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% […]

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 […]

‘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 […]

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 […]

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 […]

ACB files FIR in Reliance issue; names Moily, Ambani, Deora

NEW DELHI: Petroleum Minister Veerappa Moily, RIL Chief Mukesh Ambani, former Union Minister Murli Deora and retired Director General of Hydrocarbons VK Sibal were Wednesday named in an FIR by Anti-Corruption Branch of Delhi Government in the Reliance gas issue. The FIR by the ACB was registered a day after Chief Minister Arvind Kejriwal said […]

Gold falls from 3-month high on stocks as advance curbs demand

LONDON: Gold today declined from the highest price since November as rising equities cut demand for a haven and on speculation the metal’s advance will deter physical purchases. Gold fell by 0.4 per cent to $1,285.97 an ounce. It reached $1,293.93 yesterday, the highest since November 14. Silver also fell 0.4 per cent to 20.14 […]

Pathribal: Force Dictates the Course of Justice

BY CHRISTINE MEHTA Abdul Rasheed is the son of Juma Khan, one of the five Kashmiri villagers killed in the infamous fake encounter at Pathribal in 2000. Beside him sits Shakoor Khan, also the son of one of the victims. “The night they took my father, I was sleeping upstairs. I remember hearing the Army […]

The Jama’at-Geelani Property Row: Confusion or Confrontation? – (II)

BY MUDASIR WANI Two points become clear from the foregoing discussion: that there is a strong connection between Geelani Sahib and the Jama’at in the sense of he having being one of its most prominent members and leaders, and having contested and won elections on its ticket. And, that the Jama’at owns considerable property, which […]

From the Ruins – (II)

BY SAROOP IJAZ To celebrate the culture of Sindh through a festival named the Sindh Festival does not create any provincial divisions; on the contrary, it seems to be the only way that a sustainable national identity can be formed. They would rather have a ‘Pakistan Festival’. Perfectly reasonable, however, identities do not start from the […]