{"id":166705,"date":"2025-02-02T08:24:10","date_gmt":"2025-02-02T03:24:10","guid":{"rendered":"https:\/\/kmsnews.org\/kms\/?p=166705"},"modified":"2025-02-02T08:24:10","modified_gmt":"2025-02-02T03:24:10","slug":"iiojk-business-leaders-decry-budget-cuts-demand-special-economic-package","status":"publish","type":"post","link":"https:\/\/kmsnews.org\/kms\/2025\/02\/02\/iiojk-business-leaders-decry-budget-cuts-demand-special-economic-package.html","title":{"rendered":"IIOJK business leaders decry budget cuts, demand special economic package"},"content":{"rendered":"

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Jammu: The 2025-26 Indian Budget\u2019s allocation of Rs 41,000.07 crore for Indian illegally occupied Jammu and Kashmir has drawn strong criticism from business leaders and trade organizations, who have expressed disappointment over the lack of a special economic package to revive the territory\u2019s struggling industrial sector.<\/p>\n

According to Kashmir Media Service, President of the Kashmir Chamber of Commerce & Industry (KCC&I), Javid Tenga, voiced concerns over the Rs 1,200 crore reduction in the budget compared to the previous year. He stated, \u201cWe were expecting an increase of at least 20\u201325% to support development and fund inflows in the territory. This reduction raises serious concerns about how development will take place and how funds will be generated for various sectors.\u201d Tenga further lamented that the budget lacked direct relief for traders and industrialists in occupied Jammu and Kashmir. \u201cThere is no special package for our industrial sector, which has been our long-standing demand,\u201d he added.<\/p>\n

A KCCI spokesman echoed these concerns, stating, \u201cThe budget includes commendable initiatives, but there is a 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.\u201d<\/p>\n

Mohammad Yaseen Khan, another prominent trade leader, criticized the budget for failing to address the specific economic difficulties faced by businesses in the territory. \u201cThe budget lacks the elements to tackle the economic challenges of IIOJK. \u2026there is nothing in the budget for middle-class traders on the ground,\u201d he remarked.<\/p>\n

Business leaders across Kashmir have stressed the urgent need for increased financial support, restoration of the Rs 1,200 crore cut, and a dedicated economic revival package to boost industrial growth and employment in the territory.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jammu: The 2025-26 Indian Budget\u2019s allocation of Rs 41,000.07 crore for Indian illegally occupied Jammu and Kashmir has drawn strong criticism from business leaders and trade organizations, who have expressed disappointment over the lack of a special economic package to revive the territory\u2019s struggling industrial sector. According to Kashmir Media Service, President of the Kashmir …<\/p>\n","protected":false},"author":1,"featured_media":166706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[5],"class_list":["post-166705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-misc","tag-top-story"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t