JK pushing for early plan approval
Meeting with PCI likely in mid-Jan
Jammu, Dec 22: Jammu and Kashmir Government is pushing for early approval of annual plan allocation for fiscal 2012-13 to avoid the situation it faced last year when plan was approved in May, delaying the release of funds for developmental projects.
Sources said that officials are waiting for invitation from Planning Commission of India (PCI) for holding second round of meeting, which is likely to be held by the mid of January. J&K’s annual plan, Prime Ministers Reconstruction Plan (PMRP) and other Centrally Sponsored Schemes (CSS) would be discussed in the proposed meeting and the state would also urge the PCI to consider release of the funds early so that the projects may not suffer for want of money, sources said.
First meeting between the state official team and the Centre was held on December 15 in New Delhi as part of the preliminary round of talks on the plan projections for next fiscal.
“This year government is trying its level best to get the approval of the plan before the budget session so that the funds are released in time and short working period is utilized properly”, said a source from Planning Department.
He said that last year implementing agencies had to face lot of problems as the wrap up meeting between Chief Minister Omar Abdullah and Deputy Chairman Planning Commission Montek Singh Ahluwalia was held on June 15 and the actual fund flow started in July-August.
It is pertinent to mention here that Montek Singh Ahluwalia had asked J&K to present projections for 12th five-year plan, which would be starting from April 1, 2012. The 11th five-year plan is ending during the current financial year.
When contacted, Finance Minister A R Rather said the state was hoping to start the work early this year. “As per the programme, administrative heads of various government departments will take part in Working Group (WG) meeting to present sector-wise requirements after getting next invitation”, he said.
The Finance Minister said that keeping in view the advantages of early plan formulation the state would try to get early approval from the Centre so that funds are released in time.
Officials said that though a formal decision on projection of next fiscal year's plan was yet to be taken by the Cabinet, J&K is expected to seek Rs 7300 crore worth annual plan, indicating a 10 per cent hike over current year's plan. This year the state had got Rs 6600 crore plan.
Lastupdate on : Thu, 22 Dec 2011 21:30:00 Makkah time
Lastupdate on : Thu, 22 Dec 2011 18:30:00 GMT
Lastupdate on : Fri, 23 Dec 2011 00:00:00 IST
- MORE FROM BUSINESS
- JK pushing for early plan approval
- Conference on ‘networking & mergers, labour laws’ held
- ‘Ravi waters to make JK food surplus state’
- Akhoon inspects Pampore Gas Plant
- BSNL has no triple zero series available
- Akbar Art Gallery bags award
- JK serves `8,500 cr compensation notice to Punjab govt
- Govt mulls to enhance crop compensation: Chib
- Economy to grow by 7.5 pc next fiscal, says Fitch
- RBI raises alarm over corporate loans
Attendant disappeared after admitting her in hospital last month
ARSHAD M BHAT
Srinagar, Dec 22: In what could be described as degradation of human values in the society, body of a woman, who breathed her last six days ago at a local hospital, is still lying in the mortuary of Government More
- Srinagar City
Hi-tech screen at TRC displays Sgr-Jmu highway status updates 24X7
GK CITY CORRESPONDENT
Srinagar, Dec 22: Gone is the era when people planning to travel to Jammu by road would look puzzled during winters when bad weather hinders travel prospects on the mountainous route traversing the mighty More
Jammu, Dec 22: The Minister for Tourism and Culture Nawang Rigzin Jora today said the Government would make available adequate funds to promote and preserve art, culture and languages of the State by upgrading More
- South Asia
‘CRISIS’ IN PAK
REZAUL H LASKAR/PTI
Islamabad, Dec 22: Pakistan Premier Yousuf Raza Gilani today in an unprecedented tongue-lashing against the powerful military said it is "unacceptable" if the army "considers itself a State within State More
Washington, Dec 22: A probe by the Pentagon has concluded that the NATO bombing on two Pakistani border posts last month was unintentional and stressed that "inadequate coordination" between the US and More