Tag: Valley

Silicon Valley Bank collapses, in biggest failure since financial crisis

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SVB’s failure is the biggest since Washington Mutual went under at the height of the 2008 crisis. | Marcio Jose Sanchez/AP Photo
Silicon Valley Bank collapsed on Friday after a run on deposits drove the Northern California institution into insolvency, marking the largest bank failure since the financial crisis.
The Federal Deposit Insurance Corp. has transferred the bank’s deposits to a new entity in order to protect consumers. Policymakers including Treasury Secretary Janet Yellen had grown increasingly alarmed over the past 24 hours at the prospect of the bank’s failure.
That’s because nearly half of all Silicon Valley-backed startups and biotechs bank with the institution, which had roughly $175 billion of deposits as of the end of 2022. With $209 billion in assets, SVB’s failure is the biggest since Washington Mutual went under at the height of the 2008 crisis.
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( With inputs from : www.politico.com )

March 10, 2023
Silicon Valley Bank collapse sets off scramble in London to shield UK tech sector

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LONDON — The U.K. government was scrambling on Sunday to limit the fallout for the British tech sector from the collapse of Silicon Valley Bank, a big U.S. lender to many startups and technology companies.
The government is treating the potential reverberations as “a high priority” after a run on deposits drove California-based SVB into insolvency, marking the largest bank failure since the global financial crisis, U.K. Chancellor of the Exchequer Jeremy Hunt said in a statement Sunday morning. U.S. Treasury Secretary Janet Yellen and other policymakers were on alert that problems at SVB could spread.
Hunt said the British government is working on a plan to backstop the cashflow needs of companies affected by SVB’s implosion and the halt in trading of its British unit, Silicon Valley Bank UK. The Bank of England announced on Friday that the U.K. unit is set to enter insolvency.

Silicon Valley Bank’s “failure could have a significant impact on the liquidity of the tech ecosystem,” Hunt said.
The government is working “to avoid or minimize damage to some of our most promising companies in the U.K.,” the chancellor said. “We will bring forward immediate plans to ensure the short-term operational and cashflow needs of Silicon Valley Bank UK customers are able to be met.”
Hunt told the BBC Sunday morning that the government would have a plan that deals with the operational cashflow needs of companies “in the next few days.”
Discussions between the governor of the Bank of England, the prime minister and the chancellor were taking place over the weekend, according to the statement.
Speaking on Sky News Sunday morning, Hunt said that Bank of England Governor Andrew Bailey had made it clear that there was “no systemic risk to our financial system.” But Hunt warned that there was a “serious risk” to the technology and life-sciences sectors in the U.K.
Ministers held talks with the tech industry on Saturday after tech executives in an open letter warned Hunt that the SVB collapse posed an “existential threat” to the U.K. tech sector. They called for government intervention.
Britain’s science and technology minister on Saturday pledged to do “everything we can” to limit the repercussions on U.K. tech companies.
Michelle Donelan, who heads the newly created Department for Science, Innovation and Technology, said in a tweet: “We recognize that the tech sector is often not cashflow positive as they grow and I am determined to stand with them as we do everything we can to minimize impact on the sector.”
Chancellor Jeremy Hunt said protecting the U.K. sector from the impacts of SVB’s collapse was a “high priority” | Justin Tallis/AFP via Getty Images
A bank insolvency procedure for Silicon Valley Bank UK would mean eligible depositors would be paid the protected limit of £85,000, or up to £170,000 for joint accounts.
The Bank of England said in its Friday statement that SVB UK “has a limited presence in the U.K. and no critical functions supporting the financial system.”

