Rs 113 crore earmarked for employment Policy in Budget:J&K Finanace Minister
Finance Minister, Abdul Rahim Rather today said the Budget 2010-11 lays thrust on agriculture and allied sectors. He said the State Government has requested the Centre to make the Cross LoC trade easier.
JAMMU AND KASHMIR Finance Minister, Abdul Rahim Rather today said the Budget 2010-11 lays thrust on agriculture and allied sectors. He said the State Government has requested the Centre to make the Cross LoC trade easier and in this connection telephone connectivity across LoC is being restored.
Detailing the highlights of the Budget, Rather said in an interaction with the media persons outside the Legislative Complex immediately after presenting the Budget 2010-11 in the Legislative Assembly this morning, that the agriculture sector has witnessed slump in the State during the past 30 years and its share in Gross State Domestic Project has dipped to 25% from 47% during the eighties. He described agriculture as a primary occupation which, provides employment opportunities to around 70% of the population and said that it has been thought proper to provide incentives to various activities in the sector.
To give tourism a boost, the Minister said that hotels and lodges have been given tax exemption for the next year. He said a similar exemption has been extended to Industrial Sector for the next year after which a uniform and broad tax regime would be introduced throughout the country. The Minister said Rs. 113 crore have been earmarked for Sher-i-Kashmir Employment Policy and Skill Development Institute would be set up at every district headquarters. He said about 20,000 youth have been absorbed in Government jobs and another 20,000 employment opportunities are also being made available. He said the 13th Finance Commission has doubled its award to the State for which he thanked the Commission. On the efforts of the Government to improve Cross LoC trade, the Minister said on the request made by the State Government, the Centre has agreed to restore five telephone links across LoC for making the trade transactions smoother and simpler. He said the State Government is requesting the Centre for making the trade easier and basic infrastructure in this regard is being developed. He said the quantum of trade across LoC is also increasing.
Login
 Login through Social ID
|
