During the Lok Sabha session Union Minister of State for Home Affairs, G. Kishan Reddy said on Tuesday, December 3 that the people and the business community from the Union Territories of Jammu and Kashmir and Ladakh can now realise the full potential in all economic sectors like in other parts of the country after the abrogation of Article 370. 

G Kishan Reddy
Reddy cautioned that despite the recent elimination of Islamic State chief Abu Bakr Al-Baghdadi, there was no room to construe that the Caliphate would cease to survive.IANS

Reddy said this in a written reply to a question regarding the economic situation in the Kashmir Valley in the Lok Sabha. The Minister added that full potential of economy in Jammu, Kashmir and Ladakh regions could not be realised for the last 70 years as the people of Jammu and Kashmir have suffered from terrorist violence and separatism supported from across the border for the past many decades.

63 major development projects underway

Reddy further said that under the Rs 80,068 crores Prime Minister's package announced on November 7, 2015, 63 major development projects in various sectors like road, power, health, tourism, agriculture, horticulture and skill development were underway. He said that they are "under various stages of implementation". Many flagship schemes of the Government including the individual beneficiary centric schemes are being "proactively implemented" by the Centre, added Reddy.

Indian Army
Indian security personnel stands guard in Srinagar, Jammu and Kashmir.Reuters

Central Board of Direct Taxes (CBDT) had extended the due date of filing of returns of income tax in respect of all categories of Income Tax assessee in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh till November 30, 2019 -  Union Minister of State for Home Affairs, G. Kishan Reddy

Hailing the abrogation of Article 35A, he said it came in the way of the people of this region in realising their full rights which are enshrined in the Constitution of India. India abrogated Article 370 and Article 35A on August 5 this year.