Excelsior Correspondent
NEW DELHI, Mar 25: Sat Sharma, President, J&K BJP and MP (Rajya Sabha), spoke in strong support of the Appropriation Bill-II, 2026 in the Rajya Sabha, emphasizing that the legislation empowers the Government to effectively allocate and utilize financial resources for national development.
Speaking during the debate, Sat Sharma stated that the bill reflects the Government’s commitment to fiscal discipline and robust economic management, with total expenditure reaching Rupees 357.14 lakh crore and India maintaining a strong foreign exchange reserve of approximately 686 billion dollars. He termed this as a decisive step towards achieving the vision of a Viksit Bharat by 2047.
He underscored that India’s economic policies are designed to ensure stability even amidst global uncertainties, highlighting the Economic Stabilization Fund of Rupees 57,381.84 crore as a safeguard against fluctuations in global energy prices. He noted that the roadmap to 2047 is rooted in inclusive and universal development, where growth benefits every section of society.
Sat Sharma lauded the leadership of Narendra Modi for maintaining a steady growth rate of around 7 percent and successfully lifting nearly 25 crore people out of poverty. He contrasted this with earlier regimes, stating that today’s governance model focuses on transparency, accountability, and direct benefit delivery.
Sat Sharma welcomed the substantial allocation in the defence sector, including over Rupees 3.73 lakh crore in revenue and Rupees 2.19 lakh crore in capital expenditure, which will enhance modernization and promote indigenous defence manufacturing under Make in India.
Referring to Jammu & Kashmir, Sat Sharma said that the region has witnessed unprecedented development after the abrogation of Article 370, with the budgetary allocation rising to Rupees 43,290 crore for 2026-27, compared to around Rupees 18,000 crore earlier.
Asserting that in view of transformative measures, transparent governance, and the Government’s clear vision for a developed India by 2047, he wholeheartedly supported the Appropriation Bill-II, 2026.
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