Covid-19 Fallout: J&K To Cut Expenditure Within 20% Of Budget Estimates In Q1


Employee cost in respect of wage arrears, LTC, Leave encashment, might not be made in the course of the interval of April-June 2020 with out the prior consent of the finance division.


Srinagar, April 30: In a transfer to handle monetary instability prompted resulting from outbreak of Covid-19 and dwindling financial actions, the Jammu and Kashmir authorities has determined to limit total expenditure inside 20 per cent of funds estimates within the first quarter.The authorities has specified that workers will get solely common salaries with little one schooling allowance from Apr-Jun 2020.

In the wake of the prevalent state of affairs, the federal government on Wednesday mentioned that the division are required to limit the general expenditure inside 20 per cent of funds estimates, 2020-21 in first quarter (April-June 2020).

A round on this regard was issued by the Finance Commissioner, Finance Department, Arun Kumar Mehta, which states, “The employees will only get their regular salaries including Child Education Allowance.”

It added that cost in respect of wage arrears, LTC, Leave encashment, might not be made in the course of the interval of April-June 2020 with out the prior consent of the finance division.

It additional added that transport allowance shall not be drawn in respect of workers who haven’t attended the workplace in the course of the lockdown interval.

The round additional reads that advance cost for medical therapy could be given to emergency circumstances solely, including that the workplace bills can be given to solely dedicated liabilities which can’t be averted.

It went on to say that expenditure on different non-salary heads together with minor works, GIA might not be incurred with out the prior consent of finance division, including that in case of Capex/plan funds, expenditure on important actions will be initiated after the formulation of the plan and importing the work clever exercise on the BEAMS with prior approval of the division.

 

 

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