+ All Categories
Home > Documents > nd 09 22 KASHMIRremoved the high-profile Chair-man of the Jammu and Kashmir Bank, Parvez Ahmad, and...

nd 09 22 KASHMIRremoved the high-profile Chair-man of the Jammu and Kashmir Bank, Parvez Ahmad, and...

Date post: 20-May-2020
Category:
Upload: others
View: 2 times
Download: 0 times
Share this document with a friend
1
C M Y K KASHMIR 22 nd Maximum : 25 O Minmum : 09 O Humidity : 85% SUNSET Today 07:23 PM SUNRISE Tommrow 05:32 AM 05 Shawal | 1440 Hijri | Vol:22 | Issue: 128 | Pages:12 | Price: `3 SUNDAY JUNE - 2019 SRINAGAR : CLOUDS & SUN 09 www.kashmirobserver.net twitter.com / kashmirobserver facebook.com/kashmirobserver Postal Regn: L/159/KO/SK/2014-2016 JK Bank Chairman Sacked; Corporate Headquarters Raided R K Chibber New Interim Head; Vigilance Officials Say 1200 Backdoor Appointments During PDP-BJP Regime Observer News Service SRINAGAR: In a surprise devel- opment, the State Government on Saturday unceremoniously removed the high-profile Chair- man of the Jammu and Kashmir Bank, Parvez Ahmad, and ap- pointed RK Chibber in his place. Minutes after the removal of Parvez Ahmed, the state vigi- lance organisation sleuths raid- ed the corporate headquarters of the bank in Srinagar. For the J&K Bank it was an eventful day on Saturday as the Governor Satya Pal Malik led administration cracked the whip by ordering removal of Ahmed and appointing a non-Kashmiri face as the head of Jammu and Kashmir’s premier financial institution. “Parvez Ahmed, More On P8 Government Spokesman Speaks K eeping in view the concerns expressed in various quarters regarding the governance and func- tioning of the Jammu and Kashmir Bank, the Government has decided to take long te7rm measures to im- prove the functioning of the Bank, so that it becomes a shining exam- ple of a well managed Government owned bank. As a first step, the Government has decided to change its nominee Director on the Board of JK Bank, Mr. Parvez Ahmed, who is also the Chairman and Managing Director. Consequent to his replacement as a government appointed Director, the Board has taken on record cessation of Directorship of Parvez Ahmed as Chairman and Managing Director. The Government has appointed Mr. R.K.Chibber, Executive Presi- dent of JK Bank as the government nominee on the Board. The Board subsequently approved his ap- pointment as an Interim Chairman and MD of the Bank. The Govern- ment has also decided to constitute a Search Committee to identify a suitable panel of names for being appointed to the Board More On P8 Have No Regrets, Am Open To Scrutiny: Parvez SRINAGAR: After his removal as chairman of the J&K Bank, Parvez Ahmad said that he has no regrets for the action taken by the governor administration and was open to scrutiny. "Abso- lutely no regrets. Did my job most diligently, honestly and in the best interest of the institu- tion. Open to scrutiny on each and every transaction I have done during my two decades of functioning in the bank," Parvez Ahmad tweeted. The former chairman was More On P8 RK CHIBBER 09 / BUSINESS ....... WORLD / 04 WHO’S AFRAID OF ARABIC NUMERALS? Before there was a Western civilisation, there was Islamic civilisation. 5 STEPS TO START & GROW BUSINESS SAUDI TEENAGER FACES DEATH PENALTY The investors in startups have matured and want to see some results, some revenues, focus on customers etc. Saudi authorities are likely to execute a teenager who has been held in pre-trial detention for almost four years. 06/ OPINION News In Brief There is no pleasure without a tincture of bitterness. --Hafez Farooq Fears Influencing Of LA Polls SRINAGAR: National Conference (NC) president and Member of Parliament Dr Farooq Abdullah on Saturday said the people of the state have to make a rational choice for the greater interests of Jammu and Kashmir in the forthcoming Assembly elections. Addressing devotees at Baba Nagri Kangan in the central Kashmir district of Ganderbal, former Chief Minister said, “Forces as are ‘inimical’ to the interests of the state will use all possible means to | Full Report on P5 Objectionable Video Of Doc, Patient Goes Viral JAMMU: Police registered a case after an objectionable video of a doctor and his patient from Jammu division’s Rajouri district went viral on social media, officials said. The case was lodged after the woman in the video registered a complaint saying that the clip was forged and edited, which was aimed at outraging her modesty, Senior Superintendent of Police Yougal Manhas said. She stated in the More On P8 FOR SUBSCRIPTIONS & YOUR COPY OF Contact : -0194-2502327 6 Days On, No Trace Of IAF Aircraft NEW DELHI: Search operations to trace the Indian Air Force (IAF) AN-32 aircraft, which went missing earlier this week, failed to yield any result for the sixth consecutive day on Saturday, despite concerted efforts by various agencies. With eight crew members and five armed forces personnel onboard, the IAF aircraft apparently lost contact with the ground control before it went off radar on June 3. More On P8 VK Singh’s Ex-Advisor Held GHAZIABAD: The former political advisor of Union minister VK Singh has been arrested for swindling the money received as donation to the BJP, police said on Saturday. Shambhu Prasad Singh was arrested on Friday night at Old Bus Stand area of the city by officers of the Sihani Gate Police Station. Singh was arrested after a complaint was lodged by a person named Ajay Tyagi, alleging that he was duped of Rs 3 lakh, said Upendra Agarwal, Deputy Inspector General of Ghaziabad. More On P8 C O U R T W A T C H Saturday 01 June 2019 khyenchyen.net World’s Food Guide To Kashmir Vol: 02 | Issue: 04 Kashmir in a Gift Box FREE with Kashmir Observer EID ISSUE On Stands. Grab Your Copy For Further Information And Subscriptions Contact 0194-250-2327 Militant Killed In Anantnag, Thousands Attend Funeral Observer News Service SRINAGAR: