Finance Minister To Present J&K Budget Today.

Finance Minister To Present J&K Budget Today.

Finance Minister Nirmala Sitharaman is set to present the budget for Jammu and Kashmir in the Lok Sabha and it is expected to be taken up for discussion in the post-lunch sitting of the House.

This will be third straight budget of J&K to be presented in the Parliament in absence of elected Assembly in the Union Territory.

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Top officials of Jammu and Kashmir especially those affiliated with the Finance Department have already reached New Delhi to be available for giving final touch to the budget along with the Union Finance Ministry officials and remain available in the capital for any queries.

The Opposition is likely to corner the government on a range of issues, including rising unemployment, a reduction in the interest rate on employees’ provident fund and the evacuation of Indians stranded in war-hit Ukraine.

Top on the government’s agenda would be getting Parliament’s approval to the budgetary proposals and presentation of the budget for the Union Territory of Jammu and Kashmir.

The government has also listed the Constitution (Scheduled Tribes) Order (Amendment) Bill for consideration and passing in the Lok Sabha.

With the COVID-19 situation easing out considerably, both the Lok Sabha and the Rajya Sabha will have simultaneous sittings from 11 am, instead of the two separate shifts during the first part of the Budget session from January 29 to February 11.

The session convenes days after the ruling Bharatiya Janata Party (BJP) registered victories in the Assembly polls in four states — Uttar Pradesh, Uttarakhand, Goa and Manipur — while the Aam Aadmi Party (AAP) stormed to power in Punjab.

Meanwhile the opposition leaders are also expected to demand a statement from the government on the evacuation of Indian nationals, mostly students, stranded in war-hit Ukraine.

The Opposition had hit out at the government over the “delay” in rescuing the students caught in the war zone and criticised the Ministry of External Affairs (MEA) for issuing “vague” advisories.

KASHMIR