{"id":10343,"date":"2024-02-05T11:52:23","date_gmt":"2024-02-05T11:52:23","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=10343"},"modified":"2024-02-05T11:52:23","modified_gmt":"2024-02-05T11:52:23","slug":"fm-presents-jk-interim-budget-2024-25-revised-estimates-for-current-fiscal-in-parl","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/fm-presents-jk-interim-budget-2024-25-revised-estimates-for-current-fiscal-in-parl\/","title":{"rendered":"FM Presents J&K Interim Budget 2024-25 & Revised Estimates For Current Fiscal In Parl"},"content":{"rendered":"

NEW DELHI, Feb 5: Union\u00a0<\/span><\/span>Finance\u00a0<\/span>Minister\u00a0<\/span><\/span>Nirmala\u00a0<\/span><\/span><\/a>Sithraman<\/a>\u00a0<\/span><\/span>presented\u00a0<\/span><\/span>the\u00a0<\/span>Government\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Jammu\u00a0<\/span>and\u00a0<\/span>Kashmir’s\u00a0<\/span><\/span>Revised\u00a0<\/span><\/span>Estimates\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2023\u201324\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Interim\u00a0<\/span><\/span>Budget\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2024\u201325\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>Parliament\u00a0<\/span><\/span>today.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Lok\u00a0<\/span>Sabha\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Rajya\u00a0<\/span><\/a>Sabha<\/a>\u00a0<\/span><\/span>will\u00a0<\/span>discuss\u00a0<\/span><\/span>the\u00a0<\/span>two\u00a0<\/span><\/span>appropriation\u00a0<\/span>bills\u00a0<\/span><\/span>on\u00a0<\/span>the\u00a0<\/span><\/span>Supplementary\u00a0<\/span><\/span>Budget\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2023\u201324\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>Vote\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Account\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2024\u201325\u00a0<\/span><\/span>in\u00a0<\/span><\/span>this\u00a0<\/span>regard.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>UT\u00a0<\/span><\/span>Finance\u00a0<\/span>Department\u00a0<\/span><\/span>had\u00a0<\/span>created\u00a0<\/span><\/span>the\u00a0<\/span>Interim\u00a0<\/span><\/a><\/span>Budget\u00a0<\/span><\/span><\/a>for\u00a0<\/span><\/span>the\u00a0<\/span>upcoming\u00a0<\/span>fiscal\u00a0<\/span>year\u00a0<\/span><\/span>as\u00a0<\/span>well\u00a0<\/span>as\u00a0<\/span><\/span>the\u00a0<\/span>Supplementary\u00a0<\/span><\/span>Budget\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>present\u00a0<\/span>one.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span>order\u00a0<\/span><\/span>to\u00a0<\/span>do\u00a0<\/span><\/span>this,\u00a0<\/span><\/span>the\u00a0<\/span>Department\u00a0<\/span><\/span>evaluated\u00a0<\/span><\/span>the\u00a0<\/span>UT\u00a0<\/span><\/span>government’s\u00a0<\/span><\/span>revenue\u00a0<\/span>receipts\u00a0<\/span><\/span>from\u00a0<\/span><\/span>stamp\u00a0<\/span>duty,\u00a0<\/span><\/span>motor\u00a0<\/span><\/span>spirit\u00a0<\/span><\/span>tax,\u00a0<\/span><\/span>excise,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>GST.<\/span><\/span><\/span> <\/span><\/span><\/span>Additionally,\u00a0<\/span><\/span>non-tax\u00a0<\/span><\/span>income\u00a0<\/span><\/span>from\u00a0<\/span><\/span>the\u00a0<\/span>sale\u00a0<\/span><\/span>of\u00a0<\/span><\/span>timber,\u00a0<\/span><\/span>mining\u00a0<\/span><\/span>royalties,\u00a0<\/span><\/span>electricity\u00a0<\/span>and\u00a0<\/span>water\u00a0<\/span><\/span>supplies,\u00a0<\/span><\/span>annual\u00a0<\/span>rent\u00a0<\/span><\/span>from\u00a0<\/span><\/span>industrial\u00a0<\/span>areas,\u00a0<\/span><\/span>etc.,\u00a0<\/span><\/span>was\u00a0<\/span>also\u00a0<\/span>looked\u00a0<\/span><\/span>at.