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No intention to interfere in JK Bank’s autonomy: Guv

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Jammu, Nov 24: The Governor’s Administration Saturday said that it has “no intention” of interfering in the day-to-day affairs of the J&K Bank and the Bank’s functional autonomy with its Board of Directors as supreme decision-making body remains “unquestioned” and the Bank will continue to be regulated by the RBI.

It said the latest decision taken by the State Administrative Council (SAC) is only aimed at promoting good governance and transparency in the functioning of the Bank.

“Extension of RTI Act and CVC guidelines is only aimed at promoting Good Governance and transparency in the functioning of the Bank, as this premiere financial institution has often been questioned on both these counts by the general public,” an official spokesman said.

He said while concerns have been raised in certain isolated quarters, people of the State by and large have hailed the decision across the board as a welcome step.

“The concerns raised by certain isolated quarters mainly relate to the operational autonomy of the bank,” the spokesman said and clarified that the State Administrative Council (SAC) decision has three main elements including J&K Bank being treated as a Public Sector Undertaking, the Bank being brought under the ambit of the Right to Information (RTI), the Bank to follow CVC guidelines and the Bank to be accountable to the Legislative Assembly and its Annual Report to be tabled in the State Legislature.

The spokesperson made it clear that as far as treating J&K Bank as a PSU is concerned it is just a matter of fact and only restating the obvious.

“Since the State Government holds 60% of majority shares in J&K Bank, for all practical purposes, it is a Public Sector Undertaking. Therefore all transparency and accountability features that arise from this have to apply to the bank,” he said and added that the main elements of transparency in J&K Bank will come through the application of the RTI Act as all recruitments and administrative issues of the Bank would be subject to transparency provisions, like all Public Sector Banks of the Government of India and it is being hailed by the people of the State overwhelmingly.

The spokesman said that as far as following CVC guidelines are concerned, these are followed by all Government-owned banks to bring about certain probity into the banking decisions.

“It may be pointed out that J&K Bank was recently fined Rs 3 crore by RBI for not following KYC/ Anti-money laundering norms,” he said and added that bringing the Bank under the ambit of CVC guidelines will ensure better adherence to RBI norms in future.

The spokesperson further clarified the only other decision taken by the SAC is to table Annual Report of the Bank in the State Legislature through the Finance Department.

“In any case, the Annual Report of J&K Bank is placed in the public domain through newspapers and on the official website of the Bank after every Annual General Meeting,” he said.

The spokesperson further explained that since the State Government hold almost 60% share of the J&K Bank, it has the characteristics of a Public Sector Undertaking.

“Only a couple of years back, when the bank was faced with a severe financial crisis, the State Government came to its rescue by infusing capital worth Rs 532 crores,” he said and added that J&K Bank also gets a lion’s share of government business, therefore placing the Annual Report in the State legislature like any other PSU is expected.

“As far as accountability to the legislature is concerned, this is normal for all government-owned banks and is a very limited exercise,” he said and added that the commercial decisions of the bank are not a subject matter of legislative control.

 

Govt gains full control of JK Bank: Experts

Srinagar, Nov 24:Top constitutional experts of Jammu and Kashmir on Saturday said that Jammu and Kashmir Bank after its declaration as a public sector bank is now fully in the administrative and financial control of the Jammu and Kashmir government and the authority of the bank chairman has been reduced to the extent of the managing director of a public sector corporation.

However they said that a popular government, if put in place, has the powers to roll back such orders by a simple cabinet decision.

Leading constitutional expert and senior advocate at J&K High Court, Zaffar Ahmad Shah said: “The Jammu and Kashmir Bank after its declaration as a public sector bank by Governor Satya Pal Malik has now come under the complete administrative and financial control of the state government. The chairman of the bank is now like a managing director of any public sector corporation of the state government and the government now has the power and authority to nominate members for the board of directors, the highest decision making body of the bank.”

Echoing the words of Zafar Ahmad Shah, another leading constitutional expert and a leading lawyer the High Court Zaffar Qureshi said: “Individuality of the Jammu and Kashmir Bank has been taken away after the Governor declared it a Public Sector Bank. Now the government has the power and authority to nominate members for the board of directors for Jammu and Kashmir Bank and can intervene even in the lending and buying matters. The position of the chairman of the bank has been almost reduced to the extent of a managing director of a public sector corporation.” (KNS)

 

 


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SHRC discusses drug abuse in seminar on human rights

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Drug abuse and not human rights was the talking point of a seminar organised by Jammu and Kashmir State Human Rights Commission (JKSHRC) on Monday to mark the 70th World Human Rights Day.

At the Auditorium Hall of the Information Department, the speakers choose to discuss drug abuse at length even as Chairperson JKSHRC Retired Chief Justice Bilal Ahmad Nazki said: “One of our jobs is to make the people feel the pain of the ill effects of our society.”

As per Nazki, during the current year, more than 10,000 people visited SMHS hospital and Police Drug De-Addiction and Rehabilitation to get treatment for their drug addiction.

“That is the reason, we choose Drug Abuse topic on today’s Human Rights Day,” said Nazki.

Recalling some of his recent experiences about drug prevalence of addiction in the society, Nazki said, “One of the boys told me that he had stolen all ornaments of his mother and sister to purchase drugs. Another person spent Rs 75 lakh on the drugs.”

The Chairperson JKHRC said, “We discuss all sort of issues in our casual chats or during marriage ceremonies, but we never discuss drug abuse. My target is to create a debate on the topic. I want to create a sense of pain in society and treatment will come easily. Today, synthetic drugs are supplied from somewhere else which is more dangerous than cannabis. If we cut the supply line, we will be able to solve the problem to a great extent. Solutions have to find out within our social set-up.”

