The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Jammu

KU VC chairs 7th BAAC meeting, says varsity adopting e-billing module for complete transparency

INS Desk by INS Desk
June 12, 2023
A A
KU VC chairs 7th BAAC meeting, says varsity adopting e-billing module for complete transparency
Share on FacebookShare on TwitterWhatsappTelegramEmail

Srinagar, June 12: Vice-Chancellor, University of Kashmir, Prof Nilofer Khan on Monday chaired the 7th meeting of the Budget Assessment and Approval Committee (BAAC) and said the University is shortly switching over to a complete e-billing module under a modified version of its online Budget and Finance Management System (BFMS).

RELATED POSTS

No Need to Worry, Timings Not Final, Can Be Adjusted: Edu Minister Sakina Itoo

Tourism in Kashmir reviving after Pahalgam attack: Union Tourism Minister Gajendra Singh

Pak wants to derail J&K’s progress, break our unity: LG Sinha

The e-billing module enables processing of bills in an e-mode and their routing through the University’s Administrative Management System (AMS), for online approvals and payments. It also includes online stock entry/management including the issue/return information, retention of document history and HTML view of the bills.

The new system, the VC said, will further strengthen the University’s fiscal management and lead to full transparency and accountability therein.

The University has already successfully adopted the online BFMS for all budget operations, including allocations under the Revenue, Local Fund and Self-Finance heads. The BMFS also generates auto-filled WDCs of bill details, besides displaying the amount utilised/unspent under a particular head.

The VC also stressed on timely submission of bills, timely release of payments and strict adherence to codal procedures governing procurements in line with the duly-allocated budget under various heads.

The BAAC headed by the VC includes external members and has evolved as a robust platform to evaluate proposals from various units of the University—duly endorsed by departmental committees—during presentations made by the respective HODs before the Committee. It is followed by a mid-term expenditure review of the utilisation of funds to assess performance measurement of individuals and spending units, and, alongside, identify the gaps, if any, for further improvement.

The 7th BAAC members include Prof Mushtaq Ahmad Siddiqui, former VC, Islamic University; Prof Mohammad Ishaq Wani, former Director General, Accounts and Treasures, J&K Government; Mr Altaf Hussain Mirza, ex-Director General Accounts and Treasures, J&K Government; Dean, Academic Affairs KU, Prof F A Masoodi; Dean Research KU, Prof Irshad A Nawchoo; Registrar KU, Dr Nisar A Mir; Prof Mushtaq A Darzi, Department of Management Studies, KU; Director Finance, KU, Mr Bashir Ahmad Haji and Joint Registrar (Budget and Creation), KU, Dr Ashfaq A Zarri.

Buy JNews
ADVERTISEMENT

The Registrar Dr Nisar A Mir also highlighted the University’s budget approval and monitoring mechanisms, whilst the BAAC members also offered their valuable suggestions.

Earlier, Dr Ashfaq A Zarri gave a detailed power-point presentation to highlight the budget status of the University, action taken on 6th BAAC recommendations, and key features of the modified e-billing module under BFMS.

The 7th BAAC will continue for next three days.

Previous Post

Haj aspirants falling within GWL No. 1644 to 2000 asked to submit Passports within 02 days

Next Post

Light rains forecast as temp rises in J&K

INS Desk

INS Desk

Related Posts

Will seek suggestions from all stakeholder on academic session restoration: Sakina Itoo
Regional

No Need to Worry, Timings Not Final, Can Be Adjusted: Edu Minister Sakina Itoo

July 8, 2025
Tourism in Kashmir reviving after Pahalgam attack: Union Tourism Minister Gajendra Singh
Regional

Tourism in Kashmir reviving after Pahalgam attack: Union Tourism Minister Gajendra Singh

July 7, 2025
LG chairs 35th University Council Meeting of SKUAST-K
Regional

Pak wants to derail J&K’s progress, break our unity: LG Sinha

July 7, 2025
3 persons killed in Kishtwar accident
Regional

2 dead, 7 injured in twin accidents

July 7, 2025
Will seek suggestions from all stakeholder on academic session restoration: Sakina Itoo
Regional

Schools to reopen tomorrow: Minister Itoo

July 7, 2025
Take stern action against those violating law: IGP
Regional

Elaborate arrangements in place for smooth passage of Ashura processions: IGP Birdi

July 6, 2025
Next Post

Light rains forecast as temp rises in J&K

2 militants killed along LoC in Kupwara: Police

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




NC-Cong would comfortably get majority: Omar

Hope J&K makes its way into the world Marathons: CM Omar

October 20, 2024

Video: “Panner Dam” in Tral face neglect, locals demand up-gradation as health resort

August 13, 2018

Government keen to widen growth of agriculture, horticulture sectors: Choudhary

June 10, 2022

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.