Report of the Comptroller and Auditor General of India on Revenue and Public Sector Undertakings (Social,General and Economic Sectors): Government of Jammu & Kashmir
The Comptroller and Auditor General has claimed that prime lands in Jammu and Kashmir were allegedly transferred at concessional rate to various trusts though the lands were under commercial use, causing huge losses to the state exchequer. It was observed that (Prime) lands in Srinagar were transferred to Khidmat trust (7 kanals, 15 Marlas and 84 square feet at Kothibagh) and Nawai-e-Subah Trust (3 kanalas, 16 Marlas at Zero Bridge) at concessional rate applicable to lands under institutional use though the lands were under commercial use, the CAG report tabled in the state legislature’s recently concluded Budget Session, said.