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Financial Commission recommendations

J&K comprises three provinces, each different from the other in all respects, demography, geography, culture, language, religion, ethnicity etc. Obviously, allotment of funds under annual development plans or five-year plans has to be commensurate with the guidelines set forth for allotment. But laying down the guidelines is not the end of things. What actually has to be ascertained is the all-round development of all the three regions. This is also a technical issue. It is the job of the Planning Department to identify the areas of development, specific projects, make estimates in terms of expenditures and earmark priorities etc. Developmental activity has to be undertaken under well defined planning and not in a haphazard manner. Justice and fairness have to be meted out to the regions and sub-regions.
Hard pressed by recurring protests of the people and grilling by the legislators, the Government responded as early as 2007 to examine through its own agencies whether there was any discrimination in the allotment of funds and related matters. It appointed the Financial Commission with clear terms of reference that it will report within one year on any discrimination in allotment of funds. The Commission took three years to complete the assignment. In between, the Government did not ask the Commission to expedite the mater, obviously because the Government also wanted to move at a snails pace. Once the report came in, the Government embarked on another long and circuitous exercise of asking different departments to study the report and submit their reaction. Simultaneously, it set up a Committee of Ministers to examine the reaction of the departments on the report of the Financial Commission, consolidate it and make final report to be submitted to the Cabinet for some decision.
One fails to understand the philosophy of constituting committee after committee or referring the report of the Financial Commission back to the departments for their comments. This is a stupendous exercise in wasting time and energy with the tacit purpose of stretching out the issue of rectifying discrimination if any. It speaks of Government’s unwillingness to tackle the issue straightaway and lay down a procedure of making allocations to the regions that will be abiding. The tortuous exercise through which the Government is handling the issue of discrimination is not the solution of the problem; rather it is exacerbating the problem and making it dimensional. There are indications that the Financial Commission’s report does highlight instances of discrimination against the regions or within the regions among the districts. There is no refutation of the allegation that some districts are much more backward in comparison to others. Why is there the wide gap in their development? Certainly it is manipulated by elements that would not want to be fair to the regions and districts. Neither departments have reported back their comments on the report of the Financial Commission nor has the Committee of Ministers met even once to emphasis upon the Departments to send in their reports expeditiously although the report of the Commission was submitted in 2012. Does it leave any doubt that the Government is not serious about the exercise and that is why it has adopted a lackadaisical attitude? Isn’t it an attempt to legitimize discrimination? It confirms the widespread impressions among the two regions of Jammu and Ladakh and also among districts within the regions that the Government is deliberately pursuing a policy of discrimination.
Discriminative policy is against the spirit of democracy. It breeds antagonism and hatred of the wronged people. We will also bring in the respective elected leadership of the affected regions, sub-regions and districts. They have to play the crucial role of harkening the Government against acts of arbitration. If the people of wronged regions raise the cry for regional or sub-regional autonomy, they cannot be accused of disunity.
The Government should constitute a Cabinet sub-committee to examine the report  of Financial  Commission and make recommendations to the Cabinet  at the earlier for final decision in the matter. It must take guard of establishing enduring basics for allotment of funds to all the three regions on the basis of a clearly defined sate policy.  Allocation of funds cannot be a matter of sweet will of one or the other minister or department. It is a state level decision and has to be implemented in democratic and transparent manner.

