| Omar meets Chidambaram, discusses fund flow | | |
Early Times Report
NEW DELHI, Feb1: Chief Minister, Omar Abdullah today had a meeting with Union Finance Minister, P Chidambaram and discussed matters relating to resource position, Annual Plan, PMRP, Special Plan Assistance (SPA), extension of industrial package to Jammu and Kashmir, Security Related Expenditure (SRE), open market borrowing, flow of central assistance and expressed other related issues.
In the meeting, Omar discussed matters relating to the resource position against the approved plan outlay of Rs. 7300 crore and receipts from the Government of India against various components of the approved scheme of financing, as also the Prime Minister's Reconstruction Programme (PMRP) of Rs. 700 crore for 2012-13 in detail. As on date, over Rs. 6301 crores under various components of plan financing have to flow from the Centre to the State which include the balance of Rs. 1719 crore under Special Plan Assistance (SPA) against the approved amount of Rs. 1984 crore. The Chief Minister emphasized the need for early release of the balanced amount to meet the financial requirements of the State on various counts. He also urged for early release of funds under PMRP so that the progress on various projects under implementation under PMRP is not hampered.
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