Srinagar, Feb. 1 -- The Union government has proposed an allocation of Rs 43,290.29 crore for Jammu and Kashmir in the Union Budget for 2026-27, marking an increase of nearly Rs 2,000 crore over the current financial year. Budget documents show that the Centre has enhanced financial support to the Union Territory as part of its continued assistance to bridge resource gaps and fund key sectors. For the ongoing financial year, Jammu and Kashmir's total assistance has been revised to Rs 41,340 crore, up from the earlier estimate of Rs 41,000.07 crore, reflecting an upward revision of Rs 340 crore. In the 2026-27 Budget, the Centre has proposed Rs 42,650 crore as central assistance to cover the Union Territory's resource deficit.Click Here To...