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In its ongoing efforts to strengthen the hospitality and tourism industry in Jammu and Kashmir, the government has signed an MoU with the UAE's pioneering financial services company, Century Financial that will invest $100 million in the Union Territory. An MoU was signed in a special event presided by the Lieutenant Governor Manoj Sinha. The investment will cover three hotels and one commercial-cum-residential complex in Jammu & Kashmir.
The owner of Century Financial Bal Krishen is originally a native of the Doda district of Jammu and has been a forerunner in supporting his home region. Speaking on the occasion, Lieutenant Governor Sinha said that Prime Minister Narendra Modi is committed to the development of the Union Territory.
The government has signed an MoU with the UAE's pioneering financial services company. | Wikimedia Commons
"We are happy to see the interest shown by UAE's big business houses and leaders in supporting this vision of our honorable Prime Minister. Global business & industry are waking up to the vistas of opportunity in Jammu and Kashmir.
"Despite challenges of global pandemic, neither the pace of economic and policy reforms nor the implementation of key infrastructure projects has slowed in any way in UT and we as responsive administration will continue to respond to business's concerns," he added. Ranjan Thakur, Principal Secretary, Industries and Commerce, stated: "Jammu and Kashmir is one of the safest places in India to do business offering the most attractive incentive schemes for investments in the union territory compared to other states in the country."
Century Financial will invest $100 million in the Union Territory. | Photo by Anton Khmelnitsky on Unsplash
"I have always believed that Jammu and Kashmir has tremendous investment potential and there cannot be a better time than now. Making a significant contribution to my home region has always been my dream and today as I see this dream getting realized, it's immensely gratifying" said Century Financial's owner, Bal Krishen. (IANS/ MBI)
(Keywords: UAE, 100 million, Jammu, Kashmir, Union Territory, investment, finance, business)
Pakistan's Foreign Minister Shah Mahmood Qureshi once again raised the Jammu-Kashmir issue on the 73rd anniversary of the United Nations (UN).
Shah wrote on Twitter: "On the 73rd anniversary of @UN our commitment to resolve the Jammu & Kashmir dispute through free and impartial plebiscite under the UN auspices, we reaffirm our full support to Kashmiris in their just demand for the realization of their inalienable right to self determination. Pakistan calls upon the int'l community to take cognisance of the deteriorating situation in #IIOJK and hold India accountable for grave human rights violations and serious crimes against humanity in the occupied territory."
It's not the first time that Pakistan calls for international interference in Jammu-Kashmir.
In December 2021, Qureshi wrote a letter to the President of the UN Security Council and the UN Secretary General to "call upon India to reverse its actions, including those initiated on and after August 5, 2019, when Modi Government abrogated Article 370 of the Constitution to revoke the special status of Jammu and Kashmir."
In response to this, India has categorically told the international community that the scrapping of the Article 370 was its internal matter and advised Pakistan to accept the reality and stop all anti-India propaganda.
(Keywords: India, Pakistan, Kashmir, Article 370, United Nations, Jammu and Kashmir, Special Status)
Developmental work in Jammu and Kashmir is raising the bar for efficient engineering, good governance, and a pluralistic yet united approach to growth in the country. The Union Territory is working its way up in silence under Prime Minister Modi's direction to transform JKUT into a Smart City with impetus on its culture and tradition. The Centre is building a highly self-reliant model demanding responsibility and accountability from the people for employment and growth.
With an open-door policy on grievances and feedback, a transparent system of management is shaping up. Transparent Governance through an "Empowerment" portal which enables monitoring and public overview of works being executed and resources is another initiative of the government. Citizens can view online details of development works being implemented in their areas, offer feedback and suggestions. 32,889 works costing Rs 9,757 crore are presently available online. The youth is being mobilized to engage their selves in the greatest era of development. A few of such landmark projects are detailed below.
Major consumer services such as electricity and water bills can be paid online, allowing freedom of time and place. The Housing and Urban Development Department too has shifted its base online with a response time of 21 days for building permissions, among other services. The website shares all its master plans, services, emergency contact list to allow maximum public knowledge and participation.
In Jammu, the development project of the Tawi River Front has been sanctioned. The project is based on the well-received model of the Sabarmati River Front to give an aesthetic look to Tawi. 3.5 km of pathways along the river are being constructed for public access. Presently the Phase-1 of the project stands at the cost of Rs 194 crore and will take about 1.5 years to be completed.
Also Read: Diwali in Jammu & Kashmir
JKUT's dream project, "A road to every village", broke the record in the country by achieving the highest ever road length under PMGSY in 2020-21 -- construction of 3,167 km roads and blacktopping of 5,500 km roads. The transport ministry has specially focused on the beautification of roads with tourism potential.
