Sunday, November 24News and updates from Kashmir

Month: October 2024

Industry group raises concerns over JK Bank’s reliance on non-core income

Industry group raises concerns over JK Bank’s reliance on non-core income

BUSINESS
The Federation of Chambers of Industries Kashmir (FCIK) has expressed serious concerns about the long-term financial health of Jammu Kashmir Bank, citing its growing dependence on non-core income for profits. During a meeting at the FCIK headquarters, senior members and the Advisory Committee reviewed the bank's latest financial reports and flagged issues that could undermine its stability in a volatile economic climate. The FCIK emphasized that while J&K Bank has reported significant financial gains, much of this success is tied to non-core income sources, such as trading and asset recoveries. The chamber pointed out that such gains, particularly from settling Non-Performing Assets (NPAs), lack the stability required for sustainable growth. "Over-reliance on non-core incom...
Militants attack army vehicle in Jammu area

Militants attack army vehicle in Jammu area

REGIONAL
An army Vehicle came under attack by militants in Akhnoor area of Jammu district on Monday. Officials told GNS that this morning, an army vehicle was attacked by militants by firing some rounds, the fire was retaliated by the army compelling the militants to retreat. So far, there was no reports of any injury or casualties in this incident. Meanwhile, more reinforcement to that area has been rushed and massive search operation has been launched to nab the attackers.(GNS)
MLA Bijbehara released after being detained for questioning at Srinagar airport

MLA Bijbehara released after being detained for questioning at Srinagar airport

REGIONAL
The Member Legislative Assembly from Bijbehara constituency and National Conference leader, Bashir Ahmad Veeri, was has been released after being detained for questioning at Srinagar airport. Earlier, MLA Veeri was on his way to Jammu during the normal scanning of his baggage at the airport two rounds of ammunition were found in his bag. Dr. Bashir Ahmed Veeri has confirmed that he has been released after being shortly detained for questioning at the Srinagar airport. "I have been released after proper verification at the airport. The ammunition found in my bag belonged to my own weapon which is licensed by the officials. It had mistakenly gotten into my bag," he confirmed, adding that after proper verification certification at a Police station, he has been set free.
Couple from Jammu Kashmir, son killed; Three children injured in Saudi Arabia road accident

Couple from Jammu Kashmir, son killed; Three children injured in Saudi Arabia road accident

REGIONAL
A 42-year-old resident of Dhara, Tehsil Mandi in Poonch district, tragically lost his life along with his wife and son in a major accident in Saudi Arabia. Three children were also injured in the incident. The deceased, identified as Engineer Saleem Mir, son of retired ZEO Mir Mohammad, had been working as an Assistant Executive Engineer (AEE) in a private company and had been living in Jeddah for the past 8-10 years. On October 24, while traveling from Jeddah to Madina with his wife, daughter, and three sons, their vehicle met with a tragic accident on the Makkah-Madina highway near Khulais. According to relatives, Saleem Mir, his wife Iram, and their son Hasnain died in the accident. His daughter and two other sons were injured and are currently receiving treatment at a ho...
Gram Panchayat declares 200 Sq. Km of Pir Panjal forest as conservation area

Gram Panchayat declares 200 Sq. Km of Pir Panjal forest as conservation area

REGIONAL
In a major step toward community-led conservation, the Gram Sabha of Kralpathri village in Budgam district has designated 200 square kilometers of the Pir Panjal forest as a community-managed conservation area. The move comes under the Forest Rights Act (FRA) and grants local residents the authority to manage and protect the forest while promoting sustainable resource use. The Gram Sabha passed a resolution to take responsibility for the management of the forest, banning large-scale plantations and fencing in grasslands and alpine pastures. The aim is to preserve the biodiversity of the region, home to various species and sensitive ecosystems. “By keeping the land open and accessible, we are ensuring that the ecosystem remains balanced and biodiversity is protected,” said one member ...
‘Will avenge bloodshed, dismantle terror ecosystem in Jammu Kashmir’: LG Sinha