Nazki said that need is to create mass awareness across the state about drug-abuse so that it can be completely eradicated.

On the occasion, the organizers distributed informative material, which read that as per the survey conducted by United Nations Drug Control Programme (UNDCP), there are 70,000 drug addicts in Kashmir alone, out of which 4000 are women.

As per the survey, 65 to 70% of students in Kashmir are drug addicts.

As per the statistics issued by Government Psychiatric disease hospital, Rainawari, 90% drug users are in the age group of 17 to 35 years with a lifetime prevalence of drug addiction.

The informative material read that in his study leading Psychiatrist Dr Mushtaq Margoob has found, “More than two lakh people in Kashmir are into the consumption of illegal drugs.

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Omar challenges BJP to announce CM candidate

Mudassir Kuloo

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Srinagar, Dec 10: Accusing the Bharatiya Janata Party (BJP) of “deceiving” the people of Jammu, senior National Conference Vice-President, Omar Abdullah, on Monday challenged the party to announce its chief ministerial candidate.

The BJP made fake promises to the people of Jammu prior to the last elections. They made fake promises on PaK refugees, return of Kashmiri pandits to valley, granting union territory to Ladakh, construction of Ram Mandir, and Jammu’s own leadership,” Omar said in his address to National Conference (NC) workers.

He said the party later allied PDP.

“They made Mufti Mohammad Saeed chief minister of the state. Recently, they offered chief ministerial post to a leader who has just two MLAs. The BJP will again make promises that the next chief minister will be from the BJP but they will prove to be hoax once the polls are over,” Omar, former chief minister of the state, said.

He was referring to Peoples Conference led by Sajad Gani Lone, who had staked claim to form a government in the state with the support of the 25-legislators of BJP and 18 others.

“The BJP is now advocating divisional status for Ladakh, while it could not grant it union territory status. We want unification of all three regions for communal harmony.”

He challenged the BJP to announce its chief ministerial candidate in the upcoming elections.

“The BJP has already cheated the people of Jammu twice. The party shall tell the people who its chief ministerial candidate is,” he said, demanding the parliamentary and assembly elections should be held together.

“The BJP wanted urban local bodies and panchayat polls to be held in the state but are not ready for Assembly polls,” he said.

“I don’t think people of Jammu and Kashmir are ready to be deceived once again, which is why the BJP is escaping elections.”

The NC leader said his party backed PDP in government formation to save the state from its “current mess and uncertainty”.

“We wanted to defend Article 35A, this government was not going to sustain for long as it had to topple one day and elections had to be done,” he said.

“The NC-PDP-Congress came together despite differences, as we are not hungry for power but worried about the wellbeing of the state and its people. We did it for the state but not for the interest of party.” he said.

“The ruling party was threatening MLAs and using money to lure them for the support.”

He, however, ruled out their pre-poll alliance with any party.

“We will contest on all the seats. You give us the representatives who can contest the polls,” he said.

“There are some seats where the NC has never won. We are sure that we will win those seats which we lost in the previous elections,” he said.

He said the BJP leader, who accused NC of boycotting local body polls and joining hands with PDP and Congress on Pakistan’s behest, later “withdrew his words”.

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Baig anointed PDP patron amidst political departures

Former Tangmarg lawmaker quits PDP

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Srinagar, Dec 10: The attempts of PDP president Mehbooba Mufti to mollify disgruntled Lok Sabha member of the party Muzaffar Hussain Baig bore fruit on Monday as the two leaders jointly chaired a meeting where the latter was made party’s patron.

“Senior leaders of the party today (Monday) met under the chairmanship of party President @MehboobaMufti and Muzzafar Hussain Beigh Sahab,” the PDP said on its Twitter handle soon after the meeting.

Sources close to the party that Baig was chosen as the party patron, in a bid to resolve the issues he had with the party leadership in the recent past.

They said that Mehbooba, who was facing a challenge to her leadership after Baig recently raised a banner of revolt against the party leadership, was trying to make a pact with the senior party leadership.

Baig had accused the party leadership of undermining the democratic norms by boycotting the urban local bodies and panchayat elections.

The development comes amidst rebellion in the PDP with three former MLAs having quit and rumours of many more leaders likely to desert the party ahead of the fresh assembly elections.

The polls have been necessitated due to dissolution of the lower house of the state legislature by Governor Satya pal Malik on November 21.

Besides Imran Ansari and his uncle Abid Ansari, former finance minister Haseeb Drabu have resigned from the PDP following the dissolution of the assembly.

Speculations were rife that Baig, whose wife Safina Baig is the president of women’s wing of the PDP, might quit the party as he came out in public against the party leadership on November 20.

“The PDP betrayed the workers, denying them a chance to connect with the people, by boycotting the (municipal) elections. They left a vacuum and that space has now been occupied. Politics does not wait for people who boycott,” Baig said last month.

Baig said he was not consulted when the party took the decision to boycott the local bodies polls.

“I was in Delhi, just a phone call away. I remained quiet because I did not want the PDP to fall as under,” he said.

Mehbooba had a meeting with Baig amidst uncofirmed reports that he would be made party patron.

 

Former Tangmarg lawmaker quits PDP

Srinagar, Dec 10: Peoples Democratic Party (PDP) got another jolt on Monday after its leader and former MLA Tangmarg, Abbas Wani resigned from the basic membership of the party.

This comes days after former finance minister Haseeb A Drabu and former MLA Zadibal, Abid Ansari resigned from the party.

Wani according to reports has tendered resignation from the basic membership of the party and has sent a letter to PDP president, Mehbooba Mufti.

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