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( With inputs from : www.politico.eu )

March 9, 2023
Schools Reopen In Valley, Parents Irked Over ‘Too Early’ Timings

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SRINAGAR: Kashmir Valley including the summer capital of J&K sprung to life on Wednesday as children made their way to schools after long winter vacations.
According to reports, students dressed in uniforms were seen heading to their respective schools very early in the morning as the School Education Department has changed school timing in Srinagar city from 9 a.m. to 2 p.m. Some parents even expressed resentment over “too early” schooling.
“The interest of students should be paramount. Normally timings used to be changed from April 1,” several parents said, adding, “There is still considerable chill during the morning hours and people at the helm of affairs should not lose sight of it.”
The schools up to class 5th were ordered to observe winter vacation from December 1 to February 28, the classes from 6th to 8th from December 12, and those from 9th to 12 standards from December 19. (GNS)

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( With inputs from : kashmirlife.net )

March 1, 2023
Schools Reopen In Kashmir Valley, Parents Unhappy Over ‘Too Early’ Timings – Kashmir News

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Schools Reopen In Kashmir Valley, Parents Unhappy Over ‘Too Early’ Timings In Srinagar
Srinagar, Mar 1 (GNS): Kashmir Valley including this summer capital of J&K sprung to life on Wednesday as children made their way to schools after long winter vacations.
According to reports reaching GNS, the students dressed in uniforms were seen heading to respective schools very early in the morning as the School Education Department has changed school timing in Srinagar city from 9 a.m. to 2 p.m. Some parents even expressed resentment over “too early” schooling. “The interest of students should be paramount. Normally timings used to be changed from April 1,” a number of parents said, adding, “There is still considerable chill during the morning hours and people at the helm of affairs should not lose sight of it.”
The schools up to class 5th were ordered to observe winter vacation from December 1 to February 28, the classes from 6th to 8th from December 12 and those from 9th to 12 standard from December 19. (GNS)
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#Schools #Reopen #Kashmir #Valley #Parents #Unhappy #Early #Timings #Kashmir #News

( With inputs from : kashmirnews.in )

March 1, 2023
Schools Reopen In Kashmir Valley, Parents Unhappy Over ‘Too Early’ Timings In Srinagar

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Srinagar, Mar 1: Kashmir Valley including this summer capital of J&K sprung to life on Wednesday as children made their way to schools after long winter vacations.
According to reports reaching GNS, the students dressed in uniforms were seen heading to respective schools very early in the morning as the School Education Department has changed school timing in Srinagar city from 9 a.m. to 2 p.m. Some parents even expressed resentment over “too early” schooling. “The interest of students should be paramount. Normally timings used to be changed from April 1,” a number of parents said, adding, “There is still considerable chill during the morning hours and people at the helm of affairs should not lose sight of it.”
The schools up to class 5th were ordered to observe winter vacation from December 1 to February 28, the classes from 6th to 8th from December 12 and those from 9th to 12 standard from December 19. (GNS)
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#Schools #Reopen #Kashmir #Valley #Parents #Unhappy #Early #Timings #Srinagar
( With inputs from : roshankashmir.net )

March 1, 2023
Schools Reopen In Kashmir Valley, Parents Unhappy Over ‘Too Early’ Timings In Srinagar

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Srinagar, Mar 1 (GNS): Kashmir Valley including this summer capital of J&K sprung to life on Wednesday as children made their way to schools after long winter vacations.
According to reports reaching GNS, the students dressed in uniforms were seen heading to respective schools very early in the morning as the School Education Department has changed school timing in Srinagar city from 9 a.m. to 2 p.m. Some parents even expressed resentment over “too early” schooling. “The interest of students should be paramount. Normally timings used to be changed from April 1,” a number of parents said, adding, “There is still considerable chill during the morning hours and people at the helm of affairs should not lose sight of it.”
The schools up to class 5th were ordered to observe winter vacation from December 1 to February 28, the classes from 6th to 8th from December 12 and those from 9th to 12 standard from December 19. (GNS)
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#Schools #Reopen #Kashmir #Valley #Parents #Unhappy #Early #Timings #Srinagar
( With inputs from : thegnskashmir.com )

