Approval from the finance department now required for bills exceeding 500,000 rupees.
Thiruvananthapuram: The state govt on Wednesday tightened treasury control further by reducing the limit up to which the bills can be cleared without any restrictions from Rs 25 lakh to Rs 5 lakh. Thi...
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In Thiruvananthapuram, the state government has further tightened treasury control by lowering the limit for clearing bills without restrictions from Rs 25 lakh to Rs 5 lakh. This new restriction also applies to local bodies, impacting their payments. Any bills exceeding Rs 5 lakh will now require approval from the finance department, possibly causing delays in bill clearance and affecting the state administration. A letter regarding this treasury control update from the additional chief secretary (finance) has been circulated to all treasury officers. The Centre has permitted the state government to borrow an additional Rs 4,200 crore for Onam expenses out of the total borrowing limit of Rs 37,512 crore for the financial year. To address the financial crisis, the state government is considering resizing the State Plan by focusing only on essential projects due to challenges in meeting financial commitments, including salary and pension payments and pending bills.Submit the planned expenditure.