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news details
Regularisation of employees; 7th pay commission from next April; Treasury system to be abolished
JK Budget: Reforms to improve efficiency of government spending, says FinMin
1/11/2017 11:28:49 PM
PS Bali/Asif Iqbal Naik
Early Times Report
jammu, Jan 11: Jammu and Kashmir Finance Minister-Dr Haseeb Drabu today said that focus of this year's Budget is to improve efficiency of government spending, which otherwise remained the most neglected part, causing losses.
While addressing the media outside the assembly, Finance Minister said that they have focused on one single point in this budget, which is how to improve efficiency of spending.
"Every year we spend thousands of crores, but it does not appear on ground because it is inefficiently spent," he said and added this year only government spent over Rs 75 crore.
He maintained that he has focused concentration to bring reforms in the budget, so that some initiatives taken by his shall usher positive results.
"I have taken few initiatives, considering need to bring reforms and if we go with this initiative, it will have positive results on the state economy," Drabu said and added this budget is special, as it brought reforms in three major sectors.
"First of all the budget has been prepared through administrative approach, we brought Interface between government and people, especially government employees with regard to payment and last but not the least, we are also going to abolish traditional treasury system and it shall be replaced by modern system," FinMin Drabu said and added the new and modern system shall be implemented from October this year.
He claimed that reforms in budget shall bring more transparency and speed.
"Due to treasury system, it has been seen that contractors were not happy because of delay in payments, due to which many projects remain hanging in balance," he said and added that they had also contemplated over the issues of employees.
The big issues of the employees remained delay in paying of provident fund, as they have to wait for years to get their own money.
"New System will help employees to get their PF within a day. Moreover, due to old system, the employees associated with centrally sponsored schemes had to wait for months to get their salary, as state government had no provision for them," Drabu said and added the state government had to wait for central funds to disburse it among employees working with centrally sponsored schemes like RMSA, SSA and others.
"This government has first time delinked the disbursement process and has taken the responsibility of employees engaged in central schemes," finance minister said and added that the state government comes under credibility conflicts, if it does not pay salary on time.
He said, the employees are also facing delays in payment of salaries.
"At present, the government employees had to wait for months together to get salaries. We ensure that employees will get their salaries well on time," said Drabu, adding from now onwards, no project and spending will be included in budget, unless DPR is prepared.
On delays of projects, Finance Minister said in reforms, "we have made it necessary for the contractors to complete projects within three years, as delays leads to cost escalation," he said and added that the funding with finance and planning shall decide how much money and how should be spent.
Speaking about new system, minister said from now onwards, finance department shall make 50% allocation of funds by Feb 10, which should be spent by April.
"By May 15, all the tendering and procurement should be made, so that line departments may get money on time," Minister said, adding these reforms shall be implemented from April 1.
He further rectified loopholes in expenditure and said that there used to be submission of over 70-80 percent of expenditure in last quarter. "We have instructed all departments not to make more than 30-40 percent of expenditure in last quarter, as it will provide good time to the government to evaluate the expenditure," said minister.
Talking about daily wagers, consolidated and contractual employees, Dr Drabu said there are over 61000 families consisting of these people, so the government has decided to regularise these people, started from families who had provided land for government projects.
Bringing good news to government employees, Drabu said, after deliberations with the employees representatives, it was decided that 7th pay commission shall be implemented from April next year.
He said that for the first time, the government has decided to provide insurance of government buildings, crops and heritage sites.
"Besides, insurance of above said entities, the government has also provided insurance for over three lakh construction workers. For this JK construction board will tie up with JK Bank," he said and added Rs 10, 000 shall be paid to workers and shall benefit 15 lakh people.
The minister also talked about amending recruitment rules.
BUDGET 2017-18
(HIGHLIGHTS)
General
v Total receipts Rs.76335crore
v Revenue Receipts Rs.58168crore of which:
Own Tax Revenue estimated at Rs. 9931crore.
Share of Central Taxes up at Rs. 9711crore as against figure of Rs. 9500crore in Revised Estimates 2016-17.
Revenue Deficit Grants of Rs.11849crore as againstRs.10831crore in 2016-17.
v Capital Receipts Rs. 18167crore.
v Total expenditure Rs.79472crore.
v Revenue Expenditure (RE) including Security Related Expenditure (SRE) to touch Rs. 48819crore.
v Capital Expenditure (CAPEX) accounts for Rs. 30653crore of which:
Rs. 3955crore for State Sector Schemes.
