Presenting his fourth budget on the trot Finance Minister Dr Haseeb Drabu has doled out sops for every segment of the society including industrialists, traders, employees, poor, farmers, cooperative banks, ailing units and even the Panchyati Raj institutions. The significant part is to doing away with toll on vegetables, medicines, sugar, salt, tea, soaps, detergents, sanitary items, water coconut, wheat seeds, tree spray oil, newsprint and jaggery. The move would be able to arrest the inflationary trend by checking the rising prices of essential goods for common man. Another welcome step has been the abolition of toll on export of all types of fruits produced within the State. Expecting to be game changer the budget looks to give impetus to the growth needed in the State’s economy. Industry in general has been on the sick bay despite a plethora of incentives and relief announced by the State Government in terms of tax holidays. With Goods and Services Tax (GST) regime settling comfortably and after the initial resistance and hitches goods and services would find potential to grow further. Promoting indigenous large market industry like cricket bat industry by creating common facility centre at Sethar, Anantnag under the Public-Private Partnership (PPP) mode would be a step to infuse new lease of life in the already dying industry. The other sector which needs to be promoted are the saffron cultivation and marketing, promotion of horticulture in a scientific way and making it attractive for global market. The availability of uninterrupted power remaining an unresolved issue there is a need to tap alternative sources of energy like solar energy which has no dearth especially in Jammu region, wind energy and energy produced from biogas with better waste management which can work towards providing a cheap alternative to power produced by hydro or thermal sources. There has been hardly any mention or incentives announced in budget speech of the Finance Minister. Being the first State to adopt plan-non-plan expenditure to capital and revenue expenditure mode the budget looks to be game changer in overall perspective if the calculations do not go awry.
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