TAILIEUCHUNG - GOVERNMENT ACCOUNTING RULES, 1990

The purpose of environmental-economic accounting is to supplement the conventional national accounts (UN SNA 2008) with tables which inform policymakers of environmental and natural resource availability, use, depletion and degradation. Through such accounts, economic performance measured by aggregates like Gross Domestic Product, Net National Income, Final Consumption, Net Savings, Imports and Exports, Assets and Liabilities or Employment can be balanced by natural capital indicators that describe the opportunities and constraints, benefits and costs, efficiency of resource use, and externalities that arise in relation to interactions with the environment. Implementation of environmental-economic accounts has been recognised as an important step towards: sustainable development (see Agenda 21 of 1992); the measurement of economic progress (see Beyond GDP and the so-called. | GOVERNMENT ACCOUNTING RULES 1990 Preamble - In exercise of the powers conferred by Article 150 of the Constitution the President on the advice of the Comptroller and Auditor General hereby makes the following basic rules relating to the form of accounts of the Union and States. This compilation incorporates also the general principles of Government accounting laid down by the Comptroller and Auditor General for the guidance of Government Departments namely - Chapter I - INTRODUCTORY 1. Short Title and Commencement. These rules may be called the GOVERNMENT ACCOUNTING RULES 1990 and will come into force with effect from 1st April 1990. 2. Definitions In these rules unless the context otherwise requires a Accountant General means the Head of an Office of Accounts subordinate to the Comptroller and Auditor General of India. b Bank means any branch of the State Bank of India acting as the agent of the Reserve Bank of India in accordance with the provisions of the Reserve Bank of India Act 1934 2 of 1934 any branch of a subsidiary bank as defined in section 2 of the State Bank of India Subsidiary Banks Act 1959 38 of 1959 which is authorised to transact Government business as agent of the State Bank of India or any branch of a bank as may be appointed by the Reserve Bank of India as its agent under the provisions of sub-section I of section 45 of the Reserve Bank of India Act 1934 2 of 1934 c Chief Accounting Authority means the Secretary of a Ministry or Department of the Government of India in which the Departmentalised System of Accounting has been introduced and in the case of a Union Territory with separated accounts its Chief Secretary Chief Commissioner. d Civil Accounts Officer means an Accounts Officer subordinate to the Comptroller and Auditor General or a Principal Accounts Officer and or Pay and Accounts Officer functioning under the Scheme of Departmentalisation of Central Government Civil Accounts or under separated accounts set up of a Union Territories .

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