PDP raises concern over cash cruch in treasuries across J&K

The Peoples Democratic Party (PDP) has expressed concerns over the “severe cash crunch” affecting Jammu and Kashmir’s government treasuries.

Senior PDP leader and former minister Naeem Akhtar on Wednesday in a statement warned that the crisis is leaving contractors, government employees and pensioners in dire financial straits.

Akhtar stated that the pensioners were suffering, as “their files for retirement benefits, including pensions, remain unattended, gathering dust in administrative offices.”

Described the situation as frightening, with treasuries running dry and the public suffering as a result, Akhtar said, “GP Fund cases of government employees have been piling up for months without clearance. Retirees are being denied their rightful gratuity, leave salary and pensions.”

He said contractors from key departments like Roads and Buildings and Jal Shakti are waiting for months to get payments for completed projects.

Slamming the administration for ignoring the cash crisis while engaging in ribbon-cutting ceremonies that present a facade of normalcy, the senior PDP leader said, “This pervasive cash crunch points to a looming economic breakdown in Jammu and Kashmir. The government’s indifference is shocking, and it is the common man who suffers.”

He also urged the government to release the 3% DA to employees that has been withheld since July.

“While GOI employees received it six months back, their J&K counterparts have been left high and dry,” he said. “On one hand, price index of consumables is at record high, on the other employees are denied their dues.”

“Immediate steps are needed to resolve this crisis so that the common people can heave a sigh of relief,” Akhtar said.