CAPEX Budget: Finance department releases 25 % funds

CAPEX Budget: Finance department releases 25 % funds
Representational ImageFile/ GK

Jammu: Jammu and Kashmir’s Finance department on Wednesday released 25 percent funds under Union Territory/district Capex budget in respect of all the departments and districts for the works under which 50 percent funds were already released.

Besides, the department also authorised the release of 100 percent funds, including “previous releases, under 'land compensation'; utility shifting; Cities & Towns (PW(R&B) department; Mechanical Engineering Department (MED) Kashmir/Jammu (PW(R&B) department) and Mughal Road (PW(R&B) department).”

As per a notification issued by the Finance department, this authorization is conditional. As per the conditions specified, the department will ensure that no liability should be drawn and all works should be physically on-going as on date.

District Statistical and Evaluation Officers (DSEOs) have been asked to physically verify the projects within one month and furnish reports to the Finance department.

The departments have also been asked to ensure that the works should be completed within the timelines as per e-NIT/work allotment orders and Administrative Approval/Technical Sanction (AA/TS) prior to execution for every work is in place.

“The department will ensure that e-Tendering and all other required provisions of GFR 2017 are duly followed. Besides, the departments shall ensure completion of those works which are targeted to be completed in FY 2021-2022. The departments shall furnish the detailed report to the Finance department at the close of FY 2021-22 about status of progress of completion of works,” the notification said specifying the conditions.

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