SRINAGAR: Jammu and Kashmir’s Lieutenant Governor Manoj Sinha Sunday said that the reforms done in the last four to five years have resulted in the growth of JK’s GDP from Rs 1.6 lakh crore in 2018-19 to Rs 2.64 lakh crore in 2021-22.
“The reforms done in the last four to five years have resulted in efficient growth. J&K is on the path of good governance, development and peace,” he said.
To another query about reservation to SC’s, he said that some people will continue to do politics over the issue the way they did on the issue of providing land to landless. “Let them continue their job, we will do ours,” he said.
The LG said that JK Bank is now flourishing with Rs 1300 Cr profit institution. “This year, we hope to see JK Bank’s profit touching Rs 1800 Crore,” he said.
He said the present administration has inherited to re-pay the huge power debts worth Rs 28000 Crore.
About the recent vote on the account budget presented in the parliament for JK, the LG said that the economic condition of the UT is much better than what it was earlier. “JK administration’s efforts have been to increase capital expenditure and decrease revenue expenditure,” he said.
The LG said that revenue expenditure of JK is Rs 80,000 Crore as a vast portion goes into salaries of employees while capital expenditure has recorded a quantum jump of Rs 38000 Crore from Rs 11000 Crore. On a query, about shifting of the office United Nations Military Observers Group of India and Pakistan (UNMOGIP) located in Srinagar, the issue “will be looked into.” (KNO)
