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Omar meets Union finance minister amid deepening fiscal crisis in J-K

Omar meets Union finance minister amid deepening fiscal crisis in J-K
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New Delhi, Nov 20 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Thursday called on Union Finance Minister Nirmala Sitharaman here, a meeting held against the backdrop of the Union Territory’s depleting finances.

There was no official word about the subjects discussed during the meeting, but sources said that the primary focus was on securing central assistance to address the severe fiscal challenges facing the UT.

According to the officials, the finances of the UT have been severely impacted by various factors which included a substantial decline in its share of Goods and Services Tax (GST) revenue.