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HDFC Bank board picks up ex-Finance Secretary Rajiv Kumar to steer bank

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HDFC Bank board picks up ex-Finance Secretary Rajiv Kumar to steer bank

The HDFC Bank board on Monday appointed former Finance Secretary Rajiv Kumar as its new chairman, who had been instrumental in revitalising public sector banking and the financial sector.

The board approved the appointment of Rajiv Kumar as an Independent Director of the bank for a period of 4 years, with effect from June 30, 2026, HDFC Bank said in a regulatory filing.

It also cleared, subject to the approval of the Reserve Bank of India (RBI), the appointment, including remuneration of Kumar as a Part-time Chairman of the bank for a period of 3 years, effective from the date as approved by the central bank, it said.

Kumar, who later served as the 25th Chief Election Commissioner of India, is also credited with creating a world record of overseeing a general election where the largest number of voters were involved globally.

He would replace Atanu Chakraborty, who abruptly resigned citing ethical concerns in March.

As Secretary, Department of Financial Services (2017-2020), Kumar assumed charge at a time when public sector banks were grappling with high levels of unrecognised NPAs, capital inadequacy, equity and debt being diverted, governance challenges, including large consortiums, NBFCs struggling to fill micro credit gaps post demonetisation, ponzy schemes sucking poor’s little savings, etc, the bank said in his profile.

Within a fortnight of Kumar’s joining the Department of Financial Services, accounts of about 3.38 lakh shell companies were frozen, hitting at the architecture of black money itself. Curb on ponzy schemes followed by getting the Banning of Unregulated deposits Schemes Act, 2019, passed, it said.

Through decisive policy direction and execution, Kumar led a comprehensive clean-up of bank balance sheets by mandating transparent recognition and provisioning of NPAs and by enforcing accountability among borrowers under the Insolvency and Bankruptcy Code framework, it said.

“His approach addressed the long-standing twin balance sheet problem by restoring credit discipline and rebooting the creditor-debtor relationship. These efforts, structured around the ‘4R strategy’ of Recognition, Resolution, Recapitalisation, and Reforms, enabled a sharp turnaround in the banking sector, with public sector banks returning to sustained profitability and improved asset quality,” it said.

His tenure saw decisive action against illicit financial practices, strengthening regulatory oversight of cooperative banks, and enforcing accountability in high-profile default cases. For loans of Rs 50 crore and above, passport details became mandatory, closing the door on big borrowers who might flee before action caught up, it added.

“Fraud checks, specialised monitoring above Rs 250 crore, and IT-based risk scoring on 34-plus factors replaced soft signals with loose controls, built into lending by large consortiums of often more than 25 banks. Opacity, suddenly, carried a cost. A total reset of the Creditor-Debtor relationship with a loud and clear message that money has to be lent prudentially and debtors must pay back,” it added.

A key pillar of this transformation was the unprecedented recapitalisation of public sector banks, involving capital infusion exceeding Rs 3 lakh crore, which helped restore solvency and lending capacity, the lender noted.

This was complemented by a far-reaching consolidation exercise, under which 27 public sector banks were merged into 12 stronger entities, alongside rationalisation of Regional Rural Banks into a more efficient one-state, one RRB structure. These measures significantly improved operational efficiency, scale, and competitiveness across the public banking system, according to the bank.

Greater Kashmir

SKUAST-K, IFPRI launch Advanced Economic Modelling Programme to boost policy research

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SKUAST-K, IFPRI launch Advanced Economic Modelling Programme to boost policy research

Sher-e-Kashmir University of Agricultural Sciences and Technology of Kashmir (SKUAST-K), in collaboration with the International Food Policy Research Institute (IFPRI), on Monday launched a one-week advanced capacity-building program on Computable General Equilibrium (CGE) Modelling for Economic Policy Analysis at its Shalimar campus.

Organised by the Institute of Business and Policy Research (IBPR), SKUAST-K, the program will run from June 29 to July 4, bringing together researchers, academicians, policymakers, and development professionals from across the country for intensive training in advanced economic modelling and policy analysis.

The programme aims to strengthen participants’ capacity to apply CGE models for evidence-based research, policy simulation, and informed decision-making across sectors such as agriculture, trade, rural development, and public policy.

The inaugural session was presided over by Vice Chancellor SKUAST-K, Prof. Nazir A. Ganai, while Prof. Anjani Kumar, Senior Research Fellow at IFPRI, attended as Guest of Honor. Prof. Azmat Alam Khan, Registrar, SKUAST-K, and Prof. Raihana H. Kanth, Director, Extension and Dean, Faculty of Horticulture, were also present.