March 1, 2023
Rain, snow forecast In Kashmir Valley

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Srinagar, Feb 18 (GNS): Meteorological department on Saturday forecast scattered to fairly widespread light to moderate rain and snow in Jammu and Kashmir for a few days from February 19. Also, most places recorded an increase in mercury and Pahalgam remained the only place to record sub-zero level temperature.
“Generally cloudy weather with light rain/snow is expected at isolated to scattered higher reaches of Kashmir Division on February 19,” a meteorological department official told GNS
He said light rain is expected in plains and light to moderate rain and snow in middle and higher reaches during February 20th late afternoon to early morning of February 21.
From February 22-24^th, he said, “occasionally cloudy with mainly dry weather is expected.”
Meanwhile, he said Srinagar recorded a low of 2.9°C against the previous night’s 2.8°C . Today’s minimum temperature, he said, was above normal by 2.8°C for the summer capital.
Qazigund, he said, recorded a low of 1.8°C against 1.8°C on the previous night and it was 1.5°C above normal for the gateway town of Kashmir.
Pahalgam, he said, recorded a low of minus 1.4°C against minus 0.9°C on the previous night and it was 3.0°C above normal for the famous tourist resort in south Kashmir’s Anantnag district.
Kokernag recorded a low of 1.9°C against 0.6°C on the previous night and it was 2.8°C above normal for the place, the officials said.

Gulmarg recorded a low of 0.2°C, the same as on the previous night and it was 7.0°C above normal for the world famous skiing resort in north Kashmir’s Baramulla district, he said.
In Kupwara town, he said, the mercury settled at 1.2°C against 0.6°C on the previous night and it was 1.4°C above normal for the north Kashmir area.
Jammu recorded a low of 11.3°C against 12.9°C on the previous night. It was 0.8°C above normal for J&K’s winter capital, he said.
Banihal, he said, recorded a low of 4.2°C (above normal by 2.9°C), Batote 8.2°C (above normal by 5.3°C), Katra 11.7°C (3.6°C above normal) and Bhadarwah 5.6°C (5.3°C above normal).
Ladakh’s Leh and Kargil recorded a low of minus 3.5°C and minus 7.8°C respectively, the official said.
While Chillai-Kalan, the 40-day long harsh winter period that started on December 21 has ended, Kashmir is under the grip of a 20-day-long period called ‘Chillai-Khurd’. It will be followed by a 10-day-long period ‘Chillai-Bachha’ (baby cold) which is from February 20 to March 1. (GNS)
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#Rain #snow #forecast #Kashmir #Valley
( With inputs from : thegnskashmir.com )

February 18, 2023

Green Valley Educational institute Srinagar Jobs 2023

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Green Valley Educational institute Srinagar Jobs 2023 | Various Vacancies

Recruiting Body:	Green Valley Educational institute Srinagar
No. of Posts:	Various
Job Location:	Srinagar
Last Date:	20 February 2023
Salary:	Negotiable
Employment Type:	Full Time
Application Mode:	Offline
Category:	Private Job
Selection Process:	Interview
Official Website:	greenvalleykashmir.com

Vacancy Details:

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Green Valley Edu Instutional Vacancies 20223

How to Apply for Green Valley Educational institute Srinagar Jobs 2023 for the Teaching and Support staff?

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( With inputs from : kashmirpublication.in )

February 16, 2023

Artisans buoyed over growing demand for Khatamband craft in Valley, Middle East

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Srinagar, Feb 07: The centuries old ‘Khatamband’ art is again in demand in Kashmir.
Ali Muhammad Najar (Giru) (70), a well-known Khatamband artist from Safa Kadal area in Srinagar told news agency—Kashmir News Observer (KNO), that he learnt the skill from his parents and grandparents as his forefathers have been associated with the oldest craft.
“My father and grandfather were decorating rest houses, houseboats, cafeterias and other buildings with Khatamband,” he said.
Khatamband work is mainly being carried out manually but with introduction of technology, a few machines are being used as well but still most of the work is being done by hands only, he said.
Khatamband used to be the domain of shrines, palaces, houseboats and royal houses but now every other person wants it for their house. The demand has also resulted in an increase in the number of Khatamband artisans.
“I have trained at least 70 persons who are currently working on their own,” he said.
According to him, there is demand for the art in foreign countries too and he has worked in Qatar, Muscat and his son has returned from Nepal recently after completing an assignment.

