SAC approves reforms to streamline functioning of PSUs in J&K

Srinagar: The State Administrative Council (SAC) has approved streamlining of the procedure for procurement of Goods and Services and award of contracts by Public Sector Undertakings, Autonomous bodies and Societies and to bring transparency, equity, economy of expenditure and financial propriety.
The approval was given by SAC which met here under the chairmanship of Governor Satya Pal Malik, an official spokesman said late Wednesday night.
He said that most of the PSUs, autonomous bodies and Societies in the State receive significant financial assistance from the Government. However, there have been issues related to transparency, equity and economy of expenditure in the creation of posts and recruitments which henceforth shall be made with the prior concurrence of the Finance Department. There have also been issues related to award of contracts by these bodies.
With this decision, no procurement of goods and services shall be made by the PSUs, Autonomous bodies and Societies aided by state Government without following a transparent bidding process. Besides, no contract shall be awarded by PSUs, Autonomous Bodies and Societies without a transparent bidding process, he said.
Further, no new posts shall be created by the PSUs,  Autonomous bodies and Societies without the prior concurrence of Finance Department and no recruitment against vacant posts shall be made by them  without the prior concurrence of the Finance Department.
Moreover, no recruitment shall be made by  them without a transparent process including inviting applications through advertisements from eligible candidates, irrespective of class of the posts.
The Finance Department has been directed to issue appropriate instructions to these PSUs, Autonomous Bodies and Societies for undertaking necessary amendments in their by-laws, regulations and  Annals of Applied Statistics (AoAs) as may be required.