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 […]

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 […]

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 […]

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 […]

Planning Deptt releases Rs 19900 crore in 3 years

JAMMU: Minister for Planning and Development, Ajay Sadhotra informed the House Wednesday that Planning and Development Department has released an amount of Rs 19,900 crore during last three financial years under different sectors in the State. Replying to a question by Mohammad Sharief Niaz, the minister said that an amount of Rs 6000 crore was […]

Rail Tariff Authority for transparency in fare

NEW DELHI: Ushering in a new pricing regime through a transparent process, Railway Minister Mallikarjun Kharge Wednesday announced in the interim rail budget constitution of an independent Rail Tariff Authority (RTA) to advise the government on fixing of fares and freight. Describing the setting up of RTA as “a path breaking decision”, Kharge said, “Determination […]

Women’s Corporation loan disbursement crosses Rs 80 cr mark

Jammu: The J&K State Women Development Corporation Wednesday crossed Rs 80 crore loan disbursements with Minister for Social Welfare, Sakina Itoo giving away cheques worth Rs 86 lakh to loanees during a awareness camp cum loan mela held at Kalyanpora, Zhiri, here, according to an official statement. This initiative of the Corporation has enabled more […]

India Inc gives thumbs up to rail budget

NEW Delhi: India Inc Wednesday said the government’s focus on modernisation and expansion of the country’s vast rail network without touching passenger fares and freight rates was a step in the right direction. Expressing happiness on no populist measures being incorporated in the budget, PHD Chamber of Commerce President Sharad Jaipuria said: “The focus was […]

No ration cards for new families: Government

Jammu: Jammu and Kashmir government Wednesday said that no ration cards will be issued to new families, as government of India is providing food grains on the basis of projected population of year 2000 while the population has increased much more since then. While replying to a question in the House, The Consumer and Public […]

Bold reforms, tariff authority proposed in interim Rail Budget

NEW DELHI: The interim Railway Budget for 2014-15 today contained reforms proposals for opening the sector to domestic and foreign investors and a tariff authority to rationalise fares and freights, end cross subsidisation and enlarge the dynamic fare scheme. The vote-on-account Budget, presented by Railway Minister Mallikarjun Kharge, do not contain any revision of fares […]