JK’s dev projects to suffer after plan cut: Experts
Srinagar, July 18: Jammu and Kashmir’s developmental plans would take a hit after the Planning Commission of India refused to hike annual plan to the State for the ongoing year, experts said Monday.
The State Government would now require cutting down on the already worked out plan outlay in different sectors and will have to re-prioritize the developmental works following PCI’s rebuff.
“The Government will require giving a fresh look to the plan allocations due to cut in the proposed plan and the shortfall (of Rs 700 crore) would severely affect the ongoing and upcoming developmental projects during this year,” said economist Prof Nisar Ali.
The J&K Government had sought Rs 8000 crore annual plan from the PCI for the 2013-14 but it sanctioned only Rs 7300 crore.
Last year also the PCI had approved Rs 7300 crore outlay for J&K but this time Chief Minister Omar Abdullah who led a team of Ministers and bureaucrats to the meeting with the PCI for plan finalization earlier this month to New Delhi was expecting a normal increase of 10 percent in the outlay.
The PCI decision left the State Government disturbed and embarrassed.
On Monday Omar broke his silence over the low annual plan allocation to JK saying the Government of India did not take into consideration the financial constrains of the state.
Prof Ali said due to late sanctioning of the plan the execution of plan developmental schemes would also take a toll and it would have “adverse affect” on the growth.
“Government of India is acting as a bottleneck in the development of the State and they don’t realize the financial constraints the state was faced with,” said Prof Ali.
“Delaying the plan allocation to J&K and slicing the outlay show the negative approach of the Government of India which doesn’t seem to be well wishers of the State,” Prof Ali said.
A senior official in the Finance Department said PCI’s no to the proposed plan has upset the entire budget.
“Now, Government will require re-drafting the allocations and all the sectors would witness cut in the allocations.”
Of Rs 8000 crore projected plan State Government had proposed the highest outlay of Rs 2207 crore in Special Area Programs followed by Social Services with Rs 1578 crore and General Economic Services with Rs 1148 crore.
The lowest outlay of Rs 4.60 crore was proposed in Science, Technology and Environment followed by Rs 17 crore in Communication.
Reportedly the Planning Commission was not satisfied with the under performance of the State Government in revenue generation to augment state’s financial needs.
The low growth rate of Gross State Domestic Product (GSDP), dwindling trend in foodgrain production, and the increasing trend in import of poultry, mutton and allied products and increasing deficit in the power sector were some of the negative things taken note of by the PCI during the plan meeting.
Lastupdate on : Thu, 18 Jul 2013 21:30:00 Makkah time
Lastupdate on : Thu, 18 Jul 2013 18:30:00 GMT
Lastupdate on : Fri, 19 Jul 2013 00:00:00 IST
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