Srinagar/Jammu, May 01 : Chairman and CEO J&K Bank Parvez Ahmed who is also the Chairman of the Board of Directors of the JKB Financial Services Limited a wholly owned subsidiary of J&K Bank set by the Bank to provide Wealth Management & Investment Advisory services to the people of the state in general and customers in particular, rolled out the services of JKBFSL from 100 Business Units of the bank in all the districts of the state in presence of Bank’s Executive Presidents P K Tickoo and R K Chhibber, President Sunil Gupta and Managing Director JKBFSL Manzoor Hussain. The Chief Financial Officer (CFO) JKBFSL Pankaj Gour, Company Secretary Zafar Hameed and Territorial Heads of the Bank’s subsidiary were also present on the occasion. The roll out was announced after completion of induction training programme of the 148 candidates which concluded today at Jammu and Srinagar after an interactive session by the Chairman and CEO J&K Bank with the newly recruited specialist officers of JKB Financial Services Limited (JKBFSL) at the Bank’s Corporate Headquarters Srinagar and Zonal Office Building Jammu respectively.

Congratulating the executives of JKBFSL who he described as a meritorious talent pool recruited in a fair and transparent manner, the Chairman J&K Bank advised them to take “utmost care” of the Brand J&K Bank, which, he said, has emotional equity of the people of J&K State invested in it besides being the most recognized brand in the state and beyond. He said “The strength of JKBFSL lies in the Brand J&K Bank. The bank deals with 90 percent population of the state in terms of providing banking and financial services and touches almost every section of society through its banking services and wide spectrum of activities beyond banking under Corporate Social Responsibility (CSR) initiatives. It is, therefore, imperative to maintain the brand image of the bank through professionalism with a strong human touch”, he asserted. Adding further, that it was vital to uphold the trust reposed by the people in the state’s premier financial institution.

Delineating the vision of the Bank for JKBFSL, the Chairman and CEO J&K Bank, who in his earlier capacity was Instrumental in steering the maiden public issue of the Bank besides setting up the subsidiary for providing depository and share trading services to provide an exit route for the investors from J&K state and has been keenly reviving the operations of the subsidiary, said, “The aim and objective is to convert our business units into one stop-shop for Financial services including distribution of Wealth Management, Protection and Investment products. We have recently prepared an aggressive business plan for the JKBFSL and recruited bright talented experienced / fresh executives who have been in the first phase placed with our 100 major business units and ensure their integration with our business model and customers in a zero friction manner so that our customers get a unique blend of personalized service of JK Bank and professional investment products from a bouquet of choices available with JKBFSL”.

The Chairman J&K Bank added “There is a lot of synergy between the bank and its subsidiary with this symbiotic relationship to add value to our services being delivered to the customers and public of our state as their financial lives are interwoven with our bank.” He assured the newly inducted executives of JKBFSL a very bright future in the backdrop of strong business model of JKBFSL backed with a robust support from the parent brand JK Bank. The Chairman optimistically envisioned the unlocking of the value in the company by listing in near future after stabilization and strengthening of revenue streams.

Earlier while speaking during the interaction Executive President P K Tikoo conveyed that the bank had contributed initial capital of twenty crores in addition to the immeasurable Brand Equity that J&K bank has earned throughout its journey. He impressed upon the recruits to uphold the value that J&K Bank has in the eyes of its stakeholders by providing the best-in-class customer service.

Executive President R K Chhibber said that to begin with JKBFSL would operate from 100 touch points and going by the business plans, all the business units would be operating points for JKBFSL by April 2020. He expressed his wish to meet again at the venue to felicitate the best achievers on the same lines as that of super achievers of J&K Bank business. Sunil Gupta President JK Bank shared his experience while setting up the operations of the JKBFSL at its initial stages with minimal resources but huge support by the present Chairman in his earlier capacity. He lauded the vision of the Chairman in fast tracking the revival of the subsidiary through his professional wisdom.

Speaking on the occasion, Managing Director JKBFSL, Manzoor Hussain expressed his elation at the confidence and exuberance exuded by the recruits and hailed the Chairman for his prudent vision, knowledge and out-of-the-box thinking. The proceedings of the interaction and roll out were conducted by Avnish Gulati Consultant for JKBFSL.

