PM announces J&K floods ‘National Disaster’, declares additional aid of Rs 1,000 crore

Announcing the Jammu and Kashmir floods as national level disaster, PM Modi declared an extra Rs 1,000 Crore as distinct aid for flood relief and rehabilitation. The state govt is battling worst flood in the last 50 years. The National Disaster Relief Force (NDRF), Air Force and Army were also pressed into action. 

PM Modi stated that the Rs 1,100 crore which is being made available to the J&K government via the State Disaster Relief Fund would not be sufficient in view of the scale of the tragedy. PM promised additional assistance would be offered, if essential, after an appropriate survey of the condition.

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Categories: Banking Current Affairs 2017

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