Financial crunch in the first quarter of 2022-23 has forced the State government to impose regulations on the treasury. The Finance department has issued orders placing restrictions on the treasury from clearing bills over ₹25 lakh.
Ways and means clearance is required for bills above ₹25 lakh. The government decision, conveyed to the Director of Treasuries by the Additional Chief Secretary (Finance) on Tuesday, was in place by Wednesday.
Earlier, the government had set the ceiling for bills which can be scrutinised and cleared by the Department of Treasuries at ₹1 crore. This limit now stands reduced. Bills over this amount will require special nod from the Finance Department to be cleared.