Underscoring the institutional significance of the initiative, Vice Chancellor Prof. Nazir A. Ganai said, “Advanced economic modelling is central to designing sustainable and inclusive policy solutions. This program reflects SKUAST-K’s commitment to research excellence and policy relevance.”

Welcoming participants, Course Director Prof. Farhet A. Shaheen highlighted the program’s practical focus and its relevance to strengthening analytical capacity among researchers and policy professionals. Highlighting the broader policy relevance of such analytical tools, Prof. Anjani Kumar said, “CGE modelling has become indispensable for understanding economic complexity and strengthening policy decisions through data-driven insights.” Expanding on the technical significance of the framework, Dr Barun Deb Pal, Lead Resource Person from IFPRI, noted, “CGE models provide a powerful framework to assess economic linkages and policy impacts across sectors.”

The collaboration with IFPRI further reinforces SKUAST-K’s expanding global research partnerships and its growing role in economic policy research and institutional capacity building.

The inaugural session was moderated by Dr. Aiman Fayaz, while the vote of thanks was delivered by Dr. Farheen Naqash.

Greater Kashmir

BRO’s project BRAHMANK marks 16th Raising Day in Arunachal

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BRO’s project BRAHMANK marks 16th Raising Day in Arunachal

Border Roads Organisation’s (BRO) Project BRAHMANK celebrated its 16th Raising Day on Monday at Ranaghat in Arunachal Pradesh, marking 15 years of building and maintaining strategic road infrastructure in the northeastern state.

The project is responsible for the development and maintenance of 811 km of roads and about 86 bridges across Siang, East Siang, West Siang, Upper Siang and Shi-Yomi districts of Arunachal Pradesh, besides parts of Assam’s Dhemaji district.

During 2025-26, Project BRAHMANK completed 13 bridges with a combined span of 390 metres and blacktopped 61 km of roads to national highway standards. It has also developed helipads to improve connectivity in the strategically important region.

The BRO said the project has played a key role in strengthening operational connectivity for the armed forces while improving access to remote border areas despite difficult terrain and challenging weather conditions.

Greater Kashmir

Varmul Gundo 3.0 Kicks Off

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Varmul Gundo 3.0 Kicks Off

The General Officer Commanding (GoC) of the 19 Infantry Division Major General Manoj Joshi on Monday said that sports provide the right direction to youth and can play a decisive role in making Baramulla a symbol of peace in Kashmir.

He emphasised the transformative power of sports in shaping society besides protecting young people from drug abuse, misinformation and violence.

In his address during the inaugural ceremony of the third edition of Varmul Gindo 3.0, Baramulla’s biggest multi-sport festival, the GoC Dagger division said sports instill discipline, teamwork, resilience and positive thinking while keeping young minds engaged in constructive activities.

“An empty mind is the devil’s workshop. Sports give you a healthy body, a positive mind and make you a better human being. A true sportsperson never surrenders to drugs because he knows addiction will only weaken his performance,” he said.

The month-long festival, organised by the Dagger Division in collaboration with the J&K Sports Council, District Youth Services & Sports Department was inaugurated at Prof. Shoukat Ali Stadium under the theme ‘Tarjuman-e-Aman’ (Messenger of Peace).

The inaugural ceremony was attended by the MLA Gulmarg Farooq Ahmad Shah, MLA Baramulla Javid Hassan Baigh and MLA Wgoora-Kreeri constituency Irfan Hafiz Lone besides Commander TMG Brigade, Arjuna Awardee Rupali Patel Singh, senior officers of the Army, officials of the J&K Sports Council, civil administration, sportspersons, students and members of the local community.

Nearly 3,000 boys and girls from across Baramulla district are expected to participate in more than 20 sporting disciplines at over 15 venues during the month-long festival.

Talking about the growth of the event, Major General Joshi said the first edition had featured 13 sports disciplines with around 1,800 participants, while this year’s edition has expanded to over 20 disciplines with nearly 3,000 participants and is expected to attract between 25,000 and 30,000 spectators.

“Our vision is to establish Baramulla as the sports capital of Kashmir. Sports culture has the potential to transform the city and its youth,” he said.

The GOC recalled witnessing two major sporting events over the past two days including, Baramulla Marathon and the final of the Hazil Memorial Cup and termed both the events as examples of the Valley’s growing sporting spirit.

