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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]