RBI turns down relief to businesses as J&K Govt fails to
declare Kashmir ‘riot-hit’ in 2016 turbulence
Did
BJP botch up PDP’s plan to ‘extort’ concessions for the Valley traders who
supported Hurriyat’s shutdown call for 4 months?
Ahmed Ali Fayyaz
________
SRINAGAR, Nov 16: Amid speculations of differences between
the Peoples’ Democratic Party (PDP) and the Bhartiya Janata Party (BJP) over
lending some assistance to the turbulence-hit Kashmiri traders and
industrialists, Reserve Bank of India (RBI) has rejected the J&K State
Level Bankers Committee’s request with the argument that the Mehbooba Mufti
government had failed to declare any district or area of the State as “affected
by riots or disturbances”.
Well-placed sources in New Delhi revealed to STATE TIMES
that the then Chairman of the Jammu and Kashmir Bank Ltd (JKB), Mushtaq Ahmad,
in his capacity as Convenor of J&K SLBC had written a letter to RBI on
October 1, 2016, seeking restructuring and resettlement of the loan
liquidations in favour of the Kashmir-based businesses on account of the summer
turbulence that crippled life and froze entire business activity for over three
months.
The RBI examined the proposal for over a month as the new
Chairman of JKB and Convener of SLBC, Parvez Ahmad, too pursued the same
assiduously, claiming that the State economy had suffered losses worth over Rs
15,000 crores due to the turbulence that was triggered off by the Hizbul
Mujahideen militant Burhan Wani’s killing in an encounter on July 8. Finally
the proposal was categorically rejected on the plea that the coalition
government had not declared any district as riot-affected.
In his letter No: 342/03.01.17/2016-17 dated November 15,
2016, RBI’s General Manager, S.C. Sharma, wrote to the new Convener of J&K SLBC
and Chairman JKB Parvez Ahmad, that “in terms of our Master Directions on
Natural Calamities 2016 dated July 01, 2016, only genuine persons duly
identified by the state administration as having been affected by the
riots/disturbances are provided assistance”.
“In light of our circular, it is imperative that the
areas/people affected are identified to consider for the special dispensation.
As the district collector/ state government has not yet declared any area as
affected by riots or disturbances, the special dispensation required by J&K
Bank (SLBC convenor, J&K State) does not fall under our circular”, the RBI
GM communicated to Chairman JKB.
Asked why the J&K Government had not declared any
district or entire Kashmir valley as “affected by riots and disturbances”, that
could have facilitated the RBI to acquiesce into the JKB proposal,
Commissioner-Secretary Finance Navin Choudhary claimed that he had no knowledge
of the proposal having been turned down. “As of now, concessions are accorded
for natural calamities. Admittedly, it’s a man-made disaster but a matter of
debate. The State Government as well as the businesses in Kashmir have been
badly affected due to the turmoil. We have lost 50% of the revenue. But let’s
wait for the RBI decision”, Mr Choudhary told STATE TIMES on telephone.
Did the State Government have any proposal to declare any
district or the entire Kashmir valley as affected by the riots and
disturbances? “I am not aware of it. The State Home Department may have such
knowledge”, Mr Choudhary asserted.
Principal Secretary Home, R.K. Goyal, said that there was
“absolutely no proposal” under the government’s consideration to declare any
district or the entire Kashmir valley as affected by riots and disturbances.
Additional Secretary in Chief Minister’s Secretariat and
Director of Information, Dr Shahid Iqbal Choudhary, too asserted that “to the
best of my knowledge” there was no proposal under consideration to declare
Kashmir as affected by riots and disturbances. “Yesterday only there was a
threadbare discussion in a high level official meeting on the losses and
damages suffered by the people and the government. But, nothing like notifying
any area as riot-affected surfaced in the deliberations”, Dr Choudhary said.
Commissioner-Secretary Finance Navin Choudhary,
nevertheless, asserted that the State Government had decided to provide some
relief to the traders and businesspersons who would come forward for
resettlement of their tax payment subject to the condition that they deposit
the first of the six fixed instalments within 30 days. He said that Finance
Department had notified SROs 360, 361 and 362 dated November 13, 2016, for the
benefit of the defaulter traders who had failed to pay their sales and other
taxes over the years. “We are not charging any interest or penalties from
them”, he added.
Bureaucratic and political sources, however, insisted that
some leaders and Ministers of the PDP were strongly in favour of obtaining some
relief, on the pattern of the floods of September 2014, for the Valley-based
traders and entrepreneurs while pointing out that the “miscreants” had burned
down factories and felled orchards and all the shops and transport industry had
been grounded to a halt for four months. However, their counterparts in the BJP
opposed the idea with the argument that Kashmir’s traders had publicly
supported the Hurriyat hardliner Syed Ali Shah Geelani’s shutdown call and
offered to give “sacrifices” for achieving Azadi.
Kashmir’s traders and businesspersons, according to the BJP
Ministers and leaders, did not deserve any amnesty or relief from the banks or
the government.
END
[Published in
today’s STATE TIMES]
No comments:
Post a Comment