JAMMU, Feb. 26 -- Former political regimes led by National Conference and Peoples Democratic Party (PDP) took arbitrary decisions during their rule that led to huge revenue loss and accumulation of liabilities.
The Power Development Department (PDD) was directly handled by the by the political regimes as de-bundling and power reforms were not achieved till J&K was turned into a Union Territory. Hence, the receipts and expenditure on procurement and supply of electricity formed part of the State Government accounts. Steadily rising gap between the Revenue Expenditure of the Power Development Department and Revenue Receipts was the most significant structural imbalance in the Budget of the Government and a drain on the resources, which could...