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Parvez announces reduction in interest rate to 11.90%, donation to welfare fund of the club

Monitor News Bureau

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J&K Bank Chairman & CEO Parvez Ahmed was today felicitated by the Press Club of Jammu (PCJ) at an impressive function held here at the Club. The Chairman, on the occasion, rolled out “J&K Bank Sahafat Finance Scheme” for journalists and others working in various media organisations in presence of Bank’s Executive Presidents Vagesh Chander, S S Sehgal, President Press Club Ashwani Kumar, Vice President PCJ Abhimanyu Sharma, Secretary Finance PCJ Dinesh Manhotra and senior management of the bank, senior journalists and personnel working with different newspapers, channels and other media-outlets.

The PCJ management headed by its President Ashwani Kumar presented a memento and a shawl to the chairman Parvez Ahmed. Besides, the chairman was presented honorary membership of the club on the occasion.

While addressing the club members and media personnel, Chairman Parvez Ahmed appreciated their role in maintaining the credibility of institution of Journalism while working in difficult conditions. He made certain significant announcements on the occasion, which include  a reduction in Rate of Interest by 30 basis points for the Sahafat scheme, a donation of Rs. 5.00 lacs to the Welfare Fund of Journalists of the club and adoption of Press Conference Hall of the club in the memory of late Ashok Sodhi for renovation and upgradation. The chairman also announced installation of automated teller machine (ATM) and cash deposit machine (CDM) in the precincts of the club.

 

“On the insistence of media community, we have decided to reduce the rate of interest of this scheme by 30 basis points which now stands at 11.90 percent,” the chairman said.

The chairman further said, “It is a matter of pride and gives me immense pleasure to roll out this tailor-made scheme for the journalist community at this venue which was started by the stalwarts of journalism in our state. We both share the common legacy of serving to empower the people. The Bank appreciates the role of media in highlighting the important issues of local and national importance. The launch of this product is an effort which signifies our recognition of media as a viable economic sector, represented by very passionate and talented people. To name a few, people like Sham Koul, Ved Bhasin, Kamal Romitra, M L Kak, O N Koul, Ashok Handoo, Ashwani Kumar and Ashok Sodhi have played an exemplary role in the field of journalism”.

Expressing his gratitude for felicitation by Jammu Press Club, Chairman said, “I am deeply humbled by this gesture and I dedicate this felicitation to the hardworking, honest media fraternity who have always performed their duties with utmost professionalism while keeping in mind the journalistic ethics. And as the premier financial institution of this state, it is our duty to come out with specific, professional schemes like Sahafat Finance which will be helpful in meeting their immediate personal as well as professional financial needs,” he said.

Chairman also thanked the media fraternity for supporting J&K Bank during tough times and providing with the feedback from people, to improve its delivery of services. He asked for consistent support from the fraternity in the bank’s journey towards greater heights of success and excellence.

Earlier, in his welcome address, President Press Club Jammu, Ashwani Kumar apprised the audience about the role of the only Press Club in the state.

“Jammu Press Club is one of the oldest, self-sustaining Press Clubs working in north India. Started by few people, it now has the membership of 800 associate and corporate members. Facilities like Journalist Welfare Fund has been adopted under which Rs. 50 Thousand are provided to the members to meet any untoward expenses and in case of death, a sum of Rs. 1.00 lac is provided to member instantly,” he said.

He praised the bank’s role in formulating specific retail banking products and tailor-made credit facilities to different sections of the society.

Vice-president Rakesh Gandotra (S&BD) gave a comprehensive account of the scheme that has been uniquely tailored for the media persons.

The purpose of the unique scheme is to provide easy and hassle-free finance to media persons for personal and professional needs on urgent basis. The maximum credit of Rs 3 lacs repayable in 60 EMI’s shall be provided in form of term loan for purchase of cameras, tablets, laptops etc and revolving cash-credit facility to meet routine money needs. With minimum rate of interest, the scheme also offers an insurance cover of Rs 4 Lacs against an annual premium of Rs 342 to be borne by the borrower.

Pertinently the scheme was first unveiled at a function at Corporate Headquarters Srinagar earlier this month.


