Jaitly chairs Pre-Budget Consultation Meeting of State Finance Ministers
J&K Minister for Finance and Ladakh Affairs, Abdul Rahim Rather today called for “bold” fiscal and monetary initiatives in the ensuing union budget in consultation with all the stakeholders, to realize the objective of containing inflation, stabilization of the rupee and accelerating the pace of national economic growth besides giving impetus to manufacturing activities and improving the exports.
Speaking at the first pre-budget consultation meeting of the State Finance Ministers, chaired by the Union Finance Minister, Arun Jaitly at New Delhi today, Rather exuded confidence that the “unfolding of new priorities and programmes in the first budget of the newly elected Union Government coupled with the right budgetary interventions shall adequately guide the course of the nation’s economy.”
Rather, according to an official statement, said the fund requirement of all the central projects under execution in the states, whether taken up under state plans or the union flagship programmes, Centrally Sponsored Schemes or the Central Schemes, “shall need to be the first charge on the current year’s budgetary resources of the Union,” adding that the “people have been eagerly and patiently awaiting their early completion.
Rather sought high priority for linking of Kashmir with the national railway network and upgrading and four laning of NH – 1A up to Kashmir which is much behind the schedule in some segments.
“In view of its critical importance in many ways and for economic uplift of the region, it shall need your priority consideration,” he said.