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 Jammu

Govt orders Austerity, Economic Measures

INS Desk by INS Desk
December 6, 2021
A A
Share on FacebookShare on TwitterWhatsappTelegramEmail

 

RELATED POSTS

DG ITBP calls on LG Sinha

Water supply to remain affected in Sgr areas tomorrow

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

Srinagar, Dec 6: The government on Monday announced various economy and austerity measures in order to promote fiscal discipline in overall working of all departments and autonomous Bodies funded by it.

In an order issued here, the administration said that the measures have been announced to ensure balanced pace of expenditure without restricting the operational efficiency of the Government.

All the Government Departments and Autonomous Bodies funded by it have been ordered to adhere to the economy and austerity measures which among others include balanced pace of expenditure.

“During the last quarter of the current financial year the expenditure should be limited to 30% of budget allocation and in the month of March, the expenditure should be limited to 15% of the Budget Estimates,” reads the order.

In the last month of the current financial year, payments may be made only for the goods and services actually procured and for reimbursement of expenditure already incurred, it said. “Hence, no amount should be released in advance (in the last month) with the exception that advance payments to contractors under terms of duly executed contracts so that Government would not renege on its legal or contractual obligations.

Among exceptions include any loans or advances to Government servants etc. or private individuals as a measure of relief and rehabilitation as per service conditions or on compassionate grounds.

Buy JNews
ADVERTISEMENT

The government said that rush of expenditure on procurement should be avoided during the last month of the current financial year so as to ensure that all procedures are complied with and there is no infructuous or wasteful expenditure.

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

The government also announced 10% economy cut on OE, LTC, Telephone, POL, Research & Survey and Hospitality & Sumptuary out of the Budget Estimates 2021-22.

“Utmost economy shall be observed in organizing Conferences/ Seminars/ Workshops. Only such conferences, workshops seminars, etc. which are absolutely necessary, should be held.”

Holding of exhibitions/ fairs/ seminars/ conferences outside J&K is strongly discouraged except in the case of exhibition for tourism/art & craft/investment promotion, the order reads further.

“There shall be complete ban on holding of meetings and conferences at private hotels. Government buildings/ Premises should be utilized for holding of meetings and conferences instead.”

There shall be 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, the order reads further.

The administration also imposed 10% economy cut on conduct of camps and seminars out of the Budget Estimates 2021-22
Regarding Purchase of vehicles, the government permitted new vehicles to be purchased only against condemnation as a replacement measure.

The government said that travel expenditure should be regulated so as to ensure that each Department remains within the allocated budget. “Re-appropriation/ augmentation proposals on this account will not be entertained. International travel shall not be allowed unless specific permission is granted by the Finance Department.”

Within the country, the officers should travel only by economy class regardless of entitlement, it said.

“Facility of Video Conferencing may be used effectively and travel for the purpose of attending meetings should be avoided to the extent possible.”
In all cases of air travel, the government said, the lowest air fare ticket available for entitled class shall be availed.

The government also ordered that no furniture shall be procured out of the available funds.

Previous Post

SWD verifies safety of all COVID Orphans

Next Post

Kashmir, Ladakh Reels Under Freezing Cold Conditions; Drass Records Minus 18.4°C, Gulmarg Minus 7.0°C

INS Desk

INS Desk

Related Posts

DG ITBP calls on LG Sinha
Regional

DG ITBP calls on LG Sinha

July 1, 2025
Water supply to remain affected on Oct 30-31 in Sgr areas
Regional

Water supply to remain affected in Sgr areas tomorrow

June 30, 2025
CM Omar calls for revival of Buyer-Creator relationship at SKICC Meet
Regional

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

June 30, 2025
“I Was the Chief Minister of a State… Now of a Union Territory — This Must Be Corrected Soon”: Omar at Katra event
Regional

Govt has made all arrangements for smooth Amarnath Yatra: CM Omar

June 30, 2025
Under PM’s guidance, J&K Govt changed lives of tribal communities in 4 years: LG
Regional

All arrangements in place for peaceful, successful Amarnath Yatra: LG Sinha

June 30, 2025
Sajad Lone, Hakeem Yaseen, JeI-backed JDF launch ‘’People’s Alliance for Change’
Regional

Sajad Lone, Hakeem Yaseen, JeI-backed JDF launch ‘’People’s Alliance for Change’

June 30, 2025
Next Post
Night Temperature Rises Slightly As Kashmir Valley Braces Up For Snowfall

Kashmir, Ladakh Reels Under Freezing Cold Conditions; Drass Records Minus 18.4°C, Gulmarg Minus 7.0°C

J&K Delimitation Commission Endeavours To Complete Exercise As Early As Possible: MHA

J&K Delimitation Commission Endeavours To Complete Exercise As Early As Possible: MHA

Leave a Reply Cancel reply

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




5675 Kashmiri migrants provided govt jobs so far: MHA

5 soldiers killed along Indo-Pak border in last 3 years: MHA

December 3, 2024
Srinagar councilors administered oath

Kulgam: Municipal Committee Members Take Oath

October 30, 2018
Midnight firing creates panic in Sopore

Cattle trader killed, another injured in army firing in Ramban district

August 5, 2018

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.