Like our Facebook Page

Early Times Newspaper Jammu, Leading Newspaper Jammu
Breaking News :   DB directs Principal Secy Works to file response regarding release of funds | BGSBU Rajouri celebrates 'Earth Day' | BCET Samba students develop 'Electric Bike' | CLJU holds FC, Syndicate meetings | Delegation of TNWS calls on Advisor Sharma | JIAR celebrated world meningitis day | TDF expresses concern over increasing road accidents | Horrizon Eleven lifts Winter Shield T20 Cup | 15th J&K State Wushu C'ship commences | Seminar organized | Three TOT programme on drug de-addiction organized | JU team brings laurels in Pencak Silat championship | GDC Bishnah students bid adieu to outgoing students | Two day workshop on "Robotics" inaugurated | World Earth day celebrated at SMVDU | DDHS School organizes programme on Swachchta | Training activities conducted during NCC camp | Family issue keeps 'PDP scion' away from polls | Mehbooba gets new name "Leader of 1905 People" of Kashmir | 'Mehbooba takes refuge in J&K's special status as defeat stares at her' | Mehbooba's brother, close relatives stayed away from polling booths | Ex-BJP minister issues directions to ERA officials! | Embezzlement of Rs 1.42 Cr surfaces in RDD Rajouri | Another doc refuses to continue as in-charge principal | Executive Officer flouts rules, utilizes user charges in payment of salary | Gross injustice with Jammu | Terror funding case: Delhi court extends separatist leader Yasin Malik's custody till May 24 | Denied permission to hoist national flag, Kishtwar college student held protest against college management | ACB arrests Patwari taking bribe | Five dead, Eleven injured as landslides hits Mini bus | New rules to make anti-corruption bodies effective | Govt teachers flay Kathua admin for betrayal | PC supports NC during Srinagar LS polls | Boundary wall of AIIMS Vijaypur broken | Pak militant belonging to LeT arrested in Baramulla, paraded before media | Emergency hospital Pranu has only plinth | Man found dead under mysterious circumstances | Dilapidated condition of Bhera -Qasab road irk local residents | Three day teacher-student training workshop concludes | JK Bank signs MoU with GMC Srinagar for upgradation of Banking infrastructure; Dedicates Ambulance under CSR | Sat directs ERA officials to take up restoration works in Jammu West | Vehicles carrying perishable food items be exempted from NH ban: Shah Faesal | Voters' meet organized at Voter corner in High Court | Congress alone can safeguard special status of J&K: Mir | No one ready to take over JeM leadership in Kashmir: Army | Mehbooba Mufti leads protest rally in Pulwama over suspension of LoC trade | Voter turnout in Bijbehara, Anantnag a lesson for Mehbooba: Omar | Communal polarization in elections has posed threat to democracy: Harsh | Ghari Panchayat craving for basic facilities | Heavy rains wreak havoc in Chenab Valley | Employees for digitization of records without salary, PF | Rains Lash Kashmir, Thunderstorm hits Jammu | Chaman Lal endorses review decision on LOC trade by Govt | Life returns to normal in Kashmir | Highway ban: HC gives Govt 7 days to reply to petitions | HC seeks State & UoI's response to extension of Edu benefits to non-migrant KPs too | Leh DEO inspects SVEEP in Trans-Singhe-la areas | Restrictions imposed around examination centers in Baramulla | Power shut down | JCCI urges Governor to take action against 'Tainted Babus' | School Education Department inspects Private schools | Red Cross organises Blood donation camp | Prevention of beggary: DM Srinagar orders strict action against soliciting of alms at public places | EE PWD (R&B) Gandoh suspended, enquiry initiated on the Piyakul road accident | Principal Secretary Industries & Commerce visits SICOP Udhampur | NIA summons Geelani's grandson Anees-ul-Islam | Police arrests 9 drug peddlers in JK | 4 bovine rescued, smuggler arrested | Defunct ARTO office Samba irks people | SNCF organizes blood donation camps | Fire damages 5 shops in Sopore town | BSF vehicle meets accident in north Kashmir, no casualties | Kashmir centric leadership not for solving Kashmir problem | Malaria is preventable as well as treatable | If Pakistan rules out war against India why should it not end export of terror? | Back Issues  
news details
JKSECC refers of dilution of J&K Bank as economic 'suppression' in Jammu & Kashmir
11/29/2018 11:39:08 PM
Jehangir Rashid

Early Times Report

SRINAGAR, Nov 29: A civil society group while taking pot shots at the recent government decision of making Jammu & Kashmir Bank as a public authority today said that the decision is equivalent to economic 'suppression' of the people of state especially those living in Kashmir valley.
Addressing a press conference, the civil society group named as Jammu & Kashmir Socio Economic Coordination Committee (JKSECC) said that the Jammu & Kashmir Bank has over the past few decades come up as a vibrant people friendly financial institution. They said the dilution of the bank tantamount to economic 'suppression' of the people of Jammu & Kashmir.
"The dilution of Jammu & Kashmir bank is equivalent to economic killing and it is bound to have serious ramifications for the society as a whole. This economic suppression is aimed to overpower us economically and it should not have happened. Killing us economically seems to be sole motive of this step," said Zahoor Tramboo, senior member of JKSECC.
Tramboo said that since different sectors of economy are in doldrums the recent step vis-à-vis Jammu & Kashmir Bank is bound to lead to more alienation of the businessmen from the mainstream. He said that traders and businessmen have suffered huge losses due to the turmoil that is prevalent in the Kashmir over the past three decades or so.
JKSECC member Faiz Bakshi said that exports from Kashmir have come down drastically over the past few years adding that same is due to the unfavourable circumstances prevailing in the valley. He said that Jammu & Kashmir stands at serial number 27 among the 29 states of the country when it comes to ease of doing business.
The JKSECC members expressed lament that the dry fruit industry has virtually been vanished since the quality of the same has degraded due to many factors including the lackadaisical attitude of the people at helm. They said the quality of apples of Kashmir has also been degraded as compared to the apples being produced in Himachal Pradesh.
The JKSECC members said that if the natural resources are channelized in right direction then Jammu & Kashmir can produce electricity that would not only suffice its own needs but can be exported as well. They said that economic progress of the state is very much linked to power sector and if the sector is taken care of Jammu & Kashmir would march on the path of progress and development.
The JKSECC members said that people should be given the right to life and also the right to dignified life. They asked civil society to raise their voice as and when the right to life is violated in the Kashmir valley. They asked the people to raise a campaign in this regard so that justice is delivered.'
  Share This News with Your Friends on Social Network  
  Comment on this Story  
Early Times Android App
BSE Sensex
NSE Nifty
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
J&K Govt. Official website
Jammu Kashmir Tourism
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
Train Enquiry
Jammu Kashmir Bank
State Bank of India
Passport Department
Income Tax Department
IT Education
Web Site Design Services
Jammu University
Jammu University Results
Kashmir University
IGNOU Jammu Center