Excelsior Correspondent
JAMMU, Aug 30: The Jammu and Kashmir Finance Department has announced major reforms to strengthen the financial management as per the recommendations of a Working Group constituted by the Comptroller and Auditor General of India (CAG).
As per a circular issued by the Government, these initiatives include introduction of e-Vouchers for all transactions to ensure real-time processing, approval, archival, and digital availability of vouchers to the office of the Accountant General, thereby creating a secure digital audit trail and eliminating manual handling, mandatory use of Aadhaar-based digital signature in conformity with the provisions of the amended Information Technology Act 2023, standardization of e-bill forms, and online revenue collection through e-GRAS.
Integration of TreasuryNet system with the Reserve Bank of India’s e-Kuber 2.0 platform has also been announced for reconciliation of both receipts and expenditures, to enable seamless exchange of financial data between the State Government and RBI, ensuring accurate reconciliation of taxes, grants, user charges, and other revenues.
These measures aimed at ensuring real-time processing, transparency, secure digital audit trails, accurate reconciliation of receipts and expenditures, and improved governance.
Accordingly, all the departments have been directed to cooperate with the Finance Department for the smooth implementation of these reforms.
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