Jammu and Kashmir Current Affairs - 2019

Category Wise PDF Compilations available at This Link

CCEA extends Special Industry Initiative for J&K- Udaan Scheme

The Cabinet Committee on Economic Affairs (CCEA) extended  time period “Special Industry Initiative for J&K” (Sll J&K)- Udaan Scheme till  December, 2018 without any modification and cost escalation.

Proposal in this regard was forwarded by Ministry of Home Affairs. Initially the time period of UDAAN Scheme was upto 2016-17.

UDAAN Scheme

Udaan is national integration scheme with goal to mainstream J&K youth with rest of country. It not only provides skill enhancement and job opportunity but also connects bright youths from J&K with vibrant corporate sector of country.

Udaan Scheme provides exposure to youth of J&K to best of corporate India and corporate India to rich talent pool available in State. So far, 109 leading corporate entities have partnered with National Skill Development Corporation (NSDC) under scheme with commitment to train youth from State covering Banking, Financial Services, IT, ITES, Organized Retail, Infrastructure, Hospitality etc.

Lok Sabha passes two key bills for implementation of GST in J&K

The Lok Sabha has passed the Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017.

The two bills will replace the ordinances promulgated earlier in this regard to complete rolling out GST regime the Himalayan State.

The first bill provides for the extension of the Central Goods and Services Tax (CGST) Act, 2017 to J&K and the other also provides for the extension of the Integrated Goods and Services Tax (IGST) Act, 2017 to J&K.

Background

The Central government earlier had promulgated ordinances to make the Central GST and Integrated GST (IGST), which deals with inter-state commerce, applicable to all states. However, provisions of these Central laws were not applicable to J&K unlike the rest of India, as the state is having a special constitutional status. Under this different constitution procedure, President Pranab Mukherjee had promulgated two ordinances regarding the introduction of the GST in J&K.