SAC okays Rs 14,714 cr On Account

JAMMU: The State Administrative Council (SAC), which met here on Monday under the chairmanship of Governor NN Vohra, approved the “On Account Appropriation” for a period of three months beginning April 2016.
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 1 April 2016 to 30 June 2016.

Other decisions taken by SAC
Smart LED Lighting under UJALA programme approved.
Framework for Corporate Social Responsibility approved.
CSR Fund created to channelize contributions.
SoP for retention of facilities by constitutional authorities, others approved.
Katra Town Master Plan-2031 approved.

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.
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 31st 2016.

 

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