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Rajya Sabha approves Rs one lakh cr budget for Jammu and Kashmir for FY21

Tuesday, 24 Mar 2020
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Rajya Sabha has approved the bill for the budget of Rs one lakh crore for the Union Territory of Jammu and Kashmir for FY21. 
 
The Jammu and Kashmir Appropriation Bills were passed by Lok Sabha on 19 March 2020. The budget laid emphasis on development of the newly formed Union Territory. 
 
It also approved and returned to Lok Sabha another bill for the budget of Ladakh, as required under rules for money bills. 
 
The total budget estimates is Rs 1,01,428 crore for FY21, of which developmental expenditure is Rs 38,764 crore, an increase of 27 percent. 
 
The government also presented a separate expenditure plan worth Rs 55,317.81 crore for the last five months of FY20. 
 
The total budget estimates have been pegged at Rs 5,754 crore for the past five months for the Union Territory of Ladakh. 
 
Of this, capital expenditure would be Rs 4,618.35 crore and revenue expenditure would be Rs 1,135.65 crore. 
 
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