A militant from Jaish-e-Mohammad (JeM) outfit was killed in an encoun- ter with government forces in Nowgam area of Dooru in south Kashmir’s Anantnag dis- trict, police said on riday. A police spokesman said that following a credible in- put, a cordon and search op- eration was launched jointly by police and army in forest area of Nowgam in Dooru. “During the search operation, the hiding militants fired on the search party. The fire was re- taliated leading to an encounter,” the spokesman said. More On P8 9 Persons Killed In Leh Accident Observer News Service SRINAGAR: Nine members of two families were killed in a road accident in Leh area of Ladakh district of Jammu and Kashmir on Saturday, police said. Giving details, a police spokes- man said that a cement-laden truck (registration number JK 13B 0171) coming from Srinagar to Leh rolled down near Moon Land Lamayuru. “In this accident nine persons belonging to two families of Bil- wara Ajmer Rajasthan were seri- ously injured and were taken to hospital Khaltsi where the doctors declared them as brought dead,” he said, adding that another fam- ily member injured in the mishap was under treatment. More On P8 SAC Brings Social Welfare Schemes Under Single Umbrella Terrorism Biggest Threat: Modi FLOOD THEREAT HC Asks CWC To Continuously Monitor Jhelum Level Observer News Service SRINAGAR: The J&K high court has directed the Central Water Commission to ensure continu- ous monitoring of the water level in the River Jehlum and asked it install such equipment as is necessary keeping in view the public inter- est involved in wake of the floods. “The Central Water Commission shall ensure that it continues with the monitoring of the wa- ter level in the River Jehlum,” a division bench of Justice Gita Mittal and Justice Rashid Ali Dar. “For this purpose, the Commission shall stand permitted to install such equipment as is neces- sary keeping in view the public interest involved.” Also a status report dated 4th June 2019 was filed by Sr. AAG B A Dar. “The details of the several steps have been taken by the State Government for preparing a concrete plan of action on the issue of flooding,” the court said. “Again, we find that the status report and the annexures has not been furnished to the other side. Furthermore, no details More On P8 DELAY IN FILING APPEALS HC Pulls Up Govt, Orders Penal Action Against Officials Observer News Service SRINAGAR: The J&K High Court pulled up government for delay in filing appeals and underlined that it was high time that the decision making was made account- able and delay in taking ac- tion was penalized. “We are finding that this is not only the case where similar unexplained delay has been placed before this Court. The fact that the cases where the State is applicant, it has been noted that on account of impersonal ma- chinery and the inherited bureaucratic methodology imbued with the habit of note-making, file pushing and moving the files from table to table, unfortunately the matters are delayed on the part of the State,” a di- vision bench of Chief Jus- tice Gita Mittal and Justice Rashid Ali Dar said while dismissing an applica- tion filed by state, seeking condonation of delay in filing an appeal by the state. “It is well recog- nized that the State represents collective cause of the community. Judicial precedents have observed that the decisions are taken by officers/agen- cies proverbially at slow pace and the encumbered process for moving the files from table to table and keep- ing of files on the table for considerable time causing delay intentional or other- wise, is a matter of routine,” the division bench said in an order issued on June 4. The courts are not im- mune from grant- ing latitude and condoning the delay which had occurred on the part of the State because of the public interest which suffers, the di- vision bench said. “We would draw a cau- tion however. Every delay in decision making and tak- ing action on the part of the State cannot be condoned. It is high time that the deci- sion making More On P8 NEW DELHI: In his address to the Maldives Parliament, Prime Minister Narendra Modi on Saturday evening said that state-sponsored terrorism is the biggest threat today and it is time for a global conference on the matter. "It is a danger not just for a country or region but to an entire civilisation," he said, hours after touching down on the Indian Ocean archipelago. Speaking of India's con- tribution towards the con- servation of Maldives' Friday Mosque, Modi said: "There's no such mosque elsewhere in the world like this historical mosque made up of coral." He added that he was happy learning that the Mal- dives is working towards sustainable development and has become a part of the International Solar Alliance. Reflecting on the rich lega- cy of island More On P8 Observer News Service SRINAGAR: The State Administra- tive Council (SAC) which met here under the chairmanship of Gov- ernor, Satya Pal Malik accorded sanction to the creation of one post of Director General, Women & Child Development in the Social Welfare Department. Pertinent to mention here is that following the creation of a separate department of Women and Child Development in Government of In- dia way back in 2006, several state governments have created sepa- rate departments to specifically look into issues related to women and child development. Presently, the social welfare schemes in Jammu & Kashmir are looked after by two Directorates, namely, Directorate of Social Wel- fare Kashmir and Directorate of Social Welfare Jammu. Further, the issues related to women and child development are being addressed through the various More On P8
Transcript
Page 1: nd 09 22 KASHMIRremoved the high-profile Chair-man of the Jammu and Kashmir Bank, Parvez Ahmad, and ap-pointed RK Chibber in his place. Minutes after the removal of Parvez Ahmed, the

