Thiruvananthapuram – With the economic crisis becoming more serious, the government has tightened treasury controls. The limit for daily expenditure bills has been reduced from Rs 10 lakh to Rs 5 lakh. Special permission of the Finance Department is required for passing major bills above Rs 5 lakh. The restriction is imposed to ensure money for running costs.
The restriction will apply to all bills except for a few urgent and important expenses such as salary, pension and purchase of medicines. The finance department has warned the treasury that strict action will be taken if the bill is passed in violation of the regulation. A month ago, the Treasury had imposed restrictions on the occasion of Onam.
English Summary: Cracking Down on Treasury Controls: Government’s Response to Worsening Financial Crisis
2023-08-19 14:34:21
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