TODAY -
Fund deduction
Source: The Sangai Express
Source: The Sangai Express
Imphal, September 09, 2009:
Besides stopping further release of fund, 5 percent of the payable amount is likely to be deducted from the work agencies of the Government if they fail to submit vouchers of the works completed or do not provide valid reasons on the remaining works to the Department concerned.
According to a reliable source, Principal Secretary (Finance) AN Jha has written to all the work agencies expressing serious concern over the failure of submitting the vouchers of the works completed to the Department concerned, thus leading to difficulty in adjusting the fund drawn through Abstract Contingent (AC) Bills with Detailed Countersigned Contingents (DCC) Bills.
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