Category: Kashmir

All 05 Medical Colleges & AHs to be complete by year end: CS

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SRINAGAR, MAY 05: During a review of the progress of works on all the newly established Medical Colleges across J&K besides the ongoing work on the two All India Institutes of Medical Sciences (AIIMS) being established at Vijaypur (Jammu) and Awantipora (Kashmir) here with Chief Secretary, Dr Arun Kumar Mehta , it was stated that all five Medical colleges approved during phase one shall be completed before end of the financial year.
The meeting was attended by Secretary, Health; MD, JKPCC; Chief Engineers of PWD Kashmir/Jammu besides other concerned officers.
It was impressed upon all concerned to complete all the pending works of Colleges such as Academic, Administrative and Hostel Blocks by June this year and finish works of all Associated Hospitals (AHs) by the year end. It was emphasized that the academic and medical activities at these colleges should not get affected in any way.
The progress of two new Medical Colleges being established at Udhampur and Handwara (Kupwara) was also discussed. It was stressed that necessary steps be completed for starting academic activities there.
The meeting was informed that the Academic, Administrative and Hostel blocks at all the earlier sanctioned 05 Medical Colleges are nearing completion and only few minor works are under progress to be completed at an earliest. It was further added that the work on Udhampur College has been taken in hand recently and the tenders for Handwara College have been opened and contract would be awarded soon.
Moreover it was added that with the operationalization of these 05 New Medical Colleges in Phase-I, the intake capacity of MBBS seats in the UT has increased from 500 to 1100 seats annually. The intake capacity is expected to further increase to 1300 MBBS seats this year with the start of academic session in GMC Udhampur and Handwara sanctioned under Phase-III of Centrally Sponsored Scheme for Establishment of Medical Colleges. The Letter of Permission (LoP) has been received in favour of GMC Udhampur and Handwara for 100 MBBS seats each recently from the National Medical Commission. Additionally, two new AIIMS at Vijaypur and Awantipora shall add another 200 MBBS seats.
The meeting further deliberated upon the status of two AIIMS level Hospitals being established at Vijaypur (Samba) and Awantipora (Pulwama). It was said that the AIIMS, Vijaypur is all set to be dedicated to public by October this year and AIIMS, Awantipora by 2025 after 34 more acres of land were provided to the institute for its updated design.

It is pertinent to mention here that the medical infrastructure and education has been given a major push during the past couple of years. Besides these 07 Medical Colleges and 2 AIIMS level Institutions, 07 new Nursing Colleges shall also be set up across the UT. Further, the District and Sub-District Hospitals are given being given adequate manpower in addition to other infrastructure required for providing quality health care to public.

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#Medical #Colleges #AHs #complete #year
( With inputs from : roshankashmir.net )

May 5, 2023
High Court’s Order On Vehicle Re-Registration Implemented In JK, Details Here

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SRINAGAR: The Jammu and Kashmir High Court’s judgment in Case WP(C) 669/2021 titled Zahoor Ahmad Bhat vs. Govt of J&K and Ors, regarding the re-registration of vehicles from outside Jammu & Kashmir, has been implemented by the Transport Department. As a result, the contempt petition (CCP (D) 16/2021) filed against the Department officials for non-compliance with the judgment has been closed.
According to Shahnawaz Bukhari, RTO Kashmir, this issue was raised two years ago, and more than 99% of cases are pending where a seller outside the UT transfers a car to a buyer in Kashmir, and Section 50 of the MV Act is applicable. In the case of Zahoor Ahmad Bhat, who owned a car in Delhi and changed his residence to Kashmir, section 49 of the MVA is applicable, and a case has also been filed in the Supreme Court of India in this regard.
Bukhari explained that the department is taking 9% token charges proportionate to the remaining life of the car. If someone sells the car after 11 years of its life, the department would charge proportionately to the remaining life of the vehicle. He added that owners could claim a proportionate refund from the previous state/UT, so there is no question of double tax.
He further added that the department’s intention was to provide relief to the 99% of car owners entangled in this issue. The Division Bench of the High Court, comprising Chief Justice N. Kotiswar Singh and Justice Moksha Qazmi, issued the order closing the contempt proceedings on May 3, 2023, at the petitioner’s request. The Transport Department’s compliance with the court’s judgment dated April 29, 2021, in the petitioner’s case was noted, leading to the closure of the contempt proceedings.
The closure of the proceedings will put an end to the long-drawn legal battle and provide much-needed relief, especially to those who purchased cars for commercial purposes.

