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 […]

India Inc gives thumbs up to rail budget

NEW Delhi: India Inc Wednesday said the government’s focus on modernisation and expansion of the country’s vast rail network without touching passenger fares and freight rates was a step in the right direction. Expressing happiness on no populist measures being incorporated in the budget, PHD Chamber of Commerce President Sharad Jaipuria said: “The focus was […]

Rail Tariff Authority for transparency in fare

NEW DELHI: Ushering in a new pricing regime through a transparent process, Railway Minister Mallikarjun Kharge Wednesday announced in the interim rail budget constitution of an independent Rail Tariff Authority (RTA) to advise the government on fixing of fares and freight. Describing the setting up of RTA as “a path breaking decision”, Kharge said, “Determination […]

No hard feelings over coaching snub: Waqar

KARACHI: Pakistani fast-bowling legend Waqar Younis insisted on Wednesday he had no hard feelings about being overlooked as national coach and threw his weight behind Moin Khan. The 42-year-old was shortlisted alongside Khan to replace Australian Dav Whatmore, whose contract ended last month, but the ex-wicketkeeper was given the nod by the Pakistan Cricket Board […]