Budget session 2015:  5 expectations from State’s Finance Minister this year

Budget session 2015:  5 expectations from State’s Finance Minister this year

Jammu, November 30: As per the sources in the civil secretariat, the Budget session of the Jammu and Kashmir legislature will commence on January 15. Here is what is being speculated in the political corridors regarding this year’s budget session:

Completion of pending legislative business: As per reports in a local daily, this year’s Budget session will ensure smooth functioning of the administration. It will also deal with the bulk of pending legislative business, the sources said.

This session aims to conclude immense pending legislative business in both houses of civil secretariat which has been lagged due to dearth of time in the previous two sessions.

New Financial Schemes: It is also being speculated that the Finance Minister of the state, Haseeb Drabu is looking to incorporate many new financial schemes in the forthcoming Budget session. He is likely to start his interaction with stakeholders and the business community in Kashmir and Jammu region from next month.

Achievements of previous Budget proposals: While Drabu is likely to present the state’s annual Budget for 2016-17 on January 20, he will also highlight achievements of previous Budget proposals during his speech.

Focus on State’s developmental needs: This year’s budget will probably center connectivity, welfare schemes, power generation and long-term infrastructural needs. It will also highlight the government’s plan of action for build infrastructure for institutions like AIIMS, IIM and IITs in the state and how it would give a push to industrial growth. The idea is to address the problem of unemployment and give extra thrust to tourism, handicrafts and information technology.

Litmus Test for PDP-BJP coalition this year: Since last year’s Budget was presented in a hurry immediately after government formation on March 1. This time it will be a bigger test for the PDP-BJP government. Because of an unending shower of controversies in the state has dogged real issues, much of the homework that was to be done could not be completed in time and Budget preparations were affected but the government is hoping for smooth sailing this time, mostly because of major support provided through Prime Minister’s financial package.

Download the U4UVoice App Now:

Leave a Comment