news details |
|
|
| Economic mess: state has debt of Rs 28,724 crore | | | EARLY TIMES REPORT
JAMMU, Oct 10: Depicting its miserable financial position, Jammu and Kashmir has an outstanding debt of Rs 28, 724 crore at the end of 2009- 10 which include an internal debt of Rs 15,449 crore.
Liabilities of the state have gone up by Rs 4449 crore and touched Rs 28724 crore during last fiscal against Rs 24275 crore in the year 2008-09.
Figures available with TNI says that Public Debt, including internal debt of the state government and loans and advances from the central government increased by Rs 2122 crore taking it to Rs 18,593 crore by the end of 2009-10 from Rs 16,471 crore in 2008-09.
Likewise, interest payment on debt and other liabilities, totaling Rs 2139 crore forms 14 per cent of the Revenue expenditure of Rs 15, 324 crore.
Figures says that interest payments on public debt touched Rs 1667 crore (internal debt Rs 1584 crore and loans and advances from central Government Rs 83 crore) and Rs 472 crore on other liabilities. Expenditure on account of interest payments increased by Rs 561 crore during 2009-10. As per the Economic Survey, Government has obtained Rs 2974.33 crore as temporary loans from the J&K Bank till March 2010 to meet its various expenditures.
“The total temporary loans raised during the year amounted to Rs 3517.55 crore. A balance of Rs 2290.25 crore was also outsourced on April 1 2009 taking the total temporary loans to 5807.8. Government repaid Rs 2842. 74 crore during the year leaving a balance of Rs 2965.05 crore on March 31 2010”, says the survey.
Survey says that Loans and Advances from Central Government was Rs 3144 crore and other liabilities under public account accounted for Rs 10131 crore which does not include the investment of Rs 11 crore made in Calamity Relief Fund-Investment Account out of Calamity Relief Funds.
As the state also acts as a banker and trustee in respect of deposits of the people like small saving collections, provident funds and deposits, there has been an overall increase of Rs 2316 crore (Rs 2327 crore – Rs 11 crore) in respect of such liabilities of State Government during 2009-10.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
|
|
STOCK UPDATE |
|
|
 |
| BSE
Sensex |
 |
| NSE
Nifty |
|
|
| |
CRICKET UPDATE |
|
|
|
|
| |
| |
|
|
| |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
