Nearly nine months after Mehbooba Mufti in the capacity as Chief Minister of then PDP-BJP government axed him from the post of finance minister over his remark that Kashmir was not a political issue, Dr  Haseeb Drabu on Wednesday formally “bid adieu” to...

The decision by Jammu and Kashmir Chief Minister Mehbooba Mufti to drop Haseeb Drabu from her council of ministers for his remarks at a business meet in Delhi is being hotly debated in political circles - especially what its consequences could be on the...

Governor N.N. Vohra inaugurated the 54th Annual Conference of “The Indian Econometric Society (TIES)” at the Shri Mata Vaishno Devi University, Kakryal.Dr. Hasseb A. Drabu, Finance Minister, Dr. Bibek Debroy, Chairman, Economic Advisory Council-PM and Member...

The State Government today designated Administrative Secretary Public Works Department (PEWD) as Nodal Officer to coordinate with the Union Ministry of Road Transport & Highways, the development of Multi-Modal Logistic Parks in J&K.Pertinently, the...

Minister for Finance, Dr Haseeb A Drabu today said the Government will reexamine the concerns regarding SRO-202 and define a roadmap soon to resolve such employees’ issues and ensure their assured career progression and financial benefits.The Minister said this...

Minister for Finance, Dr Haseeb Drabu today reviewed the progress made on the replacement of existing Treasury system with Pay and Accounts Office System (PAOS) in the state.The Minister asked the concerned officers to expedite the process for full and early...

The Finance Department today released Rs 140 crore for payment of salaries to the Sarva Shiksha Abhiyan (SSA) teachers in the State.“With the release of second tranche of funds for payment of pending salaries of SSA teachers, the Finance Department has this...

In a major relief its employees, the State Government today relaxed norms for settlement of final GP Fund final refund cases by the District Fund Offices and other Fund Offices.The announcement in this regard was earlier made by the Minister for Finance,...

Keeping with the announcement made by the Finance Minister, Dr Haseeb Drabu in his Budget speech in the state legislature on January 11 this year, the Finance Department today released 50 percent of Rs 95666.97 crore budget allocation for the financial year...

Chairman Prime Minister’s Economic Advisory Council, Dr BibekDebroy today hailed the Jammu and Kashmir Government for taking the lead in pioneering wide-ranging Labor Law reforms in the State.“While the whole country currently grapples with the issue of LabourLaw...

Minister for Finance and Labour & Employment Dr Haseeb A Drabu today chaired 15th Board Meeting of Jammu & Kashmir Building & Other Construction Workers Welfare Board (JKBOCWWB).Principal Secretary Finance Navin K Choudhary, Commissioner Secretary...

The Legislative Assembly today passed a Bill regarding J&K Protection of Interests of Depositors (in Financial Establishments) Act 2018.The Bill is aimed at protecting the interests of the depositors in the Financial Establishments of the State.Explaining...

The Legislative Assembly today passed a Bill to amend the Jammu and Kashmir Motor Spirit and Diesel Oil (Taxation of Sales Act, Svt.2005 (1948 AD).The amendment Bill was moved in the House by the Minister for Finance, Dr Haseeb Drabu.The Bill envisages bringing...

The Legislative Assembly today passed a Bill to amend the Jammu and Kashmir Passengers Taxation Act-1963.The Bill paves the way for transfer of Passenger Tax administration from the Commercial Taxes Department to the Motor Vehicles Department.The Bill was...

Minister for Finance Dr Haseeb Drabu today said the proposed Dry Ports to be established by the Dubai Ports World and the J&K Government through Joint Venture at Jammu and Srinagar will immensely improve the quality and structure of the local economy.“The...

In a maiden and major development, the Government of Jammu and Kashmir last evening signed a Memorandum of Understanding (MoU) here with Dubai Ports World to establish Multi-Modal Logistics Park (MMLP) and transportation hub in the State through Foreign...

In a significant development, Jammu and Kashmir Government has retained the tax assessment and administration powers under Goods and Services Tax regime, which was an intractable issue post-GST implementation.“In a welcome move, the Union Finance Ministry...

In a significant move, a high-level delegation of the Dubai Ports Group led by its Chairman and CEO Sultan Ahmed Bin Sulayem arrived by a chartered flight here this morning to discuss with the State Government the modalities for setting up Inland Logistic...

As a follow up to the announcements made by Finance Minister, Dr Haseeb Drabu in the Budget 2018-19, the State Government has approved Grant of Amnesty for settlement of unresolved issues in the old Tax regime for smooth implementation of Goods & Services...

Minister for Finance Dr Haseeb Drabu today informed the house that IT enabled initiatives are being introduced in Government Departments including Finance Department for enforcing greater transparency and accountability in the system.Replying to a question of...