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Prime Minister Modi announces ₹ 80,000 crore development package for Jammu and Kashmir
GoI allots ₹ 7854 crore package for flood relief, reconstruction & flood management in J&K
GoI allots ₹ 42611 crore for road and highway projects in J&K
GoI allots ₹ 11708 crore for power, new and renewable energy, ₹ 4900 crore for health in J&K
GoI allots ₹ 2600 crore for Human Resource Development, Skill Development and sports in J&K
GoI allots ₹ 529 crore for Agriculture and Food Processing, ₹ 2241 crore for tourism in Jammu and Kashmir
GoI allots ₹ 2312 crore for Urban Development in Jammu and Kashmir
GoI allots ₹ 5263 crore for Security and Welfare of displaced people in J&K
GoI allots ₹ 50 crore for Pashmina Promotion Project in Jammu and Kashmir

The Prime Minister, Shri Narendra Modi, today announced a Rs. 80,000 crore rupee development package for Jammu and Kashmir. Following are the highlights of the package.


Flood relief, reconstruction and flood management – Rs. 7854 crore

This includes monetary help to people for reconstruction of damaged houses and for infrastructure; restoration of livelihood for traders and small businessmen; a plan for comprehensive flood management of the River Jhelum and its tributaries; and Jhelum-Tawi flood reconstruction project;


Road and highway projects – Rs. 42611 crore

This includes construction of Zojila tunnel; semi ring roads in Jammu and Srinagar; projects under Bharat Mala for better connectivity; and upgradation of important highway and other projects in the State.


Power, New and Renewable Energy – Rs. 11708 crore

This includes augmentation of power infrastructure and distribution systems; solar power; small hydro projects.


Health - Rs 4900 crore

This includes creation of two AIIMS-like institutions in capital cities of the State, and support for creation of infrastructure in hospitals and Primary Health Centres.


Human Resource Development, Skill Development and sports – Rs. 2600 crore

This includes establishment of IIT and IIM in Jammu; stepping up efforts under the HIMAYAT scheme to train one lakh youth over five years, and augmenting sports infrastructure.


Agriculture and Food Processing – Rs 529 crore

This includes support for horticulture, and creation of cold storage facilities


Tourism –Rs. 2241 crore

This includes new projects and tourist circuits, and setting up of 50 tourist villages.


Urban Development – Rs. 2312 crore

This includes amounts under Smart Cities and Swachh Bharat missions; and for infrastructure in towns of Jammu and Kashmir.


Security and Welfare of displaced people – Rs. 5263 crore

This includes amounts towards jobs for Kashmiri migrants, rehabilitation of families from Chhamb and PoK, construction of houses, and setting up of five India Reserve Battalions. The India Reserve Battalions will create 4000 jobs for the youth of Jammu and Kashmir.


Pashmina Promotion Project – Rs. 50 crore


Total package amount – Rs. 80,068 crore


These amounts are over and above the amounts already committed, including Rs. 837 crore under Prime Minister’s National Relief Fund and Rs. 1000 crore given to the State after last year’s floods.

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PM to inaugurate InFinity Forum on 3rd December
November 30, 2021
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The Forum will focus on the theme of 'Beyond'; with various sub themes including ‘FinTech beyond boundaries’, ‘FinTech beyond Finance’ and ‘FinTech Beyond Next’

Prime Minister Shri Narendra Modi will inaugurate InFinity Forum, a thought leadership Forum on FinTech, on 3rd December, 2021 at 10 AM via video conferencing.

The event is being hosted by International Financial Services Centres Authority (IFSCA), under the aegis of Government of India in collaboration with GIFT City and Bloomberg on December 3 and 4, 2021. Indonesia, South Africa and the U.K. are partner countries in the first edition of the Forum.

InFinity Forum will bring together the leading minds of the world in policy, business, and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry for inclusive growth and serving humanity at large.

The agenda of the Forum will focus on the theme of 'Beyond'; with various sub themes including FinTech beyond boundaries, with governments and businesses focussing beyond the geographical boundaries in the development of global stack to promote financial inclusiveness; FinTech beyond Finance, by having convergence with emerging areas such as SpaceTech, GreenTech and AgriTech to drive sustainable development; and FinTech Beyond Next, with focus on how Quantum Computing could impact the nature of Fintech industry in the future and promote new opportunities.

The forum will witness participation from over 70 countries. Key speakers at the Forum includes Finance Minister of Malaysia Tengku Mr. Zafrul Aziz, Finance Minister of Indonesia Ms Sri Mulyani Indrawati, Minister of Creative Economy Indonesia Mr. Sandiaga S Uno, Chairman and MD, Reliance Industries Mr. Mukesh Ambani, Chairman & CEO SoftBank Group Corp. Mr. Masayoshi Son, Chairman and CEO, IBM Corporation Mr. Arvind Krishna, MD and CEO Kotak Mahindra Bank Limited Mr. Uday Kotak, among others. NITI Aayog, Invest India, FICCI and NASSCOM are some of the key partners to this year's Forum.

About IFSCA

The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, Gandhinagar Gujarat, has been established under the International Financial Services Centres Authority Act, 2019. It works as a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India.