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Sunday, March 24, 2024
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Public Finance

Budget Estimates 2012-13

The next year’s total receipts and expenditure are estimated at Rs 33,853 crore each. The total revenue receipts are estimated at Rs 29,948 crore...

Annual Plan 2012-13

The Planning Commission of India has yet to formally determine the size of the Twelfth Five Year Plan, which, when finalized, will also give us a firm idea about the likely size of our successive annual plans for the coming five years.

Fiscal Initiatives

VAT on food grains
I had apprised the Hon’ble Members last year that several states are charging VAT at rates, ranging from 4% to 5%, on atta, maida, suji, besan, paddy and rice etc. In consideration of last year’s rising food inflation as an All India phenomenon, I had deferred my proposal to bring these items under the VAT net and announced the continuation of exemption from the levy of VAT on these commodities upto 31st March, 2012.

MANAGING ECONOMY

Public finances comprise major part of Kashmir’s economy, leaving government as the main employer, spender and the policy maker. As Finance Ministry is rushing...

Cleaning Up Registration

After a series of reforms, the stamp duty and the registration process have paved way for better returns to the exchequer. Now the reformed...

J&K Obliges Taxman

People in J&K pay more to income tax than to the state power department. While the power tariff collections in the state were around...

Seed Capital Fund Scheme

Sher-e-Kashmir Employment and Welfare Policy for Youth (SKEWPY) was announced as ruling coalition’s flagship plan to manage unemployment by encouraging youth to become entrepreneurs....

A GOVERNMENT FOR SALARIES

As the lawmakers unanimously decided to double their wages for the second time in less than five years, the government employees have intensified their...

Budget 2011-12: Budget In Classroom

Revenue Receipts : are all those receipts, which do not incur repayment liability. These include, in addition to the State’s own revenues (Tax and...

Budget 2011-12: Industrial units

  The industrial units registered within the State have been enjoying the benefits of exemption from payment of GST under the specified conditions and for...

Budget 2011-12: Empowering Farming community

The present government has given due recognition to the needs of empowering our farming community and strengthening of the Agriculture and Allied sectors. Honourable...

Budget 2011-12: New Initiatives

Aushadh Vaatika Herbal medicines and herbal cosmetics are back in demand globally. The market is growing very fast. The profitability in the Industry manufacturing herbal...

Budget 2011-12: Structural Reforms

Structural reforms are like medical surgery. Such surgical operations have to be carried out only when they become inevitable and they always result into...

Budget 2011-12: Inclusive Development

The concerns of inclusive development always figure upper most in all my annual budgetary exercises. The government is committed to the balanced growth of...

Budget 2011-12: Animal Husbandry

A liquid nitrogen plant with 21 litre/per hour capacity is being established at Zainakot. Embryo Transfer Technology laboratory is being established at Panthal for...