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#High #Courts #Order #Vehicle #ReRegistration #Implemented #Details

( With inputs from : kashmirlife.net )

May 5, 2023
Jk Bank Nets Rs 1197 Cr Profit, Highest In Eight Years

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SRINAGAR: Adding a historic milestone to its remarkable journey, JK Bank recorded Rs 1197 Cr as net profit for the FY 2022-23 as the Bank’s highest-ever annual profit. Along with a decadal-high Capital Adequacy Ratio (CRAR) of 15.39% and eight-year best gross NPA figure at 6.04%, the Bank also registered its best-ever Q4 profit of Rs 476 Cr to successfully deliver its better-than-promised annual and quarterly performance.
The bank declared its annual and Q4 results today after its Board of Directors approved the numbers in a meeting held here at the bank’s Corporate Headquarters.
Performance Highlights
Aided by good recoveries, J&K Bank today delivered its best-ever net profit of Rs 1197 Cr for the FY 2022-23 and registered Rs 476 Cr as net profit for the January-March quarter of the FY 2022-23.
With Net Interest Margin (NIM) for the FY 2022-23 at 3.89 % against 3.50% recorded last year, the Bank’s operating income increased by 18% YoY to Rs 5502 Cr while as the other Net Interest Income (NII) grew 21% YoY to Rs 4745 Cr.
Bank’s Yield on Advances rose annually to 8.91% from 8.32%, while as the CD and CASA ratios stood at 67.43% and 54.10% respectively for the reviewed financial year.
Asset-Quality

The Bank’s gross and net NPA as percentages to gross and net advances improved considerably to 6.04% and 1.62% respectively when compared to 8.67 % and 2.49%, recorded last year.

The Bank’s Return on Assets jumped from 0.42% to 0.89% for the FY 2022-23, while as the NPA Coverage Ratio of the Bank improved to 86.20% against 84.26% recorded a year ago.
Capital-Cushion
After raising over Rs 1021 Cr as (tier-II) capital and significant internal accruals during the FY 2022-23, the Bank’s Capital Adequacy Ratio witnessed marked improvement of 216 bps to 15.39% from 13.23% recorded last year; thereby ensuring adequate availability of capital to support business growth while maintaining the regulatory buffer comfortably.
Business Growth
With advances growth outpacing the increase in deposits, the Bank’s advances grew by 17% to Rs 82285 Cr while as the deposits increased by around 6% to Rs 122038 Cr posting growth of 10% in the overall business of the Bank.
MD&CEO-Speak
Commenting upon the annual numbers, MD & CEO Baldev Prakash said, “With historic yearly profit, highest-ever quarterly net, decadal high CRAR, best asset-quality figures over last 8 years; it’s a great feeling to deliver better-than-promised annual numbers. I feel completely satisfied to see that we have gotten better at operating our business efficiently.”
“Looking back to March 2022 with these set of numbers, I see an unmistakable shift in performance as well as the functioning of Bank. Right from financials, operations and business to compliance and vastly improved corporate governance, the leap from turn-around to transformation is quite perceptible as well as promising”, he added.
Attributing the accomplishment to Bank staff, MD & CEO said, “I am happy to dedicate this historic and resounding success to the entire J&K Bank family that once again rose to the occasion and honoured the trust of all our stakeholders including customers by achieving most of the targets while improving upon the everyday functioning of the Bank”, adding, “I also express my profound gratitude to our patrons and promoters i.e. J&K Government and Ladakh Administration for their support and guidance throughout this journey.”
Regarding the marked improvement in CAR and GNPAs, MD stated, “Keeping thrust on strengthening the Balance Sheet by way of capital augmentation and NPA reduction, we have achieved Asset Quality figures that are the best in last eight years along with a decadal high CRAR.”
“Post-revamp of business strategy to reduce concentration risk, our loan book in ROI has already grown by above 20% during FY 2022-23 consequently improving the contribution of ROI loan book to 32% of total advances of the Bank”, said the MD on Bank’s sharpening focus on business in rest of the country.
He further said, “While making our balance-sheet stronger on daily basis, we have now entered into a progressive-phase wherein business-growth coupled with process excellence is all set to yield better returns for all stakeholders of the Bank. To ensure ease of banking for our clients, we have already enabled around 4 Lac customers on STP Platform for retail-loan processing with a turn-around-time of just 2-minutes, which has helped in reducing the footfall at branches drastically”, while adding, “With many cutting-edge technological solutions like Customer Relationship Management, WhatsApp banking, Cloud Application along with Artificial Intelligence & Machine Learning based Analytics at advanced stages of completion, I see J&K Bank well on its path to become one of the most agile, efficient and digitally smarter banks in the country soon.”

