JK Govt should rely less on central funds: Experts

JK Govt should rely less on central funds: Experts

‘Ongoing conflict in Kashmir has affected its development’

An eminent panel of economic experts today suggested that Jammu and Kashmir government must find ways to generate revenue from its own resources “rather than being dependent on government of India funds.”

The experts during an interaction with mediapersons on the sidelines of 57th annual conference titled ‘The Indian Society of Labour Economics (ISLE), at SKUAST campus here, said the ongoing conflict in Kashmir has severely affected the development of the state.

Former member of erstwhile Planning Commission and professor CESP Jawaharlal Nehru University Prof AbhijitSen said due to conflict, Kashmir is relying more and more on funds from the centre government “which is not good.”

“The state government should work to generate revenue from its own resources rather than being fully dependent on the outside help,” Prof Sen said, adding that the lack of development further stokes conflict in conflict zones.

Prof Ravi Shankar Srivastava of JNU said the ongoing conflict has severely affected the economy of Kashmir.

Prof. S.R Hashim and Prof. Yoginder K Alagh said stressed the need for making the system more transparent.

CUK Vice-Chancellor, Prof. Mehrajud Din said the conflict in Jammu and Kashmir has adversely affected its economy. “The state economy also got a big jolt by September, 2014 floods and continued political uncertainty,” he said.

About the establishment of the University at Ganderbal, Prof. Mehrajud Din, said that after few technical glitches, the work on the construction of permanent campus is in progress. “The University intends to shift the academic activities to Ganderbal campus and for that PEB structures were being built,” he added.

Meanwhile, during the conference Minister for Finance, Dr. HaseebDrabu chaired a panel discussion on Growth and Development in Jammu and Kashmir and shared his thoughts about the topic.

The three-day Conference is being organized by the department of Economics, CUK, in association with division of Agricultural Economics and Marketing, SKUAST-K and JK Bank at Agriculture University auditorium, here.