CAG nails nine state depts for gross unaccounted-for spending in 2015-16

CAG nails nine state depts for gross unaccounted-for spending in 2015-16

SRINAGAR: Nine departments of the Jammu and Kashmir government have spent nearly Rs 2,000 crore in “violation of budgetary provisions” during the financial year 2015-16, the Comptroller and Auditor General (CAG) of India has said in its state finances report. According to the report, an expenditure of Rs 1,961.44 crore was incurred under 59 major […]

Hydropower market down, India’s ‘8 dams’ unlikely to be built

Hydropower market down, India’s ‘8 dams’ unlikely to be built

SRINAGAR: None of the 8 hydropower projects that the Government of India is trying to build quickly in Jammu and Kashmir, has the potential to yield economic benefits, yet steps are being taken in that direction. Why? Himanshu Thakkar, coordinator at South Asia Network on Dams, Rivers and People, told Kashmir Reader that the GoI […]

CAG finds urban bodies incompetent, callous, deficient

CAG finds urban bodies incompetent, callous, deficient

SRINAGAR: On paper, urban local bodies (ULBs) are mandated with planning and undertaking projects of economic and social development. On ground, projects meant for development have repeatedly been left incomplete, houses meant for poor people sanctioned but never constructed, and solid-waste management not even begun. According to the Comptroller and Auditor General of India, work […]

Bureaucracy, too, fears the GST

Bureaucracy, too, fears the GST

SRINAGAR: It is now the state bureaucracy that is saying that levying the Goods and Services Tax (GST) will bring ruin to industries, particularly to the handicraft industry, in Jammu and Kashmir. Commissioner Secretary Industries & Commerce, Shailendra Kumar, told Kashmir Reader that the GST will have a bad impact on the industries sector. “The […]

GST creates Catch-22 situation for business community

GST creates Catch-22 situation for business community

SRINAGAR: It is the third week since the Goods and Services Tax (GST) was introduced in the state but chaos over its implementation continues. The trader community is caught in a bind, having decided to reject the tax but at the same time unable to do business without it. “There is a fight going on […]

Last time J&K govt archived records? Not since 1985

Last time J&K govt archived records? Not since 1985

SRINAGAR: Contrary to all record-keeping practice, it has been 30 years since the Jammu and Kashmir government has archived a single government document, apart from transfer orders. Director, Archives, Archaeology and Museums, Mohammad Shafi Zahid told Kashmir Reader that no government department has sent any document, be it policy, decision or anything else, since 1985 […]

SIDCO gave loans thrice to company that defaulted each time

SIDCO gave loans thrice to company that defaulted each time

SRINAGAR: The Jammu and Kashmir State Industrial Development Corporation (JKSIDCO), a state-owned company that grants loans to industrial units, has sanctioned a loan three times to a private company that has each time failed to repay. The JKSIDCO granted the loan under the re-finance scheme of the Industrial Development Bank of India and the Small […]