Budget and the region

Arun Jaitley’s Union Budget 2014-15 has 14 announcements for Punjab, HP, Haryana and J&K
• IIMs (Indian institutes of management) to be set up in Punjab and Himachal Pradesh
• IIT (Indian Institute of Technology) to be set up in Jammu
• Rs 200 crore earmarked for conserving and preserving heritage character of Amritsar and five other cities under Hriday (National heritage city development augmentation Yojana)
• Agri-biotech centre in Mohali to be scaled up to give thrust to secondary agriculture through collaboration
• Renuka dam construction to be taken up on priority; initial sum of Rs 50 crore earmarked
• Horticulture University announced for Haryana
• Biotechnology research centre at Faridabad
• Amritsar-Kolkata industrial corridor master planning to be completed expeditiously
• Rs 500 crore for rehabilitation of displaced Kashmiri migrants in Jammu and Kashmir
• Rs 200 crore provided for upgrading sports infrastructure in J&K
• Rs 50 crore for Pashmina Promotion Programme and another programme for the development of other crafts of J&K
• Ladakh among four places identified for setting up ultra mega solar power projects for which Rs 500 crore have been set aside
• Annual sports event for HP and other Himalayan region states
• New debt recovery tribunal to be set up at Chandigarh for NPAs (non-performing assets) of public sector banks

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