Connect with us

JAMMU & KASHMIR

JK going through an unprecedented economic crisis : NC | KNO

Rather castigates PDP BJP govt for short of funds in the first month of financial year

Published

on

kno news

‘CASO’s have become order of the day’

Senior National Conference leader and former Finance minister Abdul Rahim Rather on Friday blamed the incumbent PDP BJP government for the states worsening economic condition over the last three years. In a statement issued to KNB said “The state’s economy is continuously witnessing a sharp decline ever since this government took over.

Local industry has nosedived to a record low, trade is being mismanaged while agriculture has bore the brunt of this chaos,” former Finance Minister said while speaking at a public gathering in Darwan, Nowgam, Char-i-Sharief. “The state of J&K is on a clampdown when it comes to financial matters.

The assertion of having revenue luxury by the government has proven to be misleading and fictitious. Most serious is the fact that government finances are indicative of a crumbled economy especially with respect to deferring of liabilities. Inevitable to disturb the budgetary allocation of next year, the liabilities have accumulated to such an extent that there is a certainty of their flow to the next fiscal year,” Abdul Rahim Rather said.

Questioning the Mehbooba Mufti government over the implementation of 7th Pay commission bound to happen by April 2018, senior NC leader said, “This government finds itself tied down. There is an absolute breach of commitments and an upright refusal towards the payment of arrears. The State legislature and the people were made to believe that an amount of 95,000 Cr would be available to the government for expenditure during 2018-2019. If it was so, why is the government short of funds in the first month of the financial year? The government needs to work harder on its fiscal arithmetic.”

Drawing comparisons with the decisions taken in the previous NC led government, Rather said, “We introduced a pay hike of 50% with an additional Rs 4200 Cr as arrears while implementing the 6th pay commission recommendations without any aggravations or stresses. However, the current administration has increased the pay hike to a mere 16% with a denial to disburse arrears.”

“Technical glitches in the implementation of GST, against the expert advice, has reduced the business sentiment and affected the common man alike. As of today, the state has been deprived of its fiscal autonomy due to the inconsiderate and reckless adoption of this tax regime,” he said. Commenting on the current law and order situation in the state and the recent assertions by Union MoS Home Affairs on the process of dialogue, senior NC leader said, “CASO’s have become the order of the day. Nothing can be more demeaning when no less a person than the Chief Minister herself mentioned that ‘bullet for bullet’ has been adopted as a principle.

Helplessly, the CM also mentioned that the state has been left alone by the country. This proves the desperate and distressed nature of the current dispensation. The Union MoS Home affairs recently referred to the J&K CM as not having pushed for any formal proposal of talks between India and Pakistan. This comes at a time when the Chief Minister has been constantly urging the Centre to initiate talks with the neighbouring country to mitigate the ever-increasing apprehension between the two nations and the state of Jammu and Kashmir.” The gathering was also attended by District President Budgam Abdul Ahad Dar and District Secretary Ghulam Ahmad Naseem.

Trending

TOP STORIES16 hours ago

Missing Budgam youth found dead in his cab near Sonwar, Sgr | KNO

TOP STORIES23 hours ago

Body of Sopore man recovered from Jhelum in Srinagar | KNO

TOP STORIES1 days ago

Air Force soldier killed, 4 injured as terrorists attack convoy in Poonch | KNO

TOP STORIES1 days ago

Women’s cycling literacy campaign reaches Srinagar | KNO

TOP STORIES1 days ago

After 3 decades, Kashmir hosts mega national tourism conclave: ‘Paradise open for investment dominates session’ | KNO

TOP STORIES1 days ago

Anjuman Auqaf and Anjuman-i-Nusrat-ul-Islam imparts Hajj training to pilgrims | KNO

TOP STORIES1 days ago

KCC&I signs MoU with SGCC&I in Sgr

TOP STORIES1 days ago

J&K Bank’s annual net soars 48% to reach its highest ever profit of Rs 1767 cr | KNO

TOP STORIES1 days ago

2 drug peddlers arrested in Baramulla: Police | KNO

TOP STORIES1 days ago

Dulloo tours Srinagar to assess progress of Smart City works | KNO

TOP STORIES1 days ago

LG attends Medhavi Chhatra Samman Samaroh | KNO

TOP STORIES1 days ago

Bandipora-Gurez road closed for traffic | KNO

TOP STORIES1 days ago

LS Polls: DPAP's Shoiab Lone extends support to Er Rasheed | KNO

TOP STORIES1 days ago

Anantnag's Achabal residents face acute drinking water scarcity | KNO

TOP STORIES1 days ago

Watchi residents demand doctors, other facilities at NTPHC | KNO

TOP STORIES1 days ago

Nowgam Bypass road stretch irk locals, demand early macadamization | KNO

TOP STORIES1 days ago

Why didn't NC, PDP make Article 370 permanent in 70 years of their rule: Altaf Bukhari | KNO

Copyright © 2021