Know What is in Union Budget 2016-17 for J&K

KL NEWS NETWORK

SRINAGAR

Although stakeholders are disappointed with the Union budget which was presented in parliament on Monday, Kashmir Life brings to its readers the areas which have found their mention in the budget 2016-17.

Special Industrial Initiative Rs 70 crore from Rs 45 crore.

Development of Other Crafts in J&K  Rs 10 crore.

Pashmeena Wool Development Programme Rs 15 crore.

Amazingly, no allocation has been made for relief and rehabilitation of Kashmiri Pandit (KP) migrants.

Last year Rs 580 cr was allocated for KPs. But in revised estates Rs 280 cr were allocated (actual spending).

A new head that includes border migrants of J&K clubbed with migrants of Srilanka have been allocated Rs 16.16 crore.

Net Proceeds to J&K from Central Tax pool

Corporation Tax Rs 3328 cr

Income Tax Rs 2579 cr

Wealth Tax Rs 0.10 cr

Custom Tax Rs 1658.61 cr

Excise Rs 1325.18

Total Rs 8892 crore

A Jump from Rs 4587.46 cr in 2014-15 and Rs 7813.48 cr in 2015-16.

Further, Jammu and Kashmir Light Infantry (JAKLI) witnessed big jump from Rs 966 crore to Rs 1210.61 crore in fund allocation.

National Mission on Pilgrimage Rejuvenation and Spiritual Augmentation has been allotted Rs 100 crore.

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