Tag: Kashmir News

FCIK Congratulates JK Bank For Making All-Time High Profit

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SRINAGAR: The Federation of Chambers of Industries Kashmir (FCIK) congratulated JK Bank for making an all-time high net profit of 1197 Crores in the last financial year besides improving significantly upon all other banking parameters.
In a statement FCIK while attributing the remarkable achievement of the bank to its dedicated and hardworking management and staff, the apex industrial body said that the bank has improved its outlook towards accelerated regrowth of the J&K economy and high-end sustainability.
FCIK equally attributed the success and achievement of J&K Bank to its loyal depositors from Jammu, Kashmir and Ladakh whose deposits accounted for 88.20% of total deposits of Rs.122038 Crores with 6% growth from the last year. FCIK observed that this deposit profile has played an important role in maintaining the margins of the bank as the cost of these deposits stood at one of the lowest rates amoung the Indian scheduled commercial banks, implying lower than peers’ deposit costs @ 3.67%.
“Such a gesture depicted and displayed an emotional bonding of the people of UTJKL with the bank since its inception in 1938 which needed to be respected, maintained and enhanced further.
“The achievement is also attributed to the borrowers of the bank who have obtained loans from the bank and returned the same with one of the highest interest rates among the Indian scheduled commercial banks” observed FCIK adding that the bank might have been within its right to cover prevalent risk factors while overcharging their borrowers during turbulent times when all other banks had backed out from flowing credit to various economic sectors including MSMEs.
“Although the improvement upon Credit-Deposit ratio to 67.43% by the bank was fair yet it was much below the national average of 75%” observed FCIK adding that J&K Bank needed to fully concentrate on the increased credit flow to all economic sectors in UTJKL as it was observed that out of total advances of Rs.82285 a significant portion has been advanced to large corporate and other enterprises outside the Union Territory.
“The recoveries made from the NPA account holders after the launch of OTS-2022, Karz Mukti Scheme etc. have also aided in the increased profit earning of the bank”, observed FCIK adding that the profit could have increased further had the bank authorities conceded to the demand of FCIK and other business chambers for modification of the OTS schemes.
FCIK said that it was gratifying that the net NPA of J&K Bank stood just at 1.62% to net advances probably one of the lowest in the banking industry and that all borrowers of UTJKL were anxious to repay every penny of their loans borrowed from the bank on launch of a uniform, non-discriminatory OTS with trouble-free provisions and repayment schedule in consultation with the UT government and stakeholders. FCIK hoped that J&K Bank now initiated necessary steps towards launching such a policy which, among other things, could surely enable them to increase the current year’s profits to an all-time high by surpassing the profit figures of the previous year.

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#FCIK #Congratulates #Bank #Making #AllTime #High #Profit
( With inputs from : kashmirlife.net )

May 7, 2023
ASI agrees to survey Jama Masjid in UP’s Badaun

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Lucknow: The Archaeological Survey of India (ASI) has given an application in Badaun court, for carrying out a survey of the Jama Masjid there.
A lawyer on behalf of the ASI appeared before the court, agreeing to carry out the survey and also seeking time for it.
Mukesh Patel, state president of Akhil Bharat Hindu Mahasabha, had filed an application in the court of civil judge, senior division, Badaun in September 2022, claiming that the Jama Masjid was Neelkanth Mahadev temple that was destroyed and converted into a mosque.

The Mahasabha had sought a survey of the mosque by the ASI. It made three parties to the case, including ASI, the state government and the mosque committee.
According to Hindu Mahasabha’s advocate Ved Prakash Sahu, the ASI will carry out a survey of the Jama Masjid and thereafter submit its report in court.
The court had given 15 days’ time to the ASI for submitting the report, Sahu added.
The next date for the hearing of the case is May 30.

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#ASI #agrees #survey #Jama #Masjid #UPs #Badaun
( With inputs from www.siasat.com )

May 7, 2023
Farmers lend their support to protesting wrestlers at Jantar Mantar

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New Delhi: In a powerful show of solidarity, representatives from various ‘khaps’ in Haryana gathered at Delhi’s Jantar Mantar on Sunday to extend their support to women wrestlers protesting against Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh over allegations of sexual harassment.
VIDEO | “The protest will continue till these kids (protesting wrestlers) get justice but how we take it forward, that will be decided by all of us today,” says Chaudhary Surender Solanki, Khap president Palam, on mahapanchayat at Jantar Mantar today. pic.twitter.com/D4AurXXNP8
— Press Trust of India (@PTI_News) May 7, 2023
Balwant Phogat, President of Phogat Khap, while speaking to IANS, said that leaders from various khaps have gathered at the protest site to unequivocally support the wrestlers in their fight for justice.
Security personnel and farmers during the latter’s demonstration in support of the wrestlers protesting at Jantar Mantar in New Delhi on Sunday (PTI)
“We are currently conducting a meeting to discuss and determine our next steps in this crucial matter,” he said.

