https://www.taxtmi.com/news?id=34158 The Centre affirms that statehood for Jammu and Kashmir will be restored "in due course" with a future demarcation of powers between the lieutenant governor and any elected chief minister, but offers no timeline. The territory currently functions as a Union Territory with the lieutenant governor as administrative head alongside an elected government. The Waqf (Amendment) Bill is presented as a transparency measure for management of Muslim properties with reported political support. Budget allocations for the Union Territory are set according to current spending capacity, while targeted reliefs for horticulture, handicrafts, and industry promotion are highlighted. en-us Sat, 15 Feb 2025 13:01:04 +0530 Sat, 15 Feb 2025 13:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34158 The Centre affirms that statehood for Jammu and Kashmir will be restored "in due course" with a future demarcation of powers between the lieutenant governor and any elected chief minister, but offers no timeline. The territory currently functions as a Union Territory with the lieutenant governor as administrative head alongside an elected government. The Waqf (Amendment) Bill is presented as a transparency measure for management of Muslim properties with reported political support. Budget allocations for the Union Territory are set according to current spending capacity, while targeted reliefs for horticulture, handicrafts, and industry promotion are highlighted. News - Sat, 15 Feb 2025 13:01:04 +0530 https://www.taxtmi.com/news?id=34158