Thiruvananthapuram: The state government has implemented stricter controls on treasury spending by reducing the threshold for bill clearance without restrictions from Rs 25 lakh to Rs 5 lakh. This change also affects local bodies, requiring approval from the finance department for bills exceeding Rs 5 lakh. The additional chief secretary (finance) has circulated a letter outlining these new restrictions 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 approved borrowing of Rs 37,512 crore for the financial year. To address the financial difficulties, the state government is considering resizing the State Plan to focus on essential projects, acknowledging challenges in meeting salary, pension, and pending payment commitments.Submit the Plan expenditure.
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...