Srinagar September :(KNS) Congress leader Kadfeen Choudhary on Monday has urged the government to make Jammu and Kashmir’s financial set up as investment friendly so that the growing crisis of development deficit are addressed on priority.

In a statement issued to KNS, said that it is a fact that the World Bank in its report on assessment of state implementation of business reforms has put the Jammu and Kashmir state at serial no. 29 in its ranking in the country.

He said that there are a series of measures which are being underlined and primary among them is to make the financial setup more investment friendly so that the investors from the outer world could come and launch ventures without the hindrances the investors used to face in the past. “It is a known fact that due to the recurrent fiscal stress over the past few years, the treasury operations in the state would get affected, ultimately affecting the normal business activities in the state. Since last year, this trend has been reversed by focusing on fiscal deficit corrective measures so that transparent and evenly flow of treasury operations are ensured to help smooth business activities,” Kadfeen said and added that there is a dire need that the reformatory measures are taken without delay and economic reforms ensure the betterment in people’s lives.(KNS)