KL NEWS NETWORK
The Kashmir Chamber of Commerce and Industry (KCC&I) Monday expressed disappointment with the much-publicized Rs 80,000 Crore economic package and lamented that despite the fact that return of power projects has been agreed upon in common minimum programme clinched between the coalition partners, PM Modi didn’t even mention it during his visit to the state.
President of KCC&I, Mushtaq Ahmad Wani said that the chamber has explored the package that was announced by PM Modi here on Saturday.
Terming the package as “shallow since it does not meet to the requirement of funds essential for relief and rehabilitation of the people” who suffered enormous losses during floods, Mushtaq, in a press conference, said, “Whatever has been announced in the package is something that was already promised to the state.”
He said that there was nothing new in it. “Smart cities have been allocated long ago. PM is taking the credit now and befooling people. State government doesn’t need to get excited about it,” he said.
He said that an amount of Rs 7000 crore as relief and rehabilitation against the estimated Rs 44,000 crore for the flood hit is a crude joke.
KCC&I had submitted its flood damage appraisal to the State and Union Governments for consideration and to be dispensed to the people for restoration and reinforcement of their normal day to day activity. “The last government downplayed the assessment and instead made their own estimates and sought Rs 44,000 Crore relief package from the Union Government,” he said
Contrary to the expected immediate response from the Union Government, Mushtaq said, “Prime Minister in his extremely belated announcement had come out with a baffling allocation of funds in the name of package.”
“Rs 7854 crore has been allotted for the losses suffered during the September 2014 floods against the requirement of Rs 37000 Crore demanded by the State Government. While the flood management is estimated to involve a separate huge expense of over Rs 30,000 Crore for enhancing the carrying capacity of the existing flood channels, digging alternate flood channels and dredging of river Jhelum and tributaries etc,” the statement said.
“The state government has failed the people of state on all fronts and it has insulted its own agenda of alliance. The promised AIIMS has now been downgraded to an AIIMS like hospital,” he said.