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 […]

High inflation threat to growth: FM

NEW DELHI: High inflation poses a big threat to growth as it would impair the ability of the Reserve Bank to cut interest rates to boost economic activities, a Finance Ministry document said. “The outlook on growth is…Threatened by certain downside risks; the biggest of them being the high rate of inflation, which further dents […]

Govt writes off more than Rs 2000 cr PSE debt

JAMMU: Finance Minister Abdul Rahim Rather Thursday announced that government will write off all the debt of the state owned public sector enterprises to provide them chance for revival. “To bring in improvements in the performance of our debt ridden PSEs who survive on budgetary support from government having no capacity to re-pay such liabilities […]

Banks asked not to display names of education loan defaulters

CHANDIGARH: Banks in Punjab were Thursday asked not to display names and photographs of education loan defaulters. Quoting a communication of Department of Financial Services, Ministry of Finance, bank official in a State Level Bankers Committee (SLBC) meeting said that some banks were adopting “reprehensible practices” such as displaying names and photographs of students who […]

J&K Budget 2014-15 today

J&K Budget 2014-15 today

JAMMU: To present the annual budget today, Finance Minister Abdul Rahim Rather Wednesday gave final touches to    Finance Minister Abdul Rahim Rather Wednesday finalised the Budget 2014-15 at Civil Secretariat, here. This will be 6th in a row Rather will be presenting 6th budget . This is the 6th budget in a row Rather is […]

ACB files FIR in Reliance issue; names Moily, Ambani, Deora

NEW DELHI: Petroleum Minister Veerappa Moily, RIL Chief Mukesh Ambani, former Union Minister Murli Deora and retired Director General of Hydrocarbons VK Sibal were Wednesday named in an FIR by Anti-Corruption Branch of Delhi Government in the Reliance gas issue. The FIR by the ACB was registered a day after Chief Minister Arvind Kejriwal said […]

Gold falls from 3-month high on stocks as advance curbs demand

LONDON: Gold today declined from the highest price since November as rising equities cut demand for a haven and on speculation the metal’s advance will deter physical purchases. Gold fell by 0.4 per cent to $1,285.97 an ounce. It reached $1,293.93 yesterday, the highest since November 14. Silver also fell 0.4 per cent to 20.14 […]