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>UT\u00a0<\/span><\/span>government’s\u00a0<\/span><\/span>own\u00a0<\/span>revenue\u00a0<\/span><\/span>is\u00a0<\/span>projected\u00a0<\/span><\/span>to\u00a0<\/span>be\u00a0<\/span><\/span>Rs.\u00a0<\/span><\/span>20,867\u00a0<\/span><\/span>crore.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Government\u00a0<\/span><\/span>of\u00a0<\/span><\/span>UT\u00a0<\/span><\/span>also\u00a0<\/span><\/span>pursued\u00a0<\/span><\/span>the\u00a0<\/span>Government\u00a0<\/span><\/span>of\u00a0<\/span>India\u00a0<\/span><\/span>to\u00a0<\/span>obtain\u00a0<\/span><\/span>government\u00a0<\/span>funding.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span><\/span>UT’s\u00a0<\/span><\/span>efforts\u00a0<\/span><\/span>in\u00a0<\/span><\/span>this\u00a0<\/span>regard\u00a0<\/span><\/span>were\u00a0<\/span>spearheaded\u00a0<\/span><\/span>by\u00a0<\/span><\/span>Chief\u00a0<\/span>Secretary\u00a0<\/span><\/span>Shri\u00a0<\/span><\/span>Atal\u00a0<\/span><\/span>Dulloo\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Lieutenant\u00a0<\/span>Governor\u00a0<\/span><\/span>Shri\u00a0<\/span><\/span>Manoj\u00a0<\/span><\/span>Sinha.<\/span><\/span><\/span> <\/span><\/span><\/span>To\u00a0<\/span>assess\u00a0<\/span><\/span>these\u00a0<\/span>demands\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>UT\u00a0<\/span><\/span>Government,\u00a0<\/span><\/span>important\u00a0<\/span>meetings\u00a0<\/span><\/span>were\u00a0<\/span>held\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>Ministry\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Home\u00a0<\/span>Affairs\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Ministry\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Finance\u00a0<\/span><\/span>in\u00a0<\/span><\/span>August\u00a0<\/span>2023,\u00a0<\/span><\/span>October\u00a0<\/span>2023,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>January\u00a0<\/span>2024.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>recent\u00a0<\/span>months,\u00a0<\/span><\/span>the\u00a0<\/span>Union\u00a0<\/span><\/span>Home\u00a0<\/span>Minister\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Union\u00a0<\/span><\/span><\/a>Finance\u00a0<\/span><\/a>Minister<\/a>\u00a0<\/span><\/span>personally\u00a0<\/span><\/span>examined\u00a0<\/span><\/span>the\u00a0<\/span>UT\u00a0<\/span><\/span>Government’s\u00a0<\/span><\/span>financial\u00a0<\/span>management.<\/span><\/span><\/span> <\/span><\/span><\/span>Consequently,\u00a0<\/span><\/span>the\u00a0<\/span>Central\u00a0<\/span>Government\u00a0<\/span><\/span>has\u00a0<\/span><\/span>committed\u00a0<\/span>to\u00a0<\/span><\/span>giving\u00a0<\/span><\/span>the\u00a0<\/span>UT\u00a0<\/span><\/span>Government\u00a0<\/span><\/span>\u20b941751.44\u00a0<\/span><\/span>Cr\u00a0<\/span><\/span>during\u00a0<\/span><\/span>this\u00a0<\/span>fiscal\u00a0<\/span>year\u00a0<\/span><\/span>and\u00a0<\/span><\/span>\u20b9\u00a0<\/span><\/span>37277.74\u00a0<\/span><\/span>Cr\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>following\u00a0<\/span><\/span>fiscal\u00a0<\/span>year.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Union\u00a0<\/span><\/span>Government’s\u00a0<\/span><\/span>Revised\u00a0<\/span><\/span>Estimates\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2023\u20132024\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Budget\u00a0<\/span><\/span>Estimates\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2024\u20132025\u00a0<\/span><\/span>accurately\u00a0<\/span>reflect\u00a0<\/span><\/span>these\u00a0<\/span>aid\u00a0<\/span><\/span>levels.