Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • US President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange. This is the latest move by Trump to boost the crypto industry and expunge its past misdeeds. Zhao was prosecuted by the Biden admi – LinkedIn
  • Riverside Sunderland gallery opens with student exhibition
  • Live updates: Trump will head to Asia to promote big investments
  • Unlock the Future of Cryptocurrency with WOA Crypto’s XRP Cloud Mining
  • Cryptocurrency scam leads to $260,000 loss
  • Intel shares jump as investments, cost cuts catapult turnaround efforts
  • Federal Finance Minister warns of the economic consequences of failing to make progress on the budget
  • Bank of England finance chief named most influential black Briton
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Art Investment»‘1.19 Lakh Crore Investment Received In J&K Post Art 370’ – Kashmir Observer
Art Investment

‘1.19 Lakh Crore Investment Received In J&K Post Art 370’ – Kashmir Observer

August 5, 20243 Mins Read


'1.19 Lakh Crore Investment Received In J&K Post Art 370'
Chairman and managing director of JSW group Sajjan Jindal lays foundation stone of a steel processing unit in Pulwama – File photo

New Delhi- Jammu and Kashmir has received 6,851 investment proposals to the tune of Rs 1.19 lakh crore ever since Article 370 was abrogated five years ago, and 4.61 lakh potential jobs are expected to be created through these initiatives, official sources said.

Giving details of the overall progress in Jammu and Kashmir every since August 5, 2019, when Article 370 was scrapped and the erstwhile state was bifurcated into two Union Territories, the sources said the UTs of Jammu and Kashmir, and Ladakh received equal federal rights with the acceptance of “One Constitution, One National Flag, One Prime Minister”.

By ending the ‘Durbar tradition’ of shifting capital in summer and winter months, Rs 400 crore has been saved while Kashmiri, Dogri, Hindi, Urdu and English were declared official languages, they said.

The Jammu and Kashmir Industrial Policy 2021-30, Jammu and Kashmir Industrial Land Allotment Policy 2021-30, Jammu-Kashmir Private Industrial Estates Development Policy 2021-30 and Jammu-Kashmir Wool Processing, Handicrafts and Handlooms Policy 2020 were formulated.

A package of Rs 28,000 crore, which has been announced, will create 4.5 lakh expected jobs while 6,851 investment proposals worth Rs 1.19 lakh crore have been received under which 4.61 lakh jobs are expected to be created, the sources said.

In 2022-23, Rs 2,200 crore was invested which created 22,000 direct and indirect jobs besides one lakh jobs were created through employment guarantee programme.

In 2023-24, Rs 2,493 crore investment has been received till February 2024 under which 31,000 jobs are likely to be created, the sources said.

Out of the 3,000 additional government jobs, 2,720 appointments have been allocated to Kashmiri migrants, reconstruction of temples has been carried out and Diwali was celebrated at Mata Sharda Devi Temple in Kupwara after decades.

A total of 1.61 lakh domicile certificates have been issued and registration of 13,000 certificates is in progress.

The sources said the Jammu and Kashmir Panchayat Raj Act, 1989 has been amended to establish District Development Councils (DDC) in each district and established a three-tier Panchayat Raj system in Jammu and Kashmir.

There was a 74 per cent voter turnout in the panchayat elections which were conducted in November-December 2018.

A record 98 per cent turnout was registered in the Block Development Council (BDC) elections held in October 2019 and the DDC members were elected after polls were held in eight phases between November and December, 2020.

Gram Panchayat and municipal elections were scheduled to be held in November-December last year, but were delayed due to delimitation commission and OBC reservation issues, the sources said.

A total of 34,260 public representatives are representing at the local level, including 4,026 sarpanch, 28,624 panch, 1,068 councillors, 264 BDC members and 278 DDC members.

No incidents of violence were reported in these local elections, the sources said.

Under the Prime Minister’s Development package, 63 projects worth Rs 80,000 crore were sanctioned and out of these, nine projects worth Rs 21,000 crore have been transferred to the Union Territory of Ladakh.

Out of the remaining 53 projects worth Rs 59,000 crore, 35 projects have been completed.

Out of the Rs 49,000 crore released for 53 projects, Rs 48,000 crore has been spent till June 2024, the sources said.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Australian Retirement Trust super fund sticks with index investing amid AI hype

October 20, 2025 Art Investment

The Importance of Lawyers in the Art World

October 15, 2025 Art Investment

A Look at His Most Expensive Investments in Art

October 15, 2025 Art Investment

Saudi Arabia boosts global charm offensive with 2025 Cultural Investment Conference

October 15, 2025 Art Investment

New Geepas UK headquarters represents £10 million investment in Wolverhampton

October 7, 2025 Art Investment

Can Indian art become America’s next investment story?

October 3, 2025 Art Investment
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

US President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange. This is the latest move by Trump to boost the crypto industry and expunge its past misdeeds. Zhao was prosecuted by the Biden admi – LinkedIn

October 24, 2025 Cryptocurrency 1 Min Read

US President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency…

Riverside Sunderland gallery opens with student exhibition

October 24, 2025

Live updates: Trump will head to Asia to promote big investments

October 24, 2025

Unlock the Future of Cryptocurrency with WOA Crypto’s XRP Cloud Mining

October 24, 2025
Our Picks

US President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange. This is the latest move by Trump to boost the crypto industry and expunge its past misdeeds. Zhao was prosecuted by the Biden admi – LinkedIn

October 24, 2025

Riverside Sunderland gallery opens with student exhibition

October 24, 2025

Live updates: Trump will head to Asia to promote big investments

October 24, 2025

Unlock the Future of Cryptocurrency with WOA Crypto’s XRP Cloud Mining

October 24, 2025
Our Picks

Trump pardons Binance founder ‘CZ’ Changpeng Zhao, high-profile cryptocurrency figure

October 23, 2025

Atarah Atkinson Is Building a New Gallery With Old-School Ideals

October 23, 2025

The art of Armani | Daily Mail Online

October 23, 2025
Latest updates

US President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange. This is the latest move by Trump to boost the crypto industry and expunge its past misdeeds. Zhao was prosecuted by the Biden admi – LinkedIn

October 24, 2025

Riverside Sunderland gallery opens with student exhibition

October 24, 2025

Live updates: Trump will head to Asia to promote big investments

October 24, 2025
Weekly Updates

UK pension providers team up in push for infra, AI investments

October 19, 2025

Mutuum Finance (MUTM)’s beta launch nears as Bitcoin (BTC) reserves hit $1B, will the $0.03 price survive August?

July 11, 2025

CryoGuards Success Rate Revealed [2025 Data] 

August 28, 2025
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.