• About Us
  • Contact Us
  • Our Team
  • Advertise with Us
  • Contributors
  • FAQ
  • Privacy Policy
  • Terms of Service
Friday, October 2, 2026
The Kashmir Horizon
EPAPER
  • HOME
  • Region
  • City News
    • Srinagar
    • Jammu
  • News In Focus
  • Opinion
    • Editorial
    • Ideas
    • My Idea
    • Friday Faith
    • Letter to the Editor
  • Business
  • Sports
  • India
  • World
  • Snapshots
  • ePaper
No Result
View All Result
The Kashmir Horizon
  • HOME
  • Region
  • City News
    • Srinagar
    • Jammu
  • News In Focus
  • Opinion
    • Editorial
    • Ideas
    • My Idea
    • Friday Faith
    • Letter to the Editor
  • Business
  • Sports
  • India
  • World
  • Snapshots
  • ePaper
No Result
View All Result
The Kashmir Horizon
No Result
View All Result
Home Business

Guv reviews financial mgmt issues

KH Business Desk by KH Business Desk
August 8, 2018
in Business
A A
Share on FacebookShare on TwitterWhatsappTelegramEmail

Srinagar: In a meeting held at the Raj Bhavan Tuesday Principal Secretary Finance, Mr. Navin K. Choudhary gave a detailed presentation to Governor N.N. Vohra on the execution of current year’s budget, the obtaining fiscal and revenue position and the various salary related and other emerging fiscal problems. He informed the Governor that while revenue expenditure is taking place at its own pace, the pace of developmental expenditure needs to be speeded up so that the targets fixed for the year are achieved.

Governor re-iterated his serious concern for maintaining financial prudence, ensuring against any kind of wasteful expenditure, utilisation of available resources for securing  the maximum possible benefit for the people, while adhering to financial rules and regulations to ensure transparency and accountability of public expenditure. Governor had convened this meeting to review the current status of State finances, macroeconomic parameters and other emerging challenges.

Appreciating the functioning of the Expenditure Management Cell in the Finance Department, Governor emphasized the need to use IT tools to regularly monitor all expenditures. He directed that all releases should be timely made through BEAMS and PFMS and DBT Portal should be fully operationalized for capturing all expenditure data to ensure transparency.

Governor directed Principal Secretary Finance to closely scrutinize the entire Budget to ensure against any avoidable expenditure and all resources being used for the completion of all incomplete projects. He also directed that the contracting and procurement processes should be revamped to bring them in line with the best practices elsewhere.

While expressing regret on the very slow progress to regularize the services of casual labourers, need based workers etc., Governor directed that all Administrative Secretaries should be urgently informed to personally monitor the urgent submission of cases to the Finance Department for approval and if they found that the number of casual workers shown against their Departments are in- correct, the same must be immediately corrected. Governor emphasized the need to have a full clarity regarding the exact number of eligible workers who have to be regularized.

Governor  reviewed the Aadhaar Based Biometric Attendance System and directed its urgent completion and asked Finance Secretary to link it with the Centralized Personnel Information System (CPIS) and Leave Management System to secure a complete data base on each individual employee alongwith their attendance and leave status online. He directed that all Administrative Secretaries should be advised to update the data on CPIS and get integration done with ABBAS.

To curtail the continuing delays in the disposal of files/papers in various offices, Governor directed Finance Secretary to work out a strategy with IT Secretary for introduction of File Tracking System in all offices of the Civil Secretariat. He complimented Finance Secretary for having successfully introduced this system in his own office.

Governor observed that he would address Union Finance Minister and request very early concurrence for raising of Rs.3500 crores State Power Bonds to clear Power Purchase liabilities which, interalia, will result in financial savings of approx Rs.500 crores on annual basis. He also directed the Finance and Planning Departments to closely monitor reimbursement of funds under PMDP and CSS by various concerned Central Government Departments and to keep him informed.

Finance Secretary informed Governor that the tendering process for Group Mediclaim Insurance Policy for employees and pensioners has been completed and a note for consideration of the SAC is being sent to the Chief Secretary.

KH Business Desk

KH Business Desk

Related Posts

DDC Bandipora reviews progress on Jal Jeevan Mission, Directs timely completion of schemes

DDC Bandipora reviews progress on Jal Jeevan Mission, Directs timely completion of schemes
by KH Business Desk
October 2, 2026

Bandipora : District Development Commissioner (DDC) Bandipora, Indu Kanwal Chib, Thursday  chaired a meeting of the District Water and Sanitation...

Read moreDetails

Asian Paints Launches Hydronaa, Ultraa Wood Adhesives With 384-Sq-Ft Wooden Mosaic

Asian Paints Launches Hydronaa, Ultraa Wood Adhesives With 384-Sq-Ft Wooden Mosaic
by KH Business Desk
October 2, 2026

Srinagar :Asian Paints Wood Adhesives has launched two new products, Hydronaa and Ultraa, as part of its expansion of its...

Read moreDetails

JKEDI B’la hosts Second Boot Camp under Startup Idea Challenge 2.0 at GDC Pattan

JKEDI B’la hosts Second Boot Camp under Startup Idea Challenge 2.0 at GDC Pattan
by KH Business Desk
October 2, 2026

Srinagar | Oct, 01:The Jammu & Kashmir Entrepreneurship Development Institute (JKEDI), District Centre Baramulla, organized its second Boot Camp under...

Read moreDetails

State Taxes Enforcement team Kathua intensifies GST compliance drive

State Taxes Enforcement team Kathua intensifies GST compliance drive
by KH Business Desk
October 2, 2026

₹1.77 Cr penalty realised till September; over 33 lakh e-Way Bills verified   Kathua | Oct, 01:The State Taxes Department...

Read moreDetails

JMC holds Stakeholders’ meeting to clarify notices

JMC holds Stakeholders’ meeting to clarify notices
by KH Business Desk
October 2, 2026

Traders Assured Support, Guidance Jammu :In view of concerns arising among the trading community following notices issued by the Jammu...

Read moreDetails

J&K Bank drives green mobility initiative at IIM Jammu under CSR

J&K Bank drives green mobility initiative at IIM Jammu under CSR
by KH Business Desk
October 1, 2026

MD & CEO Amitava Chatterjee flags off 71 bicycles, calls it investment in healthier living, responsible leadership   Jammu :...

Read moreDetails

About

The publication of “Kashmir Horizon” as an English daily was started with a modest attempt on May 19, 2008.It has been a Himalayan attempt for “The Kashmir Horizon” to survive the challenges posed to journalism in the violence fraught place like Jammu & Kashmir.

MORE

Search in Archive

DIGITAL EDITION

  • About Us
  • Contact Us
  • Our Team
  • Advertise with Us
  • Contributors
  • FAQ
  • Privacy Policy
  • Terms of Service

© The Kashmir Horizon - Designed by Gabfire

No Result
View All Result
  • HOME
  • Region
  • City News
    • Srinagar
    • Jammu
  • News In Focus
  • Opinion
    • Editorial
    • Ideas
    • My Idea
    • Friday Faith
    • Letter to the Editor
  • Business
  • Sports
  • India
  • World
  • Snapshots
  • ePaper

© The Kashmir Horizon - Designed by Gabfire

✕
The Kashmir Horizon

FREE
VIEW