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No clarity on converting J&K Bank into PSU: RTI Movement.

Jammu & Kashmir RTI Movement has expressed its dissatisfaction over the Governments silence on its decision to convert J&K Bank into a Public Sector Undertaking (PSU).

In a statement here chairman of RTI Movement Dr Raja Muzaffar Bhat said that till date no formal orders have been issued in this regard and that is adding to the confusion among people. People are not able to understand what kind of PSU will J&K Bank be ? Will it be like a state PSU or the one like central banks that already are PSUs under Govt of India ?” he asked.

“Bringing J&K Bank under RTI’s ambit is a very wise decision and we hope that J&K Bank authorities will act as public authority within the meaning of said law and provide information to the public under the act by designating Public Information Officers (PIOs). The Government should issue a formal order in this regard,” he added.

“Political parties like PDP and National Conference (NC) should clear their stand on applicability of RTI in J&K Bank. Both these parties are protesting on SAC’s decision but they have not thrown light over the issues they are protesting against ? Both NC and PDP haven’t been able to explain the negative effects of these decisions?” he added.

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