‘Will get back all money taken away from banks illegally; J&K’s economy will get double in next few years’
(Asian News Hub) – Union Finance Minister Nirmala Sitharaman on Tuesday claimed that abrogation of article 370 has brought transparency in the governance in Jammu and Kashmir.
“In last two years, the work that has happened in Jammu and Kashmir is absolutely stunning. The government procurement, government recruitment, government spending of its resources, taxation or deployment of resources or whatever it be, these things are now available online 24X7 and in a very transparent manner,” the Union Finance Minister told reporters while addressing a press conference at Jammu’s Raj Bhawan after launching new schemes and handing over orders to various beneficiaries under the financial inclusion and credit outreach programme here, as per news agency—Kashmir News Observer (KNO).
Sitharaman , who is on her first visit to Jammu and Kashmir post abrogation of Article 370 in August 2019, said that even recruitment at most senior level is done as per norms and all backdoor operations and leakages have been plugged.
“So in terms of bringing transparency in the governance and in terms of bringing a great transparency in the overall governance, I would honestly thank abrogation of 370,” the Union Finance Minister said.
Stating that Jammu and Kashmir is rapidly passing through developmental phase.
“The development is reaching to all sectors and in a transparent manner,” she said.
She said that economy of Jammu and Kashmir will be doubled in next few years as the region is rapidly passing through the development phase.
She also said that the projects which were earlier stalled are being completed and communities deprived of benefits are now being benefited.
All social security schemes introduced by the Centre are reaching to the people, she said.
“Had good interactions with women entrepreneurs in Kashmir on Monday, which was very inspiring,” said the Finance Minister.
She said that the development of J&K in every aspect is taking place and the World Bank is pooling through an agency for development of this region.“We will ensure that more public sector banks come in J&K so that a healthy credit outreach can be given,” she added.
Will get back all money taken away from banks
Union Finance Minister Nirmala Sitharaman also said that all the money taken away from the banks “illegally” will be taken back as the government is actively pursuing the cases of loan defaulters, irrespective of whether they are in India or outside the country.
She said the central government is working in close coordination with the J&K administration to ensure that not only the Prime Minister’s Development Package (PMDP) but every centrally sponsored scheme benefits every citizen of the Union territory to ensure that the region also catches up in the growth with the rest of the country.
Sitharaman said that while the government is generously putting all its resources to make J&K work well in a transparent way, ”any wrongdoing that has happened in the banks, any loans which have been taken away and not repaid till now, I am sure our system will work in such a way that the wrongdoers and the money will be brought back.” The finance minister said that is what has been happening in the entire country.
”The non-performing assets (NPAs) of the banks had been a cause for worry when Prime Minister Narendra Modi came to power in 2014. In order to bring down the NPAs, a specific ‘4Rs’ strategy of recognition, resolution, recapitalisation and reforms showed immediate results,” she said.
Sitharaman reached Jammu on the second leg of her two-day tour from Kashmir and also inspected various stalls put up by various beneficiaries of government schemes.
She said the government pursued the defaulters who took away the loans and let it become the NPA and did not pay back the taxpayers’ money that is what is in the banks, whether they are in this country or gone away from India.
The government ensured that their properties are attached, and through a legal process, sold or auctioned out and that money have been paid back to the banks, she added.
”This shall continue to happen, irrespective of where the NPAs holders are and irrespective of where their accounts were. Every NPA shall be pursued actively and that shall apply to J&K as well,” she said adding ”we shall get back all the money taken away from the banks”.
The Union finance minister lauded J&K Lieutenant Governor Manoj Sinha, who was also present on the occasion, for the development of the Union Territory in a ”speedy, efficient and transparent” manner.
She assured the people of Jammu and Kashmir that the Centre will work in close coordination with the local administration to ensure that not only the PMDP is implemented but every scheme that is launched is also brought to the Union Territory and benefits every beneficiary who deserved to be served.
”After 2019 (reorganisation of J&K., we have seen the UT of J&K go through a rapid progression. The projects that have been waiting for a long time are getting implemented and sections of the society that have never had the opportunity of receiving any assistance from the government are getting it.
”And, genuine business that has no other way of getting or accessing credit is also being provided credit,” the finance minister said.
She said the schemes for the poorer sections that benefited the people across the country from a collective infusion of credit through farmer producer organisations or self-help groups are now seeing the light of the day in J&K.
As a result of this, the people feel they may be small but they can also access some kind of help from the government and credit from the banks, the minister added.
Seeking the cooperation of the people in facilitating outsiders to set up their units in Jammu and Kashmir, she said a lot of people want to come and set up industry here and take benefit from the industrial package of the government.
”I will invite more youth to come forward to set up their businesses in J&K. Of course, with more activities on the ground, we may attract people from everywhere else to partner with you (youth of J&K),” she said.
