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State to adopt double accounting system for transparency in civic bodies: UP govt

Press Trust of India  |  Lucknow 

government Wednesday decided to implement double-entry system for local bodies involving identification and enlisting of all their assets and liabilities with provisions for the people to see the data.

The decision to implement the double-entry system, as suggested by the (CAG) to ensure transparency, was taken at a Cabinet meeting chaired by

"With a view to ensure transparency in local bodies, we will be implementing the double-entry as suggested by the CAG," said.

The procedure involves opening each year a enlisting all the identified assets and liabilities of civic bodies after their physical verification besides updating and creating their records with approval of the municipal councils, the said.

"It will be done in next 24 months and all the assets and liabilities of the local bodies will be identified and shown so that the people will know how their authorities are functioning," he said.

In another decision, the state Cabinet approved a scheme worth Rs 600 crore to supply treated water from to Jhansi, which has been facing water scarcity for long.

"There was water crisis in Jhansi. It has been decided to treat water of and supply it to the district. This will be a Rs 600 crore scheme and will be started soon," the minister said.

It would be implemented by Jhansi Nagar Nigam under Amrut scheme with 50 per cent of funding by the Centre, 30 per cent by the UP government and 20 per cent by the local bodies, he said.

The Cabinet also approved a Rs 100 cr project to set up a plant at to make fuel from plastic waste.

"Under the project costing Rs 100 crores, plastic waste will be used to make fuel. It will be established in under public private partnership (PPP) model and the government will give 30 per cent subsidy for the project," the minister said.

The also decided to amend the UP Real Estate (Regulation and Development) Act 2016 with an aim to protect the interests of buyers, said

In a bid to promote tourism industry, the Cabinet also decided to expand the area of 11 tourism circuits in the state, Sharma said, adding it also sanctioned funds to build pantoon bridges, culverts and execute other works for the Kumbh 2019.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 18:45 IST