Narrating an emotional moment from the Hazil Memorial Cricket Tournament, he said both the winning and runner-up teams chose to dedicate their trophies to the family of the late Hazil instead of taking them home.

Greater Kashmir

Amit Sharma reviews progress of Census house-listing in south Kashmir

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Amit Sharma reviews progress of Census house-listing in south Kashmir

During his visit to the Dooru-Verinag and Kokernag areas of Anantnag district, Sharma assessed the implementation of house-listing and housing census operations and interacted with field functionaries to obtain first-hand feedback on the progress of the exercise.

He was accompanied by Census officials, the Executive Officer of the Dooru-Verinag Municipal Committee and members of his team.

As part of the inspection, Sharma reviewed house numbering, mapping and enumeration activities at various locations to ensure that field operations were being carried out in accordance with the guidelines and notifications issued from time to time.

The Census chief conducted random inspections at several locations in Dooru-Verinag and Kokernag to assess the pace and quality of the ongoing Phase-I exercise.

He also interacted with enumerators and supervisors engaged in the Census operations and sought feedback on field-level implementation, challenges encountered and the overall progress of the exercise. The interactions focused on ensuring the accuracy, completeness and timely completion of the enumeration process.

Sharma urged the field staff to maintain the same level of dedication during the second and more critical phase of the Census — Population Enumeration (PE).

Emphasising the importance of high-quality data, he advised enumerators and supervisors to continue their work with diligence and remain fully prepared for Phase-II to ensure a smooth transition to the next stage of Census operations.

He said the Census is being conducted on scientific lines through a fully digital and paperless system for the first time, adding that the data generated would serve as the foundation for future development planning and policy formulation.

The visit formed part of the ongoing monitoring and supervision mechanism to ensure the successful conduct of Census operations across Jammu and Kashmir.

Describing the Census as one of the country’s most important national exercises, Sharma said reliable Census data forms the basis for evidence-based governance, developmental planning and equitable distribution of resources.

He also clarified that all information collected during both phases of Census 2027 is legally protected and cannot be shared with any outside agency, government department or individual. He said the data is also inadmissible in a court of law, as provided under Section 15 of the Census Act, 1948.

Stressing the need for precision, Sharma directed enumerators and supervisors to ensure every entry is recorded accurately and thoroughly verified, cautioning that even minor errors or conceptual misunderstandings could affect the quality of Census data and have long-term implications for policy planning.

He also instructed Charge Officers and Supervisors to conduct regular field inspections and quality checks to maintain data integrity. Sharma called for strict adherence to Census guidelines and directed officials to ensure comprehensive coverage of every household, including those located in remote habitations, border areas and seasonal settlements.

Greater Kashmir

Anantnag Police strengthen railway security for Amarnath Yatra

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Anantnag Police strengthen railway security for Amarnath Yatra

The meeting brought together senior officers from the District Police, Central Armed Police Forces (CAPF), Railway Protection Force (RPF), Railway Police and other security agencies to review security arrangements and ensure coordinated planning ahead of the 57-day pilgrimage, which is expected to witness the participation of over 3.5 lakh pilgrims.

During the meeting, SSP Nagpure emphasised the need for seamless coordination among all security agencies to facilitate the safe movement of pilgrims while ensuring uninterrupted railway operations. He directed officers to reinforce key components of the security architecture, including robust access control, round-the-clock surveillance, anti-sabotage checks, real-time intelligence sharing and effective deployment of personnel at the railway station and its surrounding areas.

The SSP also stressed the importance of maintaining a high state of alertness, strict adherence to Standard Operating Procedures (SOPs) and establishing swift response mechanisms to deal with any contingency.

He conducted a detailed review of the existing deployment plan, CCTV surveillance network, baggage screening protocols, frisking procedures, emergency response preparedness, traffic regulation around the railway station and passenger facilitation measures. He also called for regular joint drills involving the Police, CAPF, Railway Police and the civil administration to improve coordination and operational preparedness.

“Continuous monitoring of vulnerable points and close liaison between all agencies is essential for creating a foolproof security environment,” SSP Nagpure told the officers.

Following the meeting, the SSP conducted an on-site inspection of Harnag Railway Station, where he examined security installations, entry and exit points, CCTV control rooms, baggage screening areas, and passenger amenities. He also interacted with personnel deployed at the station and issued specific directions to further strengthen the overall security architecture.

