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Declaring JK Bank as PSU is attack on another symbol of State’s identity: Nizamuddin Bhat

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Srinagar: Senior PDP leader Nizamuddin Bhat has said that SAC decision declaring J&K Bank as a PSU is an attack on another symbol of state’s identity and its distinct constitutional status.

Bhat in a statement said earlier it was the Muslim Wakf Board and SKIMS Board which have been undermined and fiddled with on misplaced notions.

Bhat said the decision regarding J&K Bank further exposes the design to tinker with all such institutions which are wedded to state’s social, political and constitutional structure.

“The reasons offered by government, justifying it are erroneous, misplaced and reflective of an anti-Kashmiri, anti-state mindset.”

Bhat said Bank is governed by Board and the Reserve Bank norms and government’s reasoning is an indictment of both.

He said the suggestion from PDP President Mehbooba Mufti for roll back of the SAC decision deserves immediate response from the Government.

He said SAC members have ridiculed peoples’ investment and have thrown open a challenge to stake holders whose dedication and honesty also has been put to question.

He said former PDP Finance Minister has done a service to state whose opposition brings on record the tenable grounds in defiance of government action which need to be understood and pursued till the unpopular and “regressive” action is undone.

Bhat said people of the state need to know how few retired bureaucrats have reversed most of the people-friendly decisions of popular government and how brazenly they have superseded well-oriented laws only to show that autonomy and identity of the state and its erosion was their sole mission and agenda.

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