CM

YK

LAST PAGE.. .P.8

K A S H M I R22nd

Maximum : 25O

Minmum : 09O Humidity : 85%

SUNSETToday 07:23 PMSUNRISE Tommrow 05:32 AM

05 Shawal | 1440 Hijri | Vol:22 | Issue: 128 | Pages:12 | Price: `3

SUNDAYJUNE - 2019SRINAGAR : CLOUDS & SUN09

www.kashmirobserver.net twitter.com / kashmirobserver facebook.com/kashmirobserver Postal Regn: L/159/KO/SK/2014-2016

JK Bank Chairman Sacked; Corporate Headquarters RaidedR K Chibber New Interim Head; Vigilance Officials Say 1200 Backdoor Appointments During PDP-BJP Regime

Observer News Service

SRINAGAR: In a surprise devel-opment, the State Government on Saturday unceremoniously removed the high-profile Chair-man of the Jammu and Kashmir Bank, Parvez Ahmad, and ap-pointed RK Chibber in his place. Minutes after the removal of Parvez Ahmed, the state vigi-lance organisation sleuths raid-

ed the corporate headquarters of the bank in Srinagar.

For the J&K Bank it was an eventful day on Saturday as the Governor Satya Pal Malik led administration cracked the whip by ordering removal of Ahmed and appointing a non-Kashmiri face as the head of Jammu and Kashmir’s premier financial institution.

“Parvez Ahmed, More On P8

Government Spokesman Speaks

Keeping in view the concerns expressed in various quarters

regarding the governance and func-tioning of the Jammu and Kashmir Bank, the Government has decided to take long te7rm measures to im-prove the functioning of the Bank, so that it becomes a shining exam-ple of a well managed Government owned bank.

As a first step, the Government has decided to change its nominee Director on the Board of JK Bank, Mr. Parvez Ahmed, who is also the Chairman and Managing Director. Consequent to his replacement as a government appointed Director, the Board has taken on record cessation of Directorship of Parvez Ahmed as Chairman and Managing Director.

