AC Approval Must For Over Rs 20 Cr Project Proposals

Srinagar: The government on Tuesday ordered that the proposals for Administrative approval of all projects above Rs 20.00 Crores should be placed for consideration and approval of the Administrative Council after the concurrence of the finance department.

In an order issued, the commissioner secretary to the Government, Manoj Kumar Dwivedi said that all administrative proposal for all the projects over Rs 20 crores shall be placed after the approval of the finance department.

The decision was taken in exercise of the powers conferred by the third Proviso to Rule 7 read with entry 12 of the Second Schedule of the Transaction of Business of the Government of Union territory of Jammu and Kashmir Rules, 2019.

“Proposals for Administrative approval of all projects above Rs. 20.00 Crores, after concurrence by Finance Department, shall be placed for the consideration and approval of the Administrative Council constituted vide Government Order No. 808-JK (GAD) of 2020 Dated 01.09.2020,” reads the order.

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