The Centre will be announcing a special economic package for Jammu & Kashmir shortly while at the same time charting out a new policy framework for this northernmost state beleaguered by terrorism and civil unrest.
It is expected the announcement would be made at a news conference to be addressed jointly by home minister Rajnath Singh and finance minister Arun Jaitley.
According to reliable sources, the Centre may come out with a liberal financial package to extended help for the victims of the 2014 flash flood that affected over 5,500 villages, damaged nearly 4.5 lakh buildings and had adverse impact on crops spread over 6.5 lakh hectares.
The interim package for rehabilitation of flood victims has been finalised by the finance ministry and got the approval of the PMO. The package aims at development and revitalisation of sectors like tourism and handicrafts in order to help traders affected by the floods.
The joint press conference to be addressed by home minister and finance minister would also chart out a policy framework for Jammu and Kashmir in terms of its security perception and law and order issues.
The state has seen a spurt in activities of separatists and hard line factions who have been raising anti-India slogans and waving Pakistani flags at rallies across the valley.
Despite strong opposition to any engagement with the separatists in J&K, it seems the possibility of offering some concessions to woo them to the negotiating table is also on the cards.
In fact, the BJP’s partnership with the ruling PDP in J&K is basically seen as an effort towards ethnic reconciliation.
At the time of sealing the alliance between the BJP and PDP, some critical points related to the development of the state like Article 370, AFSPA, normalisation of ties with Pakistan and power projects were agreed upon.