50% discount on water, power bills; sops for businesses: J&K economic package

Video Credit: HT Digital Content
Published on September 19, 2020 - Duration: 05:54s

50% discount on water, power bills; sops for businesses: J&K economic package

Manoj Sinha, Jammu and Kashmir Lieutenant Governor, announced a package worth Rs 1,350 crore aimed at boosting economic activity in the Union Territory.

While the package contains some relief for common people like 50% discount on electricity and water bills for a year, the main beneficiaries are businesspersons, traders, and industrialists.

From an interest subvention scheme for all commercial borrowers, to doubling of amount available under the credit card scheme for the handicraft industry, and special efforts to boost tourism - the announcement will help create lakhs of jobs in J&K, as per the L-G.

Commenting on the scheme, chief of the J&K Apni Party, Altaf Bukhari, said that Sinha had proven that he was a man of his word by expeditiously bringing in an economic package.

However, he added that given the Rs 40,000 crore loss suffered by the UT's economy, the current package was a drop in the ocean, and a 'large heart' was needed to truly revive J&K's economy.

Watch the full video for more.

Advertisement

You are here


💡 One News Page Knowledge: Other News Mentions


Jammu and Kashmir (state)

Former state administered by India
On October 22, 1947, thousands of tribals from Pakistan attacked Kashmir and started moving from Muzaffarabad to Srinagar, defeating Raja Hari Singh's State..
Credit: DNA - Published 8 hours ago

The events organised on Thursday sought to remind the world how Pakistan tried to create unrest in the region. This has led to relentless conflicts, violence,..
Credit: DNA - Published 18 hours ago


Union territory

A form of administrative division in India
The Jammu and Kashmir administration on Wednesday prolonged the ban on 4G internet services in the Union Territory till November 12 except for Ganderbal and..
2 days ago • WorldNews
Unlock 5.0 guidelines of the Ministry of Home Affairs have allowed schools to reopen after 15th October systematically. However, the final decision will be taken..
Credit: DNA - Published 4 days ago


Related videos from verified sources

Pelosi knocks down talk of 'skinny' stimulus bills 02:30
Video credit: Reuters Studio - Published 2 weeks ago 

You might like