Excelsior Correspondent
SRINAGAR, Mar 16: Jammu and Kashmir Coordination Committee (JKCC), an amalgam of trade, industry, tourism, travel, horticulture and civil society formations today accused former Finance Minister, Haseeb Drabu of acting as a collaborator for eroding fiscal autonomy by facilitating extension of GST Act into J&K in most deceitful and illegal manner.
A JKCC spokesman in a statement said that a meeting was held by JKCC here in which members said that Drabu played a game and diverted J&K of whatever fiscal powers were left out under Article 370, in his dream to attain greener pastures. “Not only GST law, but the minister also facilitated the applicability of Securitization and Reconstruction of Financial Assets and Enforcement Act (SARFAESI),” he said.
The spokesman said before its deceitful introduction of SARFAESI, the ex-minister is on record to have all along maintained that he would not allow this Act to pass into the State owing to the special status and instead would introduce Asset Reconstruction Company to protect the interests of banks and borrowers.
JKCC criticized the state government for paying no heed to the repeated reminders of the amalgam about the hidden agenda of Haseeb Drabu and for waking up too late to act against him. “Besides erosion of fiscal autonomy, the former Finance Minister is also responsible for the present economic mess which has resulted in the strangulation of almost all our economic sectors,” the spokesman said.
JKCC urged the State Government to revisit all the schemes, policies rules and regulations put in practice by the ex-minister in order to undo full or portion of these policies found detrimental to our political and economic interests of J&K. “The government should also initiate serious and meaningful deliberations on repealing of the GST law and replacing it with State’s own law,” the spokesman said.
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