Refined soya oil futures decline 0.36 pc on profit-bookings

NEW DELHI, Jan 13: Refined soya oil prices declined by 0.36 per cent to Rs 673 per 10 kg in futures trade today on profits-booking by speculators, driven by weak demand in the spot market against sufficient supplies.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by Rs 2.45, or 0.36 per cent to Rs 673 per 10 kg with an open interest of 12,5430 lots.
Likewise, the oil for delivery in January traded lower by Rs 1.50, or 0.22 per cent to Rs 678.80 per 10 kg in 21,600 lots.
Analysts said profit-bookings by speculators due to weak demand in the spot market against sufficient supplies from producing region mainly kept pressure on refined soya oil prices at futures trade. (AGENCIES)

Chana futures up 0.36% on better spot demand

NEW DELHI, Jan 13: Chana prices up by 0.36 per cent to Rs 3,045 per quintal in futures trading today after speculators created fresh positions supported by an improvements in spot market demand.
At the National Commodity and Derivative Exchange, chana for delivery in January rose by Rs 11, or 0.36 per cent to Rs 3,045 per quintal with an open interest of 30,260 lots.
However, commodity for delivery in February held steady at Rs 3,123 per quintal in 79,740 lots.
Analysts said the rise in chana prices at futures trade was firm demand in the spot markets, triggering speculators to create positions. (AGENCIES)

Sugar futures rise 0.47 pc on spot demand

NEW DELHI, Jan 13: Sugar prices rose by Rs 13 to Rs 2,807 per quintal in futures trading today as speculators created fresh positions, supported by pick up in demand in the spot market.
However, ample supply in the physical market restricted the gains,
At the National Commodity and Derivatives Exchange, sugar for delivery in January rose by Rs 13, or 0.47 per cent to Rs 2,807 per quintal with an open interest of 15,960 lots.
Likewise, the sweetener for delivery in February traded higher by Rs 12, or 0.44 per cent to Rs 2747 per quintal in 18,980 lots.
Analysts attributed the the rise in sugar futures to pick up in demand in the spot market. (PTI)

Indictment of JK Cements

This time it is the Minister of Industries who has taken the lid off the 100-crore scam in JK Cements Ltd. It is something rare for a Minister to do so because normally only outside agencies like media or NGO or PIL bring such big scams to the limelight. Both branches of the PSU, namely Bari Brahmana in Jammu and Khrew in Pulwama are under scanner for scandalous activity. Purchase of machinery at abnormally high rate, purchase of sub-standard raw material,  carelessness in pollution control and degradation of environment etc. have been detected by the departmental committee constituted under the orders of the Minister.
The Chief Minister has taken the right decision of handing over the scam case to the State Vigilance Organization and at the same time Government has been asked to file FIR with the local police headquarter against the J&K Cements Ltd. Deficits to the tune of 16 crore rupees have also been detected.  With the filing of FIR, serving as well as retired officers and functionaries of the PSU will be examined and they will have to answer for the irregularities that will be established by the Vigilance Commission.
How sad that a PSU once running in comfortable profit has been ruined by corrupt and immoral persons at the helm of its affairs. It is producing sub-standard cement and its credibility has received a serious blow. On one hand, the Government is willing to provide all incentives and facilities to help industries expand in the State and on the other we find the sordid condition of the PSU. Vigilance Organization is expected to probe into the scam expeditiously and contribute to bringing the culprit to book.

horoscope

Tuesday Jan 14-2014   

Aries : A favourable day as any can be, says Ganesha. You are happy and content with what you have, and you’ve planned and are working towards what you want. A romantic date may prove interesting or throw up a controversy — decide where you want to take it.

Taurus : Priorities and money matters will line up impatiently to knock on your door (and desk). Your financial constraints will get an outburst today. People may be taken by surprise with the way you get poignant. You will also enjoy the higher accountability reposed on you, predicts Ganesha.

Gemini : Today, you will get an opportunity to rejuvenate yourself with seamless energy. How? Ganesha’s guess is that you will find — or at least you will believe that you have found — your purpose in life. It will keep you excited throughout the day, and maybe even for days to come. You may spend lavishly to improve your personal appearance. Such expenditures are only an investment, feels Ganesha.

Cancer : Your business acquaintances will come forward in the manner that may seem nothing short of some divine intervention. This means that they will virtually save your neck from the guillotine, predicts Ganesha. You will grow wiser in your spending ways, as you will know what to buy and what not to buy. At work, you will impress everyone with your skills and efficiency.

