Srinagar, Nov 27: Kashmir Centre for Social and Development Studies (KCSDS) Tuesday urged the state administrative council (SAC) headed by the Governor to revoke all policy decisions taken by it during past five months which, they claim, are fraught with long term serious implications for the autonomy of the state.
In an urgent meeting, the members observed that the decision to convert Jammu and Kashmir Bank into a public sector undertaking is aimed at making it “subservient to the imported bureaucracy for its final demolition as has been done by it to other PSUs of the state.”
Quoting example of J&K State Power Development Corporation (JKSPDC), the members said that because of the dilly dallying tactics and lack of timely decisions by concerned bureaucrats, this potentially viable corporation, to earn profits and provide electricity to the people, has been ruined.
“Because of the bureaucratic bias, SICOP and SIDCO incepted with the objective of promoting industry have been converted into blood sucking leaches for the entrepreneurs. The fate of all other corporations is well known to the public, onus of which could squarely be put on the shoulders of these bureaucrats besides other officials,” KCSDS said in a statement.
The members added that J&K Bank is the only bank in the state that continued to flow credit to the economic sectors when all other 46 out of 47 banks operating here shun their operations to a larger extent particularly in the valley.
“It is only because of this bank that some sustained livelihood opportunities are generated in the private sector besides agriculture and its allied sectors despite unfavorable business environment with more than 2200 days of business interruptions during past 28 years,” they said.
KCSDS impresses upon the Governor to revoke all policy decisions and concentrate only on the day to day governance issues.