The cost reduction has reached the central government agencies and employees. For the first time since the Covid-19 pandemic in India, central government departments and ministries would cut spending on minds like overtime pay and rewards, etc. by 20%.
The Union government has imposed restrictions on wasteful / avoidable spending, which would affect benefits such as overtime pay for employees, among other things.
On Thursday, the Treasury Department’s spending division released an office memorandum that was circulated to all government secretaries, ministries and departments’ financial advisors that they “should take steps to curb wasteful / avoidable spending and aim for 20%.” Reduction of controllable expenses. “
“All ministries / departments are asked to take measures to limit all avoidable, unscheduled expenses. Expenditure in 2019-20 can be used as a basis for this purpose, ”she added.
However, it clearly states that expenses related to the containment of the Covid-19 pandemic are excluded from the scope of this regulation.
There are several minds who will influence government employees at different levels. For example, the reduction in overtime pay can affect class C employees such as drivers and employees. Senior officials may need to cut back on both domestic and international travel. Government agency spending on renting workplaces may need to be reduced. A 20% reduction in office costs can even result in lower purchases of office supplies, electricity bills, etc.
Commenting on the move, a senior government official said: “Given that the chosen starting point is the time before the 2019-20 pandemic, the containment may not be as drastic as last year due to lockdowns and restricted staffing agreements, department costs have already come down . “
The suggestive list of 19 property managers of controllable expenses includes overtime pay, rewards, domestic travel, international travel expenses, office expenses, rents, tariffs, taxes, license fees, publications, other administrative expenses, supplies and materials, ration expenses, POL, clothing and tent, advertising and advertising, smaller jobs , Maintenance, service or deployment fees, general subsidies, contributions and other charges.
A senior official said, “It makes sense to order these cuts. They involve a high expenditure from the state treasury. And this is a good time because the systems are not being used to 100%. “
Also read: Will Printing More Money Help Revitalize India’s Economy? All you need to know
एक टिप्पणी भेजें