Jammu : The crucial meeting of the State Advisory Council (SAC), headed by Governor N.N. Vohra, to finalise budget proposals for 2016-2017 in Jammu and Kashmir, scheduled on Tuesday, has been postponed. Although there was no word on whether the postponement of the crucial meeting had any connection with the formation of government by the Peoples Democratic Party and the BJP. The decision came on a day when PDP president Mehbooba Mufti left for New Delhi ostensibly to attend the Lok Sabha. There were renewed speculations that the former ruling alliance partners, PDP and BJP, could be close to reaching an agreement on government formation within the next four-to-five days. Former state finance minister Haseeb Drabu said on Monday that even if the governor's administration passed a full fledged budget or vote on account for the new fiscal in the state, any elected government would have the power to change those proposals. The state was placed under governor's rule on January 8, a day after then chief minister Mufti Muhammad Sayeed passed away following a brief illness.