16 25582.11 517.97 Nifty 7623.20 J&K Bank BSE 1589.45 NSE 1590.55 facebook.com/DailyGreaterKashmir 163.95 Gold `27,579 `90 24kt/10gm Silver `45,000 /Kg SBI 22.15 17.2 BSE 2576.75 NSE 2575.20 Crude `220 `6,208 `7 /Brl HDFC Bank 105.70 109.50 BSE 830.15 NSE 829.25 BUSINESS twitter.com/GreaterKashmir_ Dollar `59.78 PNB 9.90 11.20 BSE 931.15 NSE 932.15 Euro Pound ` 81.29 ` 102.32 Fresh elections in 40 days No place for politically affiliated people in KEA: Members Srinagar, July 9: In what points to deep cracks within Valley’s premier business organization, Kashmir Economic Alliance, nine of its 12 constituent members today brought no confidence motion against its chairman Muhammad Yasin Khan and other executive members, and announced dissolution of the executive committee. It was announced at the press conference that the members have unanimously appointed Farooq Ahmad Dar, chairman JKCCC, a constituent in the KEA, as its ad hoc chairman. Dar along with eight other members while addressing a press conference here blamed the “politicization of the alliance by some of its members as the reason for its dissolution.” He said alliance distances itself from politics as “it is a traders’ organization and has nothing to do with politics.” “We are an apolitical organization. We are a traders’ body working for the betterment of the trade and commerce in Kashmir,” he said. “No person with political affiliation can be a member of the KEA,” he cleared, adding that the June 26 decisions taken at its meeting at SK Park here to include Panchs and Sarpanhs in the fold of KEA is cancelled. He said: “Holding political rally and allowing or rather inviting the Panchs and Sarpanchs to participate was against the spirit of objectives of the KEA which was formed only to serve the interest of traders’ community.” He alleged that when the past chairman Muhammad Yasin Khan didn’t listen to “our suggestions that Panchs and Sarpanchs should not be allowed in the fold of KEA, we decided to form an ad hoc body till fresh elections are held.” Meanwhile, Khan terminates 3 member associations from KEA 'Disgruntled elements giving false statements' Such individuals, are shown the door so that an unequivocal message is conveyed to each and every member of the KEA that dishonesty and dissension have no place in the alliance, no matter who the people are and/or what positions they hold. GK NEWS NETWORK Srinagar, July 8: Kashmir Economic Alliance led by Yasin Khan has terminated the membership of three constituent members. Chief spokesperson KEA, Siraj Ahmad in a statement said that it has come to “our notice that some disgruntled elements who have already been expelled from KEA, are misleading people by giving false statements.” He said the KEA held its Executive Council meet at Srinagar, presided by Khan on Monday. The EC members: District Presidents Islamabad (Anantnag), Shopian, Ganderbal, Kupwara, Baramulla, Kishtiwar, Doda were present, it said. The EC members M Iqbal Tramboo, Siraj Ahmad, Abdul Majeed Ghazi, Muhammad Yousuf Wani, Muhammad Azim Tuman, Muhammad Yaqub Ronga and Abdul Ahad Rah also participated the meeting, it said. The chairman KEA reiterated the aims and objectives which according to him formed the cornerstone of KEA. The members present appreciated the efforts of the Chairman, Vice chairman and the Chief Spokesman in carrying forward the mission of KEA and forging it into a formidable alliance, the KEA handout said. The meeting also took stock of achievements, successes and failures that have come in the journey towards self reliance and progress of KEA allies in particular and people of the valley in general. “It was felt by every member present that divisive forces were hard at work to ensure KEA does not succeed in its aims, objectives and philosophy which forms the pillar of its very existence,” it said. District members were shown the KEA presentation which elaborates the aim of its existence. The members complimented the efforts put in for such a detailed presentation and requested the Chairman to showcase this in the forthcoming meetings in all the districts of the valley. Chairman KEA apprised the meeting of the “recent activities of some disgruntled elements within and their nefarious attempts to somehow bring dissent and confusion.” “These egoistic elements wanted to hold prominence and use their clout for individual progress and prosperity,” it said. The chairman made BSE 1888.30 NSE 1888.25 Holding political rally and allowing or rather inviting the Panchs and Sarpanchs to participate was against