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<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>
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<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>
<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>
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<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>
<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>
<p>“It is difficult to clear the amount at the last minute so everyone should be aware of this fact,” said Nepal.</p>
<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>
<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>
<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>
<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>
<p>“It is difficult to clear the amount at the last minute so everyone should be aware of this fact,” said Nepal.</p>
<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>
<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>
<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
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<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>
<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>
<p>“It is difficult to clear the amount at the last minute so everyone should be aware of this fact,” said Nepal.</p>
<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>
<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>
<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>
<p>“It is difficult to clear the amount at the last minute so everyone should be aware of this fact,” said Nepal.</p>
<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>
<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>
<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
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<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>
<p>“It is difficult to clear the amount at the last minute so everyone should be aware of this fact,” said Nepal.</p>
<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>
<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>
<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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July 24: Financial Comptroller General’s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. The cheques issued by the government offices till the final day of the last fiscal year 2016/17 will be valid only up to one month of their issuance.
According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.
Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.
“It is difficult to clear the amount at the last minute so everyone should be aware of this fact,” said Nepal.
FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.
FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.
Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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'title' => 'Government-Issued Cheques to Freeze after Aug 14',
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'summary' => 'Financial Comptroller General’s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. ',
'content' => '<p>July 24: Financial Comptroller General’s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. The cheques issued by the government offices till the final day of the last fiscal year 2016/17 will be valid only up to one month of their issuance.</p>
<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>
<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>
<p>“It is difficult to clear the amount at the last minute so everyone should be aware of this fact,” said Nepal.</p>
<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>
<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>
<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