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#Bank #Nets #Profit #Highest #Years
( With inputs from : kashmirlife.net )

May 5, 2023
Jk Bank Nets Best Ever Profit Of Rs 1197 Cr, Records Good Recoveries

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SRINAGAR: Adding a historic milestone to its remarkable journey, JK Bank recorded Rs 1197 Cr as net profit for the FY 2022-23 as the Bank’s highest-ever annual profit. Along with a decadal-high Capital Adequacy Ratio (CRAR) of 15.39% and eight-year best gross NPA figure at 6.04%, the Bank also registered its best-ever Q4 profit of Rs 476 Cr to successfully deliver its better-than-promised annual and quarterly performance.
The bank declared its annual and Q4 results today after its Board of Directors approved the numbers in a meeting held here at the bank’s Corporate Headquarters.
Performance Highlights
Aided by good recoveries, J&K Bank today delivered its best-ever net profit of Rs 1197 Cr for the FY 2022-23 and registered Rs 476 Cr as net profit for the January-March quarter of the FY 2022-23.
With Net Interest Margin (NIM) for the FY 2022-23 at 3.89 % against 3.50% recorded last year, the Bank’s operating income increased by 18% YoY to Rs 5502 Cr while as the other Net Interest Income (NII) grew 21% YoY to Rs 4745 Cr.
Bank’s Yield on Advances rose annually to 8.91% from 8.32%, while as the CD and CASA ratios stood at 67.43% and 54.10% respectively for the reviewed financial year.
Asset-Quality

The Bank’s gross and net NPA as percentages to gross and net advances improved considerably to 6.04% and 1.62% respectively when compared to 8.67 % and 2.49%, recorded last year.