The Government has appointed Mr. R.K.Chibber, Executive Presi-dent of JK Bank as the government nominee on the Board. The Board subsequently approved his ap-pointment as an Interim Chairman and MD of the Bank. The Govern-ment has also decided to constitute a Search Committee to identify a suitable panel of names for being appointed to the Board More On P8

Have No Regrets, Am Open To Scrutiny: Parvez

SRINAGAR: After his removal as chairman of the J&K Bank, Parvez Ahmad said that he has no regrets for the action taken by the governor administration and was open to scrutiny. "Abso-lutely no regrets. Did my job most diligently, honestly and in the best interest of the institu-tion. Open to scrutiny on each and every transaction I have done during my two decades of functioning in the bank," Parvez Ahmad tweeted. The former chairman was More On P8

RK CHIBBER

09 / BUSINESS....... WORLD / 04

WHO’S AFRAID OF ARABIC NUMERALS? Before there was a Western civilisation, there was Islamic civilisation.

5 STEPS TO START & GROW BUSINESSSAUDI TEENAGER FACES DEATH PENALTY

The investors in startups have matured and want to see some results, some revenues, focus on customers etc.

Saudi authorities are likely to execute a teenager who has been held in pre-trial detention for almost four years. 0

6/ O

PINI

ON

P10

News In Brief

There is no pleasure without a tincture of

bitterness.--Hafez

Farooq Fears Influencing Of LA Polls SRINAGAR: National Conference (NC) president and Member of Parliament Dr Farooq Abdullah on Saturday said the people of the state have to make a rational choice for the greater interests of Jammu and Kashmir in the forthcoming Assembly elections.Addressing devotees at Baba Nagri Kangan in the central Kashmir district of Ganderbal, former Chief Minister said, “Forces as are ‘inimical’ to the interests of the state will use all possible means to | Full Report on P5

Objectionable Video Of Doc, Patient Goes Viral JAMMU: Police registered a case after an objectionable video of a doctor and his patient from Jammu division’s Rajouri district went viral on social media, officials said.The case was lodged after the woman in the video registered a complaint saying that the clip was forged and edited, which was aimed at outraging her modesty, Senior Superintendent of Police Yougal Manhas said.She stated in the More On P8

FOR SUBSCRIPTIONS & YOUR COPY OF

Contact : -0194-2502327

6 Days On, No Trace Of IAF Aircraft NEW DELHI: Search operations to trace the Indian Air Force (IAF) AN-32 aircraft, which went missing earlier this week, failed to yield any result for the sixth consecutive day on Saturday, despite concerted efforts by various agencies.With eight crew members and five armed forces personnel onboard, the IAF aircraft apparently lost contact with the ground control before it went off radar on June 3. More On P8

VK Singh’s Ex-Advisor Held GHAZIABAD: The former political advisor of Union minister VK Singh has been arrested for swindling the money received as donation to the BJP, police said on Saturday.Shambhu Prasad Singh was arrested on Friday night at Old Bus Stand area of the city by officers of the Sihani Gate Police Station.Singh was arrested after a complaint was lodged by a person named Ajay Tyagi, alleging that he was duped of Rs 3 lakh, said Upendra Agarwal, Deputy Inspector General of Ghaziabad. More On P8

C O U R T W A T C H

Saturday01 June 2019

khyenchyen.net

World’s Food Guide To Kashmir

Vol: 02 | Issue: 04

Kashmir in a

Gift Box

FREE withKashmir Observer

EID ISSUE On Stands. Grab Your Copy

For Further Information And

Subscriptions Contact

0194-250-2327

Militant Killed In Anantnag, Thousands Attend Funeral

Observer News Service

SRINAGAR: A militant from Jaish-e-Mohammad (JeM) outfit was killed in an encoun-ter with government forces in Nowgam area of Dooru in south Kashmir’s Anantnag dis-trict, police said on riday.

A police spokesman said

that following a credible in-put, a cordon and search op-eration was launched jointly by police and army in forest area of Nowgam in Dooru.

“During the search operation, the hiding militants fired on the search party. The fire was re-taliated leading to an encounter,” the spokesman said. More On P8

9 Persons Killed In Leh Accident Observer News Service

SRINAGAR: Nine members of two families were killed in a road accident in Leh area of Ladakh district of Jammu and Kashmir on Saturday, police said.

