J&K govt likely to submit loss memo to Centre by weekend: SRINAGAR, SEPTEMBER 25: The J&K government is likely to submit to the Centre by this weekend the memorandum of losses, estimated to be at least Rs 50,000 crore, due to the worst floods in decades in the state. All the administrative departments have been asked to submit their loss assessment reports today so that the same can be forwarded to the Union government in next couple of days, a senior state government official told a news agency. The official said preliminary estimate of losses incurred to all sectors including private property and private businesses was at least Rs 50,000 crore. It can be higher than that also as some departments are still compiling data, he said. The official said the losses to agriculture sector were in excess of Rs 4,000 crore while horticulture sector has suffered losses to the tune of nearly Rs 2,000 crore. The damage to public infrastructure like roads, government buildings, bridges and hospitals is estimated at 7,000 crore, he added. The official said the damage in the private sector is much higher as for the first time the commercial hub of Lal Chowk, Budshah Chowk and surrounding areas have been hit by the floods.
Posted on: Thu, 25 Sep 2014 17:13:57 +0000
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