The Bank’s Return on Assets jumped from 0.42% to 0.89% for the FY 2022-23, while as the NPA Coverage Ratio of the Bank improved to 86.20% against 84.26% recorded a year ago.
Capital-Cushion
After raising over Rs 1021 Cr as (tier-II) capital and significant internal accruals during the FY 2022-23, the Bank’s Capital Adequacy Ratio witnessed marked improvement of 216 bps to 15.39% from 13.23% recorded last year; thereby ensuring adequate availability of capital to support business growth while maintaining the regulatory buffer comfortably.
Business Growth
With advances growth outpacing the increase in deposits, the Bank’s advances grew by 17% to Rs 82285 Cr while as the deposits increased by around 6% to Rs 122038 Cr posting growth of 10% in the overall business of the Bank.
MD&CEO-Speak
Commenting upon the annual numbers, MD & CEO Baldev Prakash said, “With historic yearly profit, highest-ever quarterly net, decadal high CRAR, best asset-quality figures over last 8 years; it’s a great feeling to deliver better-than-promised annual numbers. I feel completely satisfied to see that we have gotten better at operating our business efficiently.”
“Looking back to March 2022 with these set of numbers, I see an unmistakable shift in performance as well as the functioning of Bank. Right from financials, operations and business to compliance and vastly improved corporate governance, the leap from turn-around to transformation is quite perceptible as well as promising”, he added.
Attributing the accomplishment to Bank staff, MD & CEO said, “I am happy to dedicate this historic and resounding success to the entire J&K Bank family that once again rose to the occasion and honoured the trust of all our stakeholders including customers by achieving most of the targets while improving upon the everyday functioning of the Bank”, adding, “I also express my profound gratitude to our patrons and promoters i.e. J&K Government and Ladakh Administration for their support and guidance throughout this journey.”
Regarding the marked improvement in CAR and GNPAs, MD stated, “Keeping thrust on strengthening the Balance Sheet by way of capital augmentation and NPA reduction, we have achieved Asset Quality figures that are the best in last eight years along with a decadal high CRAR.”
“Post-revamp of business strategy to reduce concentration risk, our loan book in ROI has already grown by above 20% during FY 2022-23 consequently improving the contribution of ROI loan book to 32% of total advances of the Bank”, said the MD on Bank’s sharpening focus on business in rest of the country.
He further said, “While making our balance-sheet stronger on daily basis, we have now entered into a progressive-phase wherein business-growth coupled with process excellence is all set to yield better returns for all stakeholders of the Bank. To ensure ease of banking for our clients, we have already enabled around 4 Lac customers on STP Platform for retail-loan processing with a turn-around-time of just 2-minutes, which has helped in reducing the footfall at branches drastically”, while adding, “With many cutting-edge technological solutions like Customer Relationship Management, WhatsApp banking, Cloud Application along with Artificial Intelligence & Machine Learning based Analytics at advanced stages of completion, I see J&K Bank well on its path to become one of the most agile, efficient and digitally smarter banks in the country soon.”

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#Bank #Nets #Profit #Records #Good #Recoveries
( With inputs from : kashmirlife.net )

May 5, 2023
Tourist From Bangalore Dies In Gulmarg

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SRINAGAR: A tourist from Bangalore died in Gulmarg area of North Kashmir Baramulla district on Friday.
An official told news agency—Kashmir Scroll that a lady tourist namely Jyothsana wife of Narayan Talkad resident of Banglore fell unconscious during Gandola ride in Gulmarg.
He said tourist was taken for medical check up to PHC Gulmarg where doctors declared her brought dead.
Inquest proceedings have been started in this regard, he said—(KS)

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#Tourist #Bangalore #Dies #Gulmarg
( With inputs from : kashmirlife.net )

May 5, 2023
LeT Militant Associate Held Along With Arms And Ammunition: Police

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SRINAGAR: Police on Friday said that it arrested one militant associate of Lashkar-i-Toiba outfit along with arms and ammunition at Tulran Imamsahib in South Kashmir’s Shopian district.
Quoting officials, GNS reported that during naka checking at Tulran Nagissharan area, a joint team of Police and CRPF intercepted one person identified as Mohd Asghar Dar son of Mohd Amin resident of Nagisharan.
From his possession, one pistol, one magazine and 8 rounds were recovered. Meanwhile, a case under relevant sections has been registered in the concerned police station. (GNS)

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#Militant #Associate #Held #Arms #Ammunition #Police
( With inputs from : kashmirlife.net )

May 5, 2023
LeT Militant Associate Held Along With Arms And Ammunition in Shopian: Police

