Budget HIGHLIGHTS

Annual project Plan size : Rs 11300 crore. Rs 47.50 crore for clearing statutory liabilities of corporations during next year. Grant-in-aid (financial devolution) in respect of Local Bodies to go up from Rs 306 crore to Rs 383 crore . Super Specialty Hospital, Jammu commissioned. Rs 2.8 crore has been provisioned for  current year and […]

Budget reflecting right policies of govt: FM

JAMMU: Finance Minister Abdul Rahim Rather Thursday said budget is reflecting policies and programs of the coalition government, aims to give right direction to the state’s economic growth and development within the available resources. In his 115 minutes long Budget speech, Rather said that despite limited financial resources and multiple problems confronting the state, every […]

High inflation threat to growth: FM

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 […]

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 […]

Young entrepreneurs launch web-portal for tourism promotion

Young entrepreneurs launch web-portal for tourism promotion

SRINAGAR: To provide easy access and better services to tourists and travelers in Jammu and Kashmir, a local destination marketing organization launched a web portal ‘TravelNshop’ in collaboration with Tourism Department, Kashmir on Wednesday here at a local hotel. Joint Director Tourism Mohd Hussain Mir in presence of Deputy Director Tourism, Shabir Hussain Bhat, Assistant […]

J&K Economic Survey-2014 released

JAMMU: Governement on Wednesday released the Economic Survey-2014 in both the houses of legislature. Finance Minister Abdul Rahim Rather laid a copy of the survey in Legislative Assembly, whereas CAPD Minister Chaudhary Mohammad Ramzan laid the survey at Legislative Council. Government every year a day prior to releasing the annual budget, release the survey to […]

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 […]

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 […]