Union Territory of Jk Demands Progress on Budget Announcements

Union Territory of Jk Demands Progress on Budget Announcements
Union Territory of Jk Demands Progress on Budget Announcements
Union Territory of Jk Demands Progress on Budget Announcements
Union Territory of Jk Demands Progress on Budget Announcements

Union Territory of Jk Demands Progress on Budget Announcements

Union Territory of Jk Demands Progress on Budget Announcements. Pic/daily excelsior

The Government of the Union Territory of Jammu and Kashmir is actively seeking updates on the progress of Budget Announcements for the Financial Years 2022-23 and 2023-24. This proactive approach aims to ensure that the budgetary commitments are fulfilled in a timely manner. This directive comes in accordance with the Jammu and Kashmir Re-organization Act, 2019, as the Union Territory remains under the President’s Rule with legislative authority vested in the Parliament.

Rigorous Accountability: October 22, 2023 Deadline

All Administrative Secretaries and Heads of the Departments (HoDs) have been tasked with submitting an Action Taken Report (ATR) by or before October 22, 2023. The Finance Department of the Union Territory emphasizes that non-compliance will be treated with utmost seriousness by the government.

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Budget Focus and Major Announcements for 2022-23

The Budget for Financial Year 2022-23 prioritized several crucial areas, including good governance, grassroots democracy, accelerated development, and inclusive growth. It also aimed to facilitate investment and industrial growth while focusing on infrastructure development to enhance the quality of life and employment opportunities. Youth initiatives, women empowerment, and broader social inclusion were integral aspects of this budget.

Notable announcements included doubling farmers’ income through high-yield crop cultivation and modern technology adoption. Major civil and electro-mechanical works of vital hydroelectric projects were scheduled for completion. The budget also allocated resources to promote offbeat tourist destinations and develop unexplored sites through public-private investment models. Moreover, it outlined the completion of projects under the Jammu and Srinagar Smart City initiatives.

The budget earmarked funds for the establishment of 518 Smart/Virtual classrooms in Higher Secondary Schools, the creation of sports infrastructure in 100 schools, and the development of new industrial estates in both Jammu and Kashmir divisions.

Remarkable Progress and Budget Highlights for 2023-24

The Budget for Financial Year 2023-24 highlights the remarkable progress in various sectors of Jammu and Kashmir since the transformative changes in August 2019. The Union Territory has witnessed significant development in critical sectors such as power, tourism, road connectivity, urban development, health, sports, water resources, and rural development.

The Finance Minister pointed out that Jammu and Kashmir has excelled in the implementation of various national schemes, such as the Pradhan Mantri Gram Sadak Yojana (PMGSY), Amrit Sarovar, SVAMITVA Scheme, Azadi Ka Amrit Mahotsav, Nasha Mukt Abhiyan, and Renewable Energy Development. It also ranks high in categories like Agriculture Income, Ease of Living, Ease of Doing Business, Transparency, Sustainable Development Goals, and One Nation One Ration Card.

Key budget announcements for 2023-24 encompass the operationalization of the Cancer Institute in Jammu, strengthening trauma care facilities, and the declaration of all villages as Open Defecation Free Plus under the Swachh Bharat Mission Gramin (SBM-G). Other initiatives include the construction of 1500 new Panchayat Ghars, improved power supply hours, reduced transformer damage rates, and the provision of Functional Household Tap Connections. The budget also focuses on the rejuvenation of identified water bodies in Urban Local Bodies and the full implementation of the National Education Policy (NEP).

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