#UnionBudget2025 Archives

KCCI Reacts to Union Budget 2025: Mixed Bag of Optimism and Concern

February 1, 2025 Editor

Kashmir Chamber of Commerce and Industry (KCCI) on Union Budget 2025-26 The Kashmir Chamber of Commerce and Industry (KCCI) has expressed a blend of optimism and concern following the Union Budget 2025-26 announcements. While the budget includes several commendable initiatives that promise to enhance economic activity, KCCI highlights the pressing need for a special revival and infrastructural development package tailored to the unique challenges faced by Jammu and Kashmir, especially considering the huge unemployment problem facing the region. Concerns Raised KCCI expresses concern over the absence of a special revival package…

J&K Pushes for Special Package in Union Budget to Accelerate Development

January 20, 2025 Editor

Union finance minister Nirmala Sitharaman has already held a pre-budget consultation with J&K chief minister Omar Abdullah earlier this month Jammu & Kashmir has urged the central government to provide a special package for the Union territory in the upcoming budget, including Goods and Services Tax refunds for industrial units, interest subvention for capital expenditure and grants for infrastructure development to boost its economy, people familiar with the development said. J&K has been one of the focus areas in every budget over the last 10 years and the same is…