The officers present at the meeting reaffirmed their commitment to ensuring foolproof security arrangements and seamless coordination for the peaceful, safe and successful conduct of the pilgrimage.

Officials said the railway security review forms part of the broader multi-layered security blueprint for SANJY-2026, which includes advanced surveillance systems, drone monitoring, deployment of sniper teams, ridge domination exercises and enhanced coordination among the J&K Police, CAPF and the Army. Authorities have consistently maintained that the safety of pilgrims remains the top priority, with a strong emphasis on intelligence-led policing and community participation.

The ongoing security preparations, officials said, reflect the administration’s resolve to build upon the successful and incident-free conduct of previous Amarnath Yatras and ensure that devotees undertake the pilgrimage in a safe and secure environment.

Greater Kashmir

Govt pamphlet with text ‘Polio Free Pakistan’ goes into circulation; official asked to explain

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Govt pamphlet with text ‘Polio Free Pakistan’ goes into circulation; official asked to explain

Rajouri, Jun 29: Authorities have sought an urgent explanation from a block medical officer (BMO) over the circulation of an allegedly unauthorised and misleading pamphlet bearing the slogan “Polio Free Pakistan.”

The order was issued by the Rajouri chief medical officer (CMO), seeking an urgent explanation from the Kandi officer within a day.

In an official communication, the CMO said an advertisement related to the Intensified Pulse Polio Immunization (IPPI) Programme, 2026, was circulated on social media and WhatsApp groups, creating the impression that it had been officially issued or endorsed by the office of the Kandi BMO.

The order said scrutiny of the material revealed that it carried the logo of the national emergency operations centre (NEOC) and a slogan “Polio Free Pakistan”, which had no relevance to any programme or communication of the Jammu and Kashmir health and medical education department or the Union Ministry of Health and Family Welfare.

The pamphlet also carried the name and designation of the BMO now under scrutiny.

The logo and slogan were termed prima facie unauthorised, misleading and capable of creating public confusion regarding official government health initiatives. The letter said the ad material was circulated on social media by Community Health Officer Ayub Lone.

The matter has been viewed with “utmost seriousness” by the local authorities, which said it could adversely affect public confidence and bring disrepute to the department, the communication said.

The CMO directed the BMO to submit a detailed report and written explanation within a day, explaining whether the material had been prepared, approved, printed, published or circulated with official authorisation.

The officer was also asked to identify the officials or agencies responsible for preparing, designing, approving, printing and circulating the pamphlet.

He was also asked to explain under whose authority the logo and contents were incorporated. An explanation was also sought from the community health officer on why he allowed its dissemination.

The CMO ordered that no material, advertisement, poster, pamphlet or social media content be issued or circulated in the name of the office without verification and approval.

Greater Kashmir

Security forces recover arms, ammunition from hideout in Baramulla

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Security forces recover arms, ammunition from hideout in Baramulla

Srinagar, Jun 29: Security forces on Monday recovered a cache of arms and ammunition from a hideout in Sopore area of Baramulla district in Jammu and Kashmir, officials said.

During a search operation in Warpora area of Sopore, they recovered arms and ammunition, including an AK rifle, a magazine, 30 rounds of ammunition, a Under barrel grenade launcher and three UBGL grenades, they added.

Greater Kashmir

On-the-spot registration token distribution to begin in Jammu from Tuesday

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On-the-spot registration token distribution to begin in Jammu from Tuesday

Jammu, Jun 29: The distribution of tokens for on-the-spot registration of pilgrims participating in the annual Amarnath yatra will begin on Tuesday in Jammu, with the registration process set to start the following day, Deputy Commissioner Jammu Rakesh Minhas said here on Monday.

The 57-day annual pilgrimage to the 3,880-metre-high Amarnath cave shrine is scheduled to begin on July 3 from two routes: the traditional 48-km Nunwan-Pahalgam track in Anantnag district and the shorter yet steeper 14-km Baltal route in Ganderbal district. The first group of pilgrims will depart from Bhagwati Nagar Yatri Niwas in Jammu on July 2.

“Ten token counters have been established at the Tawi riverfront, and token distribution will begin transparently from 6 am on Tuesday. Registration and RFID issuance and registration for token holders will commence from the next day”, he told reporters here.

Minhas mentioned that extensive arrangements have been made to facilitate the pilgrims, including improved registration facilities, accommodation, sanitation, security, and traffic management.

