Economic growth to cross 5% this financial year: PM

NEW DELHI: Pinning hopes on the good monsoon and recent reforms, Prime Minister Manmohan Singh today said economic growth will cross 5 per cent in the current financial year and accelerate further in the coming years. Addressing the Governors’ Conference here, Singh said the Indian economy, after many years of rapid growth, has slowed down […]

Entrepreneurship training in Bandipora concludes

BANDIPORA: A 15-days training course organized by Entrepreneurship Development Institute (EDI) concluded at Rural Self Employment Training Institute (RSETI), Bandipora. As many as 60 candidates were imparted the necessary training of dairy farming, sheep rearing, tour and travel management, readymade garments and other skills under SKEWPY, an official statement Friday said. The aim of the […]

STP Issue

SRINAGAR: Expressing their resentment over the statement by Minister for Urban Development Nawang Rigzin Jora wherein he had stated that hotels having more than 19 rooms needed to install their own STPs, the Valley hoteliers said the information given in the legislative assembly contradicts the government’s own decision to construct STPs in Srinagar and Jammu […]

Wholesale inflation cools to 7-month low of 5.05%

NEW DELHI: Wholesale inflation eased to a seven-month low of 5.05 per cent in January, on decline in the rate of price rise in food articles, mainly vegetables. This is the second straight month of decline in wholesale price based inflation. The WPI was at 6.16 per cent in December. During January, inflation in food […]

In election year, coalition govt extends concessions, announces welfare measures

In election year, coalition govt extends concessions, announces welfare measures

JAMMU: With an eye on coming elections, the Jammu and Kashmir government in budget 2014-15 announced various incentives to the industry and unveiled a slew of social welfare schemes. Presenting the Rs 43,543-crore budget in the Assembly, Finance Minister Abdul Rahim Rather also announced an insurance scheme for panchayat members and the regularisation of Rehbar-e-Zirat […]

Incentives and concessions

Insurance Scheme for Sarpanchs and Panches in place at premium of Rs 63.44  lakh. 20 crore provision for creation of additional 1000 Anganwadi Centers  in a phased manner. 25 crore for regularisation of Rehbar-e-Zirat. Provision of  3 crore for marriage of orphan girls belonging to a BPL family. Beti Anmol benefit to be increased from […]

J&K witnesses 33% increase in tax revenue due to reforms: Rather

J&K witnesses 33% increase in tax revenue due to reforms: Rather

JAMMU: Saying that tax revenue in the state has witnessed 33 percent increase during the span of last five years of the present coalition government, the Finance Minister Abdul Rahim Rather Thursday claimed that tax revenue which was just Rs 2600 crore in 2009 is expected to increase to Rs 7500 crore during the 2014-15 […]

Reorganisation of Com Tax Deptt on anvil

JAMMU: Commercial Taxes Department is to witness reorganization to enable it to cover new districts and overloaded areas by independent assessment circles, Finance Minister Abdul Rahim Rather said Thursday. The proposed reorganization may also enable us to keep Lakhanpur Check Post open for import of taxable goods almost on a round the clock basis. The […]

Budget HIGHLIGHTS

Annual project Plan size : Rs 11300 crore. Rs 47.50 crore for clearing statutory liabilities of corporations during next year. Grant-in-aid (financial devolution) in respect of Local Bodies to go up from Rs 306 crore to Rs 383 crore . Super Specialty Hospital, Jammu commissioned. Rs 2.8 crore has been provisioned for  current year and […]

Budget reflecting right policies of govt: FM

JAMMU: Finance Minister Abdul Rahim Rather Thursday said budget is reflecting policies and programs of the coalition government, aims to give right direction to the state’s economic growth and development within the available resources. In his 115 minutes long Budget speech, Rather said that despite limited financial resources and multiple problems confronting the state, every […]