China world’s top gold consumer as sales cross 1,000 tonnes

BEIJING: China’s gold consumption crossed 1,000 tonnes for the first time ever in 2013, reinforcing its status as the world’s top consumer. China’s gold consumption touched 1,176.4 tonnes from 832.2 tonnes, a year-on-year increase of 41.4 percent, latest statistics released by China Gold Association showed. The statistics show although the gold output and consumption in […]

Kashmir student harassed at Haryana varsity

Hisar (Haryana): A student from Jammu and Kashmir was allegedly harassed by two of her classmates of Guru Jambeshwar University of Science and Technology, but the varsity Wednesday  maintained that the issue had been “amicably resolved”. The woman, a final year student of MSc Environment, had complained a few days ago that the two students […]

Wullar shrunk by 41.58 sq kms since 1911: Govt

Jammu: Asia’s second largest fresh water body has shrunk to 176 square kilometers from 217.58  square kilometers in 1911, the government said Wednesday . Minister for Forests and Environment, Main Altaf Ahmed informed the House that “area of lake as per toposheet of 1911 was 217.58 Sq Kms including 58.37 Sq Kms of associated marshes […]

Night temp continues to plummet

Srinagar: Amid likelihood of rainfall on February 14-15, cold wave intensified across Kashmir Valley and Ladakh division as mercury plummeted several notches below freezing point in most places with Kargil town recording the coldest temperature at minus 21.8 degrees Celsius. Srinagar, the summer capital, witnessed a drop of 2.5 degrees as the minimum temperature fell […]

‘3 held with hawala money, papers of militant outfit’

Jammu: Three persons have been arrested here allegedly along with Rs 1 lakh hawala money and documents of a militant group, police said . A joint team of Special Operation Group and police arrested Abdul Majeed and Noor Mohd Malik from the bus stand here, Jammu SSP Atul Goel told reporters here. Rs 1 lakh […]

ATMs soon to fork out cash without bank account too

MUMBAI: People without a bank account in India would soon be able to withdraw cash from an automated teller machine (ATM) with the use of mobile technology, Reserve Bank of India Governor Raghuram Rajan announced here Wednesday. At present, only bank account holders can withdraw cash from an ATM. “We have recently approved the in-principle […]

Retail inflation hits 2-year low of 8.79%

NEW DELHI: Retail inflation fell for the second consecutive month and eased to 24-month low of 8.79% in January mainly due to a drop in food prices.Inflation as measured by the Consumer Price Index (CPI) for December was 9.87% down from 11.16% in the previous month. Inflation in the food and beverages segment was 9.9% […]

Indian Railway service for Vaishno Devi pilgrims to start soon: Railway Minister

NEW DELHI: Indian Railway connectivity to Katra, the base camp of Vaishno Devi shrine, has been completed and passenger services will start shortly, Railway Minister Mallikarjun Kharge today said. Listing out the achievements of Railways during UPA-II, he said the opening of the Udhampur-Katra section under the ambitious Kashmir Rail project will enable lakhs of […]

Railways to borrow `13,800 cr in 2014-15

New Delhi: Indian Railways will borrow less at Rs 13,800 crore from market through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2014-15. In the current fiscal, as per the revised estimate, these two companies raised Rs 14,942 crore from markets. Indian Railways Finance Corporation (IRFC) will raise Rs 12,800 […]

Bold reforms, tariff authority proposed in interim Rail Budget

NEW DELHI: The interim Railway Budget for 2014-15 today contained reforms proposals for opening the sector to domestic and foreign investors and a tariff authority to rationalise fares and freights, end cross subsidisation and enlarge the dynamic fare scheme. The vote-on-account Budget, presented by Railway Minister Mallikarjun Kharge, do not contain any revision of fares […]