<\/span><\/span><\/span> <\/span><\/span><\/span>This\u00a0<\/span>support\u00a0<\/span><\/span>will\u00a0<\/span>be\u00a0<\/span><\/span>given\u00a0<\/span>in\u00a0<\/span><\/span>accordance\u00a0<\/span>with\u00a0<\/span><\/span>MHA\u00a0<\/span><\/span>Demand\u00a0<\/span><\/span>No.\u00a0<\/span>58\u00a0<\/span><\/span>for\u00a0<\/span><\/span>Support\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>UT.<\/span><\/span><\/span> <\/span><\/span><\/span>This\u00a0<\/span>help\u00a0<\/span><\/span>covers\u00a0<\/span><\/span>the\u00a0<\/span>UT\u00a0<\/span><\/span>government’s\u00a0<\/span><\/span>regular\u00a0<\/span>support\u00a0<\/span><\/span>(resource\u00a0<\/span><\/span>gap)\u00a0<\/span><\/span>as\u00a0<\/span>well\u00a0<\/span>as\u00a0<\/span>the\u00a0<\/span><\/span>equity\u00a0<\/span>contribution\u00a0<\/span><\/span>for\u00a0<\/span><\/span>hydropower\u00a0<\/span>projects\u00a0<\/span><\/span>at\u00a0<\/span><\/span>Kiru,\u00a0<\/span><\/span>Kwar,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Rattle,\u00a0<\/span><\/span>among\u00a0<\/span><\/span>other\u00a0<\/span>things.<\/span><\/span><\/span> <\/span><\/span><\/span>These\u00a0<\/span>aid\u00a0<\/span><\/span>amounts\u00a0<\/span><\/span>are\u00a0<\/span>included\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>Union\u00a0<\/span>Budget,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>is\u00a0<\/span>currently\u00a0<\/span><\/span>before\u00a0<\/span><\/span>Parliament\u00a0<\/span><\/span>and\u00a0<\/span><\/span>will\u00a0<\/span>be\u00a0<\/span><\/span>discussed\u00a0<\/span><\/span>prior\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>UT’s\u00a0<\/span><\/span>interim\u00a0<\/span><\/span>budget.<\/span><\/span><\/span><\/span><\/span><\/span>Building\u00a0<\/span><\/span>on\u00a0<\/span><\/span>this,\u00a0<\/span><\/span>the\u00a0<\/span><\/span>Jammu\u00a0<\/span>and\u00a0<\/span>Kashmir\u00a0<\/span><\/span>government\u00a0<\/span><\/span>created\u00a0<\/span><\/span>its\u00a0<\/span><\/span>Vote\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Account\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2024\u201325\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Supplementary\u00a0<\/span><\/span>Budget\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2023\u201324.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>two\u00a0<\/span><\/span>appropriation\u00a0<\/span><\/span>bills\u2014the\u00a0<\/span><\/span>vote\u00a0<\/span><\/span>on\u00a0<\/span><\/span>account\u00a0<\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>supplementary\u00a0<\/span><\/span>demands\u2014that\u00a0<\/span><\/span>were\u00a0<\/span><\/span>to\u00a0<\/span>be\u00a0<\/span><\/span>presented\u00a0<\/span><\/span>to\u00a0<\/span><\/span>parliament\u00a0<\/span><\/span>were\u00a0<\/span>also\u00a0<\/span>written\u00a0<\/span><\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>finance\u00a0<\/span>department.<\/span><\/span><\/span> <\/span><\/span><\/span>Since\u00a0<\/span><\/span>the\u00a0<\/span>UT\u00a0<\/span><\/span>government\u00a0<\/span><\/span>was\u00a0<\/span>able\u00a0<\/span><\/span>to\u00a0<\/span>reduce\u00a0<\/span><\/span>its\u00a0<\/span>spending,\u00a0<\/span><\/span>the\u00a0<\/span>updated\u00a0<\/span>estimates\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2023\u201324\u00a0<\/span><\/span>are\u00a0<\/span>generally\u00a0<\/span><\/span>less\u00a0<\/span><\/span>than\u00a0<\/span>the\u00a0<\/span><\/span>budgeted\u00a0<\/span><\/span>predictions\u00a0<\/span><\/span>for\u00a0<\/span><\/span>that\u00a0<\/span>year.