LS passes Rs 1.185 lakh cr budget for J&K
   Date :22-Mar-2023
 
budget for J&K
 
 
NEW DELHI, 
LOK Sabha on Tuesday passed a Rs 1.185 lakh crore budget for the financial year 2023-24 for the Union Territory of Jammu and Kashmir, amid ruckus by the Opposition over a demand for a Joint Parliamentary Committee (JPC) probe into the Adani issue.
The budget has allocated Rs 2,526.74 crore to agriculture and horticulture; Rs 2,097.53 crore to health and medical education; Rs 4,169.26 crore to rural department; Rs 1,964.90 crore to power sector; Rs 7,161 crore to Jal Shakti; Rs 2,928.04 crore to housing and urban development; Rs 1,521.87 crore to education; and Rs 4,062.87 crore to construction of roads and bridges. As soon as the House met again at 2 pm after an adjournment, Rajindra Agrawal, who was chairing the proceedings, asked BJP’s Jugal Kishore Sharma to initiate the discussion on the budget for the Union Territory, which is under central rule at present.
Sharma spoke for a minute after which the process to pass the budget was initiated. The budget for Jammu and Kashmir was passed by a voice vote amid din. Minister of State in the Finance Ministry, Pankaj Chaudhary, moved the proposals related to the Union Territory’s budget on behalf of Finance Minister Nirmala Sitharaman.
LS passes Rs 1.48 lakh crore supplementary grants
LOK Sabha gave its approval to the Central Government to spend an additional Rs 1.48 lakh crore during the current financial year 2022-23, amid uproar by Opposition parties on the Adani issue. On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.
“However, the net cash outgo aggregate is estimated at only Rs 1,48,133.23 crore. The remaining expenditure will be matched by savings of the Ministries/Departments or by enhanced receipts/recoveries aggregates to Rs 1,22,374.37 crore,” said the statement on supplementary demands for grants.