x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   For central- heating at bungalow, JKPCC babu dupes Govt hospital! | Patnitop: Hotels violate pollution norms, ruin fragile environment | J&K Bank past audits under scanner, SEBI guidelines thrown to winds | Mehbooba’s appreciation of Rahul raises many eye-brows ! | Can’t kiss, hug my wife due to threat of Covid: Farooq | IIT Jammu recommends ‘Retrofitting’ of Rehmat-e-Aalam hospital | JK reports 126 new cases of Corona Virus; no fresh death, positive cases reach 123343 | Horticulture Deptt fails Market Intervention Scheme | J&K industrial package will be Sanjeevani in generating employment for youth: LG Sinha | BJP’s young DDC members pledge to develop J&K | Contractor alleges corruption in RDD | Residents protest against PWD, JMC | Natrang presents Urdu play | Commissioner Secretary HED visits NCC Training Camp at Nagrota | Ex-Director Information questions Govt’s rigidity for continuation of farm laws | Impressive Nagar Kirtan taken out | Raina Arogya Trust launched in Jammu | First-ever snowshoe run organised in Srinagar to boost winter sports | Western disturbance to hit J&K, Ladakh from Jan 22: MeT | Act against rumour mongers | The Paradigm Shift in Politics of Jammu and Kashmir | Education on moral values a must for school children: Vijay GarG | WHY TO DESTROY GIFT OF LIFE …. DONATE IT | Stop rhetoric; focus on development, employment generation: Rana tells BJP | Police foils farmers protest rally led by DDC member Tony | Pak continues to instigate Kashmiri youth into terrorism | Divisive politics has no place in J&K: Manjit Singh | JKTA holds meeting, raises burning issues of teachers | Launch of vaccine historic achievement of PM Modi: Kavinder | People with vested interests trying to malign Dharmarth Trust’s image' | Congress castigates "ages old dynastic politics of Kishtwar" | BJP assigns new responsibilities to party general secretaries | JTC holds protest in Jagti | One-way traffic resumes after 6 days on Srinagar-Jammu highway | DRWs, casuals, need based workers worst sufferers in BJP rule: Harsh Dev | Police busts extortion racket posing as LeT | BJP will form the next Govt in J&K with absolute majority: Ravinder Raina | PDP leader Naeem again shifted to jail from hospital in Srinagar | BDC chairman Mandi, former minister, several deputations call on Lt Governor | No encounter in Jammu & Kashmir so far in new year | BJP strengthened democratic system in J&K, freed Kashmir from dynastic exploitation: Dr Andrabi | Abrogation of Article 370 improved governance, restored faith in govt institutions: GOC Northern Command | Bhukhari slams bureaucracy, says fails good governance | JCCI holds elections , Arun President, Anil elected Sr. Vice President | Differing from Omar, Farooq casts doubt on COVID vaccines: ‘Ónly Time Will Tell’ | Abdullah requests PM to restore 4G internet | People face hardships due to dilapidated condition of Gahan road | Food supplier raises same bill for different items provided to participants of national level seminar | J&K lacks Critical Care Ambulance, PAD during emergency situations | ET follow up : Ganouri-Tanta Village Electrified for the first time since independence | Overhauling in BJP within seven-month ‘due to below’ expectation result in DDC elections | Choked drain near Shivaji Chowk annoys residents, solution still far away | Hausla: A video song on KPs exodus to release on Jan 19 | Back Issues  
 
news details
Industrialists term turning JK Bank into PSU as 'economic terrorism'
Demand revocation of Govt order
11/29/2018 11:28:53 PM
Early Times Report

Srinagar, Nov 29: Valley based industrialists on Thursday termed the Governor led administration's decision of turning JK Bank into PSU as 'economic terrorism' and asked the government to revoke decision by Saturday.
Industrialists Association Khunmoh (IAK) on Thursday held a presser to pitch for the revocation of the order that has come under severe criticism from different quarters.
IAK members including Kaiser Shahid Sr Vice president, Yasir Khan Vice president, Imran Murataza General Secretary, Shaheem Khan Secretary Finance and Javaid Ah Lone Secretary said that the recent decision taken by the government to reduce JK Bank as PSU was 'economic terrorism', saying that such decision are unacceptable to the people. "The decision should be revoked till Saturday, the Industrialists will observe shutdown on Saturday (December 01) in case the decision won't be revoked," they said.
According to KNO correspondent, they claimed that 'apprehensions are that the bank will be merged with any other bank soon in case the decision will not be revoked'.
"Since its inception in 1938, JK bank enjoyed its economic freedom and attain important position in the society of J&K with its hard work, honesty and integrity adds value to the people of Jammu & Kashmir and supports native industries of J&K as the bank is the main institution providing financial support to industries," they said.
The industrialists said that the model proposed by Government of India for treating J&K bank as PSU is a failure model as out of 21 PSU in India, 17 are loss making.
"JK bank is the only bank owned by its state, which is a special privilege to this state by making it PSU is a simple erosion of economic freedom and special status of Kashmir," they said.
"As J&K bank is a listed company its mandatory for the listed company to disclose its financials in front of the general public as when required. J&K bank are already under the ambit of RBI, NABARD and Attorney general Audit designated by central government," they said.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU