Biz-Tech

SCARD Bank not bankrupt; liquidation initiated due to financial distress, says J&K Govt

JAMMU — The Jammu and Kashmir government on Thursday clarified that the State Cooperative Agriculture and Rural Development (SCARD) Bank Ltd has not been declared bankrupt, but liquidation proceedings have been initiated in accordance with law due to prolonged financial and operational distress. Replying to questions by legislators Dr Rajeev Kumar Bhagat, Vikram Randhawa, Surjeet […]

Governance

J&K Assembly passes Rs 74,690 crore grants for 13 departments; CM outlines fiscal, governance roadmap

JAMMU — The Jammu and Kashmir Legislative Assembly on Thursday passed grants amounting to Rs 74,690 crore for 13 departments, including Finance, Power and Housing, after two days of extensive deliberations in the House. The Assembly also approved 19 supplementary grants totalling Rs 3,523 crore. Replying to the discussion on Demands for Grants, Chief Minister […]

Kashmir

Action against encroachers will begin with influential violators, not the poor: Omar Abdullah

JAMMU — Chief Minister Omar Abdullah on Thursday said action against encroachment on government land in Jammu and Kashmir will begin with influential violators, assuring the Assembly that the poor will not be targeted first. Winding up discussions on grants of his departments in the Jammu and Kashmir Legislative Assembly, Abdullah said there was unanimity […]

Kashmir

All closed tourist destinations in J&K likely to reopen by May; nine new sites planned: Omar Abdullah

JAMMU — Chief Minister Omar Abdullah on Thursday said all tourist destinations currently closed in Jammu and Kashmir are expected to reopen by May, as the government continues efforts to revive tourism following the April 2025 Pahalgam terror attack. Winding up the discussion on Demands for Grants in the Legislative Assembly, Abdullah said his government […]

Kashmir

J&K has 18,000 MW hydropower potential; generation to rise to 7,000 MW in coming years: Omar Abdullah

JAMMU — Chief Minister Omar Abdullah on Thursday said Jammu and Kashmir has an estimated hydropower potential of around 18,000 megawatts, of which only about 3,000–3,500 MW has been developed so far. He said with the addition of upcoming projects, total power generation in the Union Territory is expected to rise to nearly 7,000 MW […]

Kashmir

Daily wagers’ regularisation process to begin in 2026; 30,000 vacancies to be filled this year: Omar Abdullah

JAMMU — Chief Minister Omar Abdullah on Thursday said the Jammu and Kashmir government will initiate the process of regularising daily-rated, ad hoc and other temporary employees in a legally and financially sustainable manner in 2026, even as it plans to fill nearly 30,000 vacant posts during the current year. Replying to discussions on grants […]