J&K may opt for Vote-on-Account

With the approaching of budget session in Jammu and Kashmir, Governor NN Vohra has asked the Principal Secretary (Planning) to prepare for an interim budget in the event of further delay in government formation.
"Governor N N Vohra has advised Principal Secretary, Planning B R Sharma that if it becomes necessary, papers for securing a Vote-on-Account should be kept ready," an official Raj Bhawan spokesman said.
He said the governor yesterday held a meeting with Sharma to review the formulation status of Annual Plan for 2015-16.
"The Governor was informed that consequent to his earlier discussions with the Principal Secretary Finance, the exercise of holding discussions with the various state government departments regarding formulation of Annual Plan 2015-16 has since been completed," he said.

The Governor recalled the discussions held in the first meeting of the Governing Council of the NITI Aayog which he had attended recently and urged the principal secretary to expedite the process of finalising the Annual Plan for its timely approval.
Sharma apprised the Governor that the Planning Department has since largely completed the action due at its end to avail balance funding under the special plan assistance during 2014-15.
"The Governor desired him to personally pursue the matter with NITI Aayog and the department of expenditure, Government of India, for early release of the balance share due to the state government," the spokesman said.