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Banks must play role in distt’s economic progress: DC Srinagar

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Srinagar, Nov 17: District Commissioner (DC), Dr. Syed Abid Rasheed Shah, Saturday chaired a District Level Review Committee (DLRC) meeting of Lead Bank Office Srinagar to review the progress of banks during the second quarter of 2018-19 fiscal.

The meeting reviewed the performance of banks in the areas of deposits and advances, besides reviewing the sector-wise performance under the District Credit Plan 2018-19. Status of their achievements in the area of implementation of various government schemes were also reviewed during the meeting.

The meeting was informed that under the District Credit Plan 2018-19 an amount of Rs. 885 crore has been disbursed under various schemes in the priority sector in the said quarter, including Rs. 528 core under MSME, Rs. 179 crore under the agriculture and 87 crore under housing sector among others. Disbursements made in the non-priority sector as on 30 September 2018 amount to about 70 percent achievement.

It was also informed that the Credit Deposit Ratio (CDR) in the district at the end of quarter ending 30 September 2018 stands at 53% which is 2% higher since the previous quarter ending 30 June 2018, adding the total deposits and advances during the quarter include 21241 and 11200 crore respectively. The Jammu and Kashmir Bank alone registers about 84% share of the total advances.

The DC emphasised that banks must be positive and instrumental in credit dispensation and increase the CDR to the benchmark level fixed by the RBI. He called for an institutionalised mechanism allowing for sector-wise focus on specific areas of development in the district.

The meeting also reviewed the progress and achievements of banks in the implementation of various government-sponsored schemes. The DC asked all banks to ensure concerned departments are taken on board and seek their assistance for facilitation of cases.

Dr Shah also asked all the banks to conduct regular awareness programmes and submit details to his office. He said banks and various financial institutions in the district must play their due role in the economic progress of the district.

LDM Srinagar, DDM NABARD, RBI representative, Cluster Heads of banks and financial institutions operating in district Srinagar and representatives of various government departments attended the meeting.


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No subsidized sugar from 2019

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Srinagar, Dec 14: Governor led administration has decided to do away with the purchase and distribution of sugar among the consumers in the State from next year.
According to the sources, the decision was taken on December 5 during the planning committee’s meeting of Food Civil Supplies and Consumer Affairs Department. The meeting held under the chairmanship of Principal Secretary Finance, Navin K Choudhary took the decision, observing that the sugar was now available in open market, sources said.
Presently, only two categories – BPL and AAY – would get sugar from the ration depots set up by the department.
“The sugar was distributed by the department among consumers belonging to BPL and AAY. Both categories comprised a poor population of the state and this decision will severely impact them,” they added.
If sources are to be believed, the government has also decided to close Mufti Mohammad Sayeed Food Entitlement Scheme. “All these decisions will have a telling impact on the people of the state,” sources said.
A senior official of the department, wishing not to be named, said that the importance attached to the department has been severally impacted and the government needs to rethink about it.
Secretary Food, Civil Supplies and Consumer Affairs Dr Abdul Rashid obliquely admitted the stoppage of sugar distribution from next year even as he said: “all depends on the budget” on Saturday.
“The sugar is not an essential commodity and the state used to give extra subsidy over it. I think there are some financial constraints. However, no final decision has been taken. Whether or not any funds are kept for it would be known when the budget is revealed,” Dr Rashid told media.
Regarding kerosene, he said the quota is decided by the Government of India’s Ministry of Petroleum and it has decreased it by 30-40%. “The kerosene is being supplied to the particular category of people and purposes are only cooking and illumination,” he said, adding, “If we look in our state, there is technically almost cent percent electrification and LPG is in almost every household now.”
Regarding atta (flour), Dr Rashid said there is no issue as regards its supply and it is being supplied to the consumers as usual. “There is no plan to do away with the distribution of the atta,” the officer added.
Created in 1931 by Maharaja Hari Singh, FCS&CA department was meant to ensure that the people of the state get ration and other amenities at the affordable price, and also to control food prices.
The department would distribute tin for house trusses, charcoal, cement, pulses (dals), and salt besides rice, flour, sugar and kerosene.
Over the years, the supplies assigned to the department have been reduced drastically, leaving it with the task of distributing rice, sugar, atta (flour) and kerosene oil.
The kerosene distribution has also been markedly reduced and in the last five years, and no atta (flour) was distributed in Srinagar and some other districts in last six months as same was dumped for distribution to the border areas.

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State

Leopard found dead in Buffliaz forest

Global News Service

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Poonch, Dec 14: A leopard was found dead in forest area, near the Peer Panjal Region in Buffliaz area of Surankote tehsil in Poonch district on Friday.
Sources told the media that some villagers noticed the dead body of full grown leopard lying in the bushes in Buffliaz forest area of Surankote and informed concerned officials.
Soon the wildlife officials reached the spot and shifted the carcass to Surankote.
Later postmortem was conducted by the veterinary doctors at Surankote in presence of Tehsildar and later buried its body.
Incharge Wild Life Chief Warden, Rajouri-Poonch Range, Mushtaq Ahmad said that he has taken cognizance of the matter.

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Mirwaiz condoles demise of AAC leader

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Srinagar, Dec 14 : Awami Action Committee (AAC) patron Mirwaiz Umar Farooq has expressed his grief and sorrow over the demise of party’s district president for Bandipora Master Abdul Gani saying the contributions of deceased towards the movement will always be remembered.
According to a statement issued here, Mirwaiz while expressing his heartfelt condolences with the bereaved family said the deceased was the active member of AAC who remained steadfast and committed towards the freedom struggle throughout his life.
He said the deceased did not only face the imprisonment but countless problems for being the active worker of the AAC. Despite facing harassment and intimidation for advocating people’s struggle, the deceased didn’t budge and remained rock solid towards his mission, he said.
The death of Master Abdul Gani has created a void in the ranks of AAC which is difficult to fill, Mirwaiz said.
Meanwhile, Mirwaiz also expressed his heartfelt condolence with the editor of English daily Kashmir Reader Haji Hayat Bhat on the demise of his mother at Kadlabal, Pampore. Mirwaiz prayed for the departed soul and extended solidarity and sympathy with the bereaved family.

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