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| RBI mulling to introduce dollar as currency for cross- LoC trade: Mehbooba | | | Jehangir Rashid
Early Times Report
Srinagar, June 13: Chief Minister Mehbooba Mufti today exuded confidence that the cross Line of Control (LOC) trade would become a full-fledged business activity with Reserve Bank of India (RBI) all set to introduce currency system in this trading activity which at present is being carried out on barter system.
"The RBI has almost given its nod to the introduction of currency system with regard to cross LoC trade. The trading activity would be carried out on commercial basis with dollar being the currency used in the same process. I hope this would be done soon and the trade would no more be a barter trade," said Mehbooba while intervening during the question hour in the legislative council.
The chief minister while giving reply to the question of Dr. Shahnaz Ganai (National Conference) said that the buses used for the cross LoC bus service have not been changed since its resumption in 2005. She said that the present government has introduced Volvo buses for this purpose so that the people who travel through this service get best possible services.
Mehbooba said that she met Home Minister, Rajnath Singh recently and discussed the importance of legalizing the Nepal route for surrender of the people who wish to give up militancy and join the mainstream while returning from Pakistan occupied Kashmir (PoK). She said the state government wants to legalize some other routes in this regard so that a sense of confidence is inculcated among the youth who want to surrender.
"The present government is committed to promotion of tourism in border areas and initial steps have already been taken in this regard. Cross LoC points like Salamabad and Chakan Da Bagh are being developed on modern lines of tourism. Suchetgarh has also come up as destination of border tourism and things are moving in right direction in this regard," said Mehbooba.
Earlier in the assembly the chief minister said that the state government would act tough against the encroachers so that a strong message reaches out to people who have over the years encroached upon the water bodies. She said that due to planting of trees in the water bodies the passage of water gets choked thus leading to problems like flood.
"The government won't allow encroachments in and around the water bodies and I urge the people to support us in this endeavor as otherwise we may be, God forbid, headed for more ferocious natural disasters than the devastating floods of September 2014," Mehbooba said while intervening in the reply to a question regarding flood management raised by MLA Kulgam Mohammad Yousuf Tarigami.
The Chief Minister said despite a fore-warning by the experts during 2011-12 about looming floods to hit Kashmir, their suggestions and recommendations were ignored which resulted in massive devastation in Valley by September 2014 deluge.
"We witnessed 2014 floods because of the massive encroachment of our water bodies. Now we are having encroachments in Dal Lake. We have lost Wullar Lake to lakhs of trees and similarly encroachments alongside Jhelum are rampant," she said.
Mehbooba said that the government is in the process of seeking technical and financial help from the central government to increase the carrying capacity of Wullar Lake, river Jhelum and its tributaries including Vaishaw and Rambiara nallahs in Kashmir and river Tawi and Chenab in Jammu.
The Chief Minister said a flood-management program is also under implementation for river Jhelum under Prime Minister's Development Plan. She said while there was a massive water crisis looming across the country, Jammu & Kashmir was mulling to adopt a comprehensive plan for rain water conservation. |
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