Sitharaman added, ”I would certainly underline this fact that when people partner with you, they are not going to displace you or remove you but are strengthening you.” ”You have your strengths but you need more help from resources coming from banks and elsewhere. Today banks alone cannot bring in that kind of equity for activities here,” she said adding that growing activities on the ground would draw people that ultimately boost the economy of J&K.
Referring to the various initiatives of the J&K administration, she said, ”I think it is important for two-way participation — good schemes and good delivery from the government and good participation from the people — and both are all equally required.” She said she will ensure more banking activities take place in J&K and credit help to the people in setting their businesses.
”Regarding budgetary support. I had a lot of discussion with the lieutenant governor and I shall like the chief secretary to meet officials in the finance ministry to work out any proposal for the next budget which we will definitely do,” she said.
She also talked about the reforms in the taxation regime and said a new post of principal commissioner for income tax is being created as ”we are able to serve the people of J&K better”—(KNO)
Polluted air coming from Pakistan; UP govt tells SC
(Asian News Hub) – The Uttar Pradesh government has told the Supreme Court that the closure of industries would affect the sugar cane and milk industries in the state and that UP is in the downwind, the air is coming mainly from Pakistan. To this, CJI NV Ramana joked, so do you want to ban industries in Pakistan?
On this argument of the UP government, Chief Justice NV Ramana joked that he wants to ban industries in Pakistan. At the same time, in the contamination case, the Center told the Supreme Court that a five-member working group had been formed.
At the same time, during the hearing on air pollution in Delhi today, the CV said that we have seen some sections of the media trying to show that we are villains. We want to close the schools. You (the Delhi government) said that we are closing schools and starting to work from home, but look at today’s newspaper.
The AQI in Ghaziabad (331), Gurugram (309), and Noida (315) remained in the ‘very poor category. The 24-hour AQI in Delhi stood at 429 on Thursday. An AQI between zero and 50 is considered good, an AQI between 51 and 100 is considered satisfactory, between 101 and 200 is moderate, between 201 and 300 is poor, between 301 and 400 is considered very poor and an AQI between 401 and 500 is considered poor. Considered in the severe category.
Death threat e-mails recieved by Gautam Gambhir sent from Pakistan: Sources
(Asian News Hub) – Two e-mails threatening to kill former Indian cricketer and Bharatiya Janta Party (BJP) MP Gautam Gambhir were sent from Pakistan , Delhi Police sources said on Thursday, ANI reported.
According to the sources, the account handler has been identified as Sahid Hamid. The BJP MP had said that he had received two death threats via e-mails within 24 hours from “ISIS Kashmir”, as per ANI.
“We are going to kill you and your family,” read the first threat e-mail received from ‘ISIS Kashmir’.
The second threat mail read, “We intended to kill you, but you survived yesterday. If you love the life of your family, stay away from politics and the Kashmir issue.”
Following the threats, security has been beefed up outside Gambhir’s residence. The senior officials of Delhi Police have also informed that Gambhir’s complaint was marked to the Cyber Cell of the Special Cell to know the source of the mail.
Further investigation is underway.
FIR registered against Actor Kangana Ranaut for calling Sikhs “Khalistani Terrorists”
(Asian News Hub) – An FIR has been registered against actor Kangana Ranaut in Mumbai on Tuesday following a complaint by members of the Sikh community for allegedly using derogatory language against them on social media, PTI reported.
The FIR was filed by Amarjeet Singh Sandhu, a 47-year-old Mumbai-based businessman, along with leaders of Delhi Sikh Gurdwara Management Committee (DSGMC) and Shiromani Akali Dal (SAD).
The complainants accused Ms Ranaut of “intentionally and deliberately” portraying the farmers’ protest (Kisan Morcha) as a “Khalistani” movement and calling the Sikh community “Khalistani terrorists”.
“Khalistani terrorists may be arm twisting the government today… But let’s not forget one woman… The only woman prime minister ne inn ko apni jooti ke neeche crush kiya tha (the only woman PM who crushed them under her shoes). No matter how much suffering she caused to this nation… she crushed them like mosquitoes at the cost of her own life… Lekin desh k tukde nahi hone diye (but she did not let the nation get divided),” the controversial actor had posted on Instagram recently.
The FIR was lodged at the suburban Khar police station a day after the complaint against the actor.
Ms Ranaut (34) was booked under section 295A (deliberate and malicious acts, intended to outrage religious feelings of any class by insulting its religion or religious beliefs) of the Indian Penal Code (IPC) and further investigation was underway, an official told PTI.
A delegation led by Mr Sirsa had met Maharashtra Home Minister Dilip Walse Patil and top officials of the Mumbai police and demanded action against Ms Ranaut.
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