By: Muzamil Bhat CK

Srinagar

All the stakeholders, especially the industrialists, were waiting for the new budget and in this budget the government has said that they will allocate Rs 33923 crore to meet resources gap; Rs 273 crore for Dal Nageen lake; Rs 500 crore support for capital expenditure.

There is a special provision for many sectors in this budget and according to the news reports the Union Government has said that out of allocation,Rs 33923 crore has been allocated to meet revenue deficit gap/ resource gap of UT, Rs 279 crore grants as UT disaster response fund, Rs 273 crore as rehabilitation for Dal—Nageen lake, Rs 130 crore, Rs 476.44 crore grant towards equity contribution for 624 MW Kiru and Rs 500 crore support for capital expenditure.