<\/span><\/span><\/span> <\/span><\/span><\/span>\u20b98,712.90\u00a0<\/span><\/span>Cr\u00a0<\/span><\/span>in\u00a0<\/span><\/span>supplemental\u00a0<\/span><\/span>requests\u00a0<\/span><\/span>for\u00a0<\/span><\/span>2023\u201324\u00a0<\/span><\/span>are\u00a0<\/span>related\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>four\u00a0<\/span>departments\u00a0<\/span><\/span>of\u00a0<\/span><\/span>cooperatives,\u00a0<\/span><\/span>power\u00a0<\/span><\/span>development,\u00a0<\/span><\/span>hospitality\u00a0<\/span><\/span>and\u00a0<\/span><\/span>protocol,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>finance.<\/span><\/span><\/span><\/span><\/span><\/span>The supplementary budget is required by Finance department in view of the repayment of debt, while Power Development department needs to provide for power procurement. The Hospitality and Protocol department intends to develop the new J&K Bhawan at Dwarka, New Delhi for which land will be allotted from DDA. The Cooperative department requires the funding additionally for its new CSS, Assistance to Primary Agricultural Credit Societies (PACS).These additional demands are proposed to be catered with Supplementary Demands for the current year 2023-24.
\nThe interim budget for 2024-25makes provisions for the ongoing initiatives for infrastructure development, sustainable agriculture, new industrial estate, PRI level works, employment generation, developing tourism, and social inclusion.During preparation of the interim budget proposals, consultations were held with all the Departments and various stakeholders to provide for ongoing initiatives and arrive at realistic budgetary numbers. For finalizing expenditure proposals, assessment of financing needs of infrastructure projects, social and economic measures undertaken by Departments was undertaken.
\nThe budgetary exercise focused on the imperative of advancing the cause of the greater collective good within the realistically realizable resources. While the budgetary estimate for the next financial year 2024-25 is about \u20b91,18,728 Cr, the UT Government has proposed the Vote on Account for \u20b959,364 Cr.
\nThis interim budget for 2024-25 covers revenue expenditure of \u20b940,081 Cr and capital expenditure of \u20b919,283 Cr.The interim budget of Jammu and Kashmir for 2024-25 provides for the ongoing measures and schemes as follows \u2013<\/strong>
\n1) \u20b92959 Cr provisioned for tap-water connectivity for rural areas under Jal Jeevan Mission with Rs 532 crore as UT Share.
\n2) \u20b9934 Cr for transforming agriculture and allied sectors of the UT through the Holistic Agriculture Development Programme (HADP), including provisions for IFAD funded J&K Comprehensive Investment Plan (JKCIP).
\n3) \u20b91907 Cr for rejuvenating school education infrastructure and services through funding under Samagra Shiksha Abhiyan.
\n4) Provision of improving road connectivity with \u20b9 1683 Cr for PMGSY roads,\u20b9 300 Cr for CRF roads, and \u20b9 1000 Cr NABARD scheme.
\n5) \u20b9 1313 Cr for strengthening decentralized governance by providing for local area works of panchayat and urban local bodies.
\n6) \u20b9 1271 Cr for strengthening infrastructure and services in the health sector under National Health Mission mechanism.
\n7) \u20b9 1093 Cr for rural housing under PMAwasYojana-Grameen scheme.