Earlier on Sunday, the Delhi Police granted permission to certain Khap leaders to travel from the Delhi borders to Jantar Mantar using their private vehicles. However, it did not allow khap leaders on tractors to enter the national capital.
Bharatiya Kisan Union leaders, including Rakesh Tikait, Arab Singh Ahlawat, Joginder Singh, and others, also joined the gathering at Jantar Mantar to show their support for the ongoing protest by wrestlers.
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#Farmers #lend #support #protesting #wrestlers #Jantar #Mantar

( With inputs from www.siasat.com )

May 7, 2023
Sitharaman to review state of economy at FSDC meeting on Monday

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New Delhi: Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on Monday.
The 27th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, sources said.
This would be the first meeting of the FSDC after the passage of Rs 45 lakh crore Budget for 2023-24 with greater emphasis on capital expenditure with an outlay of Rs 10,00,961 crore.

The FSDC is the apex body of sectoral regulators, headed by the Union finance minister.
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs in view of failure of Silicon Valley Bank and Signature Bank and liquidity pressure faced by Credit Suisse, according to the sources.
The council would review the progress of measures approved earlier for further development of the financial sector and to achieve inclusive economic growth with macroeconomic stability, they said.
RBI in its latest bi-monthly policy marginally revised upward the economic growth projection for the current fiscal to 6.5 per cent, from its earlier estimate of 6.4 per cent.
Unveiling the first bi-monthly monetary policy of 2023-24 fiscal in April, RBI Governor had said the GDP growth in the first quarter of 2023-24 is expected at 7.8 per cent.

The growth for second, third and fourth quarter of the current fiscal has been projected at 6.2 per cent, 6.1 per cent and 5.9 per cent, respectively.
The last meeting of the high level panel had taken place in Septmber, 2022.
The Council during the last meeting deliberated on the early warning indicators for the economy and preparedness to deal with them, improving the efficiency of the existing Financial/Credit Information Systems and issues of governance and management in Systemically Important Financial Institutions including Financial Market Infrastructures, and strengthening cyber security framework in financial sector.
Besides, common KYC for all financial services and related matters, update on account aggregator and next steps, issues relating to financing of power sector, strategic role of GIFT IFSC in New Aatmanirbhar Bharat, inter-regulatory issues of GIFT-IFSC, and need for utilisation of the services of registered valuers by all government departments were also discussed.
The FSDC meeting will also review activities undertaken by the FSDC sub-committee chaired by the RBI governor and the action taken by members on the past decisions of FSDC.
Besides RBI governor, Securities and Exchange Board of India chairperson Madhabi Puri Buch, Insurance Regulatory and Development Authority of India (IRDAI) chairman Debasish Panda, Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital and Pension Fund Regulatory and Development Authority’s newly appointed chairman Deepak Mohanty will attend the meeting.
The sources said the FSDC meeting will also be attended by Minister of State for Finance Bhagwat Kishanrao Karad, Finance Secretary T V Somanathan, Economic Affairs Secretary Ajay Seth, Revenue Secretary Sanjay Malhotra, Financial Services Secretary Vivek Joshi and other top officials of the finance ministry.
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#Sitharaman #review #state #economy #FSDC #meeting #Monday
( With inputs from www.siasat.com )

May 7, 2023
SRK to fan quibbling about Aryan’s expensive brand: ‘Mujhe bhi sasti nahi bech rahe’

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Mumbai: Bollywood superstar Shah Rukh Khan gave a hilarious reply to a fan, who was complaining about Aryan Khan’s expensive clothing brand.
SRK took to Twitter, where he did a question and answer session with his fans. A user wrote: “Ye dyavol x ke jacket thoda sa 1000- 2000 wale bhi bana do… Wo wale khareedne me to ghar chala jayega.”
Replying to it, Shah Rukh said he would do something about it but with a hilarious spin.

