India to impose retaliatory tariff on 29 US items from June 16

NEW DELHI: After extending the deadline for several times, India has decided to impose additional customs duties on 29 US products, including almond, walnut and pulses, with effect from June 16, sources said. A notification with this regard will be issued by the finance ministry soon, they added. The move will hurt American exporters of […]

Extend tax sops to retail investors in corporate bond: Market players to FM

Extend tax sops to retail investors in corporate bond: Market players to FM

NEW DELHI: India’s financial market players on Thursday urged finance minister Nirmala Sitharaman to extend tax incentives to retail investors in corporate bonds, and also pitched for additional tax sops for investments in term insurance plans. In the pre-budget meeting, financial and capital markets players made suggestions concerning infusion of capital in niche/regional banks, enhanced […]

CSCs to restart Aadhaar related work within a week

CSCs to restart Aadhaar related work within a week

NEW DELHI: People in rural areas will soon be able to access Aadhaar-related services at the common service centres following the UIDAI’s authorisation to these centres to resume such services, a senior official said. Common service centres (CSC) stopped providing Aadhaar-related services after the Unique Identification Authority of India (UIDAI) withdrew authorisation from them following […]

J&K Bank committed to render uninterrupted services: Chairman

J&K Bank committed to render uninterrupted services: Chairman

SRINAGAR: Chairman J&K Bank, R K Chhibber on Thursday reassured the bank’s commitment rendering uninterrupted services to the people of the state. In a statement, the chairman assured to further strengthen bonding with customers of the bank and pledged to work for the progress and prosperity of the state, bank and the customers. “The bank […]

Bank launches ‘premium savings bank account’ scheme

Bank launches ‘premium savings bank account’ scheme

SRINAGAR: To meet the requirements of high net worth individuals, J&K Bank on Thursday launched ‘Premium Savings Bank Account scheme’ – a tailor-made product with special add-ons, freebies and discounts in fee/charges at the corporate headquarter of the bank. Customised to address the needs of different sets of prospective customers, the account has an average […]

Samoon asks banks to expedite KCC issuance

SRINAGAR: Principal Secretary Animal & Sheep Husbandry, Fisheries and Transport, Asgar Hassan Samoon on Thursday stressed upon banks to pace up their efforts and to work in coordination with district administrations for the realisation of Kisan Credit Card (KCC) scheme in the state. He asked banks to ensure that the farmers faced no difficulties in […]

Secy APD urges transparent, accountable mechanism implementing schemes

SRINAGAR: Stressing for maximum outreach to the farming community, Secretary Agriculture Production Department (APD) Jammu and Kashmir, Manzoor Ahmad Lone on Thursday urged the officers for developing transparent and accountable mechanism while implementing various state and GoI-sponsored schemes. He instructed the officers to gear up the field functionaries and to work in a mission mode […]

Anmol Feeds Pvt Ltd sets up livestock feed unit in Jammu

SRINAGAR: Anmol Feeds Pvt. Ltd. on Thursday inaugurated its new production unit at Samba, in the outskirts of the Jammu industrial area. Managing Director, Anmol Feeds Pvt. Ltd., Amit Saraogi was present at the inaugural. Anmol Feeds Pvt. Ltd. has an installed capacity of 400,000 tonnes per annum across India. The newly opened unit in […]

FSSAI proposes ban on junk food advertisements in and around schools

NEW DELHI: FSSAI has proposed banning advertisements of unhealthy food in and around school premises in an attempt to promote safe and wholesome food among school children, its CEO Pawan Kumar Agarwal said Thursday. The Food Safety and Standards Authority of India (FSSAI) has prepared a draft regulation on availability of safe, wholesome and nutritious […]

FDI flows to India grew 6% in 2018 to $42 billion: UN report

UNITED NATIONS: Foreign Direct Investment (FDI) to India grew by 6 per cent to $42 billion in 2018, with strong inflows in the manufacturing, communication and financial services sectors, and cross-border merger and acquisition activities, according to a UN report that ranked India among the top 20 host economies for FDI inflows in 2017-18. The […]