Severe irregularities have been identified within the audit of the Centre for Analysis in Rural and Industrial Growth (CRRID).
From non-recovery of visitor room costs to delayed launch in grants resulting in loss value lakhs in financial institution curiosity — the audit has flagged severe points.
The final examination of the accounts of the CRRID for the years 2021-24 was carried out by an audit group from Might 27, 2024 to June 5, 2024.
Delayed launch of grants made CRRID to incur lack of Rs 68.92L
The CRRID is being supported by the Indian Council of Social Science Analysis (ICSSR) to the extent of 45% grant, with matching grant of 45% from Authorities of Punjab and the remaining 10% funds are to be organized by this institute at its personal degree.
Through the take a look at examine of data, it was seen by the audit division that CRRID paid funds from State Financial institution on India, Sector 7, Chandigarh Department in the course of the yr 2021-22 within the form of overdrafts of Rs 166.40 lakh for which curiosity amounting to Rs 68.92 lakh had been charged by the financial institution as much as March 31, 2024.
“It was seen that the excellent stability on 01-04-2021 of overdraft was Rs 199.20 lakh, which reached Rs 385.03 lakh on 31.03.2024. On account of big overdraft, the financial institution had connected the earned curiosity of FDRs of 5 crore corpus funds supplied by the Punjab Authorities to the overdraft account, the curiosity earned on these FDRs was being instantly transferred to overdraft account by the financial institution which was the a part of grant supplied by Punjab authorities. As a result of big quantity of overdraft and curiosity, the legal responsibility as overdraft was elevated speedily. The administration/administration of CRRID didn’t make efforts to cut back the overdraft, which resulted in an enormous lack of grant spending within the curiosity of overdraft,” the audit noticed.
On being identified, CRRID said that efforts can be made to cut back the legal responsibility, although last reply is awaited.
Non-receipt of grant from ICSSR, Punjab
The CRRID is being supported by ICSSR to the extent of 45% grant, with matching grant of 45% from the Punjab authorities and the remaining 10% funds are to be organized by this institute at its personal degree.
Throughout take a look at examine of data, it was seen that grant of Rs 49.48 lakh had not been obtained by this division for the yr 2023-24 to date.
Non-recovery of visitor room costs of Rs 1.32 lakh
Throughout take a look at examine of data, it was seen that the division of animal husbandry, Punjab, had booked school visitor rooms at CRRID from 22.01.2024 to 24.01.2024. It was additional seen that towards the reserving, invoice for Rs 1,32,300 has been raised however the identical had not been obtained by the division to date.
Rule 9 of Basic Monetary Guidelines, 2017, envisages that it’s the obligation of the division involved to make sure that the receipts and dues are accurately and promptly assessed, collected and duly credited to the federal government/related accounts.
On being identified, CRRID said that a number of telephonic and e mail requests have been made by the director and the division involved of CRRID to the officers involved of the animal husbandry division, Punjab, to launch the quantity to CRRID towards the reserving of the rooms.
Extra expenditure over grant
As per Rule-1 (V) Monetary Laws of Service Guidelines 2010 relevant to CRRID, the director is authorised to incur all needed expenditure on initiatives as per the situations and funds supplied by the funding companies and these powers could be additional delegated to different staff.
Throughout take a look at examine of data, the audit group seen that the division has incurred an extra expenditure of Rs 1,96,048 towards the grant obtained for the initiatives.
On being identified, CRRID said that the surplus quantity incurred on the mission was supplied from the obtainable sources at CRRID. Additionally, as to say the stability quantity from sponsoring company, the assertion of UC and progress report must be despatched. As soon as the stability quantity is obtained, the surplus quantities incurred are adjusted, they mentioned.
About CRRID
The CRRID, an autonomous analysis institute, was registered as a scientific and academic charitable society underneath the Indian Societies Registration Act, 1860, within the Union Territory of Chandigarh in July 1978.
It’s among the many 27 analysis institutes within the nation funded by the ICSSR, New Delhi.
The CRRID was accorded the “nationwide standing” in 1984 by the ICSSR, Ministry of Schooling, Authorities of India, in recognition of its contribution to the reason for social science analysis within the broader nationwide perspective.
Since 1984, each the Authorities of India and the Authorities of Punjab have been supporting CRRID in its endeavours by offering monetary grants on matching foundation via the Indian Council of Social Science & Analysis (ICSSR), New Delhi, and the Division of Planning, Authorities of Punjab, Chandigarh.
The Centre can be capable of mobilise sources by the use of mission consulting companies, sale of publication, subscriptions and ads in its quarterly journal “Man and Growth” aside from acquiring donations for the aim of society.
The workplace is located at Plot No. 2A, Sector 19A, Madhya Marg, Chandigarh.
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