He wrote: “Yeh D’Yavol X wale log mujhe bhi sasti nahi bech rahea. kuch karta hoon!”
On the work front, SRK recently announced that his much-awaited film ‘Jawan’, directed by Atlee, is slated for release on September 7.
An action thriller, ‘Jawan’ features the music of Ashvin Ravichandran and also cameos by Deepika Padukone, Vijay, Sanjay Dutt and Allu Arjun.
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#SRK #fan #quibbling #Aryans #expensive #brand #Mujhe #bhi #sasti #nahi #bech #rahe
( With inputs from www.siasat.com )

May 7, 2023
Maha minor detained for derogatory social media post on Shivaji Maharaj

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Thane: A minor was detained by the police in Maharashtra’s Thane district for allegedly posting derogatory remarks about warrior king Chhatrapati Shivaji Maharaj on social media, an official said on Sunday.
Based on a complaint, a case under sections 153-A (promoting enmity between different groups on ground of religion, race, place of birth, residence, language, etc.) and 295-A (deliberate and malicious acts, intended to outrage religious feelings) of the IPC was registered, the official from Shanti Nagar police station in Bhiwandi said.
The complainant, who is an autorickshaw driver, alleged that he came across a post by the minor accused on Instagram on Friday, which contained derogatory remarks and images of Shivaji Maharaj, he said.

The complainant claimed that the remarks had hurt the sentiments of citizens who revered the warrior king, he said.
The minor accused was detained by the police on Saturday, he said, adding that further probe is underway.
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#Maha #minor #detained #derogatory #social #media #post #Shivaji #Maharaj
( With inputs from www.siasat.com )

May 7, 2023
Yemeni govt, Houthis clash in Taiz, causing multiple casualties

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Aden: Clashes broke out between government forces and Houthi militia in Yemen’s southwestern governorate of Taiz, resulting in multiple casualties, a government military official said to Xinhua.
The conflict, which lasted for several hours, was triggered by an attempted infiltration by Houthi fighters into positions held by Yemeni government forces on the eastern outskirts of Taiz province, said the local military source, who requested anonymity, on Saturday.
The government forces successfully repelled the Houthi assault, resulting in the death of four Houthi fighters and injuries to five others, the official confirmed, adding that two soldiers from the government side lost their lives during the fighting, Xinhua news agency reported.

The Houthi group has yet to respond to the conflict.
The recent fighting in Taiz coincides with attempts of regional and global powers to make headway in diplomatic endeavours towards restarting negotiations between the warring factions in Yemen, with the aim of renewing a prior humanitarian truce that was facilitated by the UN.
Yemen has been embroiled in a civil war since late 2014, when the Houthi rebel fighters invaded a number of northern provinces and drove the Yemeni government out of the capital city of Sanaa.
The years-long military conflict has resulted in a dire humanitarian situation in Yemen, with millions needing assistance and access to basic necessities.
(Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)

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#Yemeni #govt #Houthis #clash #Taiz #causing #multiple #casualties
( With inputs from www.siasat.com )

May 7, 2023
Tension in several Manipur districts, curfew relaxed for 3 hrs in Churachandpur

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Imphal: Even as tension prevails in several Manipur districts and the Army and central para-military forces continued their vigil in the strife-torn areas, the administration in the most volatile Churachandpur district relaxed the curfew on Sunday for three hours from 10 a.m.
Churachandpur District Magistrate Sharath Chandra Arroju in a notification said the subsequent relaxations will be reviewed and notified based on the assessment of the prevailing law and order situation.
Chief Minister N. Biren Singh in a tweet said: “With the law and order situation improving in Churachandpur district and after talks were held between the state government and various stakeholders, I’m pleased to share that the curfew will be partially relaxed…”

Defence release on Sunday said that “Ray of hope due to efforts of 120-125 Army and Assam Rifles columns, who are working tirelessly for the past 96 hours to rescue civilians across all communities, curb violence and restore normalcy, has emerged with no major violence being reported, and curfew, therefore being relaxed from 7-10 a.m. on Sunday in Churachandpur followed by flag march by security forces immediately thereafter”.
The past 24 hours also witnessed the Army significantly enhancing surveillance efforts through aerial surveillance through the Unmanned Aerial Vehicle (UAV) and Army helicopters within Imphal Valley.
Over 23,000 civilians have been rescued till now and were moved to their own Army operating bases and military Garrisons, the sources said.
In the wake of the ongoing unrest in Manipur, over 2,000 men, women and children have crossed the border into Assam’s Cachar district and sheltered in seven government-sponsored camps and more than 200 people, mostly women and children took shelter in Mizoram’s Saitual and Vairengte districts.
Manipur government’s newly-appointed security advisor Kuldiep Singh, a former CRPF chief, said that at least 28 to 30 people were killed in the series of ethnic violence in different districts of Manipur.

