SRINAGAR: In response to a revised checklist of enterprise issued by the Lok Sabha secretariat, Finance Minister Nirmala Sitharaman will current the interim funds for 2024-25 for Jammu and Kashmir in Parliament on Monday.
This could be the fifth consecutive funds of Jammu and Kashmir to be introduced in Parliament after the imposition of Central rule as JK Meeting is at the moment not in place.
Jammu and Kashmir has been with out an elected authorities since June 19, 2018, when the BJP withdrew help from the Mehbooba Mufti-led authorities, citing a “deteriorating” safety state of affairs within the erstwhile state. Following the collapse of the PDP-BJP authorities, the funds for 2019-20 was authorized by the then JK Governor as the top of the State Administrative Council. After the downgrading of JK to a Union Territory in 2019, all its budgets had been introduced in Parliament.
In response to the checklist of companies, Nirmala Sitharaman would current an announcement of estimated receipts and expenditures of Jammu and Kashmir for the 2024-25 fiscal 12 months.
The Finance Minister would additionally current an announcement exhibiting the supplementary calls for of grants for Jammu and Kashmir.
This could be the primary time up to now 5 years that JK’s funds could be introduced in February. All earlier 4 budgets had been introduced in mid-March.
Within the current Union funds, JK was allotted Rs 37277.74 crore primarily to bridge the useful resource hole—(KNO)
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