JAMMU — Investment proposals worth Rs 1.63 lakh crore have been received till December last year, which will create direct employment opportunities for more than 5.90 lakh people, Jammu and Kashmir government’s economic survey report 2024-25 said. The report, tabled by the Chief Minister in the Legislative Assembly last week, said 1,984 units involving an […]
SRINAGAR — The Kashmir Chamber of Commerce and Industry (KCCI) said many of its recommendations have been incorporated in the Budget, which aligns with aspirations of the business community in Jammu and Kashmir. Chief Minister Omar Abdullah on Friday presented the first budget of the Union Territory with an outlay of Rs 1.12 lakh crore, […]
NEW DELHI — The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit […]
SRINAGAR — Jammu and Kashmir Bank on Monday reported a 26.2 per cent rise in net profit to Rs 531 crore for the October-December quarter of FY2024-25 compared to Rs 421.08 crore in the year-ago period. A bank spokesman said that the financial institution is well on course to meet the annual profitability target. “The […]
NEW DELHI — J&K Bank on Wednesday announced the appointment of Amitava Chatterjee, currently Deputy Managing Director of State Bank of India (SBI), as its new managing director (MD) and CEO. Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29. The Board of Directors in their meeting held on December […]
NEW DELHI — Bharti Airtel has become the first private telecom operator to launch mobile services in Kupwara, Baramulla and Bandipore districts of Jammu and Kashmir, the company said on Wednesday. The company said that it has deployed 15 mobile towers in Kupwara, Baramulla and Bandipore districts, which will benefit the local population and also […]
SRINAGAR — The Jammu and Kashmir Bank on Friday launched virtual ATM facility (vATM) with an aim to leverage technology for financial empowerment of people, especially in rural areas. Committed to enhancing digital convenience for its customers, J&K Bank has launched a vATM — a cutting-edge technology platform — in collaboration with Paymart India Pvt […]
MUