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Rajya Sabha passes Bill for budget of Rs 1 lakh crore for J&K

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Rajya Sabha passes Bill for budget of Rs 1 lakh crore for J&K

Union Territory of Jammu and Kashmir gets Bill for budget of Rs 1 lakh crore approved from the Rajya Sabha for 2020-21 on Monday, March 23.

Post approval from the upper house, the Bill was returned to to the Lok Sabha.

Anurag Thakur, Minister of State for Finance, post a discussion on the J&K Appropriation Bills, said of the total funds only 10 per cent of the funds will be used for security purposes in the region, the rest are earmarked for carrying out development works.

The Government of India has made a provision of over Rs 1 lakh crore for the UT’s budget for 2020-21 unlike Rs 88,911 crore in the previous fiscal year, added Thakur.

Further he said, population of about a crore was left earlier out of of the Ayushman Bharat scheme, Centre’s flagship health scheme, but now every resident will be covered under the scheme.

The Bills were approved in the Rajya Sabha with voice vote after a debate that lasted for about 2 hours. Post the procedure, the bill was returned to the Lower House. The Bills were approved with voice vote after a debate of over two hours. The Bills were passed in the Lok Sabha on March 19.

In J&K’s budget, the total estimate for the fiscal is Rs 1,01,428 crore, of which, developmental expenditure is estimated at Rs 38,764 crore — an increase of 27 per cent.

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