SRINAGAR: Former leader minister Mehbooba Mufti on Saturday criticised the verdict to regard Jammu and Kashmir Bank as a public sector undertaking, saying it "smacks of attempts to fiddle with the basic character of the state's special status".
The Peoples Democratic Party (PDP) president referred to as for instant rollback of the verdict taken via Governor S P Malik-led state administrative council (SAC).
She alleged that "assaults on multiple fronts" were being launched against Jammu and Kashmir's special status and the administration "is taking away" autonomy of institutions that the state loved.
"The J&K Bank is part of this game plan and this was the reason PDP came together with the National Conference and the Congress to form a government and prevent such interventions," she said in a commentary.
"The Governor administration is taking such decisions which smack of makes an attempt to fiddle with the elemental character of the state's special status,” she said.
Mehbooba said the Governor's rule in the state is not a permanent association. The administration will have to concentrate on day by day functioning of the state and desist from taking decisions of far reaching consequences, she said.
"Such actions lift apprehensions a number of the other people of the state," the PDP leader.
She alleged that makes an attempt via her celebration at executive formation were "undemocratically" foiled via the Governor, and requested him to study his decisions and roll them back at an earliest.
The PDP leader said it's not for a collection of bureaucrats and civil servants to take decisions of far reaching consequences in the state.
“These issues have to be left to a democratically elected executive in Jammu and Kashmir. The Governor is not mandated via the folks of the state to take such decisions,” the PDP president said.
Her reaction came after the SAC, which met on Thursday night under the chairmanship of Governor Satya Pal Malik, licensed the proposal for treating the J&K Bank Limited as a Public Sector Undertaking (PSU).
The financial institution has been brought under the purview of the Right to Information (RTI) act, the Chief Vigilance Commissioner (CVC) guidelines and the State Legislature, an respectable had said Friday.
Established in 1938, the J&K Bank Ltd is the only state executive promoted financial institution in the nation, with the Jammu and Kashmir executive lately preserving 59.three per cent of the shares.
Being the foremost shareholder, the federal government felt that the financial institution should have a personality of a PSU which is topic to basic supervision and get admission to for enhanced transparency in the transaction of its business to advertise public accept as true with, the respectable had said.
The function of the SAC's determination was to not question the day by day activities of the financial institution control however a step towards strengthening company governance, he had said.
The Peoples Democratic Party (PDP) president referred to as for instant rollback of the verdict taken via Governor S P Malik-led state administrative council (SAC).
She alleged that "assaults on multiple fronts" were being launched against Jammu and Kashmir's special status and the administration "is taking away" autonomy of institutions that the state loved.
"The J&K Bank is part of this game plan and this was the reason PDP came together with the National Conference and the Congress to form a government and prevent such interventions," she said in a commentary.
"The Governor administration is taking such decisions which smack of makes an attempt to fiddle with the elemental character of the state's special status,” she said.
Mehbooba said the Governor's rule in the state is not a permanent association. The administration will have to concentrate on day by day functioning of the state and desist from taking decisions of far reaching consequences, she said.
"Such actions lift apprehensions a number of the other people of the state," the PDP leader.
She alleged that makes an attempt via her celebration at executive formation were "undemocratically" foiled via the Governor, and requested him to study his decisions and roll them back at an earliest.
The PDP leader said it's not for a collection of bureaucrats and civil servants to take decisions of far reaching consequences in the state.
“These issues have to be left to a democratically elected executive in Jammu and Kashmir. The Governor is not mandated via the folks of the state to take such decisions,” the PDP president said.
Her reaction came after the SAC, which met on Thursday night under the chairmanship of Governor Satya Pal Malik, licensed the proposal for treating the J&K Bank Limited as a Public Sector Undertaking (PSU).
The financial institution has been brought under the purview of the Right to Information (RTI) act, the Chief Vigilance Commissioner (CVC) guidelines and the State Legislature, an respectable had said Friday.
Established in 1938, the J&K Bank Ltd is the only state executive promoted financial institution in the nation, with the Jammu and Kashmir executive lately preserving 59.three per cent of the shares.
Being the foremost shareholder, the federal government felt that the financial institution should have a personality of a PSU which is topic to basic supervision and get admission to for enhanced transparency in the transaction of its business to advertise public accept as true with, the respectable had said.
The function of the SAC's determination was to not question the day by day activities of the financial institution control however a step towards strengthening company governance, he had said.
Mehbooba Mufti alleges decision on J&K bank an attempt to fiddle with state's special status
![Mehbooba Mufti alleges decision on J&K bank an attempt to fiddle with state's special status]()
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November 24, 2018
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