Srinagar, Mar 27 2020
Senior Leader J&K Apni Party and Former legislator Rafi Ahmad Mir has urged the Union Finance Minister for Special Economic Rehabilitation Package for J&K. In a letter shot to the Union Finance Minister, Mir said that “ the people of J&K have been witnessing financial disruption since months, which the nation is facing today”. Mir said earlier in the year 2019, the start of the financial year has been discouraging and in August, the government’s decision to bifurcate the state, further affected the economy.
As per the copy of the letter, Mir said “Today the Taxi operators have to pay huge EMIs for vehicles without earning, establishments are facing layoffs.
There are huge numbers of people who are struggling to pay their EMIs on Housing / Car & Student education loans. J&K needs a more workable plan on EMIs besides injecting liquidity in the market”. Members of J&K’s trade fraternity have been vocal throughout in raising an alarm at appropriate forums; including your ministry, therefore I assume that your office is in the knowledge of the economic turbulence in J&K, read the letter.
Mir said, “after today’s press conference, it is expected that the centre rolls out a general economic package for the country but J&K deserves a Special Economic Rehabilitation Package as the economy here is already in shambles and till date, the government has failed to deliver on its promise”. He said as the lockdown amid Covid-19 poses serious challenges for everyone across the country but in J&K, the consequences can be more dangerous than the rest of the country, if the Government does not act in time. We, therefore, demand for a special economic rehabilitation package for J&K, with economic measures in Loans and EMIs impacting the most vulnerable.
