J&K imposes strict austerity measures, bans meetings in private hotels

Quick Summary:

Announcing a series of austerity measures to reduce expenditure for the current financial year, Jammu and Kashmir government has imposed a complete ban on holding of meetings in private hotels and discouraged conducting exhibitions outside the Union Territory.

It also decided to regulate travel expenditure to ensure that each department's spending remains within the allocated budget.

The government also banned creation of new posts and called for surrender of all posts which have remained vacant for more than two years.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Fiscal prudence Travel restrictions Private hotels ban Jammu and Kashmir austerity measures Finance department Government spending Economy cuts Expenditure cuts Budget allocation Vacant posts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 21:55:04 (16 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25084239

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