Friday, 30 June 2017

Between Two Eids

Within days after teenage rebel was killed soon after the Eid 2016, Kashmir started changing rapidly. A year later, almost everybody in Kashmir is grappling with one or the other challenges, all created within an year

Kashmir is unpredictable. The year that has gone by since Kashmir celebrated the last Eid explains this phenomenon in detail. Unlike last Eid, the June 26, 2017 celebration after a month-long fasting in scorching heat, Kashmir has huge challenges to manage in coming months. This holds true for a common man as starkly as it is visible for the governors of the place. The ideological split of the space offers no discount to any side.

As diplomats have started reposting those ‘what if’ questions on the first death anniversary of teenage rebel Burhan Wani, the tensions in the ruling system have multiplied. With the security situation so hot and dicey, the ruling party is increasingly becoming unsure of itself. Now it has reached a level that even routine could get disrupted.

While the Goods and Services Tax (GST) will be in vogue in the entire Indian market, J&K played the ball in such a way that it is closer to a self goal. It summoned an assembly session to discuss the issue, then skirted it to obituary references and then called it a day. The reason: it wanted to settle the issue outside the assembly and then create a distinction for its politics. Opposition knew it better and Delhi pulled a bit of strings. It enforced a new inertia.

“I do not know how to transact the business from July 1,” Area Manager of a top FMCG company said. “One day of halt to the supply chain means Rs 5 crore and that is not a small amount.”

Ruling party and the opposition is on the same page. Both believe there is no escape from the new tax regime. Both believe this dilutes the state’s exclusivity in deciding its tax systems and want safeguards. The broad way-out, they talk at their own levels, is almost similar. But still the government is unable to manage ending the uncertainty.

The lethargy with which the government has handled the issue is very costly. There is no possibility of manufacturers selling anything to J&K in absence of a clear linkage under GST systems. Similarly, there is no possibility of buyers for any taxable ‘exports’ to the mainland. Even if there are purchases from the mainland India, the lack of input tax will make things dearly for the consumers in J&K and a possible VAT back home will make them almost unaffordable. This is despite the fact that most of trade in J&K retains almost a 60-days stock.

Ruling PDP had, apparently arrived at some consensus with its ally in Delhi, about the GST rollout in J&K. That was primarily the reason why Finance Minister Arun Jaitely started talking about the rights of the J&K to invoke its constitution for that purpose. For BJP, working overtime to hawk a single socio-economic culture in India, a silent GST rollout in J&K would not have impacted its politics in the cow belt. Now the GST becoming a noisy affairs in J&K, the positions have started hardening. BJP in the state has already started talking about “undiluted” GST. Given the fact that the trade and the manufacturing lobby in Jammu will be the first to be impacted by the absence of GST, the situation is causing its own pressures which can adversely impact the situation in Kashmir.

The economic tensions came at a time when Kashmir has already suffered a serious slowdown because of a failed tourist year. “In April, we were all right with more than fifty percent bookings,” an executive in Srinagar’s Taj Viventa said. “Then all of a sudden, things started going off the script and the bookings started getting cancelled so quickly that we have not even 10 percent occupancy.”

With tourist season almost decimated, one option for Kashmir was to be the Amarnath yatra. Trade insiders said they are expecting good number, if one goes by what the Shrine Board says, but most of the expected footfalls are from the lower economic classes. This means that the hospitality sector is unlikely to see a huge benefit in the yearly Hindu pilgrimage starting later this week.

The pilgrimage, at the same time, has very strong links with the governance of the place. Though Syed Ali Geelani has dismissed the reports of any tensions to the yatra, the security grid is unwilling to take chances. It has drawn an elaborate security plan about escorting the convoys of pilgrims from Jammu up to the cave and the massive area domination. The security set up is so tense that any confusion can trigger a crisis. And in that situation, what will be the fate of ruling coalition? That is the real worry being discussed in whispers within and outside the civil secretariat.

The TV networks are massively contributing to drum up the security threats. In a TRP race, they have already dented their credibility in the state to an extent that now anybody can sit in the studio and get molested. In recent days, they have dubbed the Kashmir “guests” on various shows as Gandi Nali Kay Keady (gutter worms), pigs, and more recently rascals. While these lazy, noisy debates have started seriously impacting the ground situation, the government is watching as mute spectators. Any media organization in J&K with even a fraction of this irresponsibility would have invoked a sertious action but the government is not exercising its rights even in blocking these channels within the state. The fact is these TV channels lack any role in policy making, but they are emerging as major hate mongering platforms. This hate will eventually find some space to manifest itself. That phenomenon will seek costs from Kashmir society.