Rs. 1037crore allocation for District Sector Capital Expenditure.
v Rs. 10000crore under Centrally Sponsored Scheme.
v Rs.8500crore under Prime Ministers Development Programme (TAMEIR)
v Rs. 933crore to be devolved to PRIs and ULBs under 14th FC grants.
v Outgo on pension including leave encashment and NPS during the year 2017-18 at Rs. 5000crore
v A provision of Rs. 25 crore for meeting cost of VRS/GHS in PSUs.
v The Gross State Domestic Product (GSDP) at current prices Rs. 151916crore, which would be equivalent to 14.9 % growth at current prices over the previous year.
v Tax Revenue + Non-Tax Revenue at Rs. 25050crorehigher byRs. 1884crore over the revised target of Rs. 23166crore
v Tax revenue expected to grow by around 17 % over the current years RE.
v Budget structure given a developmental rather than a purely administrative orientation
v Move from the traditional Public Administrative Budgeting to a modern Public Management Approach.
v Budget Estimation, Allocation and Monitoring System" (BEAMS), online computerized system to distribute the budget and to authorize expenditure.
v Treasury System to be replaced by a functionally aligned Pay and Accounts Office (PAO) System.
v Budget control mechanism of audit and invoice checking strengthened at the department level.
v Integrated Financial Management System (IFMS) for online bill processing
v Finance Department and the Planning, Development & Monitoring Department will release 50 per cent of the revenue and Capex budget by 10th February, 2017 authorizing expenditure to be made from 1st April, 2017.
v The administrative departments/HODs/ executing agencies to complete procurement and tendering process by 15th May, 2017.
v For balance Sheet management of corporations, "recall and re-infuse" all the plan funds given so far to all these corporations to shore up the capital base.
v J&K SPDC to become a debt- free company with an equity base of Rs. 3,000 crore.
v Equity infusion of Rs. 532 crore to J&K Bank in two tranches for capital adequacy and growth financing.
v J&K Asset Reconstruction Company in partnership with the J&K Bank set up. The State Government is a majority shareholder in this, while J&K bank holds 49 per cent.
v Comprehensive insurance scheme for nine crops including paddy, wheat, maize, apple, mango, saffron, pulses, and oil seeds against damages from most of the natural disasters including hail, floods, draught etc.
v Insurance of public assets and Government vehicles
v Cultural; Assets like Artefacts, rare manuscripts, paintings to be insured
v Social security net for welfare of the working class.
v For Construction and other Workers, cash credit facility up to Rs.10,000, accidental insurance cover of Rs. 2.00 lac, life insurance cover of Rs. 2.00 lac, health insurance cover of Rs. 30,000, with premiums being paid by the Board on behalf of the workers.
v Manpower Audit for viviat all levels to suggest manpower rationalization
v Revision of all Recruitment Rules within one Financial Year to synchronize job requirements with commensurate educational requirement.
v Implementation of 7th Pay Commission for Government employees in cash from 1st April, 2018.
v Insurance cover be provided to all the serving employees of all categories in Government for a period of five years. Further, it be made optional for pensioners up to a cover of Rs. 6 lacs for the full family unit.
v Inventory management of land buildings, Machinery and Equipment.
v Convergence of all student scholarship schemes.
v Delinking of disbursement of salary from the source of funding of salary.
v Regularization on contractual basis of all those who have given their land to state Government.
v Change of nomenclature of Government employees at lower levels.
v Change of class categorization.
v Interest subvention scheme for public transport vehicle owners.
v Comprehension policy to protect conversion of land.
v Setting up of one Zoo each in Kashmir and Jammu.
v Creation of E-Commerce platform to link 20,000 artisans and weavers.
v 50% interest subvention for setting up of modern walnut processing units.
v Provision of Rs. 5.00 crore to establish CFC at lassipora.
v 50% interest subvention in bank loans to new tannery units.
v Rs. 2.00 crores for fur artisans rehabilitation.
v Creation of land compensation fund at the level of Deputy Commissioner.
v Setting up of "Airwaan-e-Sahaafat", a Kashmir press centre.
v "All Terrain Mountain Bike" scheme for boys with a provision of Rs. 3.00 crore.
v Institute a football league and allocation of Rs. 2.00 crore.
v Setting up of "ShamasFaqeer Institute of Sufi and Folk Music" with an initial provision of Rs. 5.00 crore.
Tax Proposals:
v Extension of tax incentives for 2017-18.
v Incandescent bulbs to be placed in negative list.
v To make major check posts cashless.
v The J&K Passenger Tax Act 1963 shall be administered by the Transport Department.
v Increase advertisement tariffs.
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