Releases remaining 25 % Capex funds
By: Ibni Maqbool
Srinagar: The Jammu and Kashmir government has directed all the departments and Deputy Commissioners to furnish a detailed report at the end of ongoing financial year about status of progress of completion of works.
In an order, the Finance department has directed the departments/district development commissioners to ensure completion of those works which are targeted to be completed in the current financial year. “The departments/DDCs shall furnish the detailed report to the Finance department at the close of financial year 2021-22 about status of progress of completion of works,” reads an order issued by the Finance department, a copy of which is in possession of The Precious Kashmir.
The Finance department has issued these directions while releasing remaining 25 percent funds under UT and district capex out of approved budget estimates of 2021-22, taking the cumulative releases to 100 percent.
According to the order, the Finance department has directed all the departments and district development commissioners to ensure that no liability shall be drawn and all works are physically on-going as on date.
“District statistical & evaluation officers (DSEOs) are advised to physically verify the projects within one month and furnish reports to the Finance Department. The works shall be completed within the timelines as per e-NIT/Work allotment orders,” the order further states.
The department has further directed them that e-tendering and all other required provisions of General Financial Rules -2017 are duly followed.
