The committee will look into the overall economic scenario and will also suggest measures to ensure J&K’s economic revival

The administration of the Union Territory of Jammu and Kashmir has formed a committee in order to help businesses across the UT for its economic revival. According to a report published in The Economic Times, the committee set up by Lieutenant Governor Manoj Sinha will work out ways to ensure the economic revival of the UT.

According to a senior official, the committee will be headed by advisor to the Lt Governor Kewal Kumar Sharma along with a financial commissioner from the finance department and commissioner secretary from industries and commerce department. Since tourism is a huge part of Kashmir’s economy, secretary, Tourism and J&K Bank have also been made a part of the committee, the report said.

The committee was announced by the Lt Governor during an interaction with the representatives of Kashmir Chamber of Commerce and Industry, the report mentioned. The committee will look into aspects like assessment of overall economic scenario and will also suggest measures to ensure the economic revival of Jammu and Kashmir. It will also suggest ways to reach and help the business community.

The report also said that several other important decisions were also made during the meeting. The decisions included extension of power amnesty scheme and holistic view of policy. The committee has extended the last date to avail the benefits under the scheme up to September 30. The decisions were also made regarding guidelines for registration, renewal and operation of house boats, the report said.

The Lt Governor also directed the concerned authorities to work out a mechanism to involve all concerned stakeholders to form policies after taking in consideration all the concerns of all the stakeholders.

The committee has been asked to submit its report by September 1 to the Lt Governor on the basis of which the policies will be formulated.

Read the full report in The Economic Times