\n8) \u20b9 1000 Cr for comprehensive social security coverage for Old aged, Widow and Disabled pensions by saturation approach.
\n9) \u20b9 660 Cr for J&K\u2019s equity for in the hydro electric projects at Ratle, Kwar, and Kiru, which would provide stable revenue source and cheaper power.10) \u20b9505Cr for timely procurement of machinery, equipments,prosthetic aidsand drugs in Health sector through the dedicated corporation.
\n11) \u20b9 500 Cr for capitalization of the banks, including Cooperative Banks, Rural Banks, J&K Bank, etc.
\n12) \u20b9 450 Cr for infrastructure of new Colleges and Universities as per NEP vision.
\n13) \u20b9430 Cr for women empowerment intervention ofLadliBeti and Marriage Assistance
\n14) \u20b9 400 Cr for construction of Transit accommodations for Kashmiri Pandit employees.
\n15) \u20b9 400 Cr for development of Industrial Estates and related infrastructure.
\n16) \u20b9 370 Cr under Swachh Bharat Abhiyan (Urban) scheme.
\n17) \u20b9 390 Cr for Flood Management Project of River Jhelum.
\n18) \u20b9 450 Cr for GST re-imbursement to ensure timely reimbursement of the claims.
\n19) \u20b9 272Cr for DDC\/BDC grants improving local governance at district and block level
\n20) \u20b9 174 Crfor development of model schools under PM-Shri scheme.
\n21) \u20b9 150 Cr for developing rooftop solar and other avenues of new and renewable energy.
\n22) \u20b9 140 Cr for creation of Sports Infrastructure
\n23) \u20b9 100 Cr for conclusion of World Bank funded Jhelum Tawi Flood Recovery Project.
\n24) \u20b9 100 Cr for Mission Youth programmes for education, skilling, and employment
\n25) \u20b9 100 Cr for heritage preservation,
\n26) Rs91 Cr for new tourism destinations, new circuits, Sufi circuit and identified religious circuits, ropeways, highway resting placesand promotion of Golf.
\n27) \u20b9 70 Cr under infrastructure for welfare of tribals for construction of Tribal Hostels\/Milk Villages\/ Nomad Shelters\/Libraries for Gujjars.
\n28) \u20b9 100 Cr for sewerage projects in urban areas, \u20b9 70 Cr for development of new Townships and affordable housing and \u20b9 50 Cr for Dal development.
\n29) \u20b9 40 Cr for Tourism promotion, \u20b915 Cr for the festival promotion and for promotion of cinema\/ threatre.
\n30) \u20b9 40 Cr for meeting incentives as per the provisions of the Industrial Policy and Start-ups; \u20b9 15 Cr for trade promotion through J&K TPO; and \u20b9 100 Cr for Youth startup\/Job fairs\/employment fairs.
\n31) \u20b9 30 Cr for establishment of cold storage and \u20b9 30 Cr for high density plantation.
\n32) \u20b980 Cr for establishment of DDC\/BDC\/PRI accommodation and offices as also for security arrangements of DDC\/BDC\/PRI representatives.
\n33) \u20b959Cr for construction of Police Housing colony and relief and rehabilitation
\n34) \u20b945Cr for construction of Bunkers and for digitization and CCTVs in Police Stations
\n35) \u20b9 30 Cr for improving Quality in Schools, School Infrastructure, for Career Counseling and for introduction of additional Streams in Schools.
