IIP contracts 8% in August; retail inflation in September rises to 7.34%

New Delhi: Stung by coronavirus pandemic, the industrial production contracted by 8 per cent in August, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Monday. According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 8.6 per cent, while the output […]

Cultivation of Lemon grass becomes new profitable venture for Reasi farmers

REASI: The cultivation of Lemon grass has become a new profitable venture for the farmers of Reasi district as the oil extracted from it has huge demand in the market. The commercial cultivation of the lemon grass is also helping the farmers of Katra area to prevent the losses caused by monkeys, which has become […]

Texesy Technologies startes operations in Srinagar

SRINAGAR: Texesy Technologies Private Limited opened a new branch in Srinagar on Monday during an impressive function.The inaugural function was held at Sonwar Srinagar. Zonal Head JK Bank, Syed Rayees Maqbool was Chief guest while as Yugal Kumar SSP CID Tec, JK Police was guest of honour on the occasion. “Today’s Texesy unit was inaugurated, […]

FM announces LTC cash voucher scheme to stimulate consumer spending

NEW DElHI: Finance Minister Nirmala Sitaraman on Monday announced leave travel concession (LTC) cash voucher scheme to stimulate consumer spending. “Indications are that savings of government and organized sector employees have increased. So, we want to incentivize such people to boost demand for the benefit of the less fortunate,” FM said. Under LTC cash voucher […]

Gold rises Rs 240, silver jumps Rs 786

New Delhi: Gold prices rose by Rs 240 to Rs 52,073 per 10 gram on Monday amid rupee depreciation, according to HDFC Securities. The precious metal had closed at Rs 51,833 per 10 gram in the previous trade. Silver prices also jumped Rs 786 to Rs 64,927 per kilogram from Rs 64,141 per kilogram in […]

Rs. 25k fine slapped for selling underweight, under sized bricks: LMD Budgam

BUDGAM: Legal Metrology Department (LMD) Budgam today slapped a fine of Rs. 25,000 on M/s Shalimar Brick kiln, Nasrullapora Budgam for selling undersized and under-weight bricks. The officials of LMD also seized a brick lot from the offender found selling undersize and under-weight bricks in clear violation of the order passed by the Deputy Commissioner […]

Around 6 lakh truckers in Bengal go on 72-hour strike, goods supply likely to be hit

Kolkata: Supply of essential commodities in West Bengal is likely to be disrupted as around six lakh truckers went on a 72-hour strike from Monday, demanding immediate implementation of revised carrying capacity for goods vehicles among others. Federation of West Bengal Truck Operators’ Association president Subhas Bose said the strike has been called mainly to […]

India set to achieve self reliance in Supercomputing with manufacturing critical components in India

New Delhi: A Memorandum of Understanding (MoUs) was signed in presence of Shri Sanjay Dhotre, Union Minister of State for E&IT, Education and Communications between Dr HemantDarbari, Director General, C-DAC and Director of National Supercomputing Mission (NSM) Host Institutes for establishing *in India* Supercomputing Infrastructure with Assemply and Manufacturing *of * Critical Components at IISC […]

RBI defers, again, appointment of Zubair Iqbal as JK Bank’s Managing Director

RBI defers, again, appointment of Zubair Iqbal as JK Bank’s Managing Director

Acclaimed banker who quit as HDFC’s VP six months ago sits idle while JK Bank sinks under RK Chibber Srinagar: The Reserve Bank of India (RBI) has once again deferred approval for the appointment of JK Bank’s Managing Director, though five months have passed since the candidate for it was selected. The RBI is strangely […]

Last assessment of ‘land under saffron cultivation’ a decade ago, while encroachments continue

Last assessment of ‘land under saffron cultivation’ a decade ago, while encroachments continue

Anantnag: Since the inception of the National Saffron Mission (NSM) in 2010 there has been no further assessment of land under saffron cultivation in Kashmir valley, making the authorities rely on the decade-old data. Insiders in the Agriculture department of Kashmir acknowledge that the government has no idea of how much land, previously under saffron […]