EU hopes to free borders of virus restrictions by end June

Brussels: Europe could have its free travel zone up and running again by the end of the month, but travellers from further afield will not be allowed in before July, European Union Home Affairs Commissioner Ylva Johansson said Friday after talks among the bloc’s interior ministers. Panicked by the coronavirus outbreak in Italy in February, […]

Chhattisgarh consumers to get compensation for power cuts

Raipur: People will be entitled for compensation if they are made to face prolonged power cuts in Chhattisgarh, the state electricity regulator said on Friday. The Chhattisgarh State Electricity Regulatory Commission (CSERC) has enacted new rules in a bid to ensure interruption-free power supply to consumers and for the first time included the provision of […]

SBI records historic net profit in FY20 on stake sale in subsidiaries; Q4 net jumps over 4-fold

New Delhi/Mumbai: State Bank of India on Friday posted over four-fold jump in standalone net profit at Rs 3,581 crore for March quarter, 2019-20 mainly on account of stake sale in its credit card subsidiary and fall in bad loans. The country’s largest lender clocked a net profit of Rs 838.44 crore in January-March period […]

Electricity bills will double in J&K if discoms privatised

Electricity bills will double in J&K if discoms privatised

Srinagar: The Government of India (GoI) has begun the process of privatising power distribution in Jammu and Kashmir, a move aimed at reducing the government’s spending but which will make electricity twice as costly for the consumer. Two chief engineers of the J&K power department, who have served for two decades in various capacities, told […]

Amazon in talks to buy 5% stake worth $2 billion in Bharti Airtel: Report

NEW DELHI: Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India’s digital economy for U.S. tech giants. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake […]

Trades, transports for immediate restoration of economic activities

SRINAGAR: Several delegations related to trade, tourism, transport and other allied sectors today met the Advisor to Lt. Governor, Baseer Ahmad Khan here today. The delegations briefed the Advisor about the problems faced by different sectors like trade, tourism, transport etc due to prevailing situation arising in view of pandemic COVID-19. A delegation of Kashmir […]

JK government has failed to address farmers, orchardists distress: NC

Srinagar: Jammu and Kashmir National Conference on Thursday expressed concern over the wide spread damage to standing crops in south Kashmir areas following massive hailstorm and gusty winds saying the government has failed to provide relief to farmers. Party Spokesperson Imran Nabi Dar while expressing concern over the plight of orchardists and farmers in wake […]

To tackle locusts attack, CAO holds meeting with officers

Baramulla: Chief Agriculture Officer (CAO) Baramulla Mohammad Yousuf Shah held a meeting with his subordinate officers at Baramulla on Thursday where they discussed probable invasion of locusts attack in Baramulla. Several Tehsil and district level officers attend the meeting inwhich CAO called upon officers to create awarness among the people across the district regarding locusts […]

Samoon reviews Education Investment Policy 2020

SRINAGAR: Principal Secretary, School Education, Dr Asgar Samoon today chaired a meeting here to discuss the implementation of Jammu and Kashmir Education Investment Policy 2020. The meeting was attended by representatives from the universities, Education department, private stakeholders and other officers. During the meeting, the Principal Secretary directed the authorities and other stakeholders to explore […]

Masoodi seeks bailout, revival package for Kashmir businesses, traders

Srinagar: Jammu and Kashmir Conference on Thursday said the government has failed to provide succor to businesses in Kashmir which are suffering from liquidity crunch to keep their bank accounts standard saying the traders and businessmen in Kashmir are facing losses for ten months and that without any prompt support from government, it would be […]