Srinagar, Dec 15: Mainstream political parties in Kashmir condemned the killing of civilians allegedly in security forces’ action during an encounter in Pulwama district Saturday, saying Governor Satya Pal Malik-led administration has “failed” to secure lives of the people.
Seven civilians died in south Kashmir’s Pulwama district when security forces allegedly opened fire at an unruly crowd that tried to storm the site of an encounter in which three militants and Army man were killed
No probe enough to bring back the dead innocent civilians.South Kashmir has been reeling under fear for the last 6 months.Is this what was expected from Gov rule? The admin has failed in securing civilian lives. Deepest condolences to the bereaved (sic),” PDP president and former chief minister Mehbooba Mufti tweeted.
She said no country can win a war by killing its own people.
“How long are we going to shoulder the coffins of our youngsters? So many civilians killed today post encounter in Pulwama. No country can win a war by killing its own people. I strongly condemn these killings, and once again appeal for efforts, to stop this blood bath (sic),” Mufti said in another tweet.
National Conference (NC) vice-president Omar Abdullah said the encounter was “badly executed”.
“6 civilians killed and numerous more injured, many critically. Any way you look at it this was a badly executed encounter. Protests around encounter sites are now the norm not the exception. Why are we unable to learn how to handle them better? (sic)” Omar tweeted.
“Another blood soaked weekend in Kashmir. 6 protestors killed, 1 solider killed in the line of duty. Together with the 3 militants from this morning’s encounter that’s 10 dead. Reports of many injured at the encounter site. What a horrible day! (sic)” he said in another tweet.
“7 dead. There is no explanation for this excessive use of force, none what so ever. This is a massacre & that’s the only way to describe it,” he said in another tweet later in the day.
The NC leader said the Governor’s administration appears “not doing anything on restoring peace” in the “troubled Valley”.
“The administration of Governor Malik has one task & one task only – to focus on the security of the people of J&K & restore peace to a troubled valley. Sadly it appears that’s the only thing the administration is not doing. Publicity campaigns & full page ads don’t bring peace,” he tweeted.
Separatist-turned-mainstream leader and former minister Sajad Lone said the administration needs to “seriously evaluate” the costs of such anti-militancy operations.
“Extremely disturbing news coming from Pulwama. The administration needs to seriously evaluate the costs of its operations. If there is even a remote chance of civilians getting killed during military operations it is better to call off such operations,” Lone said in a tweet.
He expressed hope that the administration abandons “its Rambo mindset”.
“My heartfelt thoughts with the families of those who lost their lives in Pulwama. I just pray that Almighty takes us out of the perpetual state of mourning that we seem to have been sucked into. And also hope that administration abandons its Rambo mindset,” Lone said.
“The preparedness of security forces would in the Pulwama context be the ability to make the distinction between combatants and non-combatants. If u end up killing 7 civilians in order to kill 3 militants. It is time for heads to roll. We can’t afford a state of impunity,” he said in another tweet.
Killing won’t end unless int’l community intervenes: Biz Chamber
Monitor News Bureau
Srinagar, Dec 15: The Kashmir Chamber of Commerce and Industry (KCC&I) Saturday condemned the repetitive killings of innocent and unarmed civilians by the government forces.
“The latest in the series of such fatalities has resulted in seven civilians losing their lives and more than a hundred being injured in Kharpora Sirnoo, Pulwama,” a spokesman of the Chamber said.
He added that the KCC&I has time and again urged for cessation of hostile operations in civilian areas and demanded resolution of the dispute of the J&K through a structured, meaningful and effective dialogue amongst stakeholders.
“The policy of killing innocents with impunity needs to stop. We urge for accountability and demand exemplary punishment of those involved in the killings,” the spokesman said.
“The policy makers need to realize that the use of brutal force against civilian population is yielding no results except creating a situation of chaos and anarchy in the State. We appeal to human rights organisations, wherever they be, to take note of the repeated violations and the naked acts of aggression against unarmed civil population seeking peaceful resolution to the conflict. We see no end in sight to the bloodshed unless the international community, which has so far chosen to watch silently, intervenes and ensures that steps are taken for settlement of the dispute,” he added.
Section 144 imposed in Pulwama
Monitor News Bureau
Srinagar, Dec 15: The District Magistrate Pulwama Saturday imposed restrictions under section 144 of Cr PC in the district in view of the apprehension of breach of peace.
As per an official handout issued here, the restriction shall stand till further orders. Bonafide medical and other emergencies, however, shall be exempted from the restrictions.
Joint Hurriyat hails Pak SC’s ruling on Kashmir, GB
Srinagar, Jan 20: Joint Hurriyat Leadership comprising Syed Ali Geelani, Mirwaiz Umar Farooq, and Yasin Malik Sunday held a meeting at the octogenarian leader Geelani’s residence.
At the meeting, the leadership, as per a statement, expressed satisfaction over the verdict announced by the seven judge-bench of Pakistan Supreme Court that upheld the disputed status of Jammu and Kashmir and directed the Pakistan government to provide more citizenship, legal and social rights to the people of Gilgit and Baltistan (GB) besides stating that the lingering dispute of J&K be resolved by means of plebiscite.
“Pakistan Supreme Court in its fresh verdict has laid stress on the fact that till the issue of Kashmir stands unresolved, Pakistan and India must ensure that the people of this region enjoy maximum rights for areas within each country’s control,” the statement read.
