Wednesday, May 8 2024 | Time 23:12 Hrs(IST)
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India


Financial reform key instrument in all round developments of J&K : MHA

Financial reform key instrument in all round developments of J&K : MHA

New Delhi, Aug 5 (UNI) The Government of Jammu and Kashmir has undertaken a number of structural and financial reforms for bringing in transparency, probity and speed in the functioning of institutions and financial transactions, the Home Ministry officials said.
According to the officials, the reforms have been introduced in financial sector by merging ‘Finance and Planning’ to prevent duality of funding sources, which has resulted in much greater financial discipline and greater control over expenditure.
In the industries department for example, synergies between the handlooms and handicrafts departments are sought to be tapped while loss making or redundant units have been examined for closure.

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