17 December, 2019
Prelims and Mains focus: Abour J&K Reorganisation Act and issues related; about FFC and its mandate
News: As part of the devolution formula prescribed by the 15th Finance Commission (FFC), Jammu and Kashmir will be treated as a Union territory (UT), despite the Centre’s assurance that this status is temporary and that statehood will be restored “at an appropriate time”.
Procedure for UTs and State receiving grants?
The commission had sought legal opinion from experts before deciding that the Union Territory of J&K will receive grants from the home ministry from the Centre’s share of funds. States’ share of the money comes directly from the consolidated fund of India.
What J&K Reorganisation Act says about grants?
15th Finance Commission
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