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11 PSUs ‘bleeding red’ with Rs 2077 Cr balance

10 years after Godbole, J&K Minerals, J&K AIDC, J&K SRTC and J&K Industries Ltd top the bankruptcy list

9/1/2009 11:24:01 PM

AHMED ALI FAYYAZ SRINAGAR, Sep 1: In the year 1999, Godbole Committee had recommended closure of almost all the “Corporations” that had been running in the red but providing livelihood to nearly 22,000 staff in Jammu & Kashmir. With few employees showing receptivity to Godbole’s ‘Golden Handshake’ and the successive governments turning the Public Sector Undertakings (PSUs) into their fiefdom, cumulative red balance of eleven Corporations has reached Rs 2077.35 on March 31, 2009. In written reply to MLA Zadibal Pir Afaq Ahmed’s un-starred question in Legislative Assembly today, Minister of Finance Abdul Rahim Rather made a startling disclosure when he said that as many as eleven of the sta...

Visionary measures, not magic wand, can reform power sector

9/1/2009 11:23:29 PM

VIKRAM GAUR Jammu, Sept 1: Chief Minister Omar Abdullah, who holds the Power Department, just can’t wish away the challenge of reforms by handing over the answering job in assembly to Tourism Minister Rigzin Jora as there is no magic wand to bring the transmission and distribution losses down and put the sector in stream of discipline. Need of the hour is drastic remedial measures. After keenly going through the statements made in the Legislative Assembly on reduction of Transmission and Distribution losses from the currently prevailing rate of 72 per cent, it is important to clarify here that T&D loss is a misnomer as the huge loss figure includes large scale unchecked theft of powe...

India puts off talks with Pak

9/1/2009 11:23:08 PM

New Delhi Sep 1: Unhappy with Pakistan's lack of action against the Mumbai attackers after the Sharm el-Sheikh summit meeting, India has decided to put on hold a meeting between the foreign secretaries who were expected to meet this month. Foreign Secretary Nirupama Rao is unlikely to go to Islamabad for talks with her Pakistani counterpart Salman Basheer before the foreign ministers of the two countries meet in New York later this month, official sources said. Prime Minister Manmohan Singh and his Pakistani counterpart Yusuf Raza Gilani met at Egypt's Sharm-el-Sheikh resort July 16 and agreed that foreign secretaries should meet "as often as possible," and report to their foreign minis...

Inter-district recruitment ban Bill shelved as NC gives in to Congress

9/1/2009 11:22:52 PM

ZAFAR CHOUDHARY/ AHMED ALI FAYYAZ Jammu/Srinagar, Sept 1: Not in any mood to damage its Jammu specific political constituency, the coalition partner Congress appears to have scored a significant brownie point over the National Conference as it managed to get the Bill on banning inter-district recruitments shelved for now. However, the Congress’ significant political triumph was not without cracks within the party as two Ministers –Taj Mohiuddin and Sham Lal Sharma –locked horns in the Legislative Assembly as the former pleaded Kashmir cause and the latter batted for Jammu. Interestingly, the key player in the whole issue, the National Conference, particularly its legislators from North...

Absconding bank cashier held

9/1/2009 11:22:24 PM

Early Times Report Jammu, Sept 1: A cashier of Jammu and Kashmir Bank, who absconded with a cash of Rs 39.5 lakh, was arrested by the police from Bhaderwah town of Doda district early today. Mohammad Lone, a cashier with J and K Bank of Bhaderwah branch, resident of Marwah, who absconded with Rs 39.5 lakh yesterday, was apprehended during wee hours today, police sources said. The Sources said Lone left the bank after handing the keys to his colleague.He was arrested from his hometown in Marwah on specific information and is being interrogated, a senior police official said. He said the details about the amount he carried along were yet to be ascertained. ...

Omar meets PC

9/1/2009 11:21:44 PM

Early Times Report Jammu, Sept 1: Chief Minister Omar Abdullah today had a meeting with Union Home Minister P Chidrambram in New Delhi and discussed with him the security situation prevailing in Jammu and Kashmir. After meeting the Home Minister, the Chief Minister told reporters that the replacement of paramilitary forces in the valley is a ongoing process. ...

Three killed, 17 injured in Chenani mishap

9/1/2009 11:21:24 PM

Sarita Jamwal Udhmapur Sept 01- Three persons were killed while seventeen others were critically injured, in Mini bus, accident at Bashat on Chenani Sudh Mahadev road in Udhampur , today. According to reports the Mini bus bearing registration number JK14A/5497, which was on way from Chenani to Sudh Mahadev, fell into the deep 200 feet gorge at village Bashat when driver failed to negotiate a sharp curve killing three persons on spot and critically injuring 17 others. Those killed in the accident were identified as Shamsher Singh, Alif Din and Sawetri Devi all residents of Bashat. Those injured included Kalshoo Devi , Udham Singh , Sudesh Kumar , Vidya Devi , Manu, Mohan Lal , Zali...

8 DySPs, Inspectors, transferred, adjusted

9/1/2009 11:21:06 PM

Early Times Report Jammu, Sept 1: The Police Headquarters has ordered transfers and posting of eight Deputy Superintends of Police, including an IPS officer who was officiating as Sub-Divisional Police Officer. Meanwhile, the Range and District Police Jammu have also ordered adjustments of several Inspectors, including some Station House Officers. According to an order, Mohit Gupta IPS, SDPO Akhnoor is transferred and posted as ASP Crime Kashmir Vice Shri Shabir Ahmad. Zahoor Ahmad DYSP, OSP SSP office Srinagar is transferred and posted as DYSP. Police Petrol Pump Srinagar Vice Shri Bashir Ahmad. Mushtaq Ahmad DYSP under orders of transfer as AC HG Jammu is posted as SDPO Akhnoor vic...