Govt Sets Up 3-member Committee For Division Of Assets, Liabilities Between J-K, Ladakh

New Delhi, Nov 15: The Centre Govt. has constituted a three-member committee for division of assets and liabilities of Jammu and Kashmir

Advisory committee has been constituted under Section 84 of the J-K Reorganisation Act for apportionments of assets, rights and liabilities between UT of J-K and Ladakh, which shall be headed by Congress leader Anand Sharma.

The 14th Finance Commission award has been apportioned between the UTs of J-K and Ladakh in the ratio of 70 per cent and 30 per cent for the remaining five months of the 2019-20 fiscal.

 

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