Axis Bank opens branch in Parimpora

SRINGAR: Axis Bank, a private sector bank, inaugurated its 23rd branch in Jammu and Kashmir on Wednesday at  Fruit Mandi, Parimpora here, a company spokesperson said. The branch was inaugurated by Town President, Ashraf Bhat and the ATM was inaugurated by president Fruit Growers Association, Hilal Mandu. On the occasion senior officials of the bank […]

Aircel launches integrated talktime, internet recharge schemes

SRINAGAR: Aircel, mobile and internet service provider, Wedenday announced ‘Happy Recharge’ scheme, offering package of talktime and internet usage time bundled into a single recharge. “The range of Happy Recharges has been designed keeping in consideration holistic communication requirements of telecom users across usage and purchase segments,” a company spokesperson said. “The packs are economically […]

Budgam achieves 64% credit target during current fiscal

BUDGAM: District Development Commissioner, Budgam, Khurshid Ahmed Shah convened a meeting to review the achievements of banks viz disbursement to district credit plan till December 2013, an official spokesperson said. The banks in the district have disbursed an amount of Rs 249.17 crores out of the target of Rs 384.01 crores thus achieving 64.89 percent […]

Agro Industries forays into pesticide sales

SRINAGAR: Foraying into pesticides sales, J&K Agro Industries Development Corporation Limited for the first time has decided to provide potash-based fish oil to the fruit growers of the Valley, an official spokesperson said. The decision has been taken to provide quality potash based fish oil to the fruit growers at their doorsteps on reasonable rates, […]

India most difficult country to do business: Study

NEW DELHI: India has emerged as the most difficult country to do business, followed by Indonesia and the Philippines, says a study by marketing firm SPAG Asia. Thailand and Malaysia have emerged as the easiest for foreign investors. “As the second term of the Congress-led coalition government comes to an end in India, its record […]

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 […]