×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 22 July, 2021

  • 12 Min Read

Integrated Multi-purpose infrastructure Development Corporation for Ladakh

Integrated Multi-purpose infrastructure Development Corporation for Ladakh

Background

  • Consequent upon re-organisation of the erstwhile State of Jammu and Kashmir as per the Jammu and Kashmir Reorganisation Act, 2019, the Union Territory of Ladakh (without Legislature) came into existence on 31.10.2019.
  • An Advisory Committee was constituted under section 85 of the Jammu and Kashmir Reorganization Act, 2019 for making recommendations regarding the apportionment of the assets and liabilities of the erstwhile State of Jammu and Kashmir between the Union Territory of Jammu and Kashmir, and the Union Territory of Ladakh. The said Committee inter-alia recommended for the establishment of an Integrated Infrastructure Development Corporation Limited on the lines of the Andaman & Nicobar Islands Integrated Development Corporation Limited (ANIIDCO), with an appropriate mandate to take up various developmental activities as per the specific needs of Ladakh.
  • Accordingly, the Union Territory of Ladakh sent a proposal to this Ministry for the establishment of the corporation in the Union Territory of Ladakh, which was recommended by the Committee on Establishment Expenditure (CEE), Ministry of Finance in April, 2021.

About Integrated Multi-purpose infrastructure Development Corporation

  • The Cabinet also approved the creation of one post of Managing Director, for the corporation in the pay scale of Rs.1,44,200- Rs.2,18,200level.
  • The authorized share capital of the Corporation will be Rs.25 crore and recurring expenditure will be around Rs. 2.42 crore per year. It is a new establishment. Presently, there is no such similar organization within the newly formed UT of Ladakh. The approval has an inherent potential for employment generation as the corporation will be undertaking various kinds of developmental activities. Corporation will work for industry, tourism, transport and marketing of local products and handicraft. Corporation will also work as main construction agency for infrastructure development in Ladakh.
  • The establishment of corporation will result in inclusive and integrated development of the Union Territory of Ladakh. This will, in turn, ensure socio-economic development of the entire region and population of the Union Territory.
  • The impact of development will be multi-dimensional. It will help in further development of human resources and better utilization thereof. It increases domestic production of goods and services and will facilitate their smooth supply. Thus, the approval will help in realizing the goal of Atmanirbhar Bharat.

Click here for bifurcation of J&K into 2 UTs.

Source: PIB


Demography Of India

Demography Of India In 2022, China will see an absolute population loss for the first time, and by 2023, when India's population reaches 1,428.63 million, it will have surpassed China's 1,425.67 million. What Influences Population Change? TFR: Total Fertility Rate In the past three decades, TFR has decreased for India.

Election Commission Of India

Election Commission Of India The Chief Election Commissioners' terms have decreased from more than eight years in the 1950s to less than three hundred days since 2004, according to a recent ruling by the Supreme Court, which asserted that the government only declares its support for the independence of election commissioners on the lips.

Climate Change Performance Index 2023

Climate Change Performance Index 2023 The Climate Change Performance Index (CCPI) 2023 places India eighth. India was ranked tenth in the CCPI 2022. What is the CCPI? Since 2005, Germanwatch, the New Climate Institute, and the Climate Action Network have published an annual report. It is an independent monitoring tool for track

Coal: Dominant energy source in India

 Coal: Dominant energy source in India Despite efforts to transition to renewable energy, coal will continue to be India's dominant energy source. What is the country's current energy capacity? According to Climate Action Tracker projections, fossil fuel accounts for more than half of the country's installed energy capa

Norms to Prevent False Online Reviews

Norms to Prevent False Online Reviews The Department of Consumer Affairs recently announced new regulations to protect consumers from "false and misleading reviews." It is part of the Bureau of Indian Standards norms, which will go into effect on November 25. Important Guidelines: E-commerce platforms will be required t

Toppers

Search By Date

Newsletter Subscription
SMS Alerts