the spirit of objectives of the KEA which was formed only to serve the interest of traders’ community. To mention, KEA was formed in 2010 after all the sectors of the trade decided to come under one banner to promote the cause of uplifting the state’s economy. KEA became an umbrella of traders, industrialists, tourism players, transporters, horticulture, contractors and houseboat owners. Chairman Houseboat Owners Association, Muhammad Yousuf Chapri in the press conference said: “I was appointed as mediator to negotiate with the past chairman, but his approach was more of a dictator than democrat. He didn’t listen to suggestions instead went to press and dismissed members who had opposed him.” “Every organization has a constitution as per which the tenure of president or chairman is fixed. But past chairman was adamant to retain the chair and was also hindering the process of elections of new executive committee.” President, KHARA, Showkat Chowdhary, said that they are not against any individual. “But it does not look nice when business community indulges in petty politics. Traders’ bodies are formed to solve the problems and redress the issues of business community not to showcase power by holding political rallies inviting political representatives.” Meanwhile, the members said the committee will also frame the constitution of the KEA. However, the KEA members appreciated the work done by its past chairman Muhammad Yasin Khan. “Khan worked hard for the betterment of the business community by leading this alliance. That role of Khan cannot be forgotten,” they said. The members announced that fresh elections will be held within next 40 days. BSE 525.75 NSE 525.95 ` 212.91 ICICI Bank 16.80 16.25 BSE 1412.50 NSE 1411.20 Mumbai, July 8: Tempering the rising expectations from the forthcoming budget, foreign brokerage Credit Suisse today said the options before Finance Minister Arun Jaitley are limited and July 10 will be a "non-event". "This budget shouldn't matter...There is also limited room for fiscal manoeuvres...We expect the budget to be a nonevent for the broader market," it said in a note today. The much-awaited maiden budget of the Narendra Modi government will be tabled on Thursday by the Finance Minister. The room for fiscal manoeuvres is limited as volatile corporate taxes are at 34 per cent of all taxes and only a small fraction of spending is discretionary, the Swiss brokerage said. Yen ` 0.59 Ch Yuan ` 9.66 IndusInd Bank 38.45 40.15 BSE 552.50 NSE 551.10 3.75 4.85 This budget shouldn't matter...There is also limited room for fiscal manoeuvres...We expect the budget to be a non-event for the broader market Stating that the spillover from the previous year's performance limits the ability to trim fiscal deficit this financial year, it said the roadmap on that front which Jaitley lays down will be of greater interest though it is too early to expect details on it. As for FY15's fiscal deficit number, it said divestment can help improve the situation. The interim budget had pegged the fiscal deficit target at 4.1 per cent of GDP on a projected 19 per cent improvement in tax collection. "FY15 deficit could be raised (above the figure of 4.1 per cent stated by Jaitley's predecessor P Chidambaram), but commitment to deficit of 3 per cent of GDP by FY17 will likely be reiterated," it added. It can be noted that in the first two months of the current fiscal itself, government's borrowing had touched a whopping 45.6 per cent, while tax mop-up grew at a tepid 3.1 per cent, as the government has frontloaded the subsidy payments, including those that were to be paid last fiscal. The brokerage said some commentary on state-run banks' recapitalisation, laying out a clear roadmap on the way forward for this, will be of help. GOVERNMENT OF JAMMU AND KASHMIR DIRECTORATE OF HANDICRAFTS NOTICE. Subject: Select list of candidates for the post of Assistant Handicrafts Training Officer (Industries and Commerce Department), Divisional Cadre Kashmir, Advertised vide Advertisement Notice No.03 of 2012 dated:-28-12-2012, Item No.165 and Advertisement Notice No.01 of 2013 dated:16-02-2013, Item No.024. The Administrative Department vide communication No.Ind/DOH-97/95-II dated:-30-06-2014, has forwarded copies of letters alongwith selection lists endorsed to them by the Service Selection Board vide their No.SSB/Sel/Secy/014/2265-71 and No.SSB/Sel/Secy/014/2378-84, dated:-11-04-2014 (for the posts of Assistant Handicrafts Training Officer Divisional Cadre Kashmir) and asked this office to issue formal appointment