Weak oil prices may hit remittances from Gulf: Crisil

Mumbai: Continuing weakness in oil prices may impact remittances from Gulf countries into India, according to a report by domestic ratings agency Crisil. However, Crisil added that low oil prices have reduced the country’s trade deficit with Gulf Cooperation Council (GCC) countries. “The Gulf lost some charm for India last fiscal, both as a destination […]

FM holds pre-budget consultations

FM holds pre-budget consultations

KCCI not for land to non locals to set up industries; hoteliers pitch compensation, tax rebate SRINAGAR: Minister for Finance, Dr Haseeb Drabu, Saturday held a series of meetings with the representatives of businesses bodies in Jammu and Kashmir. The Kashmir Chamber of Commerce and Industry (KCCI) urged the Finance Minister that the government must […]

GoI asks states to implement DBT for food subsidy

GoI asks states to implement DBT for food subsidy

NEW DELHI: Pitching for direct transfer of food subsidy, Union Food Minister Ram Vilas Paswan today asked states to initiate a pilot programme in atleast some districts to pay cash directly to ration card holders. “The government is implementing Direct Benefit Transfer (DBT) scheme for LPG subsidy. We wish DBT should be implemented for food […]

Pak misses GDP target for current year

ISLAMABAD : Pakistan missed the economic growth target for the current financial year by a wide margin as its GDP grew by 4.7 per cent against the target of 5.5 per cent, a media report said Saturday. The target was missed mainly because of dismal performance by the agriculture sector, which is the mainstay of […]

Govt fixes meat rate at Rs 400 per kg

Govt fixes meat rate at Rs 400 per kg

Div Com orders regular market checking to ensure price control SRINAGAR: Divisional Commissioner Kashmir, Dr. Asgar Hassan Samoon, on Friday convened an officers meeting to fix price of various essential commodities especially mutton. Deputy commissioners of Kashmir division attended the meet via video conferencing. The meeting was also attended director CA&PD Kashmir, representatives of meat […]

Power connection on demand soon: GoI

Power connection on demand soon: GoI

New Delhi: In a bid to make electricity available to all, the government of India plans to launch a scheme under which consumers can pay for the new connection in monthly installments over a period of 5 years and will be able to avail the service on demand. “We are thinking of launching a campaign […]

Expand role in social sector projects: Jaitley to World Bank

New Delhi: Pitching for the World Bank to have a larger capital base, finance minister Arun Jaitley has asked the multilateral lending institution to expand its role in social sector projects including on education and health. Addressing a group of nine World Bank executive directors, currently on a visit to India, Jaitley said there is […]

No immunity to those earning money via graft: FinMin

New Delhi: Persons who have earned money through corrupt practices cannot take advantage of the domestic black money disclosure scheme, says the finance ministry’s FAQ on Income Declaration Scheme issued on Friday. The four-month window which opens on June 1 provides an opportunity to people having undisclosed income to come clean by paying tax, penalty […]

Fruit growers’ conclave held at SKUAST-K

Fruit growers’ conclave held at SKUAST-K

US-based Kashmiri scientist to implement in valley technology that increases shelf-life of apples SRINAGAR: The directorate of extension Sher-e-Kashmir University of Agricultural Sciences and Technology of Kashmir (SKAUST-K) in collaboration with department of horticulture, on Thursday organized fruit growers’ conclave here at Shalimar. Among others, the conclave was attended by Prof Nazir Ahmad Mir, a […]