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Yasha Mudgal chairs Board meeting of Jammu Central Co-op Bank Ltd to sanction a 100 Crores Loan for Govt backed JKIDFC

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Deputy Commissioner, Jammu, Anshul Garg; Managing Director, Jammu Central Cooperative Bank, Nishi Kant Sharma; Director, Accounts & Treasuries Jammu, Neeraj Gupta Bakshi; Director, Agriculture Jammu, Dr K K Sharma; Senior Advocate, Seema Khajuria Shekhar; Ex President, J&K Bank Ltd, S K Bhat; attended the meeting as members of the Board via video conferencing.

Managing Director, Jammu Central Cooperative Bank apprised the meeting about the various components and the present status of the physical and financial achievements of the bank. He also highlighted the various issues pertaining to the dealing with disbursement of loans of agriculture, horticulture and Cooperative sectors.

On the occasion, the members of Professional Board of Directors of Jammu Central Cooperatives Bank Limited also spoke and gave their valuable suggestions to further improving the working of the bank and also agreed with the Chairman for sanctioning 100 cr rupees loan to JKIDFC Ltd, considering it a good business opportunity backed by irrevocable and unconditional guarantee by the Government of Jammu and Kashmir. The board unanimously decided that bank should sanction and release the said term loan in favour of JKIDFC subject to compliances of the observations raised by the Directors during the deliberations.
Secretary directed the MD to follow guidelines of RBI, and NABARD . With the sanctioning of the said term loan of Rs. 100 crores, the CD ratio of the bank will improve substantially and NPA ratio will come down. This will also lead to an increase in the interest income of the bank with good returns. The bank which is reeling under losses year after year , will be immensely benefitted with this regular income which will result in its operating income going up and losses getting reduced .

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Jammu

UP Based 18-year-old Dies of Electrocution in Jammu

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An 18-year-old youth died of electrocution after he came in contact with a live wire in Jammu. The child Mohit Sharma was a resident of Aligarh, Uttar Pradesh and was working as a daily wager in HSP for the past 20-25 days. HSP is replacing Municipality Street Lights in Jammu.

The family members alleged that the contractor lied to us that the main power switch was down and we should start the work. The concerned supervisor was absconding from the site. They also complained that the police were not ready to register the case and proceed with the investigation.

An onsite engineer said the company is ready to compensate for the youth’s death and will meet the demands of the family.

Amish Mahajan
Content Writer
JK Media

 

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Jammu

J&K Govt teacher among two arrested for attack on police party

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5 Family Members

Police on Tuesday arrested two criminals for attacking a police party and creating law and order problems in the Chassana area.

“Case FIR no 35/2021 U/S 341, 353, 382, 147, 149, 336, 504, 506, 225, 224, 120-B IPC and section 3 of Prevention of Damage to Public Property Act has been registered in police station Chassana on 31st of August 2021 when notorious criminals of the area attacked police party,” an official statement from the police reads.

The statement reads that another hardcore criminal and ex Sarpanch Prem Singh wanted in rape case and his accomplices of Thalkote-Chassana were arrested on 31st of August.

“Prem Singh is a bad-name history sheeter involved in ten cases including four cases of attack on police including firing by weapon issued under Village Defense Committees, and attempt to murder and rape,” it said.

The statement reads that the victim had lodged a written complaint against Prem Singh and others with allegations of rape.

“On this FIR 47/2020 was registered in Chasana police station and the complainant was taken to judicial magistrate for recording the statement of the victim in this heinous crime of rarest of rare nature,” it said.

Meanwhile, a team of Reasi police arrested two notorious criminals namely Chankar Singh and Ayaz Hussain Shah from Thalkote, Tehsil Chassana .

Shah, a government teacher, was wanted in case FIR no 35/2021 U/S 341, 353, 382, 147, 149, 336, 504, 506, 224, 225, 120B IPC & 3 of prevention of damage to Public Property Act-1984 police station Chasana.

Shah is a serving government teacher by profession presently posted in Middle School Kewali Thalkote.

“Accused Chankar Singh a notorious criminal of the area was earlier involved in kidnapping, rape and other illegal activities of heinous nature,” the statement reads.

“Case FIR NO 34/2014 U/S 451, 447, 323 RPC and FIR no 40/2013 US 363, 452, 342, 376, 212, 147 RPC of Police Station Chassana registered against him,” it said.

“Whereas Accused Ayaz Hussain Shah a hardcore criminal was also involved in activities of rape and snatching,” it said.

Senior Superintendent of Police Reasi,Shailender Singh said that, “each and every person involved in violation of law shall be dealt with strictly”

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Jammu

Old aged drivers to write ‘E’ on their vehicles

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A big news for the old aged drivers as the Government has appealed them to write ‘E’ letter on their vehicles.

Keeping the traffic conditions and increase in accidents in consideration, the old aged people driving a vehicle will now write ‘E’ letter denoting elder on their vehicle.

This sign will alert the youth while driving on the road and make them careful when around the ‘E’ signed vehicles.

Talab Tillo District Traffic Inspector (DTI) Rakesh Kumar said that the ‘E’ sign on vehicles with drivers above age 60 will avoid unnecessary honking near them.

He further said that the new rule would be beneficial to the elders as they would easily get side on the road and the Traffic Police is encouraging them to follow the new rule.

Muskan Langoo, Content writer, JK Media

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Covid-19 Stats

29 Sep 2021, 1:29 AM (GMT)

Coronavirus Stats

33,715,049 Total Cases
447,781 Death Cases
32,978,557 Recovered Cases

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