A three-member advisory committee is overseeing the distribution of assets and liabilities between the two Union Territories. Following the bifurcation of Jammu and Kashmir into two Union Territories under the Jammu and Kashmir Reorganisation Act, 2019, the J&K administration is set to transfer financial liabilities amounting to Rs 2,504.46 crore to the Union Territory … Continue reading J&K to Transfer Rs 2,504.46 Crore Liabilities to Ladakh Post-Bifurcation