Discuss the nature of Jammu and Kashmir Legislative Assembly after the Jammu and Kashmir Reorganization Act, 2019. Briefly describe the powers and functions of the Assembly of the Union Territory of Jammu and Kashmir.
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On September 25, 2026, the Jammu and Kashmir High Court delivered a significant ruling in the long-standing Jammu and Kashmir Cricket Association (JKCA) money laundering case, dismissing the Enforcement Directorate's (ED) plea to add fresh charges against former Chief Minister Farooq Abdullah. Justice Sanjay Parihar, presiding over the matter, stated that the material presently available did not provide sufficient grounds to justify the inclusion of additional charges under Sections 411 and 424 of the Ranbir Penal Code. This judicial intervention marks a pivotal moment in a case that has been under scrutiny for over a decade, emphasizing the requirement for rigorous evidence when central agencies seek to escalate proceedings.
On September 27, 2026, the United Forum of Bank Unions (UFBU) announced the deferral of a planned three-day nationwide strike following productive negotiations with the Indian Banks’ Association (IBA). The strike, intended to press for the declaration of all Saturdays as public holidays, was paused after both parties reached a mutual understanding to form a high-level committee to resolve the issue. This development highlights the continued relevance of structured bipartite negotiations in maintaining industrial stability within the public sector banking framework, even as the sector undergoes significant technological transformation.