Srinagar,13 Dec. Expressing it’s concern over restricting Cash flow to J&K,Janta Dal United J&K today termed the move by RBI as illogic.In a Statement to the Press JDU State President Mr GM Shaheen said by restricting Cash flow to J&K RBI has done a tremendous damage to the State’s economy which will badly hamper the functioning of different Institutions.
Mr GM Shaheen further said that J&K is passing through a very critical & Poor economic crisis the move of RBI will further create problems to the already Cash starved State.
He further said that with this Move by RBI People especially Business community will suffer badly which will have a negative impact on J&K.
He lashed out at PDP-BJP State Government for their failure in pulling J&K out of present Economic Crisis.
Mr Shaheen also blamed Central Government of Financial Crisis in J&K. Shaheen demanded that Central Government should intervene into this grave issue and should direct RBI to revoke the order.