High Court permits JK Govt. to utilize money collected from NHPC

JAMMU: In a significant order of for reaching importance the High Court today permitted the State Government to utilize the money collected from NHPC as water usage charges for the welfare of the State.
The operative part of the High Court order reads as “permission is accordingly granted with the condition that in case the petitioner succeeds, the respondents, without loss of time, will deposit back the entire amount in the said separate account along with interest as would accrue on such amount if would remain in the account maintained in the J&K Bank”.
Today’s order has come as a major relief to the State Government as it would enable it to utilize the amount on many ambitious projects in the State.
It may be recalled that the State government expects to get Rs. 900 crore or more as water usage charges from NHPC this year. (KMW NEWS)