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State

Swachh Bharat summer internship workshop kick-starts at ICSC Srinagar

Monitor News Bureau

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Srinagar, July 15: The week-long Swachh Bharat Summer Internship-2019 commenced Monday at the Islamia College of Science and Commerce, Srinagar under Swachh Bharat Abhiyan.

The inaugural session was inaugurated by the Principal ICSC Srinagar, Professor (Dr) Sheikh Aijaz Bashir, who was the chief guest on the occasion.

In his inaugural address, Prof. Bashir stated that such type of awareness programmes help in educating the youth for the proper use and re-use of bio-degradable and non-biodegradable solid waste in society.

 

“Nothing would change unless we as a community don’t change our attitude towards Waste Management,” he said. He also stressed on segregation of waste at source.

Other speakers gave a detailed presentation on the conceptual framework of Solid Waste Management and Sustainable Solid Waste Management on the occasion.

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State

Advisor Sharma on whirlwind tour to Leh

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Leh, July 14: Advisor to Governor, K K Sharma—who is on his four-day tour to Ladakh division on Sunday took stock of 45MW Alchi Hydel project besides meeting several delegations in Leh district.

The Advisor took detailed review of the power supply scenario of under this project.  He inquired in detail about the capacity and feeding area of this project and urged to work for further improvement of the project efficiency.

During the inspection at the project site, the General Manager, NHPC has briefed to the Advisor in detail about the power network, saying that currently this project is generating 20 to 21 MW against the requirement of 15 MW peak load of the feeding area. He apprised the Advisor that around 10MW of power is being fed to the Grid during day time at present.

 

Later, Sharma also inspected the 220/66 KV GIS Station at Phyang and interacted with the engineers of Power Development Corporation and Power Development Department about the functioning of this power station and the working of transmission line. Advisor also enquired about the potentiality of future expansion plan under Alchi Hydel project.

The Chief Engineer, Generation/ M&RE Ladakh Wing, Ajaz Ahmad Dar briefed the Advisor that Nubra valley is all set to bring under the ambit of Alchi project  and the tendering process of the work is under active progress.

The DC, Leh Avny Lavasa also briefed the Advisor that few power projects of the capacity upto 5MW are also coming up shortly through LREDA in Nubra valley and this will capably cater to the power need of the valley.

Earlier, the Divisional Commissioner, Ladakh, Saugat Biswas has received the Advisor at Leh in the afternoon.

Later Member Parliament (MP) from Leh, Ladakh, Jamyang Tsering Namgyal also called on Advisor to Governor, K.K Sharma.

Namgyal discussed various issues pertaining to the Ladakh region of the State—urging Advisor Sharma to give patient hearing to the people and address their issues on priority.

The MP hailed government of Jammu and Kashmir for creating separate divisions of Ladakh region. He urged Advisor to focus on development on all fronts. He said that Ladakh has been neglected and remained backward, urged Advisor Sharma to shift focus on for its overall development.

He also sought that more posts should be created in Agriculture and other allied departments. He said that PDD should initiative augment infra and other developmental activities. He said that issues of Dah, Hanu, hydroelectricity power projects—run by JKSPDC, should be addressed on priority. The MP also raised issues of manpower in government-run departments at Khalsi and Drass tehsils.

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Three drug peddlers arrested in Srinagar: Police

Monitor News Bureau

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Srinagar, July 14: Police in its recent action against drug dealings in Srinagar have arrested three drug peddlers at a checkpoint and recovered contraband substance from their possession.

Officers at a checkpoint established near Eidgah, arrested three drug peddlers. They have been shifted to Police Station Safakadal where they remain in custody.  Contraband substance including 50 grams of charas and 01 gram of heroin has been seized by the officers.

Case FIR No. 106/2019 under relevant sections of law has been registered and initiated investigations in the matter.

 

Community members are requested to come forward with any information regarding drug peddlers in their neighbourhood. Persons found indulging in drug peddling will be dealt as per law.

Our consistent actions against drug peddlers should reassure the community members that we are making efforts to keep our society free from the scourge of drug menace.

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