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‘Land-registry course of after 370 transfer earns J&Ok 100 crore’ | India Information

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NEW DELHI: The shifting of land registration course of in Jammu and Kashmir from the judiciary to the division of registration created within the aftermath of nullification of Article 370, has introduced in earnings price Rs 100 crore in stamp […]

NEW DELHI: The shifting of land registration course of in Jammu and Kashmir from the judiciary to the division of registration created within the aftermath of nullification of Article 370, has introduced in earnings price Rs 100 crore in stamp responsibility and registration charges, based on residence ministry sources.
Because the creation of a brand new division of registration in J&Ok final yr as a part of transition from state to Union Territory, 77 sub-registrars have been appointed and almost 25,000 land registrations finished. The whole registration course of is being digitised and moved on-line. Additionally, the method of stamp responsibility administration is being absolutely computerised and e-stamping guidelines framed. This, stated a house ministry officer, has helped simplify and demystify land income administration in J&Ok.
One other key reform launched was the abolition of Lakhanpur toll. This toll tax was seen opposite to total shopper curiosity because it was pushing up the price of commodities getting into J&Ok. Toll tax at Lakhanpur entry level to J&Ok and all different posts at railway stations and airports, was abolished with impact from January 1, 2020. A house ministry officer stated this has “facilitated the expansion of a sturdy industrial sector, holding in tune with the ‘one nation, one market’ spirit of GST”.
Energy sector in J&Ok has additionally benefited as a reform pending for the previous 5 years, the ability distribution division was hived off into 5 autonomous companies with impartial mandates and tasks. “The unbundling has moved the main target to improved companies and secure income mechanism,” stated a senior MHA official.
To make sure quicker execution of civil works post-Article-370, the engineering wing of directorate of city native our bodies was wound up and civil works entrusted to public works division. The municipal committees and councils are actually empowered to accord administrative approvals for tasks as much as Rs 5 crore.
The central data fee, central vigilance fee — which has direct supervision over state anti-corruption bureau — and central administrative tribunal now have jurisdiction over J&Ok, which officers say has ensured transparency and accountability within the combat in opposition to corruption. ACB has since taken cognisance of financial institution fraud instances, together with the J&Ok Financial institution corruption case that led to many high-profile arrests together with its two former CMDs. As many as 73 FIRs had been registered and 50 arrests made by ACB in 2019. There have been 20 arrests until June this yr. ACB has additionally seized funds work Rs 187 crore within the J&Ok State Cooperative Financial institution mortgage fraud case.
Eleven disproportionate belongings instances had been registered within the UT of J&Ok in 2019 in opposition to eight in 2018. Many structural and monetary reforms had been launched to convey transparency, probity and pace and e-tendering is now mandataory, changing the apply of departmental works on nomination foundation.
To release big authorities funds parked in varied financial institution accounts with little accountability and monetary self-discipline, these had been recognized and timelines mandated for his or her remittance into consolidated fund. The initiative has seen the remittance of almost Rs 1,000 crore into the consolidated fund of J&Ok, stated residence ministry sources.
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