Panel Is Working On Distributing Assets Between J&K And Ladakh UTs

As part of a refund process to Ladakh, the committee has proposed a formula of 80:20 for the distribution of sharable resources – mainly cash – for J&K and Ladakh. Advertisement Although the asset allocation committee between the newly formed Union Territories of J&K and Ladakh submitted its preliminary assessment two months ago, many controversial issues remain. These relate to the distribution of property owned by the former state in Delhi, Amritsar, Chandigarh and Mumbai, in addition to the assignment of government officials from various state departments to the two UTs.

The three-pronged division of assets between the two UTs, led by former Defense Minister Sanjay Mitra, submitted an interim assessment report in October recommending certain recommendations for the division of assets. The final report of the committee is expected by the end of the current financial year.

The commission, sources said, created an index that measures backwardness, area and remote location, along with the historical deprivation suffered by Ladakh.

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