Kashmir Rays
No Result
View All Result
  • Home
  • J&K
    • Jammu
    • Kashmir
  • Sub-continent
  • Edit
    • Editorial
    • Opinion
  • World
  • Sports
  • More
    • Business
    • Health
    • Science
  • E-Paper
  • Urdu
  • Home
  • J&K
    • Jammu
    • Kashmir
  • Sub-continent
  • Edit
    • Editorial
    • Opinion
  • World
  • Sports
  • More
    • Business
    • Health
    • Science
  • E-Paper
  • Urdu
No Result
View All Result
Kashmir Rays
No Result
View All Result
Home Jammu

J&K government goes for austerity measures to cut expenditure

Unveils measures for balanced pace of expenditure; imposes 10 % cut on advertisements, POL, travel; no new posts shall be created

News Desk by News Desk
January 15, 2024
Reading Time: 2 mins read
A A
0
Govt sacks two more teachers of School Edu Deptt, termination tally reaches 30
0
SHARES
12
VIEWS
Share on Facebook

Srinagar, Jan 15 : In a significant move, the administration of Jammu & Kashmir Union Territory on Monday unveiled a slew of austerity measures for fiscal prudence.

The Finance department today directed departments that the revenue expenditure should be limited to 30 % of revised budget allocation during the last fiscal of the ongoing fiscal. “During the last quarter of the current financial year the revenue expenditure should be limited to 30% of revised budget allocation and in the month of March, the expenditure should be limited to 15% of such allocation,” reads an order issued by the Finance department, a copy of which is in possession of news agency—Kashmir News Observer (KNO).

RELATED POSTS

CM Omar Abdullah inaugurates Travel & Tourism Fair Kolkata-2025

LG Sinha emphasises on spreading the message of compassion, selflessness, and inherent divinity of all beings

The Finance department said that in the last month of the ongoing fiscal, payments shall be made only for the works duly executed, and the goods and services already procured.

It also directed that a rush of expenditure on procurement of goods and services should be avoided during the last month of the current financial year to ensure that codal procedures are complied with and there is no infructuous expenditure.

“Director Finance (s)/Financial Advisor (s) are advised to specially monitor this aspect in their respective departments,” the order states.

It also imposed a 10 percent economy cut on the budget allocation for OE, LTC, POL, travel, advertisements, publicity, hospitality & sumptuary activities.

The government further directed that utmost economy shall be observed in organizing conferences seminars/workshops. “Holding of exhibitions/fairs/ seminars/ conferences outside J&K is strongly discouraged,” the order states.

ADVERTISEMENT

The government also imposed a complete ban on holding of meetings and conferences at private hotels. “Government buildings/halls should be utilized for holding of meetings and conferences instead,” the order states.

The government also imposed a 10% economy cut on the budget allocation for conduct of camps, conferences and seminars.

“Purchase of new vehicles is strictly discouraged. Exceptional cases for meeting critical operational requirements shall be permitted with 20% reduction against condemnation as a replacement measure and with the concurrence of the Finance Department. The already condemned vehicles must be auctioned and auction proceeds deposited as miscellaneous revenue before submitting such a proposal,” the government said.

The government also said that travel expenditure should be regulated so as to ensure that each department remains within the revised allocated budget. “International travel shall not be allowed unless specific permission is granted by the Finance Department,” the government said.

It also imposed a 10% economy cut on the travel expenses budget allocation for 2023-24.

The government also said that there shall be a complete ban on holding of official dinners and lunches, except those hosted by the chief secretary and Lieutenant Governor or with specific approval of the Lieutenant Governor.

It also said that no new posts shall be created and filling of regular posts may be undertaken only through JKSSB/JKPSC routes and with concurrence of the Finance Department.