The new employees who underwent rigorous training & certifications conducted by various professional institutions & personnel like National Stock Exchange, soft skill trainers, financial consultants, & functional experts managing Compliance, Risk Management, & Dealing departments at JKBFSL expressed contentment at the conduct of month long induction training by JKBFSL to groom the skill sets, the recruits pledged to take the subsidiary and the parent organization to new heights of success.

Notably the following services have been rolled out w.e.f. 1st May 2019 through Investment Relationship Desks in 100 business Units of the Bank DEMAT and Equity Broking,Equity Derivative Trading, Investment in Mutual Funds, Investment in IPOs, Soliciting the insurance business from existing/new customers, Account opening, investment, and servicing requests for products mentioned above. 

Srinagar, May 01 : A plantation drive was kick started by Vice Chancellor University of Kashmir Prof Talat Ahmad at varsity’s Model High School here on Wednesday.

The plantation drive was organized by Kashmir University Ministerial Staff Association (KUMSA) under the banner ‘Go Green Plantation Drive’.

Speaking on the occasion Prof Talat underscored the importance of plantation and urged the people to come forward voluntarily to plant trees and help expand the “green cover” of the campus.

The drive was preceded by an interaction of Vice Chancellor with the teachers of the Model High School.

During the interaction the Vice Chancellor was apprised about the functioning of the school and the problems faced by the school administration and students.

Prof Talat assured his due co-operation in renovating and upgrading the school. “We will make sure that the school is kept on priority and the students be given best possible infrastructure and other facilities from the available resources of the University,” Prof Talat added.

The faculty members appreciated the efforts of VC for his keen interest in up grading the school and requested the Vice Chancellor to provide the school with a library, science lab and sports facilities.

Special Secretary to Vice Chancellor Dr Tanveer Ahmad Shah, Media Coordinator KU Dr Muslim Jan and President KUMSA Mr Qazi Jeelani along with other office bearers of KUMSA were also present on the occasion. 

Irfan Ahmad Matoo District President Peoples Conference Srinagar, on Wednesday joined Peoples Democratic Party (PDP) along with Bilal Ahmad Sofi- District Secretary, PC.

Both the new entrants were welcomed into the party fold by the PDP President and former Chief Minister Mehbooba Mufti at the party head office here.

Terming joining of both the leaders a positive development towards further strengthening of the PDP in Srinagar, Mehbooba hoped that both Irfan and Bilal will prove to be assets for the party in times to come.

PDP Srinagar District President Mohammad Khurshid Alam termed joining of the duo a big setback to Peoples Conference and said that soon more people are set to join the PDP and time is near when PC will be wiped off from state’s summer capital forever.

Other PDP leaders who were present on the occasion include Mohammad Ashraf Mir, Noor Mohammad Sheikh, Dr Ali Mohammad, Muntazir Mohi-ud-din, Abdul Hameed Kosheen, Abdul Qayoom Bhat, Aijaz Ahmad Rather and Ghulam Nabi Bhat.

SRINAGAR, MAY 01: The Unlawful Activities (Prevention) Tribunal, Delhi has issued a show cause notice to Jammu & Kashmir Liberation Front (Mohd Yasin Malik faction) (JKLF-Y) asking them to explain why their association, declared as unlawful, be not confirmed so under Unlawful Activities (Prevention) Act, 1967.

In a communiqué issued from Registrar Unlawful Activities (Prevention) Tribunal, Delhi High Court Building, JKLF-Y has been served a notice under sub-section (2) of Section 4 of the Act giving them 30 days to explain why their association, declared as unlawful, be not adjudicated to be so and why an order confirming such declaration be not made under section 4(3) of the Act.

The Tribunal has asked JKLF-Y to file objections/reply affidavits, before the next date of hearing of the Tribunal, to the Registrar Unlawful Activities (Prevention) Tribunal in Room No. 104, First Floor, ‘A’ Block Delhi High Court. The Registrar has also asked for true English Translation in case the objections/reply and documents are in regional language.

