Kashmiri migrants to get 3000 addl jobs, 6000 accommodations

November 18, 2015

New Delhi, Nov 18: 3000 additional government jobs and 6,000 transit accommodations will be provided to Kashmiri migrants in the Valley, according to a decision of the Union Cabinet which also enhanced monetary assistance for people displaced from the hilly areas of Jammu region.pmo

Giving details of the two Cabinet decisions, Minister of State in the PMO Jitendra Singh said additional 3000 jobs in the state government will be provided to the Kashmiri migrants with financial assistance from the central government.

The Kashmiri migrants, to whom state government jobs are provided, will also be given transit accommodations in the Valley, he said, adding "The financial implication in this respect would be borne by the government of India."

The provision of jobs will cost the exchequer Rs 1,080 crore whereas Rs 920 crore will be spent on provision of accommodation -- Rs 200 crore on purchasing of land and Rs 720 crore on construction.

62,000 Kashmiri pandit migrants families are registered with the government, out of which 39,000 stay in Jammu, 19,000 in Delhi and remaining in other parts of the country.
Earlier in 2008, a package of Rs 1618.40 crore was announced to facilitate the return of the migrants to the Kashmir Valley.

Under this package, 3000 state government jobs were to be provided to the Kashmiri migrants with central funding, of whom 1963 jobs have already been provided and process for the rest was underway.

Nearly 470 transit accommodations have been constructed in the Kashmir Valley which have been allotted to the newly appointed migrant employees on sharing basis.

The Cabinet meeting, chaired by Prime Minister Narendra Modi, also cleared a proposal for raising monetary assistance by more than 400 per cent to migrants from hilly areas of Jammu region to make it at par with Kashmiri migrants.

Accordingly, 1,054 families would be receiving assistance of Rs 2,500 per person from the existing Rs 400, costing the exchequer Rs 13.45 crore per annum. However, there will be a ceiling of Rs 10,000 per family, same as applicable with regard to Kashmiri pandit migrants.

As many as 1,054 families migrated from the higher reaches of Poonch, Rajouri, Udhampur, Reasi, Ramban, Doda and Kishtwar to Jammu city because of militancy in the 1990s.

"There were complaints that people who had to migrate from hilly areas of Jammu in late 1990s due to militancy were not being paid monthly honorarium as par with the Kashmiri migrants," said Singh, who is an MP from Jammu.

Terming it as a landmark decision, the minister, who also holds the portfolio of Personnel, said the financial assistance would in addition to Rs 300 received by these families for purchasing fodder for their cattle and getting dry ration of nine kgs wheat, two kgs rice and 10 litres of Kerosene oil.

The decision comes close on the heels of the Prime Minister's announcement on November 7 of a Rs 80,080 crore package to J&K for various projects

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News Network
January 6,2020

Hyderabad, Jan 6: AIMIM president Asaduddin Owaisi on Monday expressed solidarity with students of Jawaharlal Nehru University in Delhi, following violence in the campus and said the "cruel attack" was meant to "punish"the students as they "dared to stand up".

"In solidarity with the brave students of JNU. This cruel attack is meant to 'punish' JNU students because they dared to stand up. It's so bad that even Union Ministers are tweeting helplessly. Modi Sarkar must answer why cops aresiding with goons," the Hyderabad MP tweeted.

The AIMIM has also tweeted expressing solidarity with the "students of JNU". "AIMIM stands in solidarity with the students of Jawaharlal Nehru University. Who feels threatened by the voice of students?," the party said in a tweet.

Violence broke out at the JNU on Sunday night as masked men armed with sticks and rods attacked students and teachers and damaged property on the campus, prompting the administration to call in police which conducted a flag march.

At least 28 people, including JNU Students' Union president Aishe Ghosh, were injured as chaos reigned on the campus for nearly two hours.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
February 29,2020

Kollam, Feb 29: Seven-year-old Devananda, whose body was found in a lake, was laid to rest at Kudavattoor in the Kollam district of Kerala on Friday evening.

She was laid to rest near her father Pradeep Kumar's house in Kudavattoor. Earlier, the body was kept at her mother Dhanya's house in Ilavoor and Vakkanadu school, where she studied in Class 1, for the public to pay respect.

Hundreds of people visited to pay their last respects to the child.

An intense social media campaign was launched to trace the child after she was reported missing on Thursday morning.

According to police, an autopsy conducted in Thiruvananthapuram Medical College led to a preliminary conclusion that the cause of death was drowning. Residues of mud and silt have been found in her respiratory tract.

Signs of any kind of violence inflicted on the child have been ruled out. The body was released to the family after the autopsy.

Chief Minister of Kerala Pinarayi Vijayan and Opposition leader Ramesh Chennithala, BJP state president K Surendran were among many politicians who offered the condolences.

Many celebrities including Mammootty, Dulqar Salman, Kunchako Boban took to Facebook to pay their tribute to Devananda.

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