In a major achievement this year, the highest-ever funds have been spent under the flagship Central Sponsored Schemes (CSS) by Jammu & Kashmir in the financial year 2022-23. Moreover, employment for 2,63,595 people was also generated in the Union Territory (UT) under different schemes during this period. The same got revealed after reviewing the overall performance of the Union Territory under different parameters of registering growth and progress during the year 2022-23. It also came to fore that during 2021-22, the total amount received by the UT under CSS was Rs 7,655 corer which was enhanced to Rs 8,938 corer during 2022-23, registering a growth of nearly 15 per cent for the recently concluded financial year. The figures for 2022-23 are further subjected to reconciliation with the Reserve Bank of India (RBI) and the office of the Accountant General, Jammu & Kashmir. In addition, the UT had been successful in providing employment to 2,63,595 people under different self-employment schemes. The number during the year 2021-22 was 2,53,158 which also saw an increase of 10,473 livelihood opportunities for the youth of Jammu & Kashmir this year. The schemes under which the employment opportunities had been created includes 1,67,932 under the Prime Ministers Employment Generation Programme (PMEGP), 35,564 under Mission Youth, 34,200 under Jammu and Kashmir State Rural Livelihoods Mission (JKRLM), 8,457 under Jammu and Kashmir Women’s Development Corporation (JKWDC), 5,331 under Handicrafts & Handloom sector, 2,834 under Himayat (DDUGKY), 2,818 under sheep husbandry, 2,193 under SC/ST/OBC Corporation, 1,576 under National Urban Livelihoods Mission (NULM), 2,668 under animal husbandry and agriculture production besides dozens of others under different sectors. With respect to collection of revenue under goods and services tax (GST) for March 2023, the Union Territory registered a growth of 29.42 per cent much more than the states/UTs of Punjab (10.37), Chandigarh (10.09), Delhi (17.72), Rajasthan (15.80), Himachal Pradesh (8.11) and Haryana (16.93). All these achievements have been possible only due to the efficient mechanism in place after taking a plethora of reforms during the past few years besides ensuring transparency and accountability under the Lieutenant Governor’s administration in the UT.

Expatriate Bangladeshis sent US$ 14,907.35 million remittances during the first seven months of the current fiscal 2020- 21, which is apparently 34.95 per cent higher than the same period of the preceding year, according to a Finance Ministry data. The country received $11,046.36 million remittances during July to January in 2019-20 financial year, the data added. Expatriate Bangladeshis sent US$ 1,962.60 million remittances in January of the current fiscal 2020-21, which was $1,638.43 million remittances during the month of January in 2019-20 financial year, the data added. As per the data of the Finance Ministry, the country’s foreign exchange reserves are around US$42.91 billion. The inflow of remittance added to raise the foreign exchange reserve to over 42 billion. Source: BSS AH

Expatriate Bangladeshis sent around US$16.56 billion remittance till June 3 of the current fiscal 2019-20 which is all time high of any fiscal. “Bangladesh has achieved the highest remittance till June 3 of this fiscal. It is the highest record of any financial year. During this time, Bangladesh has achieved $16.56 billion, which is the result of the government’s two percent incentive program. As of June 30, 2018-19, it was $16.42 billion. With one month left in this fiscal year, the sector has achieved this record of $16.56 billion,” according to a Finance Ministry press release issued Friday. The country’s foreign exchange reserves also touched a new record of $34.23 billion on June 3 amid the coronavirus crisis. Earlier, the previous highest reserves amounting $33.68 billion were recorded on September 5 in 2017. Source: BSS AH