“Posts that have remained vacant for more than two year should be identified for surrender. Such posts should not be revived except under rare and unavoidable circumstances and after seeking clearance from the Finance Department,” reads the order—(KNO)

ShareTweetSendShare
Previous Post

Pahalgam records all-time hottest January day

Next Post

Situation in Kashmir good, but some distance needs to be covered: GoC 15 Corps

Related Posts

CM Omar Abdullah inaugurates Travel & Tourism Fair Kolkata-2025

CM Omar Abdullah inaugurates Travel & Tourism Fair Kolkata-2025

July 10, 2025
LG Sinha emphasises on spreading the message of compassion, selflessness, and inherent divinity of all beings

LG Sinha emphasises on spreading the message of compassion, selflessness, and inherent divinity of all beings

July 7, 2025

LG congratulates SKUAST Kashmir for creating competent and competitive human resource, shaping up farm sector in J&K UT 

J&K’s future lies in hands of young scientists: CM Omar at SKAUST-K Convocation

CM flags off fleet of water tankers to strengthen drinking water supply in Kashmir

Union Minister Rajiv Ranjan, CM Omar Abdullah jointly review Animal Husbandry & Fisheries Sector in J&K

Lieutenant Governor pays obeisance at Daati Maa Dev Sthan in border village of Changiya, Arnia Jammu

First batch of 5,485 Amarnath pilgrims reaches Qazigund

Shri Amarnath Ji Yatra-2025: Lieutenant Governor flags off the first batch of pilgrims

Next Post
2 JeM militants killed in Pulwama encounter

Situation in Kashmir good, but some distance needs to be covered: GoC 15 Corps

Plan to wipe out terror, its ecosystem rolled out in J&K: LG Manoj Sinha

Snowfall must for power projects to run, tourism sector to thrive: LG Manoj Sinha

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

THE LATEST

KU holds special marathon for differently-abled students

CM Omar Abdullah inaugurates Travel & Tourism Fair Kolkata-2025

LG Sinha emphasises on spreading the message of compassion, selflessness, and inherent divinity of all beings

LG congratulates SKUAST Kashmir for creating competent and competitive human resource, shaping up farm sector in J&K UT 

J&K’s future lies in hands of young scientists: CM Omar at SKAUST-K Convocation

CM flags off fleet of water tankers to strengthen drinking water supply in Kashmir

Union Minister Rajiv Ranjan, CM Omar Abdullah jointly review Animal Husbandry & Fisheries Sector in J&K

Lieutenant Governor pays obeisance at Daati Maa Dev Sthan in border village of Changiya, Arnia Jammu

First batch of 5,485 Amarnath pilgrims reaches Qazigund

Shri Amarnath Ji Yatra-2025: Lieutenant Governor flags off the first batch of pilgrims

Shri Amarnath Ji Yatra-2025: Lieutenant Governor visits Baltal, reviews preparedness ahead of Shri Amarnath Ji Yatra

CM Omar Abdullah calls for revival of Buyer-Creator relationship at SKICC Meet

LG asks families of terror victims to submit their cases to concerned Deputy Commissioners

About

Kashmir Rays is a daily Urdu language newspaper from Srinagar, Jammu and Kashmir. We are committed to uphold the principles of free and fair journalism. Our motto is to provide true reportage of events as they unfold.

News By Topic

  • Business
  • Editorial
  • Education
  • Health
  • In Pics
  • Jammu
  • Kashmir
  • Ladakh
  • Latest
  • Lead
  • Local
  • Opinion
  • Politics
  • Press Release
  • Rajouri
  • Science
  • Second Lead
  • Sports
  • Sub-continent
  • Tech
  • Uncategorized
  • Video
  • Weather
  • World

More Info

  • Disclaimer
  • Team
  • Contact Us
  • About

© 2021 Kashmir Rays | Designed by Buucket

No Result
View All Result
  • Home
  • J&K
    • Jammu
    • Kashmir
  • Sub-continent
  • Edit
    • Editorial
    • Opinion
  • World
  • Sports
  • More
    • Business
    • Health
    • Science
  • E-Paper
  • Urdu

© 2021 Kashmir Rays | Designed by Buucket