The writer is the former finance minister of J&K
While the Constitution explicitly provides for expansion, “such other territories as may be acquired”, there is no provision for Parliament to reduce the territory of India. Yet that is precisely what the Constitution Order 2019 has done. This in itself is a sufficient ground for it to be struck down by the Supreme Court.
The essence of LoC trade was to extend the familial and social interconnectedness into the arena of business and commerce. To start with, this trade was meant to result in interaction between people and help build partnerships across the two parts of J&K.
It became law through a constitutional process. Its repeal will be a blow to federal India
The incentive system and reward scheme for killing militants in Kashmir must be scrapped and a holistic surrender and rehabilitation policy needs to be put in place.
But RBI-government relationship needs to be managed in a changed macroeconomic policy regime.