At the meeting, the leadership expressed serious concern over the “perpetual incarceration” of many political prisoners languishing in Indian jails and the ill plight and inhuman treatment meted out to Kashmiri political prisoners lodged in various jails including Tihar Jail ,Kathua, Udhampur, Kotbalwal, Samba, Haryana, Rajasthan, Jodhpur and other prisons stating that world organizations should take strong note of the condition of Kashmiri prisoners lodged in these prisons and how legal processes and procedures are misused to detain them and prolong their detentions.
JK Bank quarterly results: Market experts predict 65% long-term upside potential
Srinagar, Jan 20: J&K Bank results for the third quarter have come up with numbers having enough indicators to tell the market pundits that the bank is bound to see a positive growth in the coming days, starting the current quarter.
The bank has exceeded expectations according to the market experts who say the numbers are quite assuring and the script is being strongly recommended for buying with upside potential of 65% in the long term.
As per recommendations by major broking houses like Prabhudas Leeladhar, ICICI Direct, Anand Rathi and Elara Securities, the bank looks strong in long term perspective. At the current price the stock is a great investment opportunity to those interested in the stock market.
Commenting upon the expected move of J&K Bank, Rakesh Kumar, Analyst at Elara Securities said in a written statement: “Jammu & Kashmir Bank’s operating performance was above market estimates as margin improved by 22bp QoQ (basis points Quarter-on-Quarter) due to higher credit yield.”
Kumar, as per the statement, said that lower-than-expected provisions and higher operating profit beat “led to significantly higher net profit of Rs 1.07bn versus our estimates of Rs 0.17bn.”
He added on the balance sheet front, credit grew by 12 per cent YoY while deposits witnessed growth of 18 per cent YoY.
“Within deposits, the rest of India’s (RoI) term deposits grew at an average 48% over the past two quarters, and we believe that such a continued phenomenon will result in increased cost of funds over the long term,” Kumar said.
He said that JKBK has exposure worth Rs 13.5 bn to stress-laden IL&FS Group, of this, the bank has reclassified exposure as sub-standard in Q3FY19, and this resulted in higher slippages at Rs 10.3bn (past two quarters average at Rs 5.1bn), and, as a consequence, both GNPA and NNPA saw a sharp uptick. However, despite higher credit cost, coverage ratio at 66 per cent was close to its past four-quarters average at 68 per cent.
In sync with Elara Securities views, Simi Bhaumik, Technical Equity Analyst (Offficially registered with SEBI) told Zee Business online: “Technically the J&K Bank strip looks strong in long-term perspective. In short-term, the stock has moved from Rs 39 levels to Rs 41 levels. If it breaks the Rs 41-42 levels, it can move for its another resistance at Rs 48. After breaking this level and sustaining above that, one can expect the Rs 65 target.”
Khyber Gulmarg wins best destination hotel award 2018, again
Srinagar, Jan 20: The Khyber Himalayan Resort & Spa, Gulmarg’s first luxury resort, has once again been awarded by Outlook Traveller, India’s prestigious travel magazine.
At the recently held Outlook Traveller Boutique Hotels Awards 2018, the resort was conferred with the Best Destination Hotel Award.
The 3rd edition of the Outlook Traveller Boutique Hotel Awards was held in Haridwar recently where the best boutique properties around the country were awarded for their contribution to the hospitality industry.
The chief guest for the night was Satpal Maharaj, the Minister of Tourism, Government of Uttarakhand.
“We are truly overwhelmed with the response from both guests and traveller writers and of course the eminent jury. This honour is testimony to the hard work by the team at The Khyber ensuring a superlative, international class guest experience and a memorable time in Gulmarg enjoying the natural beauty and activities available all year round,” said Umar Tramboo, MD, Pinnacle Resorts Pvt. Ltd, promoter of The Khyber Himalayan Resort & Spa, Gulmarg.
In a short span, since it opened six years ago, The Khyber Himalayan Resort and Spa has been hugely appreciated for its impeccable service, warm hospitality, and facilities at par with international standards.
The Khyber has consistently received recognition from several hospitality and travel awards including Condé Nast Traveller India, the Last Word in Travel, as Favourite Boutique Hotel –India, for six consecutive years.
In addition to luxurious guest rooms, The Khyber has a Wellness Block, which houses the world-class international spa, The Khyber Spa by L’OCCITANE along with a state of the art gym with the latest equipment, separate steam and sauna chambers for men and women. It also offers an impressive heated indoor pool offering dramatic views of the mountain ranges.
About the Outlook Traveller Boutique Hotel Awards
Outlook Traveller Boutique Hotel Awards 2018 are meant to celebrate an industry that is well in its prime and will remain so long as people seek new experiences and retain their wanderlust.
These are much coveted travel awards, which are given to brands that have left an everlasting impression on their guests through their hospitality and services.
The esteemed jury members along with EY, the process advisors for the event, made the celebrations on the banks of the holy Ganga a great success.
The jury for the 2018 edition was: Aman Nath, chairman, Neemrana Hotels; Dilip Puri, founder & CEO, Indian School of Hospitality; fashion designer Anupamaa Dayal; Anurag Mallick & Priya Ganapathy of Red Scarab Media; and Charukesi Ramadurai, travel writer and blogger.