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| Randir submit memo to FC | | NCP for ensuring equitable dev. of all regions | |
Early Times Report
Jammu, July 3: Thakur Randhir Singh NCP chief J&K state has attended the meeting of the 13th finance commission held in Srinagar and submitted the memorandum to the chairman of the commission. While giving a resume of the memorandum Singh said in the backdrop of the diacritical elements of security development, regional balance countenanced in Jammu and Kashmir state, finance commission should engage itself more effectively to purvey a strong financial base to overcome the problems in the development. It is being increasingly realized that a sustainable paradigm of financial devolutions should not only look at the state perspective but address the micro cult to respond to regional aspirations. The economic problems of J&K State are inextricable linked up an enmeshed with varying levels of development of three regions, namely, Jammu, Kashmir and Ladakh manifesting a delicate equipoise which can be strengthened by following specific approach.
Thakur said that the finance commission should look at the infrastructural gaps particularly in the contest of regions in the state and make appropriate recommendations far ensuring equitable development through differentiated approach. This will go a long way in furthering development with equity and would be in conformity with the need for a strong federal structure through decentralized and regional specific approach.
By way of example-Jammu 40% area irrigated (60% Kashmir), less road connectivity in Jammu, Huge Kandi belt, Kuchha house etc.
Former minister said that financial management and fiscal discipline in the state can not be ensured unless the issue of burgeoned over draft is tackled. It has crossed all imaginable level of over Rs 2000 crore. It has induces serious implications in terms of huge development activities. Huges sums of money remains unpaid at Treasuries, which not only raises the issues of credibility, but also leads to corruption. The financial management in the state is steeped in a morass because of huge over draft. Streamlining can be done by a special dispensation for |
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