Economy141815 new projects in J&K since it turned UT: JK Adm

141815 new projects in J&K since it turned UT: JK Adm

Date:

Tawi, Feb 2: Following the abrogation of article 370 and the turning into two Union Territories, 141815 new projects have been initiated in J&K and , an official press release said.

 The union government promised to expedite these projects with liberal funding. “For the completion of these projects Rs 27274.00 Crores has been provided by Centre,” they added.

They also informed that the 17556 new projects were taken up in Ladakh. “For the completion of projects in Ladakh centre has provided Rs 3097.14 crores,” they added.

Moreover, sources informed that funds amounting to Rs. 19142.63 crores and Rs.1810.97 crores have been earmarked for J&K and Ladakh respectively for areas predominantly inhabited by the rural population.

“In the past, on an average 2000 works would be completed. Now as of today, 11508 works have already been completed and by the time the current fiscal year comes to a close, around 25000 works are expected to be completed. This represents 12 times increase over the previous years' average,” J&K Chief Secretary Arun Kumar Mehta had said.

Dr Mehta said the Capex performance has to be further improved to maximize the gains of fiscal reforms so as to create a virtuous cycle of growth in J&K that feeds on itself and continues to grow.

Stating that PRIs are the top focus of the Government, the Chief Secretary said that the developmental spending in the rural areas needs to be ramped up with the close support of the representatives of the local self-government for better infrastructure development.

Earlier Additional Chief Secretary, Finance Department, Atal Dulloo in his presentation stated that SGST collections as of December 2021 have been 46 % higher than the corresponding period in the last year while IGST settlement has registered a growth of 35 % over the previous year in the same period.

He further said that stamp collection is 87 % higher than the previous year over the same period even as MST collections have shown a growth of 46.41 cr.

It was further informed that Excise collections during the year are expected to exceed the last year's target by Rs 300 cr.

Giving details of the works under execution, Finance Secretary informed that out of 44245 projects/works taken up during 2021-22 under District CAPEX, 42102 works have been accorded administrative approval out of which 40248 works have been tendered. 28523 works out of the tendered works have been allotted / presently under execution. The department informed that out of 28523 works under execution; around 25000 works are expected to be completed during this fiscal year.

The department further informed that out of 2357 works sanctioned under languishing projects, 1192 works have been completed so far at a cost of Rs. 1983.77 cr.

Highlighting the importance of monitoring the regular CSS inflows from the central government, the Chief Secretary said that the department must work closely with the departments for seeking more CSS funds from the union government.

Dr Mehta laid emphasis on ensuring real-time audit of the departments through e-audit and said that instead of auditing account books on an ex-post basis, the department needs to do so on an ex-ante basis so that deviations from norms are checked before they happen.

He directed the department to ensure that all 24 services in the Excise department are integrated in the single window under the Reform Action Plan of the I&C department.
The Chief Secretary further directed the department to bring all 16 services under E-Grass on top priority.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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