orders in favour of the selectees after verifying/checking all the original certificates/ testimonials as required under rules/procedure invogue. CatName of the candidate Father’s Name Permanent Address Remarks egory Selection List (Open Merit) Advertisement Notice No.03 of 2012 dated:- 28-12-2012, Item No.165. Mohammad Sultan 01. OM Mohammad Ibrahim Shalbaf Mohalla Anchar, Srinagar Gilloo Sherwani Colony Khojabagh 02. OM Dilshad Ahamad Lone Abdul Sattar Lone Baramulla, J&K Suharwardi Villa Sikandarpora 03. OM Mohd Azhar Suharwardi M. Y. Mehboob Rainawari Srinagar Lane 2 Umer Colony B Lalbazar 04. OM Zeeshan Nazir Nazir Ahmad Kala Srinagar J&K Selection List (RBA Category) Uttersoo Majigund Tehsil Anant01. RBA Manzoor Ahmad Dar Sonaaullah Dar nag District Anantnag. Manzoor Ahmad 02. RBA Sufaira Manzoor Ganie Mohalla Kalarooch Kupwara Ganie 03. RBA Nadeem Ahamd Malik Gh. Qadir Malik Botakote Pahalgam Anantnag 04. RBA Javid Majeed Wani Ab Majeed Wani Damhal Kokernag Anantnag 05. RBA Muzzafar Ahmad Wagay Ali Mohd Wagay Kamad Dialgam Anantnag Selection List (SC Category) 01. SC Sanjeev Kumar Sakolia Sampuran Chand Main Chowk Chinore Jammu VPO Kali Bari Samba Teh & DT 02. SC Manoj Kumar Sh Panjaboo Ram Samba J&K Sant Ashram Road Akhnoor 03. SC Sachin Kumar Bhagat KC Bhagat Jammu Selection List (ST category) Gurez colony Kanter Mohela Darm 01. ST Arif Hussain Sheikh Ab Rashid Sheikh 846 Kralpora Chadoora Budgam Ghulam Mohammad 02. ST Ouvase Ahmad Lone Markoot Gurez Bandipora Lone 03. ST Mehboob Ali Khan Mohd Near DC Office Baroo colony Kargil 04. ST Zahid Rafiq Lone Rafiq Ahmad Lone Badwan Gurez Bandipora Selection List (ALC category) 01. ALC Muneer Ahmad Tantry Nazir Ahmad Tantry Ring Payeen machil Kupwara S.No. Select list of candidates Advertisement Notice No.01 of 2013 dated:-16-02-2013, Item No.024. S.No. CatName of the candidate Father’s Name Permanent Address Remarks egory Selection List (Open Merit) 01. OM Arshad Hussain Shah Abdul Gani Shah Nowhar Charari Sharief Budgam 02. OM Mudasir Ahmad Bhat Ab Gani Bhat Palapora Noorbagh Srinagar 03. OM Showket Ahmad Bhat Abdul Rahim Bhat Mohalla Moorabad Gamraz Road Tehsil Tral District Pulwama 04. OM Mudasir Ahmad Khanday Bashir Ahmad Khanday Khanday Mohalla Budgam Kulgam 05. OM Rayees Ahmad Bhat Bashir Ahmad Bhat Rakhi Chee Dist Anantnag Teh Anantnag 06. OM Sajad Ahmad Dagloo Ali Mohd Dagloo Firdous Colony Alijan Road Eidgah Nr Haseeb Steel Sales Srinagar 07. OM Sawlat Ahmad Bhat Mohd Akram Bhat Khrewan Chadder Kulgam 08. OM Umer Hameed Vaid Abdul Hameed Vaid New Colony Bijbehara Anantnag J&K 09. OM Tasaduq Hussain Muzaffar Ali Wata Magam P/O Magam Tehsil Beerwah District Budgam 10. OM Farooq Ahmad Dar Gh. Mohd Dar Berigam Devsar Kulgam 11. OM Asif Rasool Bhat Gh. Rasool Bhat 72 Extension Raj Bagh Srinagar J&K C/O Khalid NR M A Bakery 12. OM Asif Iqbal Dar Mohd Iqbal Dar Vill Panzer PO Tukroo Hawal TO Shopian J&K 13. OM Rayees Hassan Gh. Hassan Pandith Chitragam Kalan Shopian KMR Via Bijbehara Selection list (RBA category) 01. RBA Bilal Ahmad Mir Zahoor Ahmad Mir Bungam Damhal Hanji Pora Kulgam 02. RBA Reyaz Ahmad Mohammad Sultan Bhat Hafroo Batapora Chadoora Budgam 03. RBA Mohd Hanif Lone Ghulam Rasool Lone Sheikwanipora Boniyar Baramulla 04. RBA Mohammad Ajaz Ul Haq Ghulam Quadir Bhat Lorow Jagir Tral Pulwama 05. RBA Sharief u Din Shah Hussam U Din Shah Marval Pampore Pulwama Selection list ( OSC category) 01. OSC Muzafar Ahmad Ahanger Wali Mohammad Ahanger Mohalla Bijbehara Ahanger Anantnag Selection list of (ST category) 01. ST Ashan Ali Mohd Raza Vill Karit Kargil Ladakh 02. ST Lobsang Stanzin Tsering Dorjay Thay Zanskar Padum Zanskar Kargil Ladakh J&K Selection list (ALC category) 01. ALC Mohd Shafi Mir Mohammad Kamal Mir Chountiwari Machil Kupwara Before the formal appointment orders are issued, all the aforementioned selected candidates are advised to favour this office (Directorate of Handicrafts, Exhibition Ground Kashmir Haat, Srinagar) with the following original requisite documents within a period of 21 days from the date of publication of this notice:- The latest episode of the most popular radio program of Humsafar Marriage Counselling Cell Srinagar about the blessed month of Ramazan, that was broadcast on 4 July Friday 2014 on Radio Kashmir Srinagar at 8:30 am, was comprehensive and superb. This episode has the great significance for RamazanulMubarak and it contains extra reformative and knowledgeable dimensions about Fasting. It also taught the right things, particularly, to the spouses that must be adopted during the month