JK Govt sets up panel to modernise Treasury function

Srinagar, July 12: In a key step towards modernising its financial infrastructure, the Jammu and Kashmir Government has constituted a high-level committee to explore the optimisation and consolidation of treasuries across the Union Territory. The initiative, spearheaded by the Finance Department, is aimed at improving operational efficiency, enhancing financial security, and ensuring greater public convenience in the treasury system.

As per the official order issued by the Finance Department, the committee will be headed by the Director General, Accounts and Treasuries, and will comprise senior officials from both Jammu and Kashmir divisions. The panel will also include technical experts from the National Informatics Centre (NIC), underlining the government’s emphasis on leveraging technology for systemic reforms.

The committee has been tasked with recommending comprehensive measures for the consolidation of treasuries, with a strong focus on digitisation, automation, and IT-based financial solutions. In addition, it will review and rationalise the deployment of Drawing and Disbursing Officers (DDOs) to bring uniformity and efficiency across treasury units.

Officials said the move is part of the broader administrative reform agenda to streamline public financial operations in Jammu and Kashmir and to align the UT’s treasury network with national digital governance benchmarks. The formation of this committee reflects the government’s commitment to building a transparent, responsive, and tech-driven financial management system that can cater effectively to the evolving needs of citizens and institutions alike.

The panel is expected to submit its recommendations within a stipulated time frame, following which the government is likely to initiate structural changes aimed at overhauling the treasury framework across the region.