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PM Modi makes no mention on Rs 70,000 Cr financial package
Drabu's Eid gift turns out to be a 'myth'
7/18/2015 12:34:36 AM

Early Times Report
Srinagar, July 17: The Jammu and Kashmir Finance Minister Haseeb Drabu who had recently claimed the Prime Minister Narendra Modi would announce a special financial package for Jammu and Kashmir very soon had to cut a sorry figure on Friday as the Prime Minister winded up his Jammu visit without even making a mention about any package for the state.
"It is true that government of India is announcing mega developmental package around Rs 70,000 crore to the Jammu and Kashmir. I cannot tell you the exact amount of package but I can say with the responsibility that it will be around the 70,000 crore which will be announced soon," Drabu had said.
Soon after the news about Prime Minister would visit Jammu to attend the centenary celebrations of late Congress leader Girdhari Lal Dogra spread, speculations started making rounds that Prime Minister during his visit to the winter capital would announce the package.
Close aides of the Finance Minister through their friends in media circulated the Prime Minister Modi is visiting the state ahead of Eid to give Eid gift to people. "The finance minister showing impatience and trying to project the Rs 70,000 crore package his victory has not gone well with the top PDP leaders," said a source.
He said the PDP top brass expects Drabu to act in a matured way. "It's unfortunate that our Finance Minister wants to take credit for the package and is trying to blow the issue out of proportion," the source added.
He said that Drabu's ambitious talks have embarrassed the government and have left it in the tight spot. Drabu had boasted that the package would be far higher than the one announced by the United Progressive Alliance government in 2004 under the Prime Minister's Reconstruction Package of Rs 24,000 crore (revised later to Rs. 36,265 crore).
"The projects would include a medical institute, affiliated to the All India Institute of Medical Sciences, in Anantnag, an Indian Institute of Technology each in Jammu and in Kashmir, and an Indian Institute of Management in Jammu," the Finance Minister had said.
As a face saving measure a senior PDP leader while talking to Early Times said: "The Chief Minister Mufti Mohammad Syeed wants that the package should be announced by the Prime Minister in Srinagar. The Prime Minister has agreed the same and it is expected that he would announce the package in Srinagar in the last week of July."
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