3,584 crore as Revenue Expenditure and Rs 3,576 crore as Capital Expenditure", he said.

Pursuant to the SAC approval, the Governor, in exercise of the Legislative powers vested in him, approved Appropriation Act (1) of 2016 covering Supplementary Expenditure for 2015-16 and Appropriation Act (2) of 2016 covering "On Account Appropriation" for first three months of 2016-17.

Besides, the Governor has also approved the release of first quarter appropriation for 2016-17 by or before March 31, he said.

PTI

Please Wait while comments are loading...