CURRENT AFFAIRS

Detailed explanation-1: -In a historic achievement, Jammu & Kashmir became the first Union Territory to be onboarded the National Single Window System (NSWS). This marks a major leap in Ease of Doing Business (EoDB) in the Union Territory.

Detailed explanation-2: -The Single Window Clearance System was formed as a consequence to Jammu and Kashmir Single Window (Industrial Investments and Business Facilitation) Act, 2018 (Act No. 10 of 2018) to provide necessary time bound license, permissions and sanctions for the establishment of industry in the UT of Jammu and Kashmir.

Detailed explanation-3: -At the same time, a reorganisation act was also passed, which would reconstitute the state into two union territories, Jammu and Kashmir and Ladakh. The reorganisation took effect from 31 October 2019.

Detailed explanation-4: -The National Single Window System (NSWS) is a digital platform to guide you in identifying and applying for approvals according to your business requirements. The Know Your Approvals (KYA) module includes guidance for 32 Central Departments and 31 States.

Detailed explanation-5: -National Single Window System for Investors and Businesses Launched by Shri Piyush Goyal.