Bad loans biggest challenge facing public sector banks: Chidambaram

NEW DELHI: Concerned over rising non- performing assets, Finance Minister P Chidambaram on Wednesday asked public sector banks to focus on recovery of bad loans, which happen to be high among large corporate accounts. Addressing a press conference after reviewing performance of PSU banks, he also said that credit disbursal to medium- sized industry has […]

Gold extends fall on stockists’ selling

NEW DELHI: Gold prices slipped further Wednesday due to sustained selling by stockists and speculators. Lack of buying interest from retail consumers and investors due to sluggish global market conditions primarily kept pressure on gold prices, a trader said. Silver gained marginally on stray demand from industrial users. Meanwhile, Union Finance Minister P Chidambaram said […]

NABARD holds workshop on agri business schemes in Shopian

SHOPIAN: National Bank for Agriculture and Rural Development (NABARD) conducted a workshop on Agri-Clinics and Agri-Business Centres (ACABC) scheme here on Wednesday, an official spokesperson said. Programme Co-ordinator, Krishi Vigyan Kendra (KVK), Balpora, Shopian, Rekhy Singh was chief guest on the occasion. Others present were DDM, NABARD Shopian Dr Nisar Ahmad, Principal Boys Higher Secondary […]

94 self-employment cases under PMEGP recommended in Bandipora

BANDIPORA: As many as 94 cases under Prime Minister’s Employment Generation Programme (PMEGP) have been recommended with a cost of Rs 7.41 crore by the District Industries Centre, Bandipora during current financial year, an official spokesperson said on Wednesday. He said, these cases involve margin money of Rs 2.59 crore. So far 12 units stand […]

Govt admits shortfall in food grains

JAMMU: Government Tuesday said the state government is distributing food grains to 19.72 lakh families of the State as per the census of 2001, which results in marginal short-fall with respect to APL category to the extent of 5,950 MT per month. Replying to a question by N C member Aijaz Ahmad Jan, Minister of […]

Rather lays CAG report in Assembly

JAMMU: Finance Minister Abdul Rahim Rather Tuesday laid several Reports on the table of the Legislative Assembly. The Reports included CAG’s Audit Report on the State Finances for the year ended March 31, 2013, CAG’s Audit Report on Revenue Sector and Public sector Undertakings (Social, General, economic Sectors) for the year ended 31st March, 2013 […]

Allow transit trade of Kashmir origin goods to Middle East: JKJCCI to Pakistan

SRINAGAR: A delegation of Kashmiri traders who on invitation of Pakistan Embassy has held a meeting with visiting Pakistani delegation to discuss the latest issues related the cross-LoC trade. A meeting was held at Pakistan Embassy between the members of the Joint Chamber (JKJCCI) including its president Dr Mubeen Shah, Yasin Khan (KTMF), Ashraf Mir […]

‘13 lakh tourists visited J&K in 2013’

JAMMU: Over 1.23 crore pilgrims and over 13 lakh tourists visited Jammu and Kashmir last year, the Legislative Council was informed Tuesday. The pilgrims visited Vaishno Devi, Shiv Khori and Sharda Sharief, among other places, in Jammu region in 2013, Tourism Minister Gulam Ahmed Mir said. He said 142.63 lakh pilgrim tourists had visited Jammu […]

Rather asks for assessing impact of GST regime on local industries

JAMMU: Asking trade and industry to get ready for Goods and Service Tax (GST), a new tax regime being implemented all over India in near future, the Minister for Finance and Ladakh Affairs, Abdul Rahim Rather Tuesday enjoined upon all the stakeholders to examine the future impact of GST on the local industry so as […]

Govt committed to promote entrepreneurship: Minister

JAMMU: Maintaining that the government is committed to provide training in various skills to the youth of Jammu and Kashmir so that they can setup their own entrepreneurial units, the MoS Technical Education, Vikar Rasool has said that the same would go a long way in addressing the unemployment problem. The minister, according to an […]