Tensions are up within and outside Srinagar because of the unusual shift in militancy. The security grid, especially the state police is facing so much of heat at societal level that they have seemingly started seeking the rebels, a phenomenon that did not exist a year back. Almost on daily basis, there are encounters. And every encounter sees massive mass involvement both at the action level and post-encounter rites. In last one year, the massive gatherings have been either on Fridays in the mosques or in the funeral prayers.

This insecurity has led to increased contact between the counter-insurgency systems and the civilian population which, sometimes, has colossal costs. The return of the withdrawn garrisons in certain areas of south Kashmir has added to the tensions because their reopening came after a protracted debate over reducing the presence of the soldiers. For a society that is trying to emerge out of pellet-dominated 2016 summer, the hate and anger appreciates with every police action. A good number of people rounded up in 2016 are still in jails and hundreds of young men are still frequenting hospitals to see their wounds heal. This is happening at a time when some of them are already on the police radar.

Student unrest was one of the many manifestations of this situation. It has impacted the education to large extent this season and is anticipated to limit the celebrations of the post-Ramzan wedding season. This is happening at a time when the media is reporting increased supplies of riot gear from Delhi that does not exclude pellets and other so called non-lethal weaponry.

The only intervention that could have doused the flames to an extent was the political intervention. But Delhi – in wake of the state elections it is facing in coming days, is hard posturing towards Islamabad and the Kashmiri separatists. This situation is simmering Kashmir and has led to the belief that it was an extension of the ‘reverse social engineering’ that BJP has used in elections in the cow belt: keeping India’s one percent population in turmoil to manage the 99 percent better!



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Media consultant to CM Suhail Bukhari resigns; Likely to join politics

Srinagar

Media consultant to CM Mehbooba Mufti, Suhail Bukhari has resigned from the post, sources said.

Bukhari had submitted his resignation 10 days ago. However, his resignation was formally accepted yesterday (Thursday) only.

The job of media consultant was to promote government policies and monitor social, electronic and print media. The idea was to manage positive perceptions of the government among the people.

Suhail Bukhari

Local reports said that Bukhari was told to go for not performing well.

However, sources told Kashmir Life that Bukhari resigned due to personal reasons, voluntarily.

Sources said that Bukhari is planning to joint politics. “Bukhari is planning to join the Peoples Democratic Party (PDP), formally,” they said.

However, another source close to Bukhari contested the claims and said that the news of Bukhari joining politics in baseless. “He is in fact joining back some media house,” the source added.

Kashmir Life could not contact Suhail Bukhari for his comments.



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Thursday, 29 June 2017

Govt places Mirwaiz under house arrest

Srinagar

Authorities on Friday placed Hurriyat conference (m) chairperson Mirwaiz Umar Farooq under house arrest.

Pertinently, Mirwaiz was placed under house arrest on last Friday (Juma-tul-vida) as well and he was not even allowed to deliver his sermon on Eid.

KL FilevPhoto by Bilal Bhadur

Mirwaiz Umar Farooq, Kashmir’s head priest, delivers a Friday sermon in the file picture at Jami Masjid Srinagar. KL Image/Bilal Bhadur

Joint resistance leaders including Syed Ali Geelani, Mirwaiz Umar Farooq and Muhammad Yasin Malik have called for protests after Friday prayers against the US State Department for announcing Hizb chief, Syed Salahuddin as “a global terrorist”.

United Jihad Council (UJC), an amalgam of the militant outfits headed by Salahuddin has also called for the same kind of protests.

Authorities have imposed restrictions in Srinagar parts coming under five police stations to “maintain law and order”.



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Sgr-Jmu highway closed due to landslides

Srinagar

The Srinagar-Jammu highway was blocked on Friday due to landslides after heavy rains along the highway, reports said.

Representational Image

The closure of the highway resulted in the stranding of thousands of passengers including the Amarnath Yatris.

Official sources said that no Yatri was allowed to move towards the Kashmir Valley from Jammu keeping in view the condition of the highway.

The landslides were triggered by incessant rains throughout the night, they said.



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Amarnath Yatra suspended due to bad weather

Srinagar

The Amarnath Yatra, which began yesterday, was suspended at Baltal and Chandanwari, the two main base stations for Yatris, due to heavy rainfall, reports said on Friday.

Thousands of Amarnath pilgrims had reached Baltal base camp to start the 14-kilometre long trek to the cave shrine on Friday morning.

However, the yatra was suspended due to overnight heavy rainfall and inclement weather forecast, said an official.

“The yatra has been temporarily stopped because of bad weather and slippery road conditions. The yatra will resume only after the weather improves and the latest weather forecast from the meteorological department,” said SSP Ganderbal Fayaz Ahmed Lone.

