Story so far: On March 22, Finance Minister Nirmala Sitharaman moved the two Jammu and Kashmir Appropriation Bills in the Rajya Sabha for consideration.
The two Bills – Jammu and Kashmir Appropriation Bill, 2022 and Jammu and Kashmir Appropriation (No. 2) Bill, 2022 – will allow the Centre to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of the Union Territory for the services of the Financial Year 2021-22 and 2022-23 respectively.
According to the first Bill, “from and out of the consolidated fund of Jammu and Kashmir, there may be paid and applied sums not exceeding those specified in column 3 of the Schedule amounting in the aggregate to the sum of eighteen thousand eight hundred sixty crore, thirty-two lakh and thirty-four thousand rupees towards defraying the several charges which will come in course of payment during the financial year 2021-22 in respect of the services specified in column 2 of the Schedule.”
