Union budget states-centric: PDP

Image
Press Trust of India Srinagar
Last Updated : Jul 10 2014 | 8:10 PM IST
Terming the Union budget presented by Finance Minister Arun Jaitley as states-centric and gender-friendly, Opposition PDP today welcomed the special funding for various initiatives in Jammu and Kashmir.
Peoples Democratic Party president Mehboba Mufti and Lok Sabha MP from Srinagar Tariq Hamid Karra, however, demanded funding for the development of the state on the pattern of northeast states.
While welcoming the proposal to set up an IIT in Jammu, the two leaders demanded that an IIM be established in Kashmir so that the youth in the Valley do not feel a sense of neglect.
Welcoming the government's announcement to establish new All India Institutes of Medical Sciences (AIIMS) in various states, Mehbooba and Karra demanded that one such institution should be established in both the regions of the state.
Hailing the initiatives like dedicated funding for sports and Pashmina development in Jammu and Kashmir and allocation of funds for rehabilitation of migrants, the PDP MPs said "if put together with the annual plan allocation of Rs 7,000 crore, J&K will be getting not more than Rs 7,800 crore allocation while on the other hand the allocation for northeastern states is a whopping Rs 53,000 crore.
"There is a huge mismatch between funding for J&K and northeastern states and the gap needs to be bridged over," they said.
The two leaders reiterated the PDP's demand for having a separate J&K Affairs Ministry in the Central government for focused development of the state.
The PDP also demanded due share of funds from around Rs 1,000 crore allocation proposed for border area development.
"As J&K has a huge population living along the borders, the state should get due share in the border area development fund," they said.
Meanwhile, Kashmir Chamber of Commerce and Industries (KCCI) termed the union budget as "good" for the manufacturing sector, but said it had nothing specific for Kashmir except for the Pashmina initiative.
"It is a good budget. The main thrust is on manufacturing sector. There is a proposal for promotion of Pashmina industry which can grow here, which is a welcome initiative," KCCI president Sheikh Aashiq Ahmad said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 10 2014 | 8:10 PM IST

Next Story