Union budget has failed to create employment, check inflation: AMM

Demands setting up of IIT in Kashmir

5 Dariya News (Rouf Pampori,Yawar Shafi )

Srinagar 12-Jul-2014

Awami Mutahida Mahaz (AMM) has said the Union budget has failed to create employment and check inflation that was direly needed in the current scenario.In a statement issued to KNS, Mohammad Yousuf Tarigami convener AMM has described the union budget anti poor and devoid of a vision to tackle galloping price escalation that has hit common man country wide.While the budgetary allocation for rehabilitation of migrants and a proposal to set up an IIT in Jammu is appreciable, AMM has said the union budget has failed to meet out the expectations of other regions of the state. 

The AMM believes that announcement to establish new All India Institutes of Medical Sciences (AIIMS) in various states is significant initiative but the similar Institutes must be set up in both the regions of Jammu and Kashmir.Hailing the initiatives like dedicated funding for sports and Pashmina development in Jammu and Kashmir, the AMM said there is a wide disparity in allocation of funds between Jammu and Kashmir and other states, if put together with the annual plan allocations.  There is a huge mismatch in budgetary allocations for Jammu and Kashmir and the other states and this gap needs to be bridged as soon as possible.An IIT or an institution of the same repute must be set up in Kashmir valley so that long pending aspirations of youth who want to pursue their higher education in institutes of excellence is fulfilled. (KNS)