The main interest in the ensuing session of the state legislature is to see wheather the Government led by Mehbooba Mufti, opts for some new taxes which could help the Government in implementing various development projects.
In fact the issue of imposition of new taxes seems to have started bothering the senior leaders of the two parties,the PDP and the BJP.
It is so because the financial health of Jammu and Kashmir state is not well.
But Mehbooba, inside reports say, has suggested to the Finance Minister, Haseeb Drabu that he should initiate meetings with leaders of trade, industry and with a cross section of people so that he gets the idea whether imposing fresh dose of taxes is feasible or not.
The session of Legislative Assembly (LA) will begin on May 25 and government will present the budget on May 30th.
Mehbooba did follow the footsteps of her father because she and her father had one mission of developing the state into a prosperous area.
Hence imposition of taxes or having a tax-free budget proposal depends on the central Government’s response to the state’s financial requirement.
Transporters have suffered losses because of repeated shutdowns and on account of decline in tourist traffic to Kashmir.
As such traders,transporters,hoteliers and houseboat owners who can bear heavy taxes seem to be helpless because of regular losses.