<h1>Jammu and Kashmir Unveils Fiscal Reforms: New Vehicle Taxes, Fuel Tax Adjustments, and Digital Tracking for Economic Boost</h1> The Chief Minister of Jammu and Kashmir announced fiscal reforms to boost the region's economy, focusing on reducing the fiscal deficit and enhancing revenue through strategic measures and central support. Key initiatives include new taxes on non-transport vehicles registered in the region, adjustments in fuel taxes to promote cleaner energy, and improved tax compliance through digital tracking. Despite financial constraints, efforts have led to increased tax and non-tax revenues. The government aims to reduce high-cost debt and improve infrastructure with central assistance, including an additional Rs 5,000 crore in grants. Fiscal transparency and discipline are emphasized to ensure sustainable growth.