GoI approves new crop insurance scheme

NEW DELHI : The government on Wednesday approved a crop insurance scheme that would replace the existing ones to ensure that farmers pay less premium and get early claims for the full sum insured. A decision on the much awaited scheme was taken at the Cabinet meeting, headed by Prime Minister Narendra Modi. “The cabinet […]

DDC Shopian inspects upcoming Fruit Mandi and Industrial Estate at Aglar

SHOPIAN: District Development Commissioner Shopian,  G. M. Dar on Wednesday visited the new Fruit Mandi and upcoming Industrial Estate at Aglar. He was also accompanied by officials of Horticulture Planning and Marketing, Flood Control Department, Irrigation Department, SICOP, Revenue and Industries Departments. A delegation of Fruit growers led by Peer Mohammad Amin was also part […]

State’s excise collection up 15% touches Rs 867.32 cr upto Dec ’15

State’s excise collection up 15% touches Rs 867.32 cr upto Dec ’15

JAMMU: Excise collection in the state has gone up by 15 percent during the past year with the State Excise Department collecting Rs. 867.32 crore till December last year, 118.88 crore more than collections during the same time period earlier. This was disclosed during a review meeting held on Tuesday by Excise Commissioner Tsering Angchuk […]

‘J-K Budget Session won’t commence from Jan 18’

‘J-K Budget Session won’t commence from Jan 18’

JAMMU:  Jammu and Kashmir Assembly Speaker Kavinder Gupta has said that the Budget Session called by the previous government stands cancelled as of now, and added that a decision in this regard would be made only after discussion with the new Chief Minister. “I don’t think Budget Session will commence on schedule. Any decision on […]

SBI to monetise non-core assets, list few units over 3 years

SBI to monetise non-core assets, list few units over 3 years

New Delhi: SBI on Tuesday said it is planning to monetise non-core assets and list some of its subsidiaries for meeting capital needs as well as global risk norms, Basel III, which will kick in from March 2019. Public sector banks need Rs 1.80 lakh crore to meeSBI to monetise non-core assets, list few units […]

Dec retail inflation inches up to 5.61 pc

Dec retail inflation inches up to 5.61 pc

NEW DELHI: Rising for the fifth straight month, retail inflation or CPI quickened to 5.61 per cent in December, mainly on costlier vegetables and cereals, limiting the headroom for the Reserve Bank to lower rate next month. Food inflation too rose to 6.40 per cent during the month, government data released on Tuesday showed. Retail […]

GoI eases application, settlement of LTC claims

New Delhi: The government has eased LTC rules to remove bottlenecks and simplify the procedure of application and make processing of LTC claims time bound. This will come as a great new year news for central government employees who have on many occassions faced procedural difficulties in application and settlement of Leave Travel Concession (LTC)  […]

Ensure rich and powerful wrongdoers are not spared: Rajan to staff

MUMBAI: As RBI chides banks to act tough on bad debts, Governor Raghuram Rajan has asked his colleagues to ensure that the central bank is not seen as mere “paper tiger” and even rich and powerful wrong-doers are not spared. He also wondered whether there was a need to be “more intolerant of sloppy practices […]

‘RCom asked to pay Rs 5,600 cr for ‘Spectrum Liberalisation’’

New Delhi: The Department of Telecom (DoT) has sought about Rs 5,600 crore from Reliance Communications (RCom) for liberalising 800 Mhz spectrum in 16 circles. According to sources, the DoT had issued a notice on December 22 and asked RCom to pay within a month. RCom had applied for liberalising its 800 MHz spectrum in […]

GoI to spend Rs 11K Crore on road infra to check accidents

GoI to spend Rs 11K Crore on road infra to check accidents

NEW DELHI:  Concerned over alarmingly high number of road accidents in the country, New Delhi Transport Minister Nitin Gadkari on Monday said the government will spend Rs. 11,000 crore over the next five years to improve the road infrastructure. Stating that road accidents cause an annual loss of around Rs. 60,000 crore, or 3 per […]