J&K Govt to Advance Budget Session

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JAMMU: J&K government has decided to advance the budget session of the State Legislature, an official spokesman said here today. 

The Cabinet which met here today under the Chairmanship of Chief Minister Mufti Mohammad Sayeed decided that Department of Law, Justice and Parliamentary Affairs, as per the provisions of the State Constitution, shall process the matter regarding advancement of Budget Session, an official spokesman said. 

The budget session of the State Legislature was beginning from February end annually. 

The Cabinet approved the proposal that the Budget allocation for the 50 per cent of the amount under each head including capital expenditure (CAPEX) would be released by the end of February or 1st week of March to enable the line departments to make adequate preparation in advance and commence expenditure from April 1st, he said. 

The District Development Board meetings would be held, not later than last week of March, to finalize the developmental plan of each district, the spokesman said. 

The midterm Budget review would be presented in the summer session to be held around mid August every year and the Law Department would take a call for its extension by 10 days to allow discussions and voting on midyear and revised budget. 

The Cabinet also decided that the economic survey containing complete facts and figures for the last financial year would be presented in the summer session of the legislature for discussion, the Spokesman added.

Cabinet Discusses PM’s Package

The Cabinet discussed the Reconstruction Plan for J&K amounting to Rs 80068 Crore announced by the Prime Minister on 7th November, 2015.

The Reconstruction Plan covers sectors like humanitarian relief, crisis management, social infrastructure, development projects and economic infrastructure aimed at expanding the economic infrastructure and basic services, providing thrust to employment and income generation and providing relief and rehabilitation to the victims of September 2014 floods and to strengthen the Disaster Management framework of the state, an official spokesman said. 

The Cabinet decided that a mechanism would be worked out to monitor and implement the Reconstruction Plan effectively, he added.

 

 

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