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J&K Assembly Poised for an Intense Budget Session Beginning Tomorrow

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The opposition parties in Kashmir have clearly expressed their goals of restoring Article 370 and implementing an alcohol ban, setting the stage for a contentious budget session of the Jammu and Kashmir Assembly that starts on Monday. This marks the first budget presentation by an elected government in J&K in seven years, following the state’s transition to a Union Territory (UT) after the abrogation of Article 370.

Legislators from valley-based political parties have already introduced several bills that are expected to spark significant debate during the session. Meanwhile, the BJP has openly stated its intention to prevent any “unconstitutional and anti-national” matters from being raised in the Assembly.

The People’s Democratic Party (PDP) has preemptively outlined its agenda ahead of the budget session, releasing a monthly newsletter on X that accuses the Omar Abdullah government of capitulating and betraying the public’s mandate. PDP leader Mehbooba Mufti shared this newsletter, titled ‘Speak Up,’ on her social media platforms.

Tensions have already surfaced between Speaker Abdul Rahim Rather and opposition MLAs from the valley, as they have reportedly submitted private members’ bills aimed at banning the sale, consumption, manufacturing, and advertisement of alcohol throughout the UT. Some opposition legislators have been openly discussing these bills in public forums and online, prompting the Speaker to remind them of the potential consequences for promoting bills and notices prior to the budget session.

Rather has urged all MLAs to uphold decorum and refrain from using unparliamentary language during proceedings. A bulletin from the Legislative Assembly Secretariat issued on Friday emphasized the importance of maintaining dignity, decency, and decorum during the Lieutenant Governor’s address to the Assembly at the opening of the budget session on Monday.

Notably, this is the first time in J&K’s history that a Chief Minister will present budget proposals in the Assembly. CM Omar Abdullah, who holds the finance portfolio, is scheduled to present the budget for the financial year 2025-26 on March 7.

The previous session in November was marked by chaotic scenes following a resolution from the ruling National Conference (NC) advocating for the restoration of J&K’s statehood and special status. It is anticipated that opposition members will revive the discussions on Article 370, the seizure of properties belonging to terrorists based in Pakistan, and the dismissal of employees linked to terrorism. Such discussions are likely to elicit strong responses from the BJP.

J&K People’s Conference chairman and MLA Sajad Gani Lone, along with PDP’s Waheed Para, are expected to spotlight issues concerning NC’s governance in the UT while also addressing the confusion and lack of accountability stemming from the dual power centers—the Lieutenant Governor and the elected government— in this sensitive border region.

It remains unclear whether the NC government will present the Comptroller and Auditor General reports from the past seven years of Central rule in J&K during the Assembly session.

Major political parties have convened meetings among their legislators to strategize for the budget session. Chief Minister Omar Abdullah held a meeting with NC’s coalition partners on Sunday to finalize their approach in response to opposition attacks in the Assembly. Although Congress has pledged its support for the Omar Abdullah government, it intends to raise issues that are crucial to the public.

The BJP conducted a two-day training camp for its legislators in which party President JP Nadda underscored the importance of grassroots connections and the need for MLAs to maintain a pro-people stance. The party is poised to challenge the NC on its promises of free electricity and rations during the electoral campaign.

On March 1, Omar met with LG Manoj Sinha to discuss key issues related to the upcoming budget session.

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Odisha Accelerates Industrial Development with ₹1.15 Lakh Crore Projects in Jajpur

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Odisha Chief Minister Mohan Charan Majhi inaugurated and laid foundation stones for 24 industrial projects in Kalinganagar, Jajpur district, with a total investment of ₹1,15,000 crore, aimed at generating 36,000 jobs.

“Today marks a pivotal moment for Odisha. With the launch of these projects worth ₹1.15 lakh crore in Jajpur, we’re not just laying foundations; we’re constructing a future. This will create 36,000 job opportunities, allowing our youth to thrive in their homeland. In just 113 days, we’ve transformed commitments into tangible progress,” CM Majhi stated during his address.

This achievement reflects our government’s determination, commitment, and focus on action over rhetoric. Kalinganagar is now emerging as the economic backbone of a self-reliant Odisha. We reaffirm that Odisha is not only rich in heritage but also brimming with opportunities and industrial excellence.

The 24 projects are strategically situated in Kalinga Nagar, Danagadi, and Badachana in Jajpur district, strengthening the region’s status as a vital part of Odisha’s industrial growth. They encompass crucial sectors including steel, ferro alloys, chemicals, solar energy, refractory materials, automotive components, warehousing, and food processing.

Odisha is cementing its status as one of India’s rapidly growing industrial hubs with these major initiatives. The combined investment of ₹1.15 lakh crore is set to offer employment to 36,000 people, propelling the state’s economic expansion.

