The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

SAC approves reforms to streamline functioning of PSUs

INS Desk by INS Desk
July 3, 2019
A A
SAC approves reforms to streamline functioning of PSUs
Share on FacebookShare on TwitterWhatsappTelegramEmail

Srinagar: The State Administrative Council (SAC) which met here under the chairmanship of Governor, Satya Pal Malik approved streamlining of the procedure for procurement of Goods and Services and award of contracts by Public Sector Undertakings/Autonomous bodies/Societies and to bring transparency, equity, economy of expenditure and financial propriety.
It is important to point out that most of the public sector undertakings/autonomous bodies/Societies in the State of J&K receive significant financial assistance from the Government. However, there have been issues related to transparency, equity and economy of expenditure in the creation of posts and recruitments which henceforth shall be made with the prior concurrence of the Finance Department. There have also been issues related to award of contracts by these bodies.
With today’s decision, no procurement of goods and services shall be made by the Public Sector Undertakings/Autonomous bodies/Societies aided by State Government without following a transparent bidding process. Besides, no contract shall be awarded by Public Sector Undertakings/Autonomous Bodies/Societies without following a transparent bidding process.
Further, no new posts shall be created by the Public Sector Undertakings/ Autonomous bodies /Societies without the prior concurrence of Finance Department and no recruitment against vacant posts shall be made by Public Sector Undertakings/Autonomous bodies/Societies without the prior concurrence of the Finance Department.
Moreover, no recruitment shall be made by Public Sector Undertaking/ Autonomous Bodies/Societies without following a transparent process including inviting applications through advertisements from eligible candidates, irrespective of class of the posts.
The Finance Department has been directed to issue appropriate instructions to these Public Sector Undertakings/Autonomous Bodies/Societies for undertaking necessary amendments in their by-laws / regulations/AoAs as may be required.

RELATED POSTS

PM Modi chairs high-level meeting

CM announces Rs 10 lakh ex-gratia relief for families of deceased

All chartered Haj flights cancelled till May 14

Buy JNews
ADVERTISEMENT
Previous Post

Jumbo Zoo Project revived

Next Post

Governor announces special assistance for 3 year old survivor of Kishtwar accident

INS Desk

INS Desk

Related Posts

PM Modi chairs high-level meeting
Regional

PM Modi chairs high-level meeting

May 10, 2025
CM Omar inaugurates Raabta: Transforming Citizen-Government Interface
Regional

CM announces Rs 10 lakh ex-gratia relief for families of deceased

May 10, 2025
Snowfall: All flights operations cancelled at Sgr Airport
Regional

All chartered Haj flights cancelled till May 14

May 10, 2025
LG chairs 35th University Council Meeting of SKUAST-K
Regional

Reviewed security in border districts: LG Sinha as Pak shelling continues

May 10, 2025
Foreign Secy rebuffs Pak’s claim of India firing missiles toward Afghanistan
Regional

Foreign Secy rebuffs Pak’s claim of India firing missiles toward Afghanistan

May 10, 2025
CM Omar visits residence of ADC Thapa, says Govt stands with his family
Regional

CM Omar visits residence of ADC Thapa, says Govt stands with his family

May 10, 2025
Next Post
3 killed in Anantnag road mishap

Governor announces special assistance for 3 year old survivor of Kishtwar accident

First batch of Hajj pilgrims leaves for Saudi

First batch of Hajj pilgrims leaves for Saudi

Leave a Reply Cancel reply

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




Private Schools to conduct exams for classes 5th to 9th

KU’s UG exams scheduled on January 12, 13 postponed

January 11, 2021
Traffic restored on Srinagar-Leh highway

Traffic halted on Srinagar-Jammu highway

November 5, 2018

35 More Test Positive, J&K COVID-19 Tally Mounts To 701

May 4, 2020

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.