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        Case ID :
        Income Tax

        Finance Ministry Releases in Advance the Installments Worth ₹ 865.29 Crore Due in October 2014 to Government of Jammu and Kashmir to Help the State Government to Deal with Unprecedented Situation of Flood and Natural Calamity

        September 13, 2014

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        Ministry of Finance has released installments due in October, 2014 on 9th September, 2014. This includes ₹ 344.10 crore as Special Central Assistance and ₹ 174.60 crore as Non-Plan Revenue Deficit. On 10.9.2014, the Ministry of Finance released ₹ 346.59 crore as Share in Central Taxes and Duties to the Government of Jammu & Kashmir (J&K). All these installments are released in advance in order to bail-out the State Government due to unprecedented situation of flood and Natural Calamity/disaster in the State.

        Advance release of central funds for disaster relief enables immediate fiscal support and state recovery operations. The Ministry of Finance advanced scheduled October transfers to Jammu and Kashmir as emergency fiscal support, disbursing Special Central Assistance, Non-Plan Revenue Deficit support and the State's share in central taxes and duties to meet urgent expenditure needs arising from severe flooding and natural calamity.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Advance release of central funds for disaster relief enables immediate fiscal support and state recovery operations.

                                The Ministry of Finance advanced scheduled October transfers to Jammu and Kashmir as emergency fiscal support, disbursing Special Central Assistance, Non-Plan Revenue Deficit support and the State's share in central taxes and duties to meet urgent expenditure needs arising from severe flooding and natural calamity.


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