New Delhi [India], March 22 (ANI): The Lok Sabha has cleared the Union Territory of Jammu & Kashmir’s Rs 1.18 lakh crore budget for 2023-24 and supplementary demands for grants for Jammu & Kashmir for 2022-23. While the opposition parties were busy demanding the formation of a Joint Parliamentary Committee (JPC) on the Adani issue.
The Rs 1.18 lakh crore budget will have revenue expenditure of Rs 77,009 crore and capital expenditure of Rs 41,491 crore.
The House on Tuesday passed the Jammu & Kashmir Quota (No. 2) Bill 2023 and the Jammu & Kashmir Quota Bill 2023 with voice votes.
The UT Jammu & Kashmir Budget 2023-24 was presented in the Lok Sabha on March 13 by Minister of State for Finance Pankaj Chaudhary.
“The budget for Jammu & Kashmir 2023-24 will again cross Rs 1 lakh crore, an indicator of our commitment to make Jammu & Kashmir a model of development,” Union Finance Minister Nirmala Sitharaman said in a written statement filed in March. 13.
“The economy is on the right track and the government is focusing on equitable growth in all sectors of the economy.
The economy is expected to grow by 10 per cent and there has been significant growth in collections under GST (Goods and Services Tax), Excise and Stamp Duty,” he said.
The Center is looking after the full implementation of the Kathi Shakti scheme in the state, major roads to be developed as part of the G20 summit and road to every village.
The state has received an unprecedented investment of Rs 1,547.87 crore in the last 10 months. In the last three years, 500 startups have come up in the state.
Another important feature listed in the budget is the Elevated Light Metro Rail. It will come in the cities of Jammu and Srinagar. (ANI)
This report is automatically generated from ANI news service. ThePrint is not responsible for its content.