{"id":120749,"date":"2021-07-23T19:15:01","date_gmt":"2021-07-23T13:45:01","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=120749"},"modified":"2021-07-24T11:02:09","modified_gmt":"2021-07-24T05:32:09","slug":"cabinet-approves-establishment-of-an-integrated-multi-purpose-corporation-for-ladakh","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/cabinet-approves-establishment-of-an-integrated-multi-purpose-corporation-for-ladakh\/","title":{"rendered":"Cabinet approves establishment of an Integrated Multi-purpose Corporation for Ladakh"},"content":{"rendered":"<p><strong>Source: <\/strong><strong><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1737736\">PIB<\/a><\/strong><\/p>\n<h5><strong>What is the News?<\/strong><\/h5>\n<p>The Union Cabinet has approved the establishment of Integrated Multi-purpose Infrastructure Development Corporation for the Union Territory of Ladakh.<\/p>\n<h5><strong>Background:<\/strong><\/h5>\n<ul>\n<li><strong>After the re-organisation <\/strong>of the erstwhile State of Jammu and Kashmir as per the Jammu and Kashmir(J&amp;K) Reorganisation Act, 2019, the Union Territory of Ladakh (without Legislature) came into existence in October 2019.<\/li>\n<li><strong>As per Section 85 of the J&amp;K Act, <\/strong>an Advisory Committee was constituted. It will recommend the apportionment of the assets and liabilities of the erstwhile State of Jammu and Kashmir between Jammu and Kashmir and Ladakh.<\/li>\n<li><strong>The Committee <\/strong>then recommended the establishment of an Integrated Infrastructure Development Corporation Ltd., similar to the Andaman &amp; Nicobar Islands Integrated Development Corporation Ltd (ANIIDCO).<\/li>\n<\/ul>\n<h5><strong>About Integrated Multi-purpose infrastructure Development Corporation:<\/strong><\/h5>\n<ul>\n<li><strong>The Corporation <\/strong>has been established with an aim to bring in development in Ladakh and boost the Atma Nirbhar Bharat Abhiyan in the Union Territory.\n<ul>\n<li><strong>Presently<\/strong>, there is no such similar organization within the newly formed Ladakh.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Key Functions of the Corporation: <\/strong><\/p>\n<ul>\n<li><strong>Firstly, <\/strong>the corporation will work as the main construction agency for infrastructure development in the UT of Ladakh.<\/li>\n<li><strong>Secondly<\/strong>, it will work for industry, tourism, transport, and marketing of local products and handicrafts. This will in turn ensure the socio-economic development of Ladakh.<\/li>\n<li><strong>Thirdly, <\/strong>it will also aim to increase domestic production of goods and services and will facilitate their smooth supply. This will give a boost to the Atma Nirbhar Bharat Abhiyan.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: PIB What is the News? The Union Cabinet has approved the establishment of Integrated Multi-purpose Infrastructure Development Corporation for the Union Territory of Ladakh. Background: After the re-organisation of the erstwhile State of Jammu and Kashmir as per the Jammu and Kashmir(J&amp;K) Reorganisation Act, 2019, the Union Territory of Ladakh (without Legislature) came into&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/cabinet-approves-establishment-of-an-integrated-multi-purpose-corporation-for-ladakh\/\">Continue reading <span class=\"screen-reader-text\">Cabinet approves establishment of an Integrated Multi-purpose Corporation for Ladakh<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[8584],"class_list":["post-120749","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-integrated-multi-purpose-infrastructure-development-corporation","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704796882},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/120749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=120749"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/120749\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=120749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=120749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=120749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}