Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: J&K Govt implements stringent cost-cutting measures to curb expenditure 
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Top Stories > J&K Govt implements stringent cost-cutting measures to curb expenditure 
Top Stories

J&K Govt implements stringent cost-cutting measures to curb expenditure 

Irfan Yattoo
Last updated: January 16, 2024 12:18 am
Irfan Yattoo
Published: January 16, 2024
Share
3 Min Read
SHARE
Srinagar, Jan 15: In a move aimed at fiscal prudence, the Jammu and Kashmir government has initiated a series of expenditure management measures, effective immediately. These measures, outlined in a directive issued by Santosh D Vaidya, lAS Principal Secretary to Government Finance Department, are designed to cut costs and promote financial discipline.
Key directives include a prohibition on creating new positions in various departments, restrictions on organizing seminars and conferences outside the Union Territory, and a halt on acquiring new cars. Bureaucrats are now required to travel exclusively in economy class, and official dinners and lunches are subject to specific guidelines.
The directive emphasizes the need to limit revenue expenditure to 0% of the revised budget allocation during the last quarter of the current financial year. In March, expenditure is to be restricted to 15% of the allocation, with payments released only for executed works, goods, and services. The order also discourages advance payments in the last month of the financial year, except for specific cases like loans to government servants, compassionate grounds, or disaster relief.
Directors of Finance/Financial Advisors are tasked with closely monitoring procurement activities to ensure adherence to procedures. Additionally, a 10% economy cut is imposed on budget allocations for various categories, including OE, LTC, telephone, POL, travel, advertisements, publicity, hospitality, and sumptuary activities, the GAD order said.
The directive emphasizes exercising utmost economy in organizing conferences, seminars, and workshops. Events outside Jammu and Kashmir are discouraged, and meetings and conferences at private hotels are prohibited. The budget allocation for camps, conferences, and seminars is subject to a 10% economy cut.
On vehicle procurement, the order discourages the purchase of new vehicles, allowing exceptions only for critical operational requirements, with a 20% reduction against condemnation and Finance Department concurrence. Auction proceeds from condemned vehicles must be deposited as Miscellaneous Revenue.
A complete ban on official dinners and lunches, except those hosted by the Chief Secretary and Lieutenant Governor or with specific approval, has been implemented. Vacant posts for more than two years are to be identified and surrendered, with revival subject to rare circumstances and Finance Department clearance, it further said.
The order extends austerity measures to local funds and mandates compliance with General Financial Rules (GFRS), Central Vigilance Commission (CVC) guidelines, and government instructions for procurement and financial commitments. Administrative Secretaries are responsible for ensuring compliance, and Directors of Finance/Financial Advisors should assist departments and submit an overall compliance report to the Finance Department.
“No fresh financial commitments on items not provided for in the approved budget of 2023-24 without Finance Department approval,” it said.
 
 
 
‘Op Sindoor’ marks firm response to terrorism: Amit Shah
Political landscape heats up as JK gears up for Panchayat Polls
Moon not sighted, Ramadhan to begin from Friday: Grand Mufti
J&K witnesses decline in H1N1 deaths, cases in 4 yrs
Educating women key to societal progress & Viksit Bharat 2047: LG

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Tribunal to adjudicate if Masarat Alam-headed MLJK should be declared banned outfit
Next Article DGP calls for strict clampdown on drug traders & peace disruptors 
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

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

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Tourism comes to grind halt in Sonamarg after Pahalgam terror attack
Kashmir
May 29, 2025
SKUAST-K to establish advanced reproductive biotechnology centre to enhance animal breeding
Kashmir
May 29, 2025
DC calls for intensified action against drug abuse at NCORD review in Gbl
Kashmir
May 29, 2025
Shikara operators continue to ignore mandatory safety protocols
City
May 29, 2025

Recent Posts

  • Tourism comes to grind halt in Sonamarg after Pahalgam terror attack
  • SKUAST-K to establish advanced reproductive biotechnology centre to enhance animal breeding
  • DC calls for intensified action against drug abuse at NCORD review in Gbl
  • Shikara operators continue to ignore mandatory safety protocols
  • IUST partners with government for building safer J&K

Recent Comments

  1. BASHIR AHMAD BHAT on Poor hotel accommodation, lack of medical facilities irk Kashmiri pilgrims in Saudi Arabia, video goes viral
  2. sree vishnu movies on Pahalgam attack shatters Kashmir’s film tourism revival
  3. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  4. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  5. dr gora on Women Veterinarians and the Goal of Viksit Bharat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?