J&K Chief Minister Mufti Mohammad Sayeed dies aged 79

January 7, 2016

Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed, a crafty politician who took on the powerful Abdullah family and rose to become the country's first Muslim Home Minister, died today at AIIMS here after his platelets dropped dangerously.

sayeedSayeed, 79, who took charge of the state on March 1 last year heading a PDP-BJP alliance, breathed his last this morning after remaining on ventilator for the past few days.

He was flown from Srinagar in a special plane on December 24 and admitted to the AIIMS where he was diagnosed with sepsis (life threatening complication of an infection) and pneumonia. During hospitalisation his platelets had dropped dangerously, doctors said.

He is the second J and K Chief Minister to die in office, the first one being Sheikh Mohammad Abdullah who died on September 8, 1982.

Sayeed's daughter 56-year-old Mehbooba is expected to take over as the first woman Chief Minister of the state with PDP leaders throwing their weight behind her. But this will require the approval of BJP.

Sayeed is survived by his wife, three daughters and a son.

Jammu and Kashmir government has declared a seven-day mourning and holiday today. Flags will be flown at half mast.

The mortal remains of the Chief Minister would be flown to Srinagar where the body will be kept for people to pay homage. He is likely be buried in his ancestral village Bijbehera in South Kashmir, about 48 kms from Srinagar.

Sayeed took over as chief minister of PDP-BJP coalition on March 1 last year. In the 87-member J and K Assembly PDP won 28 seats and BJP 25 while opposition National Conference got 15 and Congress 12.

Condoling the death of Sayeed, Prime Minister Narendra Modi said it left a huge void in the nation and that the leader who provided a healing touch would be missed.

"What stood out about Mufti Sahab was his statesmanship. In his long political journey he won many admirers across the political spectrum," Modi said.

Home Minister Rajnath Singh will be flying to Srinagar to attend Sayeed's funeral.

Congress President Sonia Gandhi also expressed grief over the demise of Mufti as she communicated her condolences to his wife and Mehbooba.

"In his death, the state of Jammu and Kashmir as indeed the entire nation has lost a great leader," she said.

Former Jammu and Kashmir Chief Minister Omar Abdullah, who expressed his condolences to Sayeed's family at AIIMS, tweeted, "Just heard the terrible news of Mufti Sahib's passing away. I'm shocked and deeply saddened. May he rest in peace".

Former Union Minister Farooq Abdullah also condoled the death of Sayeed.

In a political career spanning nearly six decades, Sayeed carved a niche for himself in national and Jammu and Kashmir politics with the craftiness and unwavering focus of an avid bridge player he was.

He emerged as a rival power centre to the mighty Abdullahs, always playing his cards close to the chest, while making friends with parties following conflicting ideologies to suit his political agenda.

The high-points in the political journey of Sayeed, who would have turned 80 on January 12, was his being catapulted to the chair of free India's first Muslim Home Minister in 1989 in the V P Singh government and, years later, becoming the Chief Minister of the restive state for a second time in 2015, heading a coalition with BJP, which had its first brush with power in the only Muslim-majority state.

Sayeed's stint in the Home Ministry, at a time when militancy had begun to rear its ugly head in his home state, would, however, be most remembered for the kidnapping of his third daughter Rubaiya by JKLF. The militants demanded freeing five of their comrades in exchange for Rubaiya's freedom and let her off only after their demand had been met.

The kidnapping and subsequent release of the militants, according to Sayeed's rivals, projected India as a "soft state" for the first time.

Born in Baba Mohalla of Bijbehara in Anantnag district on January 12, 1936, Sayeed had his early education at a local school and graduated from S P College, Srinagar. He went on to obtain a law degree and Master's degree in Arab History from Aligarh Muslim University.

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News Network
May 25,2020

New Delhi, May 25: Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic.

The association, which has around 15,000 developer members, has sought one-time debt restructuring, lower interest rate on home loans and tax sops to boost liquidity and demand in the sector.

In an open letter to the prime minister, the Confederation of Real Estate Developers' Associations of India (CREDAI) said, "In this distressful situation arising out of the COVID-19 calamity, we in the real estate sector seek immediate relief for our survival."

Stating that the sector contributes substantially to the country's GDP and has backward and forward linkages with almost 250 industries, CREDAI said, "Our survival, therefore, is not just desirable, it is rather crucial for the economy."

Liquidity crunch, stagnant demand and cartelization of raw materials are major impediments for the industry to kickstart, it added.

CREDAI made seven recommendations to revive the sector and sought immediate intervention from the prime minister.

Pointing out that the situation is "much worse" than global financial crisis in 2008, CREDAI said "a one-time restructuring scheme as was permitted by RBI in 2008 may be quickly instituted by all lending institutions."