Yesterday a Yatri was killed after a shooting stone hit him on way to the cave along Chandanwari route.



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Restrictions imposed in Srinagar parts to foil protests

Srinagar

Government on Friday imposed restrictions in parts of Srinagar on Friday to prevent protests called by pro-freedom leaders.

The leaders have called for post Friday prayer protests in the Kashmir Valley against the US administration’s decision to declare Hizbul Mujahideen chief Syed Salahuddin a “global terrorist”.

The restrictions have been imposed in the areas falling under the jurisdiction of five police stations — Khanyar, Rainawari, Nowhatta, M.R. Gunj and Safa Kadal, the police said.

Shops, public transport and other businesses remained shut in these areas.

Heavy deployments of police and Central Reserve Police Force (CRPF) have been made in sensitive areas of Srinagar and other districts, the police said.

Traffic movement was normal where there were no restrictions. Inter district transport also moved as usual, officials said.



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104th SLBC Meet: JK Bank contributes 71% of total credit disbursement of Rs 16802.34 Cr

Srinagar

J&K Bank today convened the 104thState Level Bankers’ Committee meeting here at SKICC, which was presided over by J&K Chief Secretary Bharat Bhushan Vyas.

Briefing the house on the occasion J&K Bank Chairman & CEO and Convener JKSLBC Parvez Ahmed said, “The banks operating in J&K have extended total credit of Rs 16802.34 Cr to 553975 beneficiaries under Priority as well as Non-priority sector during the FY 2016-17 against annual target of Rs 27649.47 Cr for 1242750beneficiaries under Annual Credit Plan (ACP) 2016-17, thereby registering an achievement of 45 percent (pc) in physical terms and 61 pc in financial terms.”

This includes Priority Sector credit of Rs 9331.49 Crdisbursed in favour of 355838 beneficiaries against the annual target of Rs 18267.84 Cr for 939363 beneficiaries (constituting 51 pc achievement in financial terms) and Non-priority sector credit of Rs 7470.85 Cr disbursed in favour of 198137 beneficiaries against annual target of Rs 9381.63 Cr for 303387 beneficiaries (constituting achievement of 80 pc in financial terms).

Notably, J&K Bank alone has disbursed Rs 11906.37 Cr, which makes for 71 pc of the total credit extended by the 46 banks and financial institutions operating in the State.

The meeting was attended by Financial Commissioner Revenue Lokesh Dutt Jha, Commissioner/Secretary Finance Navin Kumar Chaudhary, Commissioner/Secretary Housing & Urban Development Hirdesh Kumar, Regional Director Reserve Bank of India N K Sahu, Chief General Manager NABARD Vijay Kumar, other senior functionaries of the State Government, banks, representatives of insurance companies and BSNL.

On the occasion Chairman and CEO Parvez Ahmed expressed his gratitude to the Chief Secretary for having consented to chair the 104th SLBC. Along with Regional Director RBI, he also felicitated the Chief Secretary by presenting him a Kashmiri Shawl as a token of affection. “I am confident of having greater value additions to the house under the able guidance of the chief secretary,” said Parvez Ahmed.

In his presidential remarks, Chief Secretary B B Vyas thanked the Convener SLBC and the house for felicitation on his elevation as the Chief Secretary of J&K.

He emphasized upon the role of banks in J&K as extremely important particularly as the state is passing through a rather difficult phase.

Commenting upon the lending of banks he said, “Our priority should be on the focus areas like pushing the Credit Deposit Ratio up to that of 60%, the target given by the RBI Chief. It is a task where we are lagging behind and we need to gear up and work together to achieve this.”

Citing the engagement of youth in remunerative enterprises, Chief Secretary urged the bankers to launch a concerted campaign.

He said, “A different way of financial inclusion through association and integration of youth needs to be implemented. Skilled enterprises and new business activities must be driven by the young women and men of the state who are exceptionally gifted and talented. It is for financial institutions to channelize and galvanize their energy and put them on some very remunerative kind of enterprise. I assure complete support from the government whenever and wherever you need.”

In spirit of cooperation to move forward, Chief Secretary suggested the SLBC for better appreciation of the targets and their realisation.

He urged the house to set smaller targets and then achieve them.

Chief Secretary also pointed out that despite having huge potential, the credit offtake under Housing and Education Sectors has remained abysmally low. He impressed upon the banks to put in concerted efforts so that credit disbursements under these sectors is substantially improved.

