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Thursday, Apr 10, 2025
Universities were reluctant to transfer their money to the treasury, following which the Finance Department issued the warning.
The AG has recommended that the balance outstanding in such SB accounts may be transferred to Revenue Deposit after deducting the interest, if any, allowed after five years.
Treasuries have not approved any bill submitted by the district panchayat since August 3, 2023.
The alerts will be sent to those withdrawing money from the Employees (ETSB) and pensioners (PTSB) accounts as well as the savings accounts.
The state exchequer is under severe strain and already hindered multiple developmental projects.
Out of the pension amount, Rs 2 lakh was sanctioned immediately for his medical expenses.
The Reserve Bank of India had issued a statement directing all banks to halt the circulation of Rs 2,000 currency notes.
With barely days left before the academic year ends, the state govt has transferred the uniform allowance for LP and UP-aided schools to the Special Treasury Savings Bank accounts of the headmasters.
The money that various government departments, grant-in-aid institutions, Boards, and self-financing institutions had drawn from the treasury and kept in banks for various expenses and as advance is to be returned
The Additional Chief Secretary (Finance) has instructed the Directorate of Treasuries to make necessary changes in the software to implement the regulation.
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.jpg?w=315&h=164 "Finance Dept issues ultimatum to transfer amounts in banks to treasury")
