New Delhi: Union Minister of State for Home Affairs, G. Kishan Reddy, in a written reply to a question regarding the economic situation in Kashmir Valley, in Lok Sabha today, said that people and business community of Union Territories (UTs) of Jammu & Kasmir (J&K) and Ladakh can now realize full potential in all sectors of economy and businesses like in other parts of the country after the Declaration issued by the President under Article 370. He said that full potential and economy in Jammu, Kashmir and Ladakh regions could not be realized for the last 70 years as the people of J&K have suffered from terrorist violence and separatism supported from across the border for the past many decades.
The Minister added that under the Rs. 80,068 Crores Prime Minister’s package announced on 7 November 2015, 63 major development projects in Road, Power, Health, Tourism, Agriculture, Horticulture and Skill Development sectors are already under various stages of implementation and that, in addition to the above, many flagship schemes of the Government of India, including individual beneficiary centric schemes, are being proactively implemented by the Government.
The Minister noted that on account of article 35A and certain other Constitutional ambiguities, the people of this region were denied full rights enshrined in the Constitution of India and other benefits of various Central Laws that were being enjoyed by other citizens of the country.
The Minister further added that the Central Board of Direct Taxes (CBDT) had extended the due-date for filing of income tax returns in respect of all categories of Income Tax assessee in the Union Territory of J&K and Union Territory of Ladakh till 30 November, 2019.