‘Will avenge bloodshed, dismantle terror ecosystem in Jammu Kashmir’: LG Sinha

REGIONAL
Lieutenant Governor Manoj Sinha vowed that every drop of innocent blood spilled in the valley would be avenged, as he addressed the Border Security Force (BSF) passing-out parade at Humhama. He emphasized the government's commitment to dismantling the terror ecosystem in the region. "Unfortunately, we have a neighbor that, despite its own struggles with poverty and hunger, continues to support militancy and narcotics trafficking in Jammu Kashmir," Sinha said, referring to Pakistan’s role in ongoing unrest. Citing recent attacks in Ganderbal and Baramulla, where soldiers, civilians, and non-local laborers were killed, Sinha added, "Every drop of blood shed will be avenged by our security forces." He reiterated the government's goal of uprooting terrorism and creating a peaceful ...
Two army soldiers killed in Israeli aggression: Iran

Two army soldiers killed in Israeli aggression: Iran

INTERNATIONAL
The Iranian Army has confirmed the deaths of two soldiers in an Israeli airstrikes in Iran. The Army identified the two soldiers as Major Hamzeh Jahandideh and Sergeant Mohammad-Mehdi Shahrokhifar, stating they were killed while defending against missile strikes from Israel in the early hours of Saturday morning. In an official statement, the Army described the soldiers' actions as a sacrifice to protect the nation's security and prevent harm to Iran's interests. The strikes reportedly targetted military sites in Tehran, as well as the provinces of Ilam and Khuzestan, causing minimal damage. Iranian air defense forces responded to the attack, claiming to have successfully intercepted and neutralized the incoming missiles. Media outlets downplayed the scope of the damage, wit...
13 Israeli soldiers killed, dozens wounded as Hezbollah launches record 48 attacks in 24 hours

13 Israeli soldiers killed, dozens wounded as Hezbollah launches record 48 attacks in 24 hours

INTERNATIONAL
A total of 13 Israeli soldiers were killed over two days of intense fighting, as confirmed by the Israel Defense Forces (IDF). Ten soldiers died in clashes with Hezbollah in southern Lebanon, while three were killed in Gaza. This marked a significant escalation in the ongoing conflict between Israel and Hezbollah. On Friday, Hezbollah announced that its fighters carried out 48 attacks against Israeli forces, the highest number since October 8. The Lebanese group reported targeting 31 groups of Israeli soldiers along the northern Israel-southern Lebanon border with rockets and artillery. Additionally, Hezbollah claimed to have struck seven Israeli Merkava tanks, reportedly causing fatalities. Hezbollah further stated that it launched attacks on three Israeli settlements near ...
PDP dissolves entire structure; new leadership to be appointed after discussions

PDP dissolves entire structure; new leadership to be appointed after discussions

REGIONAL
Jammu Kashmir Peoples Democratic Party (JKPDP) President Mehbooba Mufti has announced the dissolution of the party’s entire structure with immediate effect. According to sources, the new office bearers, along with various wings and bodies, will be formed after discussions with senior leaders. The announcement was made at the JKPDP headquarters in Srinagar on Friday. Following the Union Territory’s assembly elections on October 8, the former Chief Minister congratulated the National Conference-Congress alliance for receiving the “people’s mandate.” She stated that since the people had given a clear mandate, there would be no opportunity for parties to “mess around,” adding that if the election had resulted in a hung assembly, certain “tricks” might have been used to “defeat the ...
3-4 militants involved in Botapathri attack, search operation widened: SSP Baramulla

3-4 militants involved in Botapathri attack, search operation widened: SSP Baramulla

INDIA
A massive search operation was launched Saturday morning by the security forces in Botapathri and nearby areas in north Kashmir, with the Senior Superintendent of Police (SSP) Baramulla stating that 3-4 militants were involved in a deadly attack on Thursday evening. Speaking to the media in Baramulla, the SSP, Zaid Mohammed as per the news agency—Kashmir News Observer (KNO) said that the operation had been halted overnight but resumed in the wee hours today. “Police, Army, Paramilitary, and other security forces are involved in the massive combing operation.” The extensive search is covering the woods from Baba Reshi to Gulmarg and other adjacent areas. The SSP also said that prior to the Botapathri attack, the search operations were initiated in other locations based on specific ...