Para 12.5.4.2 — CAM

12.5.4.2 As per notification dated 19 May, 2011 issued by M/o Finance, Department of Economic Affairs (Budget Division), Indian Government Accounting Standard (IGAS) 2 on “Accounting and Classification of Grants-in-aid” has been introduced in Finance Accounts for the year starting from 2011-12 as disclosure to Statement No.9. It depicts total funds released as Grants-in-aid and funds allocated for creation of capital assets out of the total funds released during the financial year. Grants-in-aid in kind shall also be disclosed in quantitative terms. The statement is prepared in lakhs of Rupees up to two decimals.