J&K’s Growth Story

I have laid the Economic Survey Report on the Table of this August House a few days back. It may be noted with satisfaction that our Gross State Domestic Product (GSDP) has been continuously...

As per Advance Estimate,

The contribution of the Primary Sector, comprising Agriculture and Allied activities, to our current fiscal’s GSDP is estimated at 19.83%.

Key Developmental Projects

A fast and reliable communication network and ample energy form the backbone of any economy. As such, I have been taking stock of key communication and energy projects from time to time.

2011-12: The Revised Estimates

The total budgetary receipts are placed at Rs 31,022 crore in the Revised Estimates in comparison to the Budget Estimates of Rs 31,212 crore. The total receipts consist of Rs 25,513 crore as revenue receipts and Rs 5,509 crore as capital receipts.

Budget Estimates 2012-13

The next year’s total receipts and expenditure are estimated at Rs 33,853 crore each. The total revenue receipts are estimated at Rs 29,948 crore based on the anticipated scheme of financing of the plan. These...

Annual Plan 2012-13

The Planning Commission of India has yet to formally determine the size of the Twelfth Five Year Plan, which, when finalized, will also give us a firm idea about the likely size of our successive annual plans for the coming five years.

Employment Generation

As the Hon’ble members are fully aware, Sher-e-Kashmir Employement and Welfare Policy for Youth (SKEWPY) is an integrated programme, which helps us in keeping the burning issue of educated unemployment in focus. As of now, the Seed Capital Scheme of ‘SKEWPY’ has resulted into approval to about 1600 DPRs, involving project costs of Rs 118 crore.

Inclusive Development

Socio-economic development for all is the hallmark of the coalition government, headed by our visionary leader Janab Omar Abdullah Saheb, as also of the Central leadership of Prime Minister, Dr. Manmohan Singh Ji and the UPA Chairperson Smt. Sonia Gandhi Ji.

Migrants

Out of the 5,242 two-room tenements, meant for the Kashmiri migrants, 4,876 flats have been completed and the remaining units shall be completed in the current financial year at a total estimated cost of Rs 484 crore.

Initiatives

Computerization of VAT Administration
The Government is continuing its efforts in making extended use of Information Technology for improving its public interface and for enhancing the transparency and efficiency of the government departments.

Fiscal Initiatives

VAT on food grains
I had apprised the Hon’ble Members last year that several states are charging VAT at rates, ranging from 4% to 5%, on atta, maida, suji, besan, paddy and rice etc. In consideration of last year’s rising food inflation as an All India phenomenon, I had deferred my proposal to bring these items under the VAT net and announced the continuation of exemption from the levy of VAT on these commodities upto 31st March, 2012.

The Budget In Class Room

Budget of a state has three main parts:
The Consolidated Fund is the source for all the “usual” budgetary transactions whether of capital, revenue or loan nature. State Tax and Non-Tax revenues are entered into the Consolidated Fund and any expenditure which are to be met from the Consolidated Fund must be voted by the State Legislature. Expenditures of ‘Charged’ nature are also met out of the Consolidated Fund.

Reviving broken bonds

The third Buyer Seller meet in Srinagar is attracting good number of international buyers besides reviving the tradition when buyers would visit Kashmir. A Kashmir Life report.There was a time when most of the...

Opening up vistas

Nazir A Dar, KCCI President talks about the Buyer Seller Meet being held in Srinagar and other efforts made by the organization to market Kashmir’s products throughout the world in an interview with Ibrahim...

A lifetime accessory

Kashmir Art encompasses different handicrafts, but carpets come instantly to mind whenever there is a mention of the art. Abdul Mohamin reports.  A major chuck of exports from Kashmir comes from the carpet craft. Hand knotted...

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