Srinagar, Feb 1 (KNS): The Kashmir Trade Alliance (KTA) expressed its satisfaction and welcomed the allocation of Rs 37,277.74 crore to Jammu and Kashmir in the interim Union Budget.
Aijaz Shahdhar, the President of KTA, conveyed his appreciation for the significant allocation, highlighting that Rs 35,619.30 crore has been earmarked specifically to bridge the resource gap in the Union Territory. Shahdhar emphasized that this allocation is expected to provide a substantial boost to the local economy.
The KTA president acknowledged the Union Finance Minister's strategic move of maintaining the tax slab unchanged, which is seen as a supportive measure for the middle class nationwide. Shahdhar expressed optimism that in the upcoming J&K Budget, the Union Finance Minister will consider and address additional concerns raised by the trading community, contributing further to the economic development of Kashmir.
Shahdhar expressed optimism that their concerns, encompassing requests such as amnesty for commercial power consumers, a business stimulus package, and other demands from the trading community, will find consideration in the upcoming Jammu and Kashmir Budget. This proactive approach is expected to play a pivotal role in fostering economic growth and development in the region.(KNS)