J&K to Get Rs 60,000 Crore Grant

KL Desk

SRINAGAR

Among 11 revenue-deficit states, Jammu and Kashmir will get the maximum grant of about Rs 60,000 crore in five-year period ending March 2020, as per the recommendations of 14th Finance Commission which have been “in-principle” accepted by the government, media reports said on Tuesday.

The 14th Finance Commission recommended a “post devolution revenue deficit grants of total of Rs 1.95 lakh crore (for 11-states), for five year period” beginning April 1 this year.

Reports said that the Commission, headed by former RBI Governor Y V Reddy, recommended a grant-in-aid of Rs 48,906 crore for 11 revenue deficit states for 2015-16.

The union Finance Minister Arun Jaitley, has “in-principle” accepted the recommendation of the Commission in this regard.

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