Chief Secretary Subhash Kumar reviewed the progress of Finance Department on Wednesday and said a standard operating procedure (SOP) should be formulated for financial dealings.
He said financial procedures should be simplified, a Budget of Rs 500-600 crore be released every month and spent proportionately. He said this should be monitored. The CS said that monitoring had been started in the first trimester of the financial year. He said spending of a large proportion of the budget in march would not be allowed.
IT should be used to make financial procedures transparent. He said resources should be found to increase revenue. Targets should be fixed in tax and non-tax heads and the Commissioner and DMs should be made accountable.
Principal Secretary (finance) Rakesh Sharma said that out of Rs 8710.38 crore, sanctions have so far been released for Rs 1853.79 Crore. Financial procedures would be available online.
A team of experts has been formed for this. Secretary (finance) DS Garbyal, Additional Secretary (Finance) Kunwar Singh, MC Joshi and RCAggarwal were also present.