\n36) \u20b9 5 Cr for replacement of old fleet in transport sector.The two Appropriation Bills on the Supplementary Demands for 2023-24 and Vote on Account for 2024-25 of the UT Government are likely to be considered by the Lok Sabha and Rajya Sabha during 7th to 9th February 2024.<\/p>\n

\"FM
FM Presents J&K Interim Budget 2024-25 & Revised Estimates For Current Fiscal In Parl<\/figcaption><\/figure>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI, Feb 5: Union\u00a0Finance\u00a0Minister\u00a0Nirmala\u00a0Sithraman\u00a0presented\u00a0the\u00a0Government\u00a0of\u00a0Jammu\u00a0and\u00a0Kashmir’s\u00a0Revised\u00a0Estimates\u00a0for\u00a02023\u201324\u00a0and\u00a0Interim\u00a0Budget\u00a0for\u00a02024\u201325\u00a0to\u00a0the\u00a0Parliament\u00a0today. The\u00a0Lok\u00a0Sabha\u00a0and\u00a0Rajya\u00a0Sabha\u00a0will\u00a0discuss\u00a0the\u00a0two\u00a0appropriation\u00a0bills\u00a0on\u00a0the\u00a0Supplementary\u00a0Budget\u00a0for\u00a02023\u201324\u00a0and\u00a0the\u00a0Vote\u00a0on\u00a0Account\u00a0for\u00a02024\u201325\u00a0in\u00a0this\u00a0regard. The\u00a0UT\u00a0Finance\u00a0Department\u00a0had\u00a0created\u00a0the\u00a0Interim\u00a0Budget\u00a0for\u00a0the\u00a0upcoming\u00a0fiscal\u00a0year\u00a0as\u00a0well\u00a0as\u00a0the\u00a0Supplementary\u00a0Budget\u00a0for\u00a0the\u00a0present\u00a0one. In\u00a0order\u00a0to\u00a0do\u00a0this,\u00a0the\u00a0Department\u00a0evaluated\u00a0the\u00a0UT\u00a0government’s\u00a0revenue\u00a0receipts\u00a0from\u00a0stamp\u00a0duty,\u00a0motor\u00a0spirit\u00a0tax,\u00a0excise,\u00a0and\u00a0GST. Additionally,\u00a0non-tax\u00a0income\u00a0from\u00a0the\u00a0sale\u00a0of\u00a0timber,\u00a0mining\u00a0royalties,\u00a0electricity\u00a0and\u00a0water\u00a0supplies,\u00a0annual\u00a0rent\u00a0from\u00a0industrial\u00a0areas,\u00a0etc.,\u00a0was\u00a0also\u00a0looked\u00a0at. The\u00a0UT\u00a0government’s\u00a0own\u00a0revenue\u00a0is\u00a0projected\u00a0to\u00a0be\u00a0Rs.\u00a020,867\u00a0crore. The\u00a0Government\u00a0of\u00a0UT\u00a0also\u00a0pursued\u00a0the\u00a0Government\u00a0of\u00a0India\u00a0to\u00a0obtain\u00a0government\u00a0funding. The\u00a0UT’s\u00a0efforts\u00a0in\u00a0this\u00a0regard\u00a0were\u00a0spearheaded\u00a0by\u00a0Chief\u00a0Secretary\u00a0Shri\u00a0Atal\u00a0Dulloo\u00a0and\u00a0Lieutenant\u00a0Governor\u00a0Shri\u00a0Manoj\u00a0Sinha. To\u00a0assess\u00a0these\u00a0demands\u00a0of\u00a0the\u00a0UT\u00a0Government,\u00a0important\u00a0meetings\u00a0were\u00a0held\u00a0in\u00a0the\u00a0Ministry\u00a0of\u00a0Home\u00a0Affairs\u00a0and\u00a0Ministry\u00a0of\u00a0Finance\u00a0in\u00a0August\u00a02023,\u00a0October\u00a02023,\u00a0and\u00a0January\u00a02024. In\u00a0recent\u00a0months,\u00a0the\u00a0Union\u00a0Home\u00a0Minister\u00a0and\u00a0Union\u00a0Finance\u00a0Minister\u00a0personally\u00a0examined\u00a0the\u00a0UT\u00a0Government’s\u00a0financial\u00a0management. Consequently,\u00a0the\u00a0Central\u00a0Government\u00a0has\u00a0committed\u00a0to\u00a0giving\u00a0the\u00a0UT\u00a0Government\u00a0\u20b941751.44\u00a0Cr\u00a