Leo : It may be that the best daffodils bloom early in the morning, but good ideas can come any time of the day, says Ganesha. So spruce up your management skills, as you shall need them to help organise and cash in on the multitude of ideas that will bombard you today. Remember, says Ganesha, a good idea can change your life, just the way a good poem can help you win a wife! So, if it is some love that you are fishing for, then express yourself without inhibitions today.

Virgo : Professionalism will be overshadowed by personal preoccupations. Drill your way out of problems today by meeting them head-on. Don’t get stuck up on the emotional front, especially in the evening, cautions Ganesha.

Libra : Ganesha advises you not to take stress about small issues or matters. To avoid tension and to gain mental peace it is advised you perform yoga or meditation. There will be pressure put on you regarding certain matters at the work-front. You should take decisions regarding critical matters only after carefully weighing the pros and cons.

Scorpio : A series of events at work front may keep you busy throughout the day. You may be unable to manage the clutter and confusion created by too many things at the same time. However, you emerge a fighter because of your power of resilience. Ganesha advises to go slow, yet steady; take one problem at a time and sort it out.

Sagittarius : You will discover a flair for flirting as you puppet words to your romantic will with ease and grace. Most of today will be spent in the company of a loved one, perhaps a picnic for two, or a day-long romantic date. Stay prepared for the worst as this may not necessarily blossom into a long-lasting relationship, warns Ganesha.

Capricorn : It’s a lucky day for your sweetheart! Wonder why it’s written in your horoscope? You will pamper him/her to the hilt, take them out on a shopping spree and buy whatever they lay their eyes on, even if it’s way beyond reasonable, says Ganesha. You will go overboard to make your love feel that nothing else matters, and although this lavish outing will serve the purpose, you may later repent not keeping a count of your cash.

Aquarius : You do have a way with words and today, you may succeed with your gift of the gab! But Ganesha says that your confused feelings may come in the way of your triumphant achievement. Also, sentiments may lead to a disastrous outcome. Sounds familiar?

Pisces : Your energy and enthusiasm will know no bounds today, as everything seems to fall into place, seemingly on its own. You will blaze a new trail at the work-place. Certain tough calls may leave you off-balance momentarily, but you will come out of it with flying colours. For those who are in artistic professions, fame could come knocking on your door, says Ganesha.

 

A view of Lohri celebration at Jammu. -Excelsior/Rakesh

A view of Lohri celebration at Jammu. -Excelsior/Rakesh
A view of Lohri celebration at Jammu. -Excelsior/Rakesh

A view of Lohri celebration at Jammu.  -Excelsior/Rakesh

SDP leader Dr Darakshan Andrabi addressing press conference at Jammu on Monday. -Excelsior/ Rakesh

SDP leader Dr Darakshan Andrabi addressing press conference at Jammu on Monday. -Excelsior/ Rakesh
SDP leader Dr Darakshan Andrabi addressing press conference at Jammu on Monday. -Excelsior/ Rakesh

SDP leader Dr Darakshan Andrabi addressing press conference at Jammu on Monday.  -Excelsior/ Rakesh

Air Marshal S S Soman receiving guard of honour during his visit to Air Force Station Jammu on Monday.

Air Marshal S S Soman receiving guard of honour during his visit to Air Force Station Jammu on Monday.
Air Marshal S S Soman receiving guard of honour during his visit to Air Force Station Jammu on Monday.

Air Marshal S S Soman receiving guard of honour  during his visit to Air Force Station Jammu on Monday.

Deputy Chief Minister Tara Chand distributing order to a education volunteer at SKICC on Monday.

Deputy Chief Minister Tara Chand distributing order to a education volunteer at SKICC on Monday.
Deputy Chief Minister Tara Chand distributing order to a education volunteer at SKICC on Monday.

Deputy Chief Minister Tara Chand distributing order to a education volunteer at SKICC on Monday.