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PDP hits road to demand revocation of SAC decision

Srinagar: Peoples Democratic Party (PDP) senior Leaders holding banner and placards while shouts slogans during a protest rally against Governor-led State Administrative Council's decision to treat the bank as a Public Sector Undertaking (PSU), in Srinagar, Thursday, Nov. 29, 2018. PTI Photo by Umar Ganie

Srinagar, Nov 29: People’s Democratic Party (PDP) on Thursday took out a protest rally demanding the revocation of the recent government order on J&K Bank.
Scores of PDP leaders and activists led by former minister, Naeem Akhtar, took out a protest rally from the party headquarters and marched towards the Press Enclave in Srinagar, summer capital of Jammu and Kashmir.
However, a police party intercepted them at Polo View and prevented them from marching ahead. The protesters were chanting slogans like ‘JK bank hamara hai’ (JK bank belongs to us), and ‘roll back SAC decision roll back’.
“Turning J&K Bank into a PSU is an assault on the economy of Jammu and Kashmir. We want to tell governor sahab to revoke it,” said Akhtar while talking to reporters. “We won’t relent (until the order is revoked).”
On November 22, the Governor-led State Administrative Council (SAC) had approved the proposal for treating Jammu and Kashmir Bank Limited as a Public Sector Undertaking (PSU).
The move was criticised by all regional political parties, trade and business communities and also the employees of the J&K Bank. In the last few days, it has snowballed into a major issue.