However, local media quoting hospital sources said that at least 50 to 55 people, including women, have been killed in the attacks and counter attacks by the rival ethnic groups in at least six districts since May 3.
“Over 100 people have been injured in these attacks. More than 500 houses, along with a large number of vehicles, shops and other properties were either burnt down or damaged in these attacks since May 3,” Singh told the media in Imphal.
He said that 23 police stations in different districts have been identified as most vulnerable and the Army and Central Armed Police Forces were adequately deployed in these areas.
Flag marches by the Army and Assam Rifles are continuing in over six districts, especially in the most volatile Churachandpur district, Singh said.
In view of the prevailing unrest in Manipur, the Central government has already imposed Article 355 in the state to bring the situation under control.
Article 355 is part of emergency provisions contained in the Constitution that empowers the Centre to take all necessary steps to protect a state against internal disturbances or external aggression.
On May 3, unprecedented violent clashes, attacks and arson broke out at various places during a ‘Tribal Solidarity March’ called by the All Tribal Students’ Union of Manipur (ATSUM) to oppose the demand for inclusion of the Meitei community in the ST category.
Acting on a writ petition filed by the Meetei (Meitei) Trade Union, the Manipur High Court acting Chief Justice M.V. Muralidaran on April 19 had directed the state government to submit the recommendation for inclusion of Meitei (Meetei) community in the Scheduled Tribes (ST) list to the Union Tribal Affairs Ministry.
The High Court order said: “The issue of inclusion of the Meetei/Meitei community in the Scheduled Tribes list of the Constitution is pending for nearly ten years and above. No satisfactory explanation is forthcoming from the side of the respondent state for not submitting the recommendation for the last 10 years.
“Therefore, it would be appropriate to direct the respondent state to submit its recommendation to the Ministry of Tribal Affairs within a reasonable time,” the order said.
Meanwhile, various influential organisations, including All Manipur Christian Organisation, Global Naga Forum while saying that they would cooperate with the government to restore normalcy and urged the people to maintain peace and ethnic harmony.
Manipur Chief Minister once again urged the people to shun the path of violence.
“I appeal to everyone in Manipur to restrain from any form of violence. The state police and the para military have been given strict instructions to take action against those who create disturbances in the law and order of the state,” the Chief Minister tweeted.
In another tweet, he said : “In light of the prevailing situation in Manipur, held a meeting with the representatives of Coordinating Committee on Manipur Integrity (COCOMI) to highlight the crucial role of civil society organisations in bringing peace in the state at this hour.”
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#Tension #Manipur #districts #curfew #relaxed #hrs #Churachandpur
( With inputs from www.siasat.com )

May 7, 2023
Militant Associate Arrested With IED, Major Tragedy Averted: Police

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This year, the summit will focus on three main topics – mobility and logistics, energy transition, green tech, climate change and artificial intelligence. In addition, a dedicated investor program, a startup pitch competition and guided tours through the Berlin ecosystem will be organised.
Earlier on May 4, the World Economic Forum’s (WEF) invited KTR to the 14th WEF annual meeting of the new champions, to be held from June 27 to 29, 2023 in Tianjin, China, with the support of the National Development and Reform Commission (NDRC).
WEF’s President Børge Brende stated in the invitation that driven by KTR’s vision, Telangana has become a beacon of innovation and a pioneer in embracing emerging technologies.
“Telangana is leading India’s start-up and innovation system through future-oriented policies and enablers such as the T-Hub. Participants will be keen to hear your insights on promoting growth in Telangana led by entrepreneurship, innovation and digital transformation,” reads the invitation.
The meeting will convene over 1,500 global leaders from business, government, civil society, international organizations and academia at a pivotal time for the global economic recovery. It will focus on key transformations such as accelerating the energy transition, making progress on climate and sustainability, deploying innovation across economies and industries, and post-pandemic consumer behaviour.

(With inputs from IANS)
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#Telangana #KTR #speak #AsiaBerlin #Summit #June
( With inputs from www.siasat.com )

May 7, 2023