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Rather’s Budget Puts Economy In Perspective Receipts Rs 22739 Cr, fiscal deficit down by Rs 306 Cr 8/11/2009 12:11:30 AM Proposals: Revenue Expenditure Rs 14949 Cr, Capital Expenditure at Rs 7790 Cr EARLY TIMES REPORT JAMMU, Aug 10: 1. Special thrust on social and infrastructure sector, mild hike in taxes 2. The current year’s total receipts pegged at Rs. 22,739 crore in comparison to last year’s Rs.19,077 crore. Rs.19,462 crore are expected as revenue receipts and Rs.3,277 crore as capital receipts. 3. The current year’s total revenue expenditure is estimated at Rs.14,949 crore, indicating a revenue-surplus of Rs.4,513 crore. The total capital expenditure is estimated at Rs.7,790 crore. 4. The fiscal deficit is estimated to come down to Rs.2,081 crore representing 5.4% of our current year’s estimated GSDP in comparison to 6.9% of last year. 5. Total tax revenue of the State is estimated at Rs.3,111 crore for the current financial year as against Rs.2,693 crore of last year. The tax GSDP ratio is expected to improve to 11.2% in comparison to 11.0% of last year. 6. The VAT collections are estimated at Rs.2,066 crore as against Rs.1,853 crore of last year indicating an increase of...   READ MORE

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PDP, BJP not happy 8/11/2009 12:10:29 AM Early Times Report Srinagar Aug 10: Peoples Democratic Party has described the annual budget for 2009-10 as directionless and uninspiring. In a statement the party president Mehbooba Mufti said the budget presented by the government today had belied expectations of any relief and it had pricked the balloon of the coalition government introducing a new visionary agenda. She said the finance minister had failed to respond to the burning issues facing the state which are driving major sections of society to agitate on streets. The failure of the government to announce unemployment allowance for the thousands of educated youth after creating media hype about it had exposed government’s callou...   READ MORE   Pak national escapes from police custody 8/11/2009 12:10:15 AM Early Times Report Jammu, Aug 10: A Pakistani national escaped from Khour police station late sunday night sources said. According to police spokesman, "a Pakistni national identified as Mohd Zahid son of Mohd Akbar resident of Dahibal in Pakistan, lodged in Khour police station managed to escape from the Khour police station late sunday night.’ ‘Zahid had inadvertently crossed in to the Indian side in 2006 and after completing his sentence in 2008 Zahid was waiting for his expatriation to his country. His documents were being readied to ensure his early return but before that he ran away, police spokesman said adding several nakas have been alerted to track down the Pakistani nationa...   READ MORE   Security spruced up along LoC 8/11/2009 12:09:59 AM Early Times Report Poonch, Aug 10: Security personnel in Jammu and Kashmir have intensified vigilance along the Line of Control (LoC) as they fear infiltration to pick up with the melting of snow at high altitudes. Sources said Troops of 18 Mahar Regiment of the Indian army, who have been keeping round the clock vigil at Aangan Pathri post on Pirpanjal range in the state''s Poonch sector, said they are on alert to foil any infiltration bid. "There is a more chance of infiltration at this time as the snow melts. This is the time used by the militants to sneak in. So, we have to be very alert," said a soldier on promised anonymity. The security personnel said that they are all the more a...   READ MORE   Jammu shutdown partial, nearly peaceful 8/11/2009 12:09:48 AM Early Times Report Jammu, Aug 10- Normal life was affected here Monday due to Jammu bandh call given by Central University Andolan Samiti (CUAS)-a conglomerate of social, political and student groups demanding setting up of Central University in Jammu region. The BJP State Chief and MLA Ashok Khajuria were among 30 others arrested during bandh in Jammu City. The arrests were made after the BJP activists tried to take out a rally in violation of prohibitory orders under section 144 Cr PC, police said. The Police however made elaborate arrangements to avoid any violent incident during the Bandh. CUAS had given a bandh call after high level talks with the state government failed to yield f...   READ MORE   Agitation to continue: CUAS 8/11/2009 12:09:34 AM Early Times Report Jammu, Aug 10 -Central University Andolan Samiti has thanked the people of Jammu, all the organizations, traders and business community in making the Jammu bandh successful. Addressing media persons here today Convenor CUAS Paviter Singh stated that the CUAS will continue with agitation until a final decision is taken on the issue. “The bandh has been complete and peaceful as people of different walks of life gave remarkable response to our bandh call”, he said and adding, this Jammu Bandh gave boost to CUAS to go further for establishing Central University in Jammu which it had earlier. “We want written assurance from the State Government not verbal over Central Uni...   READ MORE   Some JU campuses are nothing more than jokes 8/11/2009 12:09:24 AM Early Times Special JAMMU, Aug 10: During the past few years, Jammu University has expanded at an exponential rate. Dozens of private B.Ed. colleges affiliated to the university brought in crores of rupees into the university kitty. At least half of these colleges, perhaps more, are owned by politicians, cutting across party lines. A fairly large number of National Conference and Congress leaders have stakes in these colleges which attract students from outside the state in large numbers. Besides these colleges, the university has also added new departments in the campus during this period. During Mr Ghulam Nabi Azad’s tenure as chief minister, after he took over from Mufti Mohammed Say...   READ MORE   Nothing unusual: Rather usually harsh on tipplers 8/11/2009 12:09:07 AM Early Times analysis Jammu, August 10 :-Finance Minister, Abdul Rahim Rather, has been kind to the people in Jammu and Kashmir when he opted for a mild dose of taxes in his budget proposals that he presented in the Assembly in Srinagar today. No doubt Rather presented a Rs.2081 crore deficit budget in the House he showed to leave the deficit uncovered to some extent and preferred to have a people-friendly budget proposals. Well Rather has ever been kind to tipplers. If one reads his budget proposals that he presented in the Assembly earlier one would see that Rather has demonstrated bias against the tipplers. One who knows Rather intimately one would find him highly religious. He is one a...   READ MORE

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