ICC welcomes BCCI’s decision to stage IPL matches in UAE

DUBAI: CC chief executive David Richardson on Wednesday welcomed the decision of the Board of Control for Cricket in India (BCCI) to stage the seventh edition of the Indian Premier League matches in the United Arab Emirates. “The BCCI’s decision to stage the first part of the IPL 2014 season in the UAE is great […]

Schools to reopen on March 17

SRINAGAR: According to Director, School Education Kashmir, all the schools from primary to higher secondary level (both government and recognized private schools) shall remain closed till March 15 in view of heavy snowfall in Kashmir Valley. Violation in this regard shall be reviewed seriously, the Director said in a handout here Wednesday. Meanwhile, a spokesperson […]

School partially gutted in fire

Srinagar: A government school was  partially gutted in a fire incident in north Kashmir’s  Baramulla district, police said Tuesday. A middle school building was damaged in a fire incident at Dungdoora village of Kreeriarea of Baramulla district last night, a police  spokesman said. He said the cause of the fire was not known yet. KR […]

Re ends 28 paise lower against dollar

MUMBAI: The rupee on Wednesday lost 28 paise to close at 61.22 against the dollar due to sustained dollar demand from importers, ahead of release of key economic data later in the day. Renewed capital inflows, stable equities and weak dollar overseas failed to stem the rupee fall, a forex dealer said.  At the Interbank […]

J&K sinks in liabilities, reveals CAG report

SRINAGAR: The overall fiscal liabilities of Jammu and Kashmir has increased by 11 per cent from Rs 36,267 crore (March 2012) to Rs 40,265 crore (March 2013), according to the Comptroller and Auditor General’ report. It said that at the end of 2012-13, the accumulated liabilities were 1.54 times of the government’s revenue receipts during […]

Air India too joins price war, offers steep discounts on all routes

MUMBAI: A day after its rivals SpiceJetBSE 3.32 % and IndiGo launched an aggressive price war offering massive discounts on 60-90 days advance bookings, Air India Wednesday kicked off festival sales with deep rebates on bookings in the same period. While Air India did not confirm the development, travel agents and ticketing portals said the […]

Feb retail inflation slows to 25-month low of 8.1%

NEW DELHI: Easing onion and potato prices pulled retail inflation in February to a 25-month low of 8.1 percent and is likely to increase the clamour for the Reserve Bank to cut interest rates in its next monetary policy. Overall inflation in the food basket, including beverages, slowed to 8.57 percent in February from 9.9 […]

LS POLLS: NC announces campaigners list for Jammu

Srinagar: Ruling National Conference  Wednesday announced the members of its campaign committee and district party observers for Lok Sabha Parliamentary elections 2014 for Jammu province. While Ajay Kumar Sadhotra will head the compagining for Rajouri – Poonch and Doda, Ramban and Kishtwar, Surjeet S Slathia will lead the party campaign for Jammu – Samba, Kathua, […]

Pak rupee continues to rise against dollar

KARACHI: The Pakistani rupee continued to appreciate against the US dollar in the open currency market as well as in the interbank trading Wednesday. Currently, the interbank trading rate of the currency is 98.30 per US dollar. The strong gains by the Pakistani rupee have led to talk in the money market that the dollar […]

Factory output enters positive zone after three months

NEW DELHI:   Showing a ray of hope, industrial output entered positive territory and recorded a 0.1 per cent growth in January after contracting for three months in a row. The marginal improvement in the index of industrial production (IIP) was mainly on account of higher power generation and mining sector output, while manufacturing declined. However, […]