Since real estate was already reeling under a cyclical downturn before COVID-19, debt restructuring needs to be allowed for all accounts which were standard as on December 31, 2019, it added.

CREDAI demanded that all banks, non-banking financial companies (NBFCs) and housing finance companies (HFCs) should be directed to provide additional credit equal to 20 per cent of the existing real estate project related advances with no additional security and without the classification of project as NPA.

The penal interest charged by banks and financial institutions should be suspended for a period of one year or until such time as it takes for the pandemic to abate.

To revive housing demand, CREDAI suggested that "government should reduce the maximum rate of interest on new home loans to 5 per cent by subsidizing the interest component of EMIs for next five years."

The limit of principal deduction on housing loan under Section 80C should be increased to 2.5 lakh.

Interest deduction under Section 24 on housing loan for homebuyers may be increased to Rs 10 lakh, it said.

There should be no capital gains for residential properties held for a period longer than one year.

CREDAI also demanded that the subvention scheme be allowed again by National Housing Bank (NHB) and the Reserve Bank.

Under the scheme, builders used to pay EMIs on behalf of homebuyers during construction of projects.

"The economic uncertainty and job insecurity at the moment would not allow purchase of residential property at this time. A scheme whereby a homebuyer would need to pay only margin money with no EMI for 24 months will address this insecurity," the letter said.

The association pointed out that prices of cement and steel have been increased during the lockdown period, and asked for crackdown on cartelisation by manufacturers.

On the GST front, CREDAI said that the current regime of GST provides a rate of 1 per cent  for affordable housing.

"The limit of Rs 45 lakh serves as a criterion of affordability for the purpose of GST. On all other housing, GST is applied at the rate of 5 per cent without input tax credit. It has been felt that the criterion of Rs 45 lakh is too low an index of affordability anywhere across the country, and especially so in the metros," the letter said.

It will serve as an inducement to buyers in the metros if the benefit of GST at the rate of 1 per cent is extended to units costing up to Rs 75 lakh, the association said.

CREDAI pointed out that the flat rate of 5 per cent GST for under construction residential housing is causing cost build up and is acting as a deterrent for sale of under construction projects since there is no GST on completed units.

It suggested that GST rate of 1 per cent and 5 per cent, without input tax credit, should continue.

"However, an option of GST @12 per cent for normal housing/ 8 per cent for affordable housing (with 1/3rd deduction for land i.e. effective GST rate of 8 per cent for normal housing and effective GST rate of 5 per cent for affordable housing) with input tax credit (ITC) benefits in line with the scheme applicable for the works contracts for government may be revived and made applicable to the real estate," the letter said.

Lastly, CREDAI demanded that a Rs 25,000 crore stress fund for completing stalled housing projects should be deployed at the earliest.

"We shall be grateful for your much-needed intervention for the above mentioned measures required to revive the real estate sector," CREDAI said in the letter to the PM.

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Agencies
July 8,2020

New Delhi, Jul 8: India has reported a spike of 22,752 COVID-19 cases in the last 24 hours, taking the country's coronavirus tally to 7,42,417 on Wednesday, informed the Union Ministry of Health and Family Welfare.

Out of the total cases reported, 4,56,830 patients have been cured/discharged from the disease while one patient has been migrated, the Health Ministry informed.

It added that there are 2,64,944 active cases in the country.

482 deaths reported in the last 24 hours due to COVID-19 in the country, taking India's death toll to 20,642.

According to the Union Health Ministry, Maharashtra continues to be the worst affected state reporting 2,17,121 coronavirus cases and 9,250 fatalities.

Tamil Nadu -- the second worst-affected state from COVID-19 -- has a total of 1,18,594 cases and 1,636 deaths due to coronavirus.

While Delhi has a total of 1,02,831 COVID-19 cases including 3,165 deaths.

The Indian Council of Medical Research on Wednesday informed that a total of 1,04,73,771 samples tested for COVID-19 up to July 7. Of these, 2,62,679 samples were tested on Tuesday.

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News Network
May 28,2020

New Delhi, May 28: With 6,566 more coronavirus cases and 194 deaths reported in the past 24 hours, India's COVID-19 tally reached 1,58,333 on Thursday, according to the Union Ministry of Health and Family Affairs.

The number of active coronavirus cases stands at 86,110, while 67,692 people have recovered and one patient has migrated, it said. The death toll due to the infection has reached 4,531 in the country.

Maharashtra is the worst affected state with 56,948 cases. Tamil Nadu has recorded as many as 18,545 cases while Gujarat and Delhi have recorded 15,195 and 15,257 coronavirus cases respectively.

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