Finance Minister announces gas pipeline project for UT
SRINAGAR: The Government of India on Monday proposed Rs 30757 crore in the Union Budget as central grant for Jammu & Kashmir Union Territory for the next financial year.
The budget unveiled by Union Finance Minister Nirmala Sitharaman in the Lok Sabha reveals that Rs 30757 crore have been allocated as grant for J&K Union Territory for 2021-22.
The allocation for Jammu & Kashmir is same to the amount proposed in the last Union Budget as central grant.
An official told news agency—Kashmir News Observer (KNO) that there is unlikely an increase in the budget of J&K UT which will be presented by the Union Finance Minister later this month or next month in Lok Sabha.
“Since there has been no enhancement in J&K’s grant, there won’t be any increase in the UT’s budget which will be unveiled in the Parliament for the second consecutive year in absence of Legislative Assembly in the former state,” he said.
In March this year, the Government of India presented budget of Rs one lakh crore for Jammu and Kashmir for 2020-21.
Gas pipeline for J&K
In her budget speech, Finance Minister also announced that a gas pipeline project will be taken up in Union Territory of Jammu & Kashmir.