FD nod to 25% funds under Capex budget

Deptts not to utilize sanctioned funds to clear liabilities

Irfan Tramboo
SRINAGAR, Nov 3: In a move which is going to speed up the ongoing developmental works across Jammu and Kashmir, the Finance Department has sanctioned the release of a further 25% of funds under the Capex Budget while as the departments have been directed not to utilize the sanctioned funds to clear the liabilities of previously carried out works.
The sanction has been accorded for all the Departments as well as the districts across the UT for which half of the funds have already been sanctioned while the sanctioned funds have been authorized under processes of land compensation and other developmental works.
The officials said that the Department has conveyed authorization to the release of further 25% funds under the UT and District Capex Budget in respect of all the departments and Districts for the works under which 50% of funds stand already released.
“…besides funds including previous releases are also authorized under Land Compensation, Utility Shifting, Cities & Towns (PW(R&B) Department, Mechanical Engineering Department, Kashmir/ Jammu (PW(R&B) Department) and Mughal Road (PW(R&B) Department),” the officials said.
While as the authorization has been accorded, the Department has the same subject to the number of conditions which the departments have been directed to follow in letter and spirit.
Even as the Departments with liabilities from previously carried out works have been directed not to clear the liabilities from the funds sanctioned, rather utilize the same for the ongoing works. “Departments will ensure that no liability shall be drawn and all works are physically ongoing as on date,” the directives issued in this regard stated.
The Finance Department has also directed the District Statistical & Evaluation Officers (DEOs) advised to physically verify the projects within one month and furnish a report to the Finance Department. “The works shall be completed within the timeline as per e-NIT/ Work allotment orders; it is to be ensured that AA/TS prior to the execution of every work is in place,” the officials said.
While the Departments have been directed to ensure completion of those works which are targeted to be completed in the financial year 2021-22, the Finance Department has also ordered that e-tendering and all other required provisions of GFR 2017 should be duly followed.
The Finance Department at the same time has directed all the departments to furnish the detailed report to the Finance Department at the closure of the financial year 2021-22 about the status of progress of completion of works.