CM’s irresoluteness means surrender before NHPC: KCCI

SRINAGAR: The Kashmir Chamber of Commerce and Industries (KCCI) has expressed its dismay and shocked over the chief minster’s statement with regard to transfer of power projects from NHPC to the state control and management. KCCI, in a statement Tuesday, said recovery of power projects the NHPC is holding at the cost of progress, prosperity […]

J&K opposes GoI move to privatise Srinagar Centaur Hotel

NEW DELHI: Senior leaders of Jammu and Kashmir Tuesday opposed the government of India’s move to privatise Srinagar Centaur Hotel and said the state government was ready to accept the responsibility to manage it. A delegation, including J&K Tourism Minister Ghulam Ahmed Mir and state Congress chief Saifuddin Soz, met Civil Aviation Minister Ajit Singh […]

DU team visits south Kashmir to train police in soft skills

SRINAGAR: The five-day soft skill development training program organized by J&K police in collaboration with University of Delhi concluded on Tuesday, a police spokesperson here said. Dr Pamela Singla project coordinator of the program visited the south Kashmir districts to supervise the ongoing sessions held in these districts. Speaking to the media Dr Singla said […]

15,139 tax defaulters owe Rs1,147 cr to J&K government

JAMMU: Jammu and Kashmir government Tuesday said 15,139 sales tax defaulters owe Rs 1,147 crores to the state government. In a written reply to the Cut Motion of PDP member Abdul Rehman Veeri in state Assembly today, Minister for Finance Abdul Rahim Rather said the total number of sales tax defaulters in Jammu and Kashmir […]

‘J&K not dependent on Delhi for financial needs’

‘J&K not dependent on Delhi for financial needs’

JAMMU: Dispelling the perception that Jammu and Kashmir is dependent on Centre to meet its financial needs, state Finance Minister Abdul Rahim Rather has  said whatever it receives from the Government of India is its right guaranteed under the Indian Constitution. He said grant-in-aid for the state is being decided by the Finance Commission under […]



NEW DELHI: Leaving direct taxes untouched except for continuing the income tax surcharge on ‘super-rich’ individuals and corporates, the Interim Budget Monday slashed excise duty on cars and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth. Presenting the Interim Budget for 2014-15 along with a vote-on-account for spending up to July, […]

Budget Highlights

Budget Highlights Finance Minister P.  Chidambaram cut indirect taxes on cars and mobile phones in an effort to revive growth in an interim budget presented to parliament on Monday for the fiscal year 2014/15. The government’s term ends in May and the measure was necessary to cover expenditure until a national election is completed and […]

‘A damp squib’; no major surprises: Market Experts

NEW DELHI: Stock market participants said that the Interim Budget for 2014-15 turned out to be a damp squib and did not provide any major surprises either way, positive or negative. “Being the interim budget nothing much was expected out of it. Reduction in excise duty is a welcome step, however not well thought through, […]

GoI raises funding under state Plans to Rs 3.38 lakh crore

NEW DELHI: Finance Minister P Chidambaram has provided Rs 3,38,562 crore for 2014-15 under the states Plans, which is higher than revised estimates of Rs 1,19,039 crore for the current fiscal. In the Plan Budget, an additional central assistance is given under state Plans for implementation of centrally sponsored schemes (CSSs) like mid-day meal scheme […]

GoI raises agri credit target to Rs 8 lakh crore for 2014-15

NEW DELHI: In a bonanza for farmers ahead of general elections, the government of India Monday said it has set an agriculture credit target of Rs 8 lakh crore for 2014-15 as against an expected level of Rs 7.35 lakh crore this fiscal. Presenting the interim budget for the next fiscal, Finance Minister P Chidambaram […]