0during\u00a0this\u00a0fiscal\u00a0year\u00a0and\u00a0\u20b9\u00a037277.74\u00a0Cr\u00a0during\u00a0the\u00a0following\u00a0fiscal\u00a0year. The\u00a0Union\u00a0Government’s\u00a0Revised\u00a0Estimates\u00a0for\u00a02023\u20132024\u00a0and\u00a0Budget\u00a0Estimates\u00a0for\u00a02024\u20132025\u00a0accurately\u00a0reflect\u00a0these\u00a0aid\u00a0levels. This\u00a0support\u00a0will\u00a0be\u00a0given\u00a0in\u00a0accordance\u00a0with\u00a0MHA\u00a0Demand\u00a0No.\u00a058\u00a0for\u00a0Support\u00a0to\u00a0the\u00a0UT. This\u00a0help\u00a0covers\u00a0the\u00a0UT\u00a0government’s\u00a0regular\u00a0support\u00a0(resource\u00a0gap)\u00a0as\u00a0well\u00a0as\u00a0the\u00a0equity\u00a0contribution\u00a0for\u00a0hydropower\u00a0projects\u00a0at\u00a0Kiru,\u00a0Kwar,\u00a0and\u00a0Rattle,\u00a0among\u00a0other\u00a0things. These\u00a0aid\u00a0amounts\u00a0are\u00a0included\u00a0in\u00a0the\u00a0Union\u00a0Budget,\u00a0which\u00a0is\u00a0currently\u00a0before\u00a0Parliament\u00a0and\u00a0will\u00a0be\u00a0discussed\u00a0prior\u00a0to\u00a0the\u00a0UT’s\u00a0interim\u00a0budget.Building\u00a0on\u00a0this,\u00a0the\u00a0Jammu\u00a0and\u00a0Kashmir\u00a0government\u00a0created\u00a0its\u00a0Vote\u00a0on\u00a0Account\u00a0for\u00a02024\u201325\u00a0and\u00a0Supplementary\u00a0Budget\u00a0for\u00a02023\u201324. The\u00a0two\u00a0appropriation\u00a0bills\u2014the\u00a0vote\u00a0on\u00a0account\u00a0and\u00a0the\u00a0supplementary\u00a0demands\u2014that\u00a0were\u00a0to\u00a0be\u00a0presented\u00a0to\u00a0parliament\u00a0were\u00a0also\u00a0written\u00a0by\u00a0the\u00a0finance\u00a0department. Since\u00a0the\u00a0UT\u00a0government\u00a0was\u00a0able\u00a0to\u00a0reduce\u00a0its\u00a0spending,\u00a0the\u00a0updated\u00a0estimates\u00a0for\u00a02023\u201324\u00a0are\u00a0generally\u00a0less\u00a0than\u00a0the\u00a0budgeted\u00a0predictions\u00a0for\u00a0that\u00a0year. \u20b98,712.90\u00a0Cr\u00a0in\u00a0supplemental\u00a0requests\u00a0for\u00a02023\u201324\u00a0are\u00a0related\u00a0to\u00a0the\u00a0four\u00a0departments\u00a0of\u00a0cooperatives,\u00a0power\u00a0development,\u00a0hospitality\u00a0and\u00a0protocol,\u00a0and\u00a0finance.The supplementary budget is required by Finance department in view of the repayment of debt, while Power Development department needs to provide for power procurement. The Hospitality and Protocol department intends to develop the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[67,15,89,54],"tags":[],"class_list":["post-10343","post","type-post","status-publish","format-standard","hentry","category-header","category-jammu-and-kashmir","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nFM Presents J&K Interim Budget 2024-25 & Revised Estimates<\/title>\n<meta name=\"description\" content=\"Union\u00a0Finance\u00a0Minister\u00a0Nirmala\u00a0Sithraman\u00a0presented\u00a0the\u00a0Government\u00a0of\u00a0Jammu\u00a0and\u00a0Kashmir's\u00a0Revised\u00a0Estimates\u00a0for\u00a02023\u201324\u00a0and\u00a0Interim\u00a0Budget\" 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