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| SAC approves first-ever JK Trade & Export Policy | | | Early Times Report
SRINAGAR, Aug 2: The State Administrative Council (SAC), which met here last evening under the chairmanship of Governor, Shri N N Vohra gave nod to the first ever J&K Trade & Export Policy, 2018-28.
The policy reflects the dynamics of Jammu & Kashmir State as an agrarian economy in transition towards a market driven one. It is aimed to transform the state economy from a supply constrained one into a competitive export-led entity responsive to enhanced domestic integration and wider participation in national and global economy in tune with the national policies. It will create an enabling eco-system to ensure effective participation in the designed framework-based trading system that has emerged at the National and International levels and help in seizing opportunities available in global liberalized market.
The envisioned targets in the policy include, to enhance the Domestic Trade Volume by 5 times in next 10 years; to transform the system from regulator to facilitator and from performer to enabler and to provide employment opportunities.
The policy shall be valid for a period of 10 years or till a new Trade and Export policy is announced.
In order to provide immediate relief to the transporters and vehicle owners who are plying commercial passenger vehicles and are providing transportation facilities to the general public, the SAC approved revision in the passenger fare of all commercial passenger vehicles keeping in view sharp rise in the fuel prices and other operational and maintenance cost.
In this regard, Motor Vehicles Department carried out the cost analysis based on all relevant inputs including fuel prices in the month of April 2018 and a proposal was submitted to the Transport Department.
The SAC also approved amendments to the Panchayati Raj Act, 1989 to provide for consultation with Halqa Majlis before preparing the development plan for a Panchayat.
The decision is a step towards devolution of more powers to the people who will be empowered to take decisions about their developmental requirements/ area specific activities.
To facilitate the process of early Panchayat elections in the State, the SAC approved amendment proposed by Department of RD&PR to exclude the Sarpanch from the minimum and maximum number of Panchs in a Panchayat, so that no fresh exercise of delimitation of Panchayats is required to be undertaken.
The SAC approved the transfer of State land measuring 61 Kanals 15 Marlas situated at Village Bara, Tehsil Vijaypur, District Samba, to the Transport Department for establishing Inspection and Certification Centre.
The Ministry of Road Transport and Highways (MoRTH), Govt of India has decided to set up a model Inspection and Certification Centre on pilot basis across the country for conducting fitness tests of motor vehicles. One such centre has been decided to be established at Village Bara, Samba. The project shall be executed by the International Centre for Automotive Technology.
The MoRTH, GoI will provide Rs 14.40 crore to the State for the initiative. The establishment of this centre will enable automated fitness testing, improve the quality of vehicles on road and reduce road accidents.
In order to address the increasing power demand and to provide quality power to the residents of downtown Srinagar, the SAC approved transfer of a piece of land measuring 78 x 33.5 sqm at Jammu & Kashmir Industries (JKI) Residential Sarai, Nowshehra, Srinagar to the Power Development Department (PDD) for construction of a 100 MVA Grid Station. |
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