“For the convenience of pilgrims, our token centre, along with e-KYC and RFID registration counters, will operate at the Tawi Riverfront. Registration counters will also function at Geeta Bhawan, Ram Mandir and Bhagwati Nagar, as in previous years,” he said.

He said the administration has created comprehensive facilities at the venue, including accommodation for around 4,000 pilgrims, more than 100 toilets and bathing units, round-the-clock community kitchens (langars), bedding, fans and other essential amenities.

“We have left no stone unturned in our preparations. Whether it is security arrangements or pilgrim facilities, every effort has been made to ensure a comfortable stay for devotees in Jammu,” Minhas said.

He appealed to the people of Jammu to extend their traditional Dogra hospitality, urging transport operators, traders, shopkeepers, and hoteliers to treat every pilgrim as a guest and refrain from overcharging.

“This is not the time for overcharging. If you encounter a lost pilgrim, please guide them to the right place. Even offering a glass of water reflects the generosity for which Jammu is known,” he added.

Minhas emphasised the administration’s desire for Jammu to be recognised as more than just a transit point for the pilgrimage.

“Jammu is the city of temples. We want pilgrims to spend time here, visit our markets, explore tourist and religious sites and experience our culture and cuisine. We will soon unveil a new initiative to encourage pilgrims to visit places such as Bahu fort, Ranbireshwar temple, Raghunath temple, Akhnoor fort and the retreat ceremony at Chakan da Bagh,” he said.

The deputy commissioner assured that normal life in the city would remain largely unaffected during the yatra, as no roads would be closed this year.

“In previous years, road closures caused inconvenience to both pilgrims and residents. This year, despite extensive arrangements, no roads will be closed, and normal movement in the city will continue,” he said.

Minhas stated that the Tawi riverfront would serve as the main facilitation centre for pilgrims and urged residents to direct visiting devotees to the venue. “Two entry points have been provided from the railway station side, including one from the Narwal side, with registration counters set up at both locations”.

Clarifying the token distribution process, he said that every pilgrim must collect the token in person, and only one token would be issued to each eligible pilgrim.

“Everyone, including family members, will have to stand in the queue individually. Children below 13 years and persons above 70 years are not eligible to undertake the pilgrimage, as per the prescribed norms,” he said.

Regarding complaints about fake tokens and registration scams, Minhas warned of strict action against anyone found deceiving pilgrims.

“Some unauthorised centres issue coupon cards for particular dates after collecting money from pilgrims. Strict action was taken against such operators in previous years, and the same will be done this year. Anyone, whether local or from outside Jammu and Kashmir, found indulging in such activities will face stringent action,” he added.

Greater Kashmir

Kulgam follows Ladakh, enforces single-use plastic ban

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Kulgam follows Ladakh, enforces single-use plastic ban

Srinagar, June 29: The Kulgam district administration on Monday stepped up enforcement of the ban on single-use plastic (SUP) items and polythene carry bags, ordering inspections, seizures and legal action against violators.

The move comes 10 days after the Ladakh administration imposed a similar ban on identified single-use plastic products across the Union Territory.

The directions were issued in a public notice by the Additional District Magistrate by order of the District Magistrate.

“The manufacture, stocking, sale, distribution, transportation and use of banned polythene carry bags and single-use plastic items are strictly prohibited within the district Kulgam,” the order said.

The ban applies to shopkeepers, vendors, wholesalers, retailers, government offices, institutions and the general public.

The administration said the indiscriminate use of single-use plastic “poses a serious threat to the environment, public health, water bodies, chokes our drainage system, disturbs wildlife and causes ecological imbalance.”

“The prohibition is backed by the Plastic Waste Management Rules, 2016 (as amended), the J&K Non-Biodegradable Material (Management, Handling and Disposal) Act, 2007, and subsequent government notifications. It also cited the Centre’s May 18 notification empowering district collectors to implement the Solid Waste Management Rules, 2026,” the order read.

Residents have been advised to use cloth, jute and paper bags and other eco-friendly alternatives.

“Any person or organization found violating the provisions of the ban shall be liable for action under the Plastic Waste Management Rules, 2016 (as amended) and the EPA, 1986 and other relevant laws in force,” the order said.

Block Development Officers (BDO’s) and Executive Officers (EO’s) of Municipal Committees have been directed to inspect shops and marketplaces, seize banned plastic items and recommend action under Section 5 of the Environment (Protection) Act.

They have also been asked to submit monthly compliance reports to the Deputy Commissioner’s office through the Additional District Development Commissioner.

Greater Kashmir

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