4 months ago
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The Andhra Pradesh State Assembly Public Sector Undertakings Committee (PUC) reviewed pending audit objections and yearly fiscal reports of the Visakhapatnam Metropolitan Region Development Authority (VMRDA) connected Saturday astatine the authorization bureau here.
Committee Chairman Kuna Ravi Kumar, an MLA from Srikakulam district, led the meeting. VMRDA Metropolitan Commissioner N. Tej Bharat briefed the members connected staffing and fiscal status.
Mr. Ravi Kumar expressed dissatisfaction implicit delays successful the audit process and made it wide that immoderate further negligence would not beryllium tolerated. He directed officials to wide each pending reports wrong a stipulated clip frame, an authoritative merchandise said.
The committee examined yearly accounts and audit paras for the fiscal years from 2017-18 to 2021-22. The Chairman stressed that audits indispensable beryllium conducted strictly successful accordance with authorities regulations and completed connected docket each year.
He called for elaborate discussions connected each issues during Authority meetings and continuous monitoring of audit objections. “Even a tiny mistake successful maintaining accounts tin pb to terrible fiscal and administrative crises successful the future,” helium warned, emphasising the request for fiscal subject and full transparency.
The committee noted that respective tribunal cases are pending, which are hindering VMRDA’s fiscal advancement and aboriginal planning. Wherever possible, the cases should beryllium settled done arbitration oregon mediation, Mr. Ravi Kumar suggested.
