Referring to concerns raised by members regarding Jammu and Kashmir, Mrs Sitharaman assured the House that the Government has extended substantial financial and administrative support to the Union Territory of Jammu and Kashmir after the abrogation of Article 370 in 2019. She informed that the salaries and pensions of Jammu and Kashmir Police are being fully made by the Central Government, involving an annual expenditure of around 13 thousand crore rupees. The Minister said that the abrogation of Article 370 reaffirmed that Jammu and Kashmir is an integral part of India, inclusive of those occupied by Pakistan illegally.

She informed that the Government has also undertaken restructuring of the Union Territory's debt and cleared liabilities related to Ladakh. The Finance Minister reiterated the Government's commitment to ensuring the economic stability and development of Jammu and Kashmir, stating that all necessary support will continue to be provided so it can progress alongside the rest of the country. The Minister assured that the Government remains committed to supporting and safeguarding the interests of the people of Jammu and Kashmir.

Participating in the discussion, Dr M Thambidurrai of AIADMK said that under the leadership of Prime Minister Narendra Modi, India is today progressing as one of the fast-growing major economies in the world. He said, the government has taken important initiatives for infrastructure development, digital governance, manufacturing, connectivity, and welfare schemes. Mr Thambidurai said that these efforts contribute to economic growth and improve delivery of public services.

Supporting the Bill, Bhashyam Rama Krishna of TDP said that under the leadership of Prime Minister Modi, India has continued to remain among the world's fastest-growing major economies, despite unprecedented global uncertainty. He said, India's macroeconomic fundamentals remain strong because of sustained reforms, prudent fiscal management, and consistent policy implementation.

Ravi Chandra Vaddiraju of BRS said that it is part of the constitutional process and helps complete the financial work of the government. He said, the government has taken several steps for the country's growth, development and public welfare. Mr Vaddiraju requested the government to give equal importance to all states while planning development works.

Dr Sikander Kumar of BJP, Manoj Kumar Jha of RJD, Sulata Deo of BJD, and Sanjay Singh of AAP, among others participated in the discussion.