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.
Budget 2011-12: Animal Husbandry
A liquid nitrogen plant with 21 litre/per hour capacity is being established at Zainakot. Embryo Transfer Technology laboratory is being established at Panthal for...
Good Governance
The Coalition government is committed to provide good governance to the citizens of the State. The government shall endeavour to provide hassle free public...
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.
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.
Employees and Pensioners
All our development programmes and regulatory functions are being preformed by the government employees and, as such, their welfare too is a legitimate concern...
Jahangir Raina
Jahangir RainaIndustry usually gets the blame for environmental degradation. I am glad to mention that from the environmental protection perspective, ICT (Information and Communications...
IWT: Let The Treaty Survive, Updated
Amid demands of its abrogation and claims of massive losses to the state economy, J&K government has appointed a consultant to quantify the impact...
The Dream Wrap
Kashmir shawls are known for their intricacies, variety, material, designs and that exquisite look. It has entered the pages of history and has had...
Exquisite Art, gifted hands
Over the centuries, skilled Kashmiri artisans have produced a myriad of intricate and elegant pieces of art—carved in wood. Junaid Bazaz reports on the...
Delicate Mastery
It’s hard to imagine that these beautifully crafted pieces of art are created from some of the simplest of raw materials. Umer Beigh reports...
Revamping Kashmir Economy
Dr Mubeen Shah
Kashmir Chamber of Commerce & Industry (KCCI) wants the 13th Finance Commission to make necessary recommendations that would guarantee the people of...
Additional Resources Mobilization (ARM)
I am reminded of several quotes about taxation. One of them says that, “taxes, like Mothers-in- law, are often misunderstood”. The other quote says...
Upper Sindh-I: Completely Indigenous
The indigenously built power station has never stopped working with returns of several times the investment made in constructing the project, making some to...
Embroidering beauty
Chain stitch is a rather new addition to the Kashmiri handicrafts. It is a type of embroidery where-in a continued stitch is done with...
Some VAT measures
The traders have been confronting a genuine problem of penal action by the authorities for non compliance of rules which were notified much after...
