Business chambers urge Guv to promote fresh investment in state

Jammu: A joint delegation of Federation of Industries, Jammu (FOIJ) and Federation Chamber of Industries Kashmir (FCIK), on Saturday urged governor N N Vohra to take measures for promoting fresh investment in the state. The meeting took place at civil secretariat here. The delegation discussed with governor various issues regarding the development of the industrial […]

Kashmir-based goods transporters accuse Punjab govt of harassement

Srinagar: Kashmir-based goods transport companies on Saturday accused the Punjab government of harassment. Addressing a press conference here, president J&K Goods Transport Companies Association, Muhammad Sadiq Ronga, said the Punjab Sales Tax department at Madhupore check-post levy “unwarranted hefty penalties” on the Kashmir-bound goods vehicles coming from Delhi. “New ways and means are being devised […]

AirAsia chief raises questions over 5/20 norm

New Delhi: The war of words over 5/20 norm continued with AirAsia chief Tony Fernandes on Saturday taking a dig at promoters of Indian airlines asking whether all of them live in India, in an obvious reference to Jet Airways Chairman Naresh Goyal, an NRI living in the UK. Goyal’s airline along with three budget […]

Government needs to reduce subsidised cylinders to 10

Government needs to reduce subsidised cylinders to 10

New Delhi: Advocating rationalising LPG subsidy, the pre-Budget Economic Survey has called for cutting supply of below-market priced cooking gas to 10 cylinders per household in a year from 12 bottles, at present. At present, all households are entitled to get 12 cylinders of LPG or liquefied petroleum gas, each with 14.2kg, at a subsidised […]

J&K Bank opens business unit, organises camps

J&K Bank opens business unit, organises camps

Srinagar: J&K Bank commissioned one branch at Ahmad Nagar, Srinagar, on Friday taking the total number of its business units to 836. The bank’s vice-president and Zonal Head Abdul Rashid Shegan inaugurated the business unit in presence of Cluster Head (II) Altaf Mehboob Gani, valuable customers, representatives of trader’s bodies and senior citizens of the […]

Sensex retakes 23k on Eco Survey, Budget hopes; up 178 pts

Mumbai: The benchmark Sensex on Friday broke its three days of losing spell by gaining over 178 points after the Economic Survey which came days before the Union Budget projected the economy to grow at 7-7.75 per cent in 2016-17. In the process, the index regained the psychological 23,000-mark. For the week, the Sensex declined […]

Freedom 251’ smartphone scheme a fraud: Cong MP

New Delhi: Alleging that ‘Freedom 251’ smartphone scheme was a “fraud”, Congress MP Pramod Tiwari in Rajya Sabha on Friday strongly objected to the presence of BJP leaders at the launch of the scheme to sell smartphones at a price of Rs 251 and sought a reply from the government. “I am making a definite […]

JK sells Paddar sapphire collection for Rs 98 lakh

JK sells Paddar sapphire collection for Rs 98 lakh

SRINAGAR: Jammu and Kashmir auctioned its collection of Rough Sapphire Corundum (RSC) for a total of Rs 98 lakh. Jammu and Kashmir Minerals Limited, a J&K Government Undertaking, conducted an auction of RSC at Jawaharlal Nehru Udhyog Bhawan Rail Head Complex, Jammu. During the auction, as many as 67 different lots of corundum sapphire were […]