Accountability Crisis: Jammu & Kashmir's Unused Funds Puzzle
The Jammu and Kashmir government faces scrutiny for failing to submit utilisation certificates for over Rs 12,000 crore in grants, raising concerns of misappropriation. The Comptroller and Auditor General's report reveals weak internal controls and calls for reforms including timely submissions and adherence to accounting standards to ensure financial transparency.
- Country:
- India
The government of Jammu and Kashmir has come under fire for not submitting utilisation certificates for grants exceeding Rs 12,000 crore from the Centre, according to the Comptroller and Auditor General of India.
The CAG's report highlights a troubling lack of internal controls within administrative departments. This failure to account for funds has raised questions about potential waste and misappropriation.
The audit body recommends urgent reforms, including strengthening internal controls and adhering to Indian Government Accounting Standards, to restore transparency and accountability in financial management.
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