Giving details, a police spokes-man said that a cement-laden truck (registration number JK 13B 0171) coming from Srinagar to Leh rolled down near Moon Land Lamayuru.

“In this accident nine persons belonging to two families of Bil-wara Ajmer Rajasthan were seri-ously injured and were taken to hospital Khaltsi where the doctors declared them as brought dead,” he said, adding that another fam-ily member injured in the mishap was under treatment. More On P8

SAC Brings Social Welfare Schemes Under Single Umbrella

Terrorism Biggest Threat: Modi

FLOOD THEREAT

HC Asks CWC To Continuously Monitor Jhelum LevelObserver News Service

SRINAGAR: The J&K high court has directed the Central Water Commission to ensure continu-ous monitoring of the water level in the River Jehlum and asked it install such equipment as is necessary keeping in view the public inter-est involved in wake of the floods.

“The Central Water Commission shall ensure that it continues with the monitoring of the wa-ter level in the River Jehlum,” a division bench of Justice Gita Mittal and Justice Rashid Ali Dar.

“For this purpose, the Commission shall stand permitted to install such equipment as is neces-sary keeping in view the public interest involved.”

Also a status report dated 4th June 2019 was filed by Sr. AAG B A Dar. “The details of the several steps have been taken by the State Government for preparing a concrete plan of action on the issue of flooding,” the court said.

“Again, we find that the status report and the annexures has not been furnished to the other side. Furthermore, no details More On P8

DELAY IN FILING APPEALS

HC Pulls Up Govt, Orders Penal Action Against Officials Observer News Service

SRINAGAR: The J&K High Court pulled up government for delay in filing appeals and underlined that it was high time that the decision making was made account-able and delay in taking ac-tion was penalized.

“We are finding that this is not only the case where similar unexplained delay has been placed before this Court. The fact that the cases where the State is applicant, it has been noted that on account of impersonal ma-chinery and the inherited bureaucratic methodology imbued with the habit of note-making, file pushing and moving the files from

table to table, unfortunately the matters are delayed on the part of the State,” a di-vision bench of Chief Jus-tice Gita Mittal and Justice Rashid Ali Dar said while dismissing an applica-tion filed by state, seeking condonation of delay in filing an appeal by the state.

“It is well recog-nized that the State represents collective cause of the community. Judicial precedents have observed that the decisions are taken by officers/agen-cies proverbially at slow pace and the encumbered process for moving the files from table to table and keep-ing of files on the table for

considerable time causing delay intentional or other-wise, is a matter of routine,” the division bench said in an order issued on June 4.

The courts are not im-mune from grant-

ing latitude and condoning the delay which had occurred on the part of the

State because of the public interest

which suffers, the di-vision bench said.

“We would draw a cau-tion however. Every delay in decision making and tak-ing action on the part of the State cannot be condoned. It is high time that the deci-sion making More On P8

NEW DELHI: In his address to the Maldives Parliament, Prime Minister Narendra Modi on Saturday evening said that state-sponsored terrorism is the biggest threat today and it is time for a global conference on the matter.

"It is a danger not just for a country or region but to an entire civilisation," he said, hours after touching down on the Indian Ocean archipelago.

Speaking of India's con-tribution towards the con-servation of Maldives' Friday Mosque, Modi said: "There's no such mosque elsewhere in the world like this historical mosque made up of coral."

He added that he was happy learning that the Mal-dives is working towards sustainable development and has become a part of the International Solar Alliance.

Reflecting on the rich lega-cy of island More On P8

Observer News Service

SRINAGAR: The State Administra-tive Council (SAC) which met here under the chairmanship of Gov-ernor, Satya Pal Malik accorded sanction to the creation of one post of Director General, Women & Child Development in the Social Welfare Department.

Pertinent to mention here is that following the creation of a separate department of Women and Child Development in Government of In-

dia way back in 2006, several state governments have created sepa-rate departments to specifically look into issues related to women and child development.

Presently, the social welfare schemes in Jammu & Kashmir are looked after by two Directorates, namely, Directorate of Social Wel-fare Kashmir and Directorate of Social Welfare Jammu. Further, the issues related to women and child development are being addressed through the various More On P8

Recommended