PDP expresses concern over prevailing cash crunch in state

  • HT Correspondent, Hindustan Times, Srinagar
  • Updated: Jun 13, 2014 19:17 IST

Peoples Democratic Party (PDP) on Friday expressed concern over the prevailing financial crisis in the state.

In a statement the party chief spokesperson Naeem Akhtar said, "It is sad 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 was not the first time that such a situation arose in the state but in the past also 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 added.

He said that 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 and gratuity.

Castigating the ruling government 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. "These are all signs of bankruptcy", he said.

Akhtar said work on the genuine projects of public utility had also been suspended citing lack of funds as a reason, but the government agents in the construction business, conceive and execute projects in league with government politicians, for which funds are provided under the table.

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