The Planning Commission has approved the 6,000 crore rupees annual plan for Jammu and Kashmir for 2010-11 at a meeting between plan panel Deputy Chairman Montek Singh Ahluwalia and Chief Minister Omar Abdullah in New Delhi on Friday evening.. The Plan Panel also approved 1,200 crore rupees under Prime Minister's Reconstruction Programme. Mr. Omar Abdullah told reporters later that the onus is on Jammu and Kashmir government to deliver development in the light of funds and resources made available .He said the state government would create an investment-friendly environment and maintain fiscal discipline to make the process of development more sustainable<br/> <br/>While appreciating efforts to develop 690 MW of power generation capacity, Mr. Ahluwalia asked the state government to exploit hydro-electric potential, as it holds key to state's economic growth and for generating resources to fund its development schemes. He wanted the Jammu and Kashmir government to work out an action plan for rapid development of the state to ensure that the fruits of development reach everyone<br/>
News On AIR | June 18, 2010 9:10 PM
Planning Commission approves annual plan for J & K