of Ramazan so that their marital life will be tension-free, peaceful and happy. We would like to express our gratitude to the esteemed speaker of Humsafar Radio Program, Muhtaram Fayaz Ahmad Zarroo Sahib, who is the noted Islamic scholar of the state, who made such a highly beneficial, comprehensive, reformative and knowledgeable speech on Radio Kashmir Srinagar. Jazakallah. We are also very grateful to the Producer & Director of Humsafar Radio Program, Mr. Saleem Aijaz Kapra, and the anchor of this popular program, Mr. Fayaz Ahmad Fayaz, for making such a very useful program for the general public. Jazakallah. We are also indebted to the Director Radio Kashmir, Madam Rukhsana Jabeen, and Director CBS, Mr. Shamshad Kralwari, for broadcasting Humsafar like socio-friendly program. Jazakallah. 1. Date of Birth Certificate. 2. Academic/Technical Qualification Certificate. 3. Reserved Category Certificate, if any. 4. Permanent Resident Certificate. 5. Character/Antecedents Certificate. 6. Health certificate. 7. No loan certificate under self Employment Scheme from DIC concerned and Employment Department. We wish you all the best. With regards, Advocate Basharat Ahmad Shah, Abdul Baasit and colleagues Baramulla Kashmir Kuwaiti Dinar PRESS TRUST OF INDIA THANK YOU VERY MUCH, JAZAKALLAH 004 ` 16.27 'Budget to be non-event as FM has limited choice' Humsafar on Fasting The demand for urea is 31 million tonne, the country produces only 22 million tonne required for fertilizer plants, only 31 mmbtu is available in the country at a cost of USD 4.2 per mmbtu. He said the gas is imported at a high cost. Referring to various steps undertaken by the government to ensure adequate supply of subsidised chemical fertilizers to farmers, he said month-wise demand is assessed and projected by the Department of Agriculture and Cooperation in consultation with the state governments before commencement of each cropping season. Based on the projects, the Department of Fertilisers allocates sufficient quantity of fertilizer to states by issuing monthly supply plan and continuously monitors the availability. it clear that no person, whether an individual or in a group would be ever allowed to use KEA for personal gain or glory. “The time has come, he added, “that such individuals, are shown the door so that an unequivocal message is conveyed to each and every member of the KEA that dishonesty and dissension have no place in the alliance, no matter who the people are and/or what positions they hold.” “The EC members were unanimous in their voice to take stringent action against “disruptive and disgruntled” people. “Motion to terminate the following members/member associations from the Alliance Executive Council and the basic/founder membership with immediate effect was carried out unanimously,” it said. The members are: Farooq Dar of J&K contractors coordination committee, Ghulam Nabi Pandow of Sumo stand number two, and Muhammad Sidiq Ronga of Goods transport. The chairman requested the members to remain steadfast in their commitment to the economic development and prosperity for Kashmiris. Dirham Yes Bank 34.15 34.75 Superb Radio Program of No proposal to hike urea price: Govt New Delhi, Jul 8: There is no proposal to hike price of urea and the government will continue to provide subsidy to farmers for the soil nutrient, the Lok Sabha was informed today. Chemicals and Fertilizers Minister Ananth Kumar said while the demand for urea is 31 million tonne, the country produces only 22 million tonne. The rest is imported. He said there will be no shortage of urea at subsidised rates for the farmers. Responding to supplementaries, he said there is no proposal to hike urea prices and subsidy will continue to be provided for the nutrient to the farmers. He said the government is in the process of acquiring assets in various countries, including Russia and Canada, through joint ventures so that "near" self reliance can be achieved. India already has joint ventures with Oman, Senegal, Jordan and Morocco in the fertiliser sector. The minister said there was a need to educate farmers to use micro nutrients and shift to organic manure. He said the proposed Haldia-Jagdishpur GAIL gas pipeline will help fertiliser plants in various states in their respective revival plans. While 46 mmbtu of gas is ` 15.95 Axis Bank 38.55 37.70 Cracks within KEA: Executive committee dissolved MUKEET AKMALI Saudi Riyal DIPK: 3276 004 epaper.GreaterKashmir.com Sensex Greater Kashmir SRINAGAR | July 09, 2014, Wednesday Sd/-Director Handicrafts, J&K Govt.