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Indian-controlled Kashmir faces grave financial crisis

Xinhua, January 22, 2015 Adjust font size:

Indian-controlled Kashmir government is currently facing grave financial crisis, an official spokesman said Wednesday.

"A spokesman of governor disclosed that consequent to holding several rounds of personal discussions with the planning and finance secretaries, and consultations with the chief secretary, the governor has addressed a detailed communication to the Union Finance Minister regarding the crisis being faced on the financial front," a spokesman said.

The Governor N N Vohra has wrote to India's federal government for immediate support to ward off the crisis.

Indian-controlled Kashmir is currently under India's direct rule and region's governor is running the affairs.

The recently concluded local elections brought a hung verdict with no party winning a clear majority in the region.

According to the spokesman, the region's governor was likely to visit New Delhi to meet Indian Finance Minister Arun Jaitley to seek his urgent help to enable the local government to tide over the crisis. Endi