Among the launched projects, Tata Steel Ltd’s 5 MTPA Integrated Steel Plant expansion in Kalinga Nagar stands out, with an investment of ₹47,599 crore, expected to create 4,625 jobs. Other significant projects include JSL Group’s petroleum and solar power initiative, worth ₹470 crore, and Abis Exports India Pvt Ltd’s poultry feed plant, projected to generate 850 jobs.

The groundbreaking phase is led by Neelachal Ispat Nigam Limited’s (NINL) ₹61,769 crore steel plant expansion, expected to become one of the largest steel manufacturing units in the area, yielding 14,000 direct employment opportunities.

Collectively, these 24 projects not only introduce foreign investment and advanced technologies to Odisha but also catalyze job creation, foster MSME collaboration, and promote downstream industrial growth in the region, officials noted.

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NALCO Prioritizes Timely Completion of Strategic Project Expansions

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National Aluminium Company Limited (NALCO), a Navratna CPSE under the Ministry of Mines, has achieved a significant milestone for the financial year 2024–25, heralding a new phase of operational excellence and strategic expansion.

This remarkable achievement highlights the company’s resilience, operational prowess, and steadfast commitment to value creation.

According to the audited financial results released yesterday, NALCO has reached an unprecedented financial landmark, recording its highest-ever net profit of ₹5,325 crore, reflecting a robust year-on-year increase of 158%. The company also reported its all-time highest revenue from operations amounting to ₹16,788 crore for FY 25.

Addressing employees regarding this extraordinary achievement, Brijendra Pratap Singh, CMD of NALCO, expressed heartfelt congratulations. He emphasized that this record-breaking performance exemplifies the power of teamwork, prudent financial management, commitment, and alignment with NALCO’s strategic vision. This accomplishment is a source of pride not just for NALCO, but also for every employee, valued stakeholders, the Ministry of Mines, the Government of India, and the state of Odisha.

Reinforcing NALCO’s commitment to sustainable long-term growth, Singh noted that while this year’s exceptional performance was bolstered by favorable alumina and aluminium prices, enduring success relies on agility, operational excellence, and consistent high performance. He highlighted key strategic initiatives aimed at driving NALCO’s next growth phase, including the 5th Stream expansion of the Alumina Refinery, operationalization of the Pottangi Bauxite Mines, and the proposed expansion of the existing Smelter Plant and Captive Power Plant.

“These forward-looking projects will create a strong foundation for sustainable and resilient growth, further solidifying NALCO’s leadership in the global aluminium industry,” he stated.

Senior leadership, including Sadashiv Samantaray (Director, Commercial), Pankaj Kumar Sharma (Director, Production), Jagdish Arora (Director, P&T), Dr. Tapas Kumar Pattanayak (Director, HR), and Pranab Jyoti Nath (CVO), were present to acknowledge the collective efforts at NALCO and extend their congratulations to the team for maintaining a competitive edge in performance and productivity.

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KNR Constructions Banned by Centre Following NH-66 Collapse in Kerala

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The Union Ministry for Road Transport and Highways has suspended KNR Constructions, the contractor linked to the collapse of the elevated NH 66 under construction in Kooriyad, Malappuram. The consulting firm Highway Engineering Consultant (HEC) has also been banned in connection with this incident.

An expert team from the NHAI inspected the site of the collapsed retaining wall on NH 66 on Monday. The team, featuring Dr. Anil Dixit from Jaipur and Dr. Jimmy Thomas from Kochi, performed a preliminary assessment of the affected areas, which include both the main highway and the service road.

According to initial findings, no issues were detected in the construction of the protective wall made of cement blocks. Dr. Jimmy Thomas stated that “the preliminary conclusion indicates a soil-related problem.”

“A comprehensive analysis of various factors, including soil composition, road design, and construction methods, is necessary. Only after a detailed investigation can we determine the exact cause,” he emphasized.

In addition to Kooriyad, multiple other sections of roads under the NH 66 widening project have experienced collapses and cracks in northern Kerala. On Wednesday, residents protested at the NH construction site in Kuppam, Kannur, following two landslips reported in a single day.

In Kasaragod, a 72-foot crack appeared on the NH near Mavungal, close to another crack discovered the previous day. The service road near Kooliyangal in Kanhangad also collapsed, raising concerns over the quality of roadwork in the region.

The Youth Congress staged a protest march in Kooriyad on Wednesday, led by state leaders including Abin Varkey, demanding accountability from KNR Constructions Ltd for alleged negligence.

Meanwhile, Kozhikode MP M.K. Raghavan has written to Union Minister for Road Transport and Highways Nitin Gadkari, urging immediate action to address these issues before the monsoon season. “In many areas of Kozhikode, hills have been cleared unsafely for road construction,” he noted.

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