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| PDP concerned over prevailing cash crunch in J&K | | | Early Times Report
Srinagar, June 13 : Expressing serious concern over the alleged prevailing financial crisis in Jammu and Kashmir, opposition PDP today said the treasuries are running dry.In a statement, PDP chief spokesperson Naeem Akhtar said it was saddening to see that the treasuries are running dry badly affecting the people particularly contractors and employees besides impacting work on some key social sector schemes.
He said it is not the first time that such a situation has arisen in the state but in the past as well the people had to face immense problems on account of the government's utter failure on the fiscal front.
'Shortage of funds at treasuries has become a hallmark of this inefficient government which is least bothered about the people', he alleged. He said the bad fiscal scenario has not only affected the contractors and employees only but it has also hit a large number of claimants seeking GP fund, gratuity and other retirement benfit.
Castigating the ruling government, headed by National Conference (NC) for its failure on every front,Akhtar said it has brought the state to a position where everything is in ruin.Though, for their own pleasures, the ruling politicians have no problem of money, but the pensioners, casual labours, seasonal and need based workers are not getting their dues for months together which are all signs of bankruptcy, he said.
He said rot in the system is direct result of the government's inefficiency as it has not been able to utilise hundreds of crores as plan allocation from the Centre over the past more than five and a half years.
Akhtar said work on the genuine projects of public utility has also been suspended citing lack of funds as a reason. But, he said the government agents in the construction business conceive and execute projects in league with government politicians for which funds are provided under table. |
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