• HINDI
  • JaiTV
  • Login
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
No Result
View All Result
Home INDIA

India’s Jammu and Kashmir Budget vs. Pakistan’s IMF Bailout

by Ayushi
February 6, 2024
in INDIA
State Department spokesperson Matthew Miller said this on Wednesday while responding to a question on Prime Minister Narendra Modi congratulating the newly-elected Pakistan Prime Minister Shehbaz Sharif on taking the oath of office for his second term.
X (Twitter)FacebookWhatsappTelegram

India’s announcement of an interim budget totaling $14 billion for fiscal 2024-25 for the Union Territory of Jammu and Kashmir has drawn significant attention, particularly as it dwarfs Pakistan’s recent IMF bailout. The $14 billion budget allocation for Jammu and Kashmir is approximately 4.5 times larger than the $3 billion bailout package approved by the IMF for Pakistan to address its ongoing economic challenges. This stark contrast highlights the divergent economic trajectories of the two neighboring nations.

 

Finance Minister Nirmala Sitharaman, while unveiling the interim budget, emphasized the substantial commitment to the economic development of Jammu and Kashmir. She credited crucial reforms undertaken in 2019 for enabling path-breaking measures by the Union Territory Government, including decentralization of the governance structure, promotion of inclusive development, revenue generation enhancement, and infrastructure development scaling up.

RelatedPosts

Priyanka Gandhi speech in inauguration ceremony of the ATTOI Tourism Convention Wayanad

Maha Kumbh 2025 Sees Record 600 Tons of Floating Waste Recycling, Offers Lessons for Many

PM Shri Narendra Modi Inaugurates Namo Hospital in Silvassa

 

Sitharaman also underscored the government’s commitment to maintaining law and order for security while implementing initiatives for economic and social development, with a policy of zero tolerance against terrorism. She noted that effective and continuous action by security forces has significantly improved the security situation in the region.

 

In contrast, Pakistan recently received the second tranche of a $3 billion bailout package from the IMF, aimed at addressing its cash-strapped economy. The IMF’s approval of a $700 million loan tranche followed the completion of the first review of Pakistan’s economic reform program. This disbursement brings the total amount received under the Stand-By Arrangement to $1.9 billion. The bailout package comes as Pakistan grapples with economic challenges, with the first tranche of $1.2 billion released in July 2023.

 

The disparity in budget allocations and economic assistance underscores the differing economic landscapes and priorities of India and Pakistan. While India’s focus on bolstering the economy of Jammu and Kashmir reflects its commitment to development and stability in the region, Pakistan’s reliance on IMF support highlights the urgency of addressing its economic woes. As both countries navigate their economic trajectories, the significant contrast in financial assistance underscores the complex dynamics shaping the South Asian region’s economic landscape.

Tags: bailoutbudgetEconomic DevelopmentEconomyIMFINDIAJammu and KashmirPakistan
Previous Post

Wildfires Devastate Central Chile: Death Toll Rises

Next Post

Arun Govil Advocates for Inclusion of Epic in Curriculum

Related Posts

Priyanka Gandhi speech in inauguration ceremony of the ATTOI Tourism Convention Wayanad

Priyanka Gandhi speech in inauguration ceremony of the ATTOI Tourism Convention Wayanad

March 30, 2025
Maha Kumbh 2025 Sees Record 600 Tons of Floating Waste Recycling, Offers Lessons for Many

Maha Kumbh 2025 Sees Record 600 Tons of Floating Waste Recycling, Offers Lessons for Many

March 11, 2025
PM Shri Narendra Modi Inaugurates Namo Hospital in Silvassa

PM Shri Narendra Modi Inaugurates Namo Hospital in Silvassa

March 10, 2025
World Animal Protection Approaches Prime Minister to Prevent Elephant Transfer to Delhi from Assam

World Animal Protection Approaches Prime Minister to Prevent Elephant Transfer to Delhi from Assam

October 19, 2024
Quality control order (QCO) regulating footwear imports has been extended till 1 August 2024

India Mandates ISI Mark on Foreign Luxury Shoes

March 31, 2024
The inflated Uber ride bill “did not include a Goods and Services Tax (GST),” the viral post claimed.

Noida Man Receives Rs. 7.66 Crore Uber Bill for ₹26 Auto Ride

March 31, 2024
Next Post
Arun Govil, the actor who played Lord Ram in the Ramayana TV series, has suggested that Ramayana should be included in the curriculum as it is not just religious, but a philosophy of life that teaches about relationships, patience, and peace.

Arun Govil Advocates for Inclusion of Epic in Curriculum

Recent News

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

May 29, 2025

Digital Gold vs Physical Gold : Which is Better

May 14, 2025
Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

April 29, 2025
TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

April 26, 2025
Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

April 22, 2025
What Indian Car Lovers Can Expect from the VinFast VF 6

What Indian Car Lovers Can Expect from the VinFast VF 6

April 17, 2025
  • ABOUT
  • CONTACT
  • PRIVACY
  • ADVERTISE
  • Hindi – हिंदी
FOLLOW US

© Ganga News Today

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
DTV
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • TECHNOLOGY
  • LIFESTYLE
  • SPORTS
  • FASHION
  • HEALTH
  • PEOPLE

© Ganga News Today

Go to mobile version