December 30, 2025 07:31 pm (IST)

Make this your homepage

News

Amit Shah blasts TMC over border fencing; Mamata fires back on Pahalgam and Delhi blast | 'A profound loss for Bangladesh politics': Sheikh Hasina mourns Khaleda Zia’s death | PM Modi mourns Khaleda Zia’s death, hails her role in India-Bangladesh ties | Bangladesh’s first female Prime Minister Khaleda Zia passes away at 80 | India rejects Pakistan’s Christmas vandalism remarks, cites its ‘abysmal’ minority record | Minority under fire: Hindu houses torched in Bangladesh village | Supreme Court puts Aravalli redefinition on hold amid uproar, awaits new expert committee | Supreme Court strikes! Kuldeep Sengar’s bail in Unnao case suspended amid public outcry | From bitter split to big reunion! Pawars join hands again for high-stakes civic battle | CBI moves Supreme Court challenging Kuldeep Sengar's relief in Unnao rape case

J&K Guv NN Vohra meets Jaitley

India Blooms News Service | | Jan 31, 2015, at 02:42 am

#J&K Guv NN Vohra # Arun Jaitley # Jannu and Kashmir # New Delhi

New Delhi, Jan 30 (IBNS): Jammu and Kashmir Governor N. N. Vohra Friday met Union Finance Minister Arun Jaitley in New Delhi to seek special and additional financial assistance to bail the state government out of the current financial crises.

The Governor apprised the Union Finance Minister that the State Government continues to reel under the burden of huge structural negative bBalance in Current Revenues (BCR) which has grown over the years, an official spokesman said.

The situation has further been aggravated by the unprecedented floods that struck the state in September 2014 resulting in colossal losses to life, private property and public infrastructure.

The damages have adversely impacted the pace of economic activity in the state also leading to erosion of state government revenues, Vohra told Jaitley.

The Governor further observed that there is an unfunded gap of over Rs 5000 crores in the overall resources of the state government as a result of which the level of pending liabilities across the treasuries in J&K has crossed over Rs 2000 crore, the spokesman said.

The Union Finance Minister assured the Governor that the State Government's financial difficulties will be immediately looked into by the Union Finance Ministry with all sensitivity and sympathy on an emergent base.

It was decided that a team of senior officers from the State Government will meet the Secretary Expenditure in the Union Finance Ministry so that the State Government's requirements are addressed in a time bound manner.

The Governor also requested for immediate release of the balance amount of around Rs 1160 crore under Special Plan Assistance (SPA) to ensure timely completion of ongoing development projects in the State.

(reporting by Saleem Iqbal Qadri)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

In images: Amit Shah arrives in Kolkata for a 3-day visit in poll-bound West Bengal Dec 29, 2025, at 09:47 pm

In Images: PM Modi pays heartfelt tribute to Atal Bihari Vajpayee on 101st birth anniversary at Rajghat Dec 25, 2025, at 02:05 pm

In Images: Inside PM Modi’s Christmas visit to Delhi church Dec 25, 2025, at 12:26 pm