In order to address the issue, a Sub-Committee was constituted which will be chaired by the chief secretary along with commissioner secretary, Finance department, chairman J&K Bank and senior functionaries from the state government and major banks, The sub committee would look into the impediments in the way of smooth disbursement of credit under Housing and Education Sectors and also to draw the roadmap for creating awareness among the masses about the Education and Housing Schemes of banks.

Earlier, commenting on the performance of banks in Government Sponsored Schemes (GSS) in the State, Chairman Parvez Ahmed said that against the Annual Action Plan 2016-17 target of Rs 201.88 Cr for 9991beneficiaries for all banks operating in the State, the achievement of banks under four major sponsored schemes viz. NRLM, PMEGP NULM and SC/ST/OBC stood at Rs 136.89 Cr for 7508 beneficiaries in all the three regions of the State thereby achieving 68 pc of the target in financial terms.

Breaking the priority sector further into sub-sectoral achievement of targets, he said, “86 pc of the targets have been achieved in Agriculture, 50 pc in MSME, 63 pc in Export Credit, 49 pc in Renewable Energy and 18 pc in other segments.”

“Looking at the credit dispensation across three regions of the state, we have achieved 69 pc of targets in Kashmir, 50 pc in Jammu and 100 pc in Ladakh”, he said.

The chairman was quick to add: “As compared to the annual credit plan (ACP) achievements of 31% during the first three quarters, there was a considerable push in credit disbursement during the last quarter of FY 2016-17 which alone accounts for 30% ACP achievement.”

Commenting upon the dismal performance in numbers under Housing and Education finance, which is only 17 pcand 12 pc respectively, Chairman Parvez Ahmed remarked, “We must concede that it is our collective focus on all the three regions of the state, especially under the buckets with lower credit dispensation like Housing and Education, which we can leverage to move ahead with greater zeal for better returns.”

Regarding Credit Deposit ratio (CDR), Chairman said, “Due to huge surge in deposits because of Demonetisation coupled with very low credit off-take, the CDR in the state dipped considerably from 49.11 pc from 31st March 2016 to 44.63 pc on March 31, 2017.”

“However, the situation has improved considerably after impact of demonetization has subsided, I am optimistic that all the banks in the state will put in their efforts to improve CD Ratio and achieve the targets as prescribed by the Reserve Bank of India”, he said.

He emphasized upon the need for addressing the issue of subdued C.D. Ratio in the state and advised the banks to initiate necessary measures for substantially improving the same.

On digital banking, Chairman remarked, “As Aadhaar and mobile are prime constituents of digital India, banks have focused on seeding each and every account with both the components. So far 56 pc of the individual operative accounts have been seeded with mobile numbers and 36 pc of the total Aadhaar generated in the state have been seeded to the respective bank accounts.”

“The banks are working in tandem with the government and have actively participated in the “Digidhan melas” organized by the state government to embrace the latest technology for promoting digital banking system”, he added.

Regarding Financial Inclusion, Chairman Parvez Ahmed informed the house that the SLBC has initiated implementation of the new RBI directive of opening Brick & Mortar branches in the villages having population above 5000 where under 104 villages have been identified and allocated to 8 major banks.

He expressed hope that the banks would be able to meet the targets well within the stipulated timeline by using the revised policy guidelines issued by the RBI.

Making important interventions during the meeting Commissioner Secretary Finance Naveen Kumar Chowdhary urged banks with large presence besides J&K Bank to push their lending figures up in the state.

Responding to a question about setting up of the farmer training centers he said, “We have taken up the matter with deputy commissioners of Pulwama and Kathua districts and the land has been identified.”

The house finally decided that the PNB would open the Farmers’ Training Center in Kathua, while as J&K Bank would start the FTC at Pulwama.

Commenting upon the insertion of few chapters on financial inclusion in the academic syllabus he said, “We have handed over the literature to the JK BOSE authorities and certain chapters will be included in different classes for next academic session.”

Apprising about the digitization of the revenue records Commissioner Secretary Lokesh Dutt Jha said, “The progress is going on in Jammu division as well as in Kashmir division. But I think the timelines, earlier set for March 2018 for Jammu and Srinagar divisions, are going to be revised because of various interruptions which have taken place. The service provider has been told to complete the process tehsil wise. However, it is a massive task where a few crore documents are scanned, processed and digitized which should be appreciated but whatever part is completed we will at least try to get that operational.”

Chief General Manager NABARD Vijay Kumar and Regional Director RBI N K Sahu also made some insightful observations during the meeting and added useful inputs to the deliberations in the house.

Concluding the meeting, Convener SLBC Parvez Ahmed urged the bankers, senior government functionaries and others present on the occasion to cooperate in order to synergize the workings of different institutions so that collective goals of financial growth and development can be achieved across the state smoothly.



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