Govt releases more 25% district Capex Budget for deptts, districts

Srinagar, Nov 03: The Jammu and Kashmir government on Wednesday accorded sanction to release of more 25 percent budget under District Capital Expenditure (Capex) 2021-22 in favour of all departments and districts for the works.

It is notable to mention here that 50 per cent of the funds have already been released by the government in June this year.

An order issued by the Finance Department under number FD-BDGT0GEN/20/2-21-03-FINANCE DEPARTMENT, dated 03-11-2021, a copy of which lies with the news agency—Kashmir News Observer (KNO), reads that “Finance Department conveys authorization to the release of further 25% funds under UT and District Capex Budget in respect of all the Departments & Districts for the works under which 50% funds stand already released, besides 100% funds including previous releases are also authorized under ‘Land Compensation’, Utility Shifting, Cities & Towns (PW(RB&B) Department), Mechanical Engineering Department (MED) Kashmir/Jammu (PW(R&B) Department) and Mughal Road(PW(R&B)Department).”

According to the order, the authorization is subject to several conditions including the department will 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 report to the Finance Department. The works shall be completed within the timelines as per e-NIT/Work allotment orders,” it said.

“AA/TS prior to execution for every work is in place. e-Tendering and all other required provisions of GFR 2017 are duly followed. The Departments shall ensure completion of those works which are targeted to be completed in FY,2021-2022 and the departments shall furnish the detailed report to Finance Department at the close of FY,2021-22 about status of progress of completion of works,” it added

Please follow and like us:

Leave a Reply

Your email address will not be published.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

error

Enjoy this blog? Please spread the word :)