The raw materials used include deodar and walnut.
“There were more than 160 designs for the Khatamband in Kashmir. But currently there are only a few designs available that artisans can reproduce. They are compensating the old designs with new ones. It is an expensive art form and therefore not many people invested in it for a long time,” he added.
In the 1990s, the craft gradually faded due to its cost.
He said that the government can help in promotion of the crafts in foreign countries so that people associated with any art can earn their livelihood well.
The greatest quality of the Khatamband is that even if it is dismantled after centuries, it can be reused and reinstalled again, he said.
Other artists said that Khatamband demand is on rise as it has become a sort of status symbol in Kashmiri society once again.
It is believed that Khatamband was brought to Kashmir during the 14th Century by noted saint Shah-i-Hamdaan who visited Kashmir along with many followers that also included Khatamband artists from Iran.
Khatamband is an art of ceiling making, by fitting small pieces of wood (preferably walnut or deodar wood) into each other in geometrical patterns. The process is not done through machines but is painstakingly hand crafted and that too without using any nails—(KNO)
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( With inputs from : roshankashmir.net )

February 7, 2023
Rains, Snow In Kashmir Valley; Gulmarg Receive Over 1-Ft Fresh Snowfall

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SRINAGAR: Rains lashed most plains including Srinagar while some parts of the Kashmir Valley received fresh snowfall with Gulmarg receiving more than one foot of it since overnight, officials said here on Monday.
The weather department here also said that intermittent light rain and snow was likely to continue till afternoon and thereafter gradual improvement was expected.
On February 7 and 8, news agency GNS quoted meteorological department official as having said that the weather would be “partly cloudy”. “Widespread light to moderate snowfall and rain was expected at many places from February 9-11,” he said. However, he said, “no major snowfall” was expected during the next one week.
He said that in last 24 hours till 0830 hours today, Srinagar received 5.2mm of rain, Qazigund 5.6mm, Kukernag 11.2mm, Jammu 1mm, Banihal 9.0mm, Batote 9.2cm, Katra 1.2mm, and Bhaderwah 3.6mm while Gulmarg received 35 cms (1.14-ft) of snowfall, Kupwara 5cms and Pahalgam 2cms.
Meanwhile amid cloud cover, the minimum temperature saw further increase except at a few places with Srinagar recording a low of 1.8°C, the same as on the previous night. Today’s minimum temperature, he said, was above normal by 2.2°C for the summer capital.
Qazigund, he said, recorded a low of minus 1.6°C against 0.4°C on the previous night and it was 3.1°C above normal for the gateway town of Kashmir.
Pahalgam, he said, recorded a low of minus 0.2°C against minus 5.4°C on the previous night and it was 6.0°C above normal for the famous tourist resort in south Kashmir’s Anantnag district.
Kokernag recorded a low of minus 1.1°C against 0.0°C on the previous night and it was 3.1°C above normal for the place, the officials said.

Gulmarg recorded a low of minus 3.6°C against minus 6.4°C on the previous night and it was 3.1°C above normal for the world famous skiing resort in north Kashmir’s Baramulla district, he said.
In Kupwara town, he said, the mercury recorded a drop and settled at minus 0.3°C against 2.9°C on the previous night and it was 1.7°C above normal for the north Kashmir area.
Jammu recorded a low of 11.9°C against 8.3°C °C on the previous night. It was 2.4°C above normal for J&K’s winter capital, he said.
Banihal, he said, recorded a low of 4.2°C (above normal by 3.2°C), Batote 3.1°C (above normal by 0.9°C), Katra 10.5°C (3.1°C above normal) and Bhadarwah 3.8°C (4.1°C above normal).
Ladakh’s Leh and Kargil recorded a low of minus 9.5°C and minus 14.0°C respectively, the official said. While Chillai-Kalan, the 40-day long harsh winter period that started on December 21 has ended, Kashmir is under the grip of a 20-day-long period called ‘Chillai-Khurd’. It will be followed by a 10-day-long period ‘Chillai-Bachha’ (baby cold) which is from February 20 to March 1.

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( With inputs from : kashmirlife.net )

February 6, 2023

Tag: Valley

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Green Valley Educational institute Srinagar Jobs 2023 | Various Vacancies