Srinagar, March 13 -- Chief Minister Omar Abdullah today informed the Legislative Assembly that a committee had been constituted to ensure the transparent distribution of assets, liabilities and budget between the Union Territories of Jammu & Kashmir and Ladakh following the reorganization. Responding to a query from Member Qaysar Jamshaid Lone regarding the apportionment of assets, liabilities and loans, the Chief Minister stated that the process is being carried out in accordance with Notification SO-339 of GAD, dated October 30, 2020. "The apportionment was to be conducted in a manner to ensure a fair transfer of assets, liabilities and budget between the two UTs. After completion of the process, an official gazette notification was is...
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