Finance minister reveals tricks of finance

Finance minister reveals tricks of finance

SRINAGAR: State finance minister Haseeb Drabu said in his budget speech on Monday that he had figured out the “institutional and systemic fraud” and “discrepancies” in the financial structure of the government. “For instance, during one of the austerity drives, the big cut that finance departments enforced was on tea served in offices. The tea […]

‘NHPC cannot be dictated to’

‘NHPC cannot be dictated to’

SRINAGAR: Haseeb Drabu said at a press conference on Monday that the Indian government cannot tell NHPC (National Hydro Power Corporation) to return the 390-megawatt Dulhasti project and the 480-megawatt Uri-I project to the J&K government. “NHPC is a company and the government of India cannot tell NHPC to return the power projects,” Drabu said […]

Budget 2016-17 Highlights

Budget 2016-17 Highlights

General Total receipts Rs61681 crore Total expenditure Rs64669 crore Earmarked provision of Rs 700 crore for DA to employees and pensioners The growth rate at constant prices for the financial year 2015-16 expected to be 7.9 % Taxes Essential commodities exempted from VAT Tax hiked by 1% on printers, mobile phones, tablets, IPads and their […]

Inquiry report on Handwara killings: NC stages walkout

Inquiry report on Handwara killings: NC stages walkout

SRINAGAR: The opposition National Conference on Monday staged a walkout from the legislative assembly to protest against the government’s delay in tabling probe report on Handwara killings, promised by the speaker Kavinder Gupta. As soon as the finance minister Haseeb Drabu got up from his seat to present budget proposals, the NC legislators and MLA […]

Under which law Malik has been arrested, High Court asks

Under which law Malik has been arrested, High Court asks

SRINAGAR: The J&K high court has asked the government to reveal by Tuesday “the law and the authority” under which JKLF chairman Muhammad Yasin Malik has been arrested and kept in jail. The order was issued by a single bench of Justice R Sudhakar after Chief Justice N Paul Vasanthakumar treated Malik’s postal letter as […]

JK Budget 2016: Food testing laboratory for Jammu and Kashmir

SRINAGAR: In order to get a standard food testing laboratory at Jammu and Kashmir, Minister for Finance Haseeb Drabu on Monday said that an initial provision of Rs 12 crore would be made to set up each in Srionagar and Jammu. While presenting the Annual Budget 2016-2017 in the Legislative Assembly, the Minister said, “At […]

JK Budget 2016-17: Highlights

JK Budget 2016-17: Highlights

General * Total receipts Rs 61681 crore * Revenue Receipts Rs 51460 crore of which: Own Tax Revenue estimated at Rs 9220 crore. Share of Central Taxes up at Rs 9500 crore as against figure of Rs 8088 crore in Revised Estimates 2015-16. Revenue Deficit Grants of Rs 10831 crore as against Rs 9892 crore […]

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