No fraud faulty financial software forced govt to make book adjustments of Rs 48000 cr Andhra FM \
3 min read
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No fraud faulty financial software forced govt to make book adjustments of Rs 48000 cr Andhra FM

28-Mar-2022
New Delhi Mar 28 PTI Refuting TDPs charge of misappropriation of about Rs 48000 crore in Andhra Pradesh during the 2020-21 fiscal state Finance Minister Buggana Rajendranath Reddy on Monday said the government did not spent this amount but only made book adjustments because of a faulty financial software introduced by the previous regime Speaking to reporters here Reddy said the current YSRCP government could not make entries of 600-odd bills for an amount of about Rs 48000 crore due to programming errors in the Comprehensive Finance Management System CFMS The CFMS was introduced in 2018 when the TDP was in power to ensure accountability on all payments and track the flow of funds in government departments There were errors in the CFMS as the previous government introduced it hurriedly in 2018 with a private person as CFO Since there were no options in the software to enter certain heads we made only book adjustments There was no fraud and no cash transaction took place Reddy said Asked why his government took such a long time to identify the defects in the CFMS he said Earlier the CFMS was managed by a private person Our government appointed an IAS officer and took time to figure out the loopholes in the system When you are driving on a new road you wont know where the speed breakers would be As soon as the faults were identified the government began to rectify them and more than 80 per cent of errors have been fixed now Reddy said Asked if the Comptroller and Auditor General CAG was informed about the faulty software the finance minister said the government gave clarifications to all the objections raised by it and there may have been some delay by the time the CAG report on accounts was finalised The state finance secretary has written an explanatory letter to the CAG in this regard he added The CAG report on the accounts was presented to the legislature on March 25 Reddy said when the TDP was in power it had also made a book adjustment transaction towards the end of the financial year 2018-19 Last week the TDP had asked the Centre to invoke Article 360 of the Constitution and clamp financial emergency in Andhra Pradesh to protect it from the alleged gross mismanagement by the YS Jagan Mohan Reddy regime PTI LUX LUX ANB ANB
28-Mar-2022 National
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TDP MP demands imposition of financial emergency in Andhra Pradesh \
3 min read
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TDP MP demands imposition of financial emergency in Andhra Pradesh

28-Mar-2022
New Delhi Mar 28 PTI Alleging financial irregularities by the YSRCP-led dispensation in Andhra Pradesh TDP MP Kanakamedala Ravindra Kumar on Monday appealed to the central government to impose financial emergency in the state During a discussion on the Appropriation Bill 2022 and the Finance Bill 2022 in Rajya Sabha Kumar said Andhra Pradesh had spent Rs 111 lakh crore without the approval of the state assembly in 2021 which is about half of the total expenditure budget He said that transactions of Rs 48234 crore -- about one-third of the total budget expenditure -- were carried out without proper accounting and documentation in violation of the treasury code and without informing the state assembly The questionable transaction of Rs 48234 crore is about 730 times that of the alleged Bihar fodder scam This misappropriation is deeply troubling and this is in just one financial year Kumar said He said that there has been diversion of 30 per cent of central funds to unintended items of expenditure and there is utter mismanagement between budget allocation and actual expenditure particularly for the welfare of backward sections Scheduled Caste women and minorities I appeal to the government to do the needful and save the people of Andhra Pradesh from the financial anarchism of the state government and secure their future if necessaryby imposing financial emergency in the state of Andhra Pradesh Kumar said He said the CAG has observed that the actions of the present AP government are in violation of the provisions of the Constitution which stipulates that not even a rupee can be spent without approval of the state legislature The CAG refused to certify one-third of the total financial transactions of AP government for 2021 for the first time in the historythere is financial anarchism in Andhra pradesh to serve the political interest of the ruling establishment in the state Kumar said He said that the present government of AP is unleashing violence against the people of the state through gross misuse of public finances for personal gains Central government should seriously consider imposing financial emergency in the state under Article 360 of the Constitution in the interest of the state of AP Otherwise the present and future of the state will be seriously in danger We cannot keep quiet when the AP government has unleashed a serious attack on our Constitution and Parliament in the form of violations of the act Kumar said PTI PRS SMN
28-Mar-2022 National
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