The Tribunal in its communication has asked JKLF-Y to appear through a duly authorized person before the Tribunal on 30th May, 2019 at 3:00 PM in Court Room No. 26, Extension Block, Delhi High Court for further proceedings.
The Central Government had constituted a Tribunal comprising Justice Chander Shekhar, Judge of the High Court of Delhi, for adjudicating as to whether there is sufficient cause for declaring Jammu & Kashmir Liberation Front (Mohd Yasin Malik faction) (JKLF-Y) as an “Unlawful Association” as required by sub-section (1) of Section 4 of the said Act.
The Central Government had earlier in an order declared JKLF-Y an “Unlawful Association” on 22nd March, 2019 vide Notification No. S.O. 1403(E).

BARAMULLA,MAY 01:On the eve of International Labour Day, a function was organized by Labour department at Sheerwani Hall, Baramulla today.  Presided over by the District Development Commissioner Baramulla  Dr. G.N. Itoo, the function was attended by ACD, Baramulla,  Yawar Ali Khan, Assistant Labor Commissioner (ALC), Baramulla Waheed Ahmad,Chief Executive Officer MCB Wali Mohammad Wani, Chairman Human Aid Society Bashir Ahmad, Officers of various functionaries, representatives of various Trade Unions and a good number of Labour Community.

Speaking on the occasion, the DDC while highlighting the importance of Labour Day, lauded the roll of Labourers for their hard work by virtue of which big buildings, roads and other projects are being completed. He said the issues of the laborers need to be considered on priority, for which he directed the ALC and other officials to respect these people in their offices and other institutions. The DDC said the establishment of J&K Building and Other Construction Workers Welfare Board was a revolutionary decision to empower Labour Community. He said a number of schemes are presently in vogue for the welfare of construction workers.

Offering his full support from the District Administration, the DDC said the steps will be taken for construction of Labour Sarai and other residential Sheds for Labourers in the district. He directed the concerned to identify the actual deserving so that no hurdle comes in the verification of such cases, for which he suggested to constitute a screening committee in the Labour office.

The ALC on the occasion briefed that financial assistance of Rs. 8.67 crore have been disbursed among 17036 workers under various schemes in the district during the last financial year. of this, over Rs. 7.64 crore were provided under Education Assistance Scheme, Rs. 13.73 Lakh to Chronic Patients, Rs.8.60 Lakh as death assistance while as  Rs. 3.20 Lakh provided under disability, injured and other persons.

The ACD in his speech said that Rs. 10 crore have been released under RDD sector recently in the District which will be put into the account numbers of the workers till evening today.

Chairman Human Aid Society and other speakers also spoke on the importance of Labour Day   and put forth various demands for the welfare of Labourers.   

Srinagar: Taking strong exception to the baseless allegation levelled by Congress party that Peoples Democratic Party extended its support to BJP in Ladakh, party said on Wednesday that it was Congress that destroyed the possibility of joint resistance to BJP in Jammu and Kashmir.

In a statement issued here, senior PDP leader Naeem Akhtar said that by fielding Karbalai as independent and Spalzar as official candidate, it is Congress that has broken the alliance against the BJP in Ladakh region of the state.

Akhtar said that the Congress party in Jammu and Kashmir has become a major facilitator in dividing secular votes only because some of its leaders have petty interests and have personal stakes involved. Akhtar added that Ladakh is just an extension of what Congress party did in rest of the state. “Now Mir (State Congress Chief) is audaciously blaming others. To run with the hare and hunt with the hound forms the core strategy of Congress. That is how they facilitated BJP in 2014 also,” Akhtar said.
He said that the PDP had desisted in the year 2014 also from fielding candidate and this time also, the party is supporting an independent candidate who is a young scholar and a prominent social activist, Sajjad Kargilli.

Peoples Democratic Party (PDP) on Wednesday asked the state government to provide adequate transport facilities to the NEET aspirants from Kashmir valley so that they could appear in the exam without further inconvenience.

PDP Vice President Abdul Rahman Veeri said the NEET aspirants from Valley have already been bearing the brunt of highway ban and reaching the exam venues on time is proving herculean for them.

Veeri said the government should take into consideration the hardships these aspirants face amid the present uncertain situation and the governor administration must ensure proper transportation for these aspirants so that they aren’t exposed to further hardships.

According to PDP Vice President, the government should press into service the fleet of buses so that the students (NEET aspirants) hailing from Kashmir valley are taken to exam centres located outside Kashmir on time.