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JK Bank conferred with prestigious SKOCH Award

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Srinagar, Dec 23: J&K Bank Chairman and CEO Parvez Ahmed received the prestigious SKOCH Award in Banking and Finance Silver Category for the establishment of thirty-five J&K Bank Easy Payment Units in Leh Ladakh Region leading to a revolutionary inclusive banking and rural expansion, which was recognized at the 55th SKOCH Summit held at the Constitution Club of India, New Delhi.
The award was conferred by the Chairman, SKOCH Group Sameer Kochchar, Managing Director & Editor SKOCH Dr Gursharan Dhanjal. The Summit was inaugurated by Suresh Prabhu, Union Minister for Commerce & Industry and Civil Aviation who was conferred the Golden Jubilee SKOCH Challenger Award, 2018.
The 55th SKOCH Summit was themed on the Economic Manifesto in which various speakers including noted Economist & Member House of Lords UK, Lord Meghnad Desai; 15th Finance Commission NK Singh; Chairman, Economic Advisory Council to PM Dr Bibek Debroy, Dr Aruna Sharma, Distinguished Fellow, SKOCH Development Foundation & Former Secretary, Government of India, Baroness Sandip Verma, Member, House of Lords, United Kingdom participated. The summit also held panel discussion on ‘Deciphering Digital Economy Policy’ and ‘Ambassadors of Soft Power India’ by eminent domain experts and politicians bringing leading politicians and experts from Politics, Finance, Technology and Diplomacy on one platform.
The Bank also received two Order of Merit citations having been rated and qualified on three parameters; early evaluation, jury evaluation and popular vote which were received by Parvez Ahmed inthe presence of President & Zonal Head Ladakh Chetan Paljor and Zonal Head Delhi Fayaz Siddiqui.
While dedicating the recognition to the people of Leh- Ladakh Chairman & CEO JK Bank reiterated Bank’s commitment to serve the people to the last mile through its round the year services regardless of climatic or topographic challenges. He asserted, “Our mission is to be instrumental in improving the economic profile of our people which can only happen when we improve the credit penetration in the state by expanding our footprint to lend more in the productive sectors especially to the entrepreneurs. We intend to map the whole geography in the state in such a manner that nobody in the state should be travelling more than 5-10 Km for availing the banking facilities. Concomitantly the aim is to formalize the savings to channelize for productive deployment besides unshackling the people from the exploitative informal channels of lending. The Bank upon the success of the Payment Units in Leh-Ladakh will now be scaling the model to other remote and challenging locations of the state of Jammu and Kashmir.”
The JK Bank’s Easy payment unit project was selected after a stringent multi layered evaluation procedure including whetting process based on desk and secondary research followed by an evaluation and presentation process judged by the industry experts and noted panelists over numerous parameters including innovation and social impact; qualified by the team of Bank’s Chairman Secretariat, Jammu followed by an online voting process at Twitter and thus went on to bag the prestigious award out of more than forty entries from various banks and financial entities in the category of Financial Inclusion and Rural Expansion.
The JK Bank Easy Payment Units to financially include all the 111 villages in Leh Ladakh were inaugurated by the Governor J&K State, Satya Pal Malik who had cited the bank’s initiative a great service and facilitation to the people bringing inclusive growth regardless of economic background and contributing towards the steady development of the state economy.
Notably SKOCH Group is India’s leading think tank dealing with socio-economic issues with a focus on inclusive growth since 1997. In the past, the SKOCH awards have been conferred to Venkaiah Naidu, Vasundhara Raje, Shivraj Singh Chouhan, Deepak Parekh, Rana Kapoor, Naina Lal Kidwai, Dr Bibek Debroy, Nandan Nilekani, P. Chidambaram, Sam Pitroda, Dr C Rangarajan, Prof Indira Rajaraman among others. The Group has instituted India’s highest independent civilian honors in the field of governance, finance, technology, economics and social sector.


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Sajad alleges NC, PDP of drifting towards power at cost of Art-35 A

