KNZ NEWS DESK
JAMMU, January 11 :
- I can see green shoots of fiscal order because of the systematic changes made so far.
- Reforms have now set the stage for meaningful public policy interventions.
- Fiscal deficit previously estimated at around 9.5 per cent has actually turned out to be around 5.7 per cent.
- The minimum wages of unskilled workers were raised from Rs. 150 to Rs. 225, while those of skilled labour to Rs. 350 from Rs. 225. A new category of highly skilled worker was introduced and Rs. 400 was fixed as the minimum wage.
- Good finance is not an end in itself; it is a means to a social and humanitarian end. This is especially so in J&K which has gone through unimaginable troubled times.
- The strict discipline of no re-appropriation after December 31st 2017 has resulted in more than 50 per cent of the outlays being spent by December 31st, 2017.
- With the budgetary edifice in place, now is the time to consolidate the fiscal and budgetary reforms at the departmental level sustained and self-generating efficiency gains.
- J&K State Finance Corporation have issued a share buyback offer and have got a good and unexpectedly good response.
- Announces release of 1% DA in favour of State government employees and 7th Pay Commission from April 1st.