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Srinagar, May 05: Police on Friday said that it arrested one militant associate of Lashkar-i-Toiba oufit along with arms and ammunition at Tulran Imamsahib in South Kashmir’s Shopian district.
Official sources told GNS that during naka checking at Tulran Nagissharan area, a joint team of Police and CRPF intercepted one person identified as Mohd Asghar Dar son of Mohd Amin resident of Nagisharan.
From his possession, one pistol, one magazine and 8 rounds were recovered. Meanwhile, a case under relevant sections has been registered in the concerned police station.(GNS)
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#Militant #Associate #Held #Arms #Ammunition #Shopian #Police
( With inputs from : roshankashmir.net )

May 5, 2023
Two JeM Militant Associates Arrested, Arms And Ammunition Recovered: Police

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SRINAGAR: Police on Friday claimed to have arrested two Jash-e-Mohammad militant associates in South Kashmir’s Awantipora.
In a handout, the police said that based on a specific input, an operation was carried out on 04/05/23 by joint parties of J&K police, 42 RR, 03 RR & 180 Bn CRPF leading to arrest of 02 militant associates namely Bashir Ahmad and Gulzar Ahmad residents of Tral Awantipora. On whose disclosure, the following recoveries were made one AK-56, oneAK Magazine, 55 AK live Rounds, 4 Pistol, 6 Pistol Magazines, 24 Pistol live.
According to police spokesman, a case FIR U/S of Unlawful Activities (Prevention) Act (UAPA), Explosive Substances Act and Arms Act stands registered in Police Station Tral and investigation taken up.
The timely arrest with arms and ammunition has averted militant attacks like targeted killings in Awantipora/ adjoining areas, as well as avoided the nefarious designs of JeM to recruit young boys for their illegal/Unlawful Activities, reads the statement.(GNS)

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#JeM #Militant #Associates #Arrested #Arms #Ammunition #Recovered #Police
( With inputs from : kashmirlife.net )

May 5, 2023
Two JeM Militant Associates Arrested in Awantipora, Arms And Ammunition Recovered: Police

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Srinagar, May 5: Police on Friday claimed to have arrested two Jash-e-Mohammad militant associates in South Kashmir’s Awantipora.
In a handout to GNS, the police said that based on a specific input, an operation was carried out on 04/05/23 by joint parties of J&K police, 42 RR, 03 RR & 180 Bn CRPF leading to arrest of 02 militant associates namely Bashir Ahmad and Gulzar Ahmad residents of Tral Awantipora.On whose disclosure, the following recoveries were made one AK-56, oneAK Magazine, 55 AK live Rounds, 4 Pistol, 6 Pistol Magazines, 24 Pistol live.
According to police spokesman, In this regard, a case FIR U/S of Unlawful Activities (Prevention) Act (UAPA), Explosive Substances Act and Arms Act stands registered in Police Station Tral and investigation taken up.
The timely arrest with arms and ammunition has averted militantt attacks like targeted killings in Awantipora/ adjoining areas, as well as avoided the nefarious designs of JeM to recruit young boys for their illegal/Unlawful Activities, reads the statement.(GNS)
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#JeM #Militant #Associates #Arrested #Awantipora #Arms #Ammunition #Recovered #Police
( With inputs from : roshankashmir.net )

May 5, 2023
Dr Darakhshan Andrabi calls on Lt Governor

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SRINAGAR, MAY 05: Dr Darakhshan Andrabi, Chairperson, J&K Waqf Board called on Lieutenant Governor Shri Manoj Sinha at Raj Bhawan, today.
Dr Andrabi discussed with the Lt Governor the developmental works & reformative measures taken by the Board, particularly in education sector and to boost the religious tourism through coordinated projects of Waqf Board, Tourism & other departments. She also apprised the Lt Governor on various issues of public importance.
The Lt Governor assured Dr Andrabi of all possible support of the government departments in the future endeavours of the Waqf Board.
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#Darakhshan #Andrabi #calls #Governor
( With inputs from : roshankashmir.net )

May 5, 2023