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Financial crisis badly impacts edu sector Lecturers, teachers await salaries 5/25/2015 12:00:25 AM Early Times Report Jammu, May 24: In wake of the growing financial crisis in the state, the education sector is in a bad shape because of inordinate delay in release of monthly salary to college lecturers and to many schoolteachers. A large number of college lecturers, sources told Early Times, had to file income tax return for only 10 out of 12 months as they are yet to receive salary for January and February. The state is beset with severe problem of liabilities and the Finance Ministry says it's keen to clear these liabilities on the priority basis. Till then the old system of adhering to the plan and non-plan activities has been sidelined. But how much time it will take to clear the liabilities, even the experts in the Finance Ministry in the state have no definite answer. The sources said these liabilities were created because of diversion of funds to Rashtriya Madhyamik Shiksha Abhiyan(RMSA) and Rashtriya Uchchatar Shiksha Abhiyan(RUSA). The PDP-BJP government has also framed a number of new schemes, but these schemes are likely to be implemented only after the liabilities are cleared and the state receives additional financial assistance from the Centre, said the sources. They said the financial mess created by the previous NC-Congress coalition government in the shape of poor utilization of funds on state sponsored schemes and the central government sponsored schemes had forced the BJP-led NDA government to release additional funds in instalments. "It all depends on the austerity measures the PDP-BJP coalition government is able to abide by, and once these measures are observed and funds on various projects are spent judiciously, the government may be able to tide over the financial crunch," the sources added.   Share This News with Your Friends on Social Network     Comment on this Story

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