Budget 2021 | Govt announces gas pipeline project for Jammu and Kashmir
The finance minister also announced setting up of a central university in Leh district of Union Territory of Ladakh for accessible higher education.
February 01, 2021 / 10:38 PM IST
The Centre has announced a maiden gas pipeline project for the Union Territory of Jammu and Kashmir.
In her Budget speech on Monday, Finance Minister Nirmala Sitharaman said a gas pipeline project will be taken up in Jammu and Kashmir.
She also announced setting up of a central university in Leh district of Union Territory of Ladakh for accessible higher education.
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The Centre has provisioned Rs 30,757 crore budget for the Union Territory of Jammu and Kashmir, while Ladakh has been allocated Rs 5,958 crore in the Union Budget for 2021-22.
"We recognise our commitment to fiscal federalism and propose therefore to adhere to this recommendation. Jammu and Kashmir in the 14th Finance Commission was entitled to get devolution being a State. Now, the funds to the UTs of Jammu and Kashmir and Ladakh would be provided by the Centre,” Sitharaman said.