• About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service
Tuesday, July 8, 2025
Lake City Times
No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
No Result
View All Result
Lake City News
No Result
View All Result
Home Top News

J&K govt goes for austerity measures to cut expenditure

LCT Desk by LCT Desk
January 16, 2024
in Top News
Reading Time: 2min read
A A
Share on FacebookShare on TwitterWhatsappTelegram

Nasir Azam

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.
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.
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.

READ ALSO

BRICS Summit: PM Modi calls for strong global action against terrorism

BRICS condemns Pahalgam terror attack

Related Posts

Top News

BRICS Summit: PM Modi calls for strong global action against terrorism

July 8, 2025
BRICS Summit: PM Modi calls for strong global action against terrorism

Rio de Janeiro, Jul 7: Prime Minister Narendra Modi Monday participated in the 17th BRICS Summit being held in Rio...

Read more
by LCT Desk
0 Comments
Top News

BRICS condemns Pahalgam terror attack

July 8, 2025
BRICS condemns Pahalgam terror attack

Srinagar, Jul 7: Echoing India’s position for adopting a "zero tolerance" approach towards terrorism the BRICS grouping has condemned the...

Read more
by LCT Desk
0 Comments
Top News

Pak wants to derail J&K’s development journey: Lt Governor

July 8, 2025
Pak wants to derail J&K’s development journey: Lt Governor

Jahangeer Ganaie Anantnag, Jul 7: Describing Pakistan as “terrorist country” Lieutenant Governor Manoj Sinha on Monday accused it of attempting...

Read more
by LCT Desk
0 Comments
Top News

Amarnath Yatra: 23,857 pilgrims pay obeisance on 5th day

July 8, 2025
Amarnath Yatra completes one month

Umaisar Gull Ganie Pahalgam, Jul 7: With the Amarnath Yatra 2025 gaining momentum, the pilgrimage witnessed its busiest day on...

Read more
by LCT Desk
0 Comments
Top News

Schools to reopen today; SED under severe criticism

July 8, 2025
Headless schools in Anantnag takes toll on academics

Riyaz Bhat Srinagar, Jul 7: Following the 15-days summer break, the government Monday decided to reopen the schools in Kashmir...

Read more
by LCT Desk
0 Comments
Top News

Torrential downpour brings relief from heatwave

July 8, 2025
MeT forecasts widespread rains in JK

Owais Gul Srinagar, Jul 7: A major relief from the ongoing heatwave was observed in Jammu and Kashmir on Monday...

Read more
by LCT Desk
0 Comments
Next Post
Public cooperation important to win war against drugs: DGP

Public cooperation important to win war against drugs: DGP

Leave a Reply Cancel reply

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

  • About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service

© 2021 Lake City Times - Premium theme by GITS.

No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper

© 2021 Lake City Times - Premium theme by GITS.