Employ locals in rail, power projects: J&K govt to implementing companies

Jammu: Minister for Planning, Labour and Employment, Ajay Sadhotra has asked the authorities of the companies executing Rail, Road and Power Projects in the State to evolve a system to benefit the families affected during project implementation besides engaging maximum locals in  skilled and unskilled jobs. This was stated by the minister while taking stock […]

SBI lowers retail deposit rates by up to 0.50%

NEW DELHI: State Bank of India, the country’s largest lender, has cut deposit rates by up to 0.50 per cent starting February 18. While deposit rates for maturities of three to five years have been lowered by 0.25 per cent, those for five years and above have been cut by 0.50 per cent, SBI said […]

Unattinainble budget projections

By AIJAZ LONE The Omer Abdullah lead J&K government seemed to be in much hurry to present the state budget for financial year 2014-15. Being the last budget of NC-Congress lead collation government, preparations were more glowing than financial realities of the state. The state economy in the past has faced challenges with regard to […]

Horticulture awareness camp held at Anantnag

Anantnag: Directorate of Horticulture in collaboration with chief horticulture officer Anantnag Saturday conducted one day awareness camp for fruit growers of the district here. The camp was chaired by Deputy Director Horticulture Planning. The experts from Krishi Vigyan Kendra Dooru, SKUAST and Horticulture department made the growers aware about the pre and post harvest management […]

Gold and silver value surges for the third day

NEW DELHI: Gold and silver prices extended gains for the third straight day here Saturday on sustained buying by stockists for the wedding season and a firming global trend. While gold inched up by Rs 5 to Rs 30,985 per 10 grams, silver spurted by Rs 1,000 to Rs 47,000 per kg. Traders said sustained […]

NABARD organizes financial literacy workshop in Budgam

BUDGAM: National Bank for Agriculture & Rural Development (NABARD) organised a Financial Literacy Workshop at ITI here on Saturday. The workshop was attended by young trainees of ITI Budgam engaged in Handicrafts, Handlooms and other allied activities. The Camp was inaugurated by District Development Manager NABARD Budgam and Officer in Charge NABARD Srinagar. Assistant Director […]

Every bank branch to have ATM by March this year

JAIPUR: Describing UPA-II government’s focus on inclusive growth in the banking sector as a mission, Union Minister of State for Finance Namo Narayan Meena Saturday said every old bank branch should have ATM facility by the end of current fiscal. Every new bank was now providing ATM facility while opening its branches despite some problem […]

Axis Bank holds blood donation camp

Srinagar: Axis Bank on Saturday organized a blood bank here in which more 35 staff members and some customers donated their blood. The blood donation camp was organized in collaboration with Red Cross Society, Kashmir, a statement from the bank said. District Development Commissioner, Srinagar, Farooq Ahmad Shad, who was present at the occasion hailed […]

Develop new destinations: Kashmir tour operators to govt

NEW DELHI: There is more to Kashmir than popular destinations like Gulmarg and Pahalgam, said a Srinagar-based tour operator Saturday, blaming the lackadaisical approach of the state’s tourism department for not developing lesser-known tourists spots like Kokernag and Verinag. “The state tourism department is not promoting new tourist destinations. Whatever money they get from the […]

Islamic finance assets to reach $2.1tr

JEDDAH: Islamic finance industry will continue to grow driven by both demand and supply factors, and further facilitated by government agencies and financial regulators, KFH-Research, a subsidiary of Kuwait Finance House Group KFH-Group, said in a report. The report, which focuses on 2014 Islamic finance expectations, forecasts that Islamic finance industry will continue to draw […]