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Srinagar, May 21: Peoples Conference Chairman Sajad Gani Lone Tuesday castigated the twin traditional parties for trivializing the sentiments of the people of Kashmir and their inherent tendency to lie to suit their interests.
Sajad said the moral pretense of NC and PDP, the high stentorian rhetoric of Omar Abdullah and Mehbooba Mufti stands ridiculed today.
“You boycotted the ULB elections and termed it as a ‘sham’ election under the fig leaf of Article 35-A. Just answer one question. How seriously would New Delhi take you given that the theatre both of you enacted prior to the ULB polls. Those assertions of aspirations, those assertions of boycott to safeguard article 35 A- was that all a sham? Were you all along lying. We just pray that Delhi does not take your non seriousness about Art 35 A as a reference point. Your covert participation and now overt acceptance makes mockery of the cause that you were supposedly advocating—God save us all from advocates as murky as you”, he added.
Sajad said that both parties are now drifting towards power at the cost of the cause that they were purportedly advocating.
“This is a section of the Kashmiri leadership which was in headlines all across the country for boycotting the ULB polls—now it transpires that on one hand an avowed boycott and on the other a lust for power. The national leadership today has a good idea about the seriousness of these leaders and their tantalizing lust for power—they today know they would sleep with the devil for the sake of power and would sacrifice and belittle any cause that they advocate”, he added.
Sajad emphasized that Peoples Conference has a clear and simple majority in the Srinagar Municipal Corporation and will continue to deliver on its promises of delivering change in a city that has been neglected by the twin traditional parties.
“Both the traditional mainstream parties need to see the writing on the wall- that Srinagar is changing and taking strides towards hope and positivity under an overarching goal of self empowerment and accountability. PC Mayor and Deputy Mayor as well as all our Corporators will continue to play a very positive and enabling role in the SMC and will deliver effective change on the ground and try to transform Srinagar into a world class tourist city”, he added.

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High prices force Kashmiris to purchase lesser dates this Ramadan

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Srinagar, May 21 : Unlike previous years, the prices of dates have increased in the Kashmir markets in the ensuing holy month of Ramadhan, thanks to the major decrease in supply mostly due to suspension of cross LoC trade. The soaring prices of dates have forced the people of Kashmir to go for the less purchase of dates.
Bashir Ahmad Sheikh, a wholesale dealer of dates explained that less arrival of dates this year was responsible for the prices to increase by 15 to 20 per cent. “Kashmir has recorded the arrival of less date as compared to same time last year mostly due to suspension of cross LoC trade. Almost 20- 30 per cent decrease in arrival has caused the prices to go up” said Sheikh.
According to traders, prices of non-branded as well as branded dates have increased by at least 15-20 in the local markets. While last year one kilogram of unbranded dates was sold at Rs 90- Rs 100, this year it is sold at Rs 150- Rs 200, said the traders.
Farooq Dagga, a dates’ merchant told KNO that there has been some impact due to levy of 12 per cent Goods and Services Tax on the market prices of dates for last couple of years. “While there is almost increase of Rs 20 – Rs 30 per kg due to GST, dates which used to arrive through LoC trade mostly in form of dry low priced dates is witnessing a shortage,” said Dagga.
Even Ajwa dates, considered as pious and rich in medicinal value by Muslims across the world, priced anywhere between Rs 2000- Rs 2200 per kilogram in the local markets has seen an increase in prices. 40 plus varieties of dates that have arrived in Kashmir for Ramadhan this year which commenced on May 6 have seen an increase in prices proving to be a burden on common people.
Dates merchants at Parimpora fruit mandi said dates from Oman, Algeria, Iran and Iraq among other Muslim countries also find many buyers in the local market. These varieties which include Rabi, Razan, Kaas, Nawar, Jumar, Barari priced in the range of Rs 150 to Rs 2000 per kg have also seen an increase of 15 – 20 per cent, said another trader.

“Dates from Iraq and Pakistan used to find many takers in the local market but due to suspension of cross LoC trade there supplies have dried up. Even Israel exports dates across the world and this produce used to be also available in the Valley,” Muhammad Saleem Bhat, a fruit merchant told KNO.

 
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Congress remembers Rajiv Gandhi on his death anniversary

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Srinagar, May 21: The Jammu and Kashmir Pradesh Congress Committee (JKPCC) in a meeting of Senior Party Functionaries & Prominent Leaders remembered Former Prime Late Rajiv Gandhi on his 28th death anniversary and paid floral tributes to departed leader.
The party said that martyrdom of Bharat Ratna Rajiv Gandhi would continue to lead the nation at the path of unity, harmony and development.
The meeting was presided over by J&K Pradesh Congress Committee (JKPCC) President G.A.Mir, who paid floral tributes to Rajiv Gandhi, recalling his selfless services and sacrifices to the Nation and said the departed leader shall always be remembered for the services he has rendered to people irrespective of their caste or religion.
Addressing the meeting, G.A Mir described Rajiv Gandhi as a tallest leader of the Country under whose leadership the Nation touched the new heights in respect of development, education, science and technology etc, there was no looking back after Rajiv Ji introduced Computer Education bringing the Nation at par with other developing countries in the world, he said.

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