Tag: Doda

Ahead Of Event, ‘G20 Balloon’ Flies In Srinagar

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SRINAGAR: As Srinagar prepares to host an international event at the end of this month, a G20 air balloon has been seen flying over the city, catching the attention of passersby.
According to reports, the Tourism Department has launched the air balloon ahead of the event, which features the words “G20-2023 India.”
Secretary of Tourism, Syed Abid Rasheed Shah, stated that the balloon has been put up by the department as part of the branding exercise for the event.
In addition, several other measures and initiatives have been implemented as a prelude to the event.
Earlier, the Tourism Department organized a “G20 Model Summit” with students from different schools, colleges, and universities participating.
It is important to note that the Jammu and Kashmir government is working tirelessly to ensure that the G20 tourism group meeting in Srinagar is a great success and promotes Kashmir as a global tourism destination. (KNO)

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#Ahead #Event #G20 #Balloon #Flies #Srinagar

( With inputs from : kashmirlife.net )

May 5, 2023
Tourist Hotspot Gulmarg Hit by Alarming Surge in Fraud and Counterfeit Tickets

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by Syed Shadab Ali Gillani
SRINAGAR: In the Kashmir division of the UT, cases of cybercrime and online fraud have been surging with great intensity, causing distress to not only individuals but also organizations and sectors.
In a shocking incident, 11 tourists from Gujarat were apprehended in Gulmarg, the globally acclaimed ski resort located in North Kashmir, as they attempted to sneak through the cableway Gondola using counterfeit and altered tickets.
The authorities were previously stunned when they caught 28 tourists from Mumbai in April, who were found with bogus Gondola tickets in Gulmarg. It was later revealed that these tourists were provided with fake tickets by their tour operator in Mumbai.
In an official statement, a spokesperson of Jammu and Kashmir Cable Car Corporation (JKCCC) said that the ticket scanning team of Gulmarg Gondola Project caught a group of 28 passengers from Mumbai at the scanning point of Gulmarg Gondola station. “These passengers were carrying edited fake tickets through their tour Manager Makrand Anand Ghanekar S/o Anand Ghanekar of Mumbai,” reads the statement.
Miscreants sell fake Gondola tickets aiming to ruin the reputation of the tourist site, affecting citizens involved in Gulmarg tourism. Locals now want the ticketing system converted back to offline mode to limit illegal sales.
President Guide Association Gulmarg, Manzoor Lone, said that online tickets affected 80 percent of the livelihood of tourist guides in Gulmarg. Lone said that online ticketing has hampered their ability to support themselves. People working as tourist guides in Gulmarg and at ticket counters, who were accommodated by offline ticketing, are now facing the consequences.
“Earlier we used to have 30% of the quota, but when the system was switched to online mode, the quotas were removed, which resulted in many problems,” he claimed, “that when the system was converted to online one, we were not taken into account.”

Presently, there are 918 people who are all enrolled members of the Gulmarg Guide Association. “As of now, offline ticketing is also happening, although Gulmarg officials have been referring to it as VIP quota. There are 400 offline ticket reservations. Due to their inability to cope up with the situation and make a living out of it, some guides have been compelled to engage in black marketing of tickets, though we are against them and don’t support such acts,” stated Lone.
Manzoor claimed that though this issue has been discussed with the higher authorities of the J&K UT, no action was taken.
A tourist guide, on grounds of anonymity, said, “I and many other guides like me, we are facing the brunt of the online ticketing system, and we want the government to look into this matter as soon as possible.”
Despite multiple calls, Ghulam Jeelani Zargar, CEO of the Gulmarg Development Authority and Managing Director of the JK Cable Car Corporation, did not respond.

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#Tourist #Hotspot #Gulmarg #Hit #Alarming #Surge #Fraud #Counterfeit #Tickets
( With inputs from : kashmirlife.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
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
Four Year Old Dies After Being Hit By Truck

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SRINAGAR: A four-year-old boy died on Friday after he was hit by a truck in the Batamaloo area of Srinagar.
According to an official, the incident occurred in the Tengpora area of Batamaloo, resulting in serious injuries to the boy. He was immediately rushed to JVC Hospital in Bemina, but was declared dead upon arrival.
The boy has been identified as Uzair Ahmad, son of Mohammad Arif Choudhary of Hamdania Colony in Bemina.
The police have taken cognizance of the incident.(KNO)

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#Year #Dies #Hit #Truck
( With inputs from : kashmirlife.net )

May 5, 2023
Rajouri Gunfight: Three Injured Soldiers Succumb, Toll Five

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SRINAGAR: Three soldiers injured in a gunfight with militants have succumbed, taking the death toll to five, the army said.
An army spokesman said that three soldiers, who were injured in the ongoing operation in the morning succumbed to their injuries at Command Hospital Udhampur.
Earlier in the day, Army in a statement had stated that two soldiers were killed while three others WERE injured after militants triggered an explosive during the anti-militancy operation in Kandi forest area.
Encounter broke out between militants and security forces in Kandi forest area in Rajouri district today morning.
Following the fierce gunfight internet services were also suspended in the area as a precautionary measure.

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#Rajouri #Gunfight #Injured #Soldiers #Succumb #Toll
( With inputs from : kashmirlife.net )

May 5, 2023