In January, the Central Government concluded to abolish Article 370 in Jammu & Kashmir turning it into union-territory, which generates various opportunities to improve.
Presently, the procedure for recording the land was switched from the judiciary to the revenue department. Since the creation of a new department of registration, 77 sub-registrars have been assigned and till now about 25,000 land registrations done.
This verdict also brought new scope for the citizen as they can now purchase the property in J&K. The revenue department has gained tremendous revenue worth Rs. 100 crore from stamp duty & registration fees, this year after removal of Article 370.
The entire registration process and stamp duty authority shifted online in computerized form. The laws regarding E-stamping have also been formulated. This will enable the procedure simple and accessible in the state.
In a step of major improvement, another key reform submitted which was abolishing the Lakhanpur toll. This toll tax was against the overall interest of the consumers as it was one of the reasons for inflating the cost of goods reaching in Jammu & Kashmir.
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From 1 January 2020, the toll tax at Lakhanpur entry point and all additional posts at railway stations, airports were also revoked with article 370. A home ministry official said this has “facilitated the growth of a robust industrial sector, keeping in tune with the ‘one nation, one market’ spirit of GST”.
A major development is also done in the power sector of J&K as it has been assigned to 5 autonomous corporations. In this transfer, the priority would be on improving services of power and stability of revenue mechanisms.
The municipal committees and councils are now authorized for administrative approvals for projects of up to Rs 5 crores. There are many other reforms are also made by the Central Government to improve the J&K from roots.
