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PM Modi may offer Jammu and Kashmir Rs 1 lakh-crore financial aid

News:

  • Prime Minister Narendra Modi is likely to announce a financial package for Jammu & Kashmir on August 15 on Independence Day.
  • “If everything goes well, the announcement will be made on August 15. It may well be over Rs 1 lakh crore,” said a senior member of the PDP-BJP coalition government.
  • The state government expects the package to include a substantial component for the 2014 flood victims who are yet to receive any compensation.

Source: ET

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