SRINAGAR, JUNE 17: A meeting of the Committee on Public Undertakings was held today at the Legislative Assembly under the chairmanship of MLA Mir Saifullah.
Legislators Ajaz Ahmed Jan, Pawan Kumar Gupta, Shafi Ahmad Wani, Rajiv Jasrotia, Mehar Ali, Reyaz Ahamad Khan, Arjun Singh Raju, Rafiq Ahmad Naik besides Chairman Bureau of Public Enterprises Talat Parvaiz, Secretary JK Legislative Assembly Manoj Kumar Pandit, Accountant General Tsewang Tharchin, DG Accounts & Treasuries Fayaz Ahmad Lone along with senior officers from Finance Department and Legislative Assembly were present in the meeting.
The Secretary, J&K LA briefed the meeting on the objectives and functioning of the committee, which included ensuring legislative oversight of state-owned corporations/undertakings and promoting efficiency, economy and accountability in their operations. He also informed the members that the committee examines and reviews CAG audit reports related to public undertakings, identifies irregularities or inefficiencies, ensures financial discipline, verifies that the government investments are utilized properly and economically, investigates cases of mismanagement and enforces accountability.
The members discussed various aspects relating to the effective functioning of the Committee and its mandate in ensuring accountability, transparency and efficiency in the functioning of public undertakings.
Speaking on the occasion, Chairman Mir Saifullah emphasized the importance of the Committee and highlighted its crucial role in strengthening legislative oversight of public sector undertakings. He stated that the Committee serves as an important link between the government and the people, helping to identify and address the public grievances while ensuring that the intended benefits of various public undertakings reach the people effectively.
The Chairman stressed that the meetings of the Committee should be result-oriented and focused on achieving tangible outcomes in the interest of the public. He urged all the members to actively participate in the proceedings and contribute constructively towards the Committee's work, saying that collective efforts and meaningful discussions are essential for enhancing the Committee's effectiveness.
He further emphasized that the Committee plays a vital role in examining the performance of public undertakings, safeguarding the public interests and ensuring the judicious utilization of public resources.
The Chairman called upon the members to work with dedication and commitment to fulfill the responsibilities entrusted to the Committee.
The members actively participated in the discussions and submitted their valuable suggestions on various matters related to the Committee's functioning. Their inputs were aimed at strengthening the Committee's procedures and enhancing its capacity to effectively monitor and evaluate the performance of public undertakings.
Earlier, Accountant General gave a detailed presentation on the role, powers, procedures and responsibilities of the Committee on Public Undertakings.
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