Article 370: Economical Benefits to India & 10 Key Changes in J&K
The historic judgement of abolishing article 370 that government of India announced today (05August2019) has made the entire country joyous today. Jammu & Kashmir which earlier had SPECIAL status will now be considered as a Union Territory.
But do you know, what changes will be seen in Jammu and Kashmir?
This article will help readers who want to know, benefits of abolishing article 370. The article summarizes the revolutionary changes that will be seen in J&K. And how it will benefit India financially and other ways.
Change-1: Buying land or property: Earlier Indian citizens from other other states were not allowed to buy land or property in J&K. But now people from other states will be able to purchase land or property in J&K. This eventually means more and more development in Jammu and Kashmir i.e. benefits for Indians and ultimately the government economically. J&K being a beautiful state, tourism will flourish in the region and so would be the agriculture industry, which has been the backbone of the state. Of course, this will take time. So the medium and long term growth in this region will definitely prosper.
Change-2: Dual Citizenship: Individuals from J&K will now have only a single citizenship. Earlier they’d dual citizenship; one in J&K and other one in India.
Change-3: Article 360: i.e. Financial emergency which was not applicable will be applicable now. i.e. emergency can be declared now.
Change-4: Reservation: Earlier there was no reservation for the minorities such as Hindus and Sikhs. But after the scrapping of article 370, minorities will be eligible for 16% reservation. This eventually means quality of jobs will further improve i.e. high quality output from the service industry.
Change-5: Special Powers: Until now, special powers were exercised by J&K. But from now on, no special powers will be given.
Change-6: Right to Information (RTI): RTI will be applicable now onwards. Earlier RTI was not applicable to the people from J&K.
Change-7: Assembly duration: Earlier the duration of legislative assembly was 6 years. But now assembly duration in Union Territory of J&K will be for 5 years. i.e. Elections will be held every 5 years.
Change-8: Women’s Rights: If a woman from J&K marries out of state, she would lose the citizenship of the state. But now onwards, if a woman marries out of state or country, she will retain all her rights and Indian citizenship.
Change-9: Panchayat Rights: Earlier Panchayats did not have any rights in the state of J&K. But now, similar to other states, Panchayats will have the same rights.
Change-10: Right to Education: Right to Education (RTE) was not applicable before. But now children in the state will benefit from RTE. Now private institutions can be setup and quality of education will also improve. Education sector will not be discriminated and will open up for all Indians.
Hi, I am Nikesh Mehta owner and writer of this site.
I’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business.