JK To Get Rs 6500 Cr Against Rs 8100 Cr Demand

JK To Get Rs 6500 Cr Against Rs 8100 Cr Demand

4 February 2011
Rising Kashmir
Abid Bashir

Srinagar: After hectic negotiations with the Planning Commission of India, Jammu and Kashmir is set to get Rs 6500 crore annual plan sanctioned for the year 2011-12, a step up of Rs 500 crore against last fiscal. The government will also seek an extension of at least a year for spending Rs 800 crore out of Rs 1200 crore released under Prime Minister’s Reconstruction Plan in 2009. Principal Secretary Planning and Development Department, Khurshid Ahmed Ganai told Rising Kashmir that after many rounds of discussions with the PCI, the State would get a plan-size of Rs 6500 crore for year 2011-12. “Though the State’s projected requirement is Rs 8001 crore, we will not get more than 6500 crore,” he said. Sources said the government had been raising bar for Rs 7000 crore plan for the next fiscal. “But PCI has denied to increase the plan size,” they said. The state has been getting Rs 500 crore step up right since 2009-2010. “First plan was Rs 5500 crore, then Rs 6000 crore and now in the third year of NC-Congress coalition, the plan size will be Rs 6500 crore,” Ganai said. He said the government did not want to go with a begging bowl before the PCI. Sources said the new plan agreement will be inked between Chief Minister Omar Abdullah and PCI in the coming days. “Almost everything has been finalized,” they said. Ganai said the government is likely to seek an extension for Rs 1200 crore PMRP. “We have been able to spend Rs 400 crore so far. We may seek one year’s extension to spend rest Rs 800 crore. The extension would apply on all schemes which include centrally sponsored, State-centre sponsored and state sponsored schemes,” he said. About the total expenditure of Rs 6000 crore annual plan for year 2010-11, only 42 per cent expenditure has been registered by December 31, 2010. “The expenditure will increase as many bills are pending in treasury. It is likely to touch 55 per cent by December end once the previous bills are cleared,” he said. Ganai said by the end of financial year 2010-11 on March 31, the total expenditure may touch 98 per cent. “After five-month unrest, works picked up at a great pace,” he said. The budget session of the State legislator has been fixed for February 28 in Jammu. Sources said Finance Minister Abdur Rahim Rather is likely to present the annual budget for the next fiscal soon after the budget will be tabled in the Parliament by Union Finance Minister Pranab Mukherji. “State cannot table the budget unless Union budget is presented. This is a law,” sources said. Budget session in the Parliament will start from February 21. This time, the State legislature will meet in two phases as the proposal mooted by Law and Parliamentary Affairs Minister Ali Muhammad Sagar and Assembly Speaker Muhammad Akbar Lone in this regard has been accepted by the State cabinet recently. The budget session will remain on from February 28 to March 17 and it will again meet again on April 5.


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