Recently hydropower projects of 3,000 Megawatts (MW) capacity standing at Rs 22,315 crore have been revived and accelerated. Unsplash
Power Development in the UT has a distinguished history. Recently hydropower projects of 3,000 Megawatts (MW) capacity standing at Rs 22,315 crore have been revived and accelerated. MOUs for projects worth Rs 29,600 crore with a capacity of 3284 MW have been signed. Moreover, Rs 5,000 crore is being invested in power distribution system strengthening. Unsurprisingly, the power generation capacity is expected to double in 3 years!
In the sphere of industry development, the government is implementing a New Central Sector Scheme in the J&K. The scheme offers four incentives: Capital Investment Incentive, Capital Interest subvention, Goods & Service Tax Linked Incentive (GSTLI), and Working Capital Interest Subvention. A total outlay of Rs 28,400 crore has been earmarked for the revival of old industries. Under the scheme, the silk factory at Rajbagh (Srinagar) has been upgraded at Rs 23 crore and the renowned Bemina Woollen Mills has been modernized at the cost of Rs 4.5 crore.
Under the SEHAT-PMJAY (Ayushman Bharat Pradhan Mantri Jan Arogya Yojana) scheme aimed to provide free insurance cover of up to 5 lakh per family to all the residents of the JKUT, a world-class health infrastructure is underway in the region. So far 55.56 lakh beneficiaries have registered. The government has committedly spent Rs 7,177 crore, the highest budget allocation for health in the country, to strengthen the health sector and make healthcare affordable and accessible to all.
Lieutenant Governor Manoj Sinha has called for a massive infrastructure boost for the sports ecosystem. Unsplash
Under the Saksham Scheme, financial relief is being granted to families who have lost their breadwinner due to coronavirus. Additionally, the scheme also provides special annual scholarships, at the rate of Rs 20,000 and Rs 40,000 to school and college-going children who lost their guardians. With the coming of 2 new AIIMS, 7 new Medical Colleges, 10 new Nursing Colleges, and 2 new State Cancer Institutes, a paradigm shift is being witnessed in the health sector of the UT.
Lieutenant Governor Manoj Sinha has called for a massive infrastructure boost for the sports ecosystem. The work for the indoor sports complex in every district, playfield in every panchayat, floodlighting, synthetic turfing in stadiums, and international level facilities has begun. Projects for the synthetic hockey turf in KK Hakku Stadium (Jammu) worth Rs 5.5 crore, Synthetic Hockey Turf Playground (Srinagar), and Artificial Rugby Turf (Rs 5 crore) have been approved. 1.26 lakh youth are to receive professional sports coaching in the coming year. Acknowledging the sports potential of the UT, the Prime Minister has sanctioned Rs 200 crore under the Prime Minister's Development Package for modernization of sports infrastructure and recognizing potential talent in children.
A paradigm shift is being witnessed in the health sector of the UT.Unsplash
Under the "Back to Village" outreach program, the government is on a mission towards "equitable development", ensuring that developmental initiatives are built on feedback and cooperation, with a result-oriented approach in rural areas through community participation. Three banks have sanctioned Rs 270 crore loans to 16,299 cases for self-employment. Tejaswini scheme has been launched to empower women through the financial assistance of Rs 5 lakh for setting up gainful self-employment ventures.
To ensure transparency and accountability in budgets and expenditures, and planning and execution, information is uploaded to online portals open to public scrutiny. In the two years since the bottlenecks of Article 370 were removed J&K is witnessing a new dawn. JKUT is defining itself as a hungry untapped economy, finally entering the playing field with the rest of the nation. (IANS/SP)
(Keywords : Jammu & Kashmir, self-reliant, growth, development, government, India, culture, tradition, feedback, employment, public, resources, transport, hydropower, industry, health, infrastructure, finance, scholarship, sports, talent, accountability.)
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A wanted Pakistani terrorist, Abu Zarar of the Lashkar-e-Taiba (LeT) was killed by the security on Tuesday in Jammu and Kashmir's Poonch district. Police sources said Abu Zarar of the LeT was killed in an ongoing gunfight in Bafliyaz village of Surankote in Poonch district.
"He was on the wanted list of the security forces. The area where the encounter is going on is densely forested. Reinforcements have been rushed to the area to tighten the cordon as one more militant is likely to be hiding there."
"Abu Zarar was operating in Rajouri and Poonch districts. One AK-47 rifle, 4 magazines, a grenade and some Indian currency has been recovered from the possession of the slain militant", sources said. A gunfight broke out between the terrorists and security forces in the Surankote area of Poonch district in Jammu and Kashmir on Tuesday, officials said. Sources said the gunfight was underway at Dori Dhook village in Surankote and two to three Lashkar-e-Taiba (LeT) terrorists have been trapped.
The gunfight took place after a joint team of the police and the army cordoned off the area and launched a search operation on the basis of specific information about the presence of terrorists. As the security forces zeroed in on the spot where the terrorists were hiding they came under a heavy volume of fire that triggered the encounter. (IANS/JB)
(Keywords: Jammu and Kashmir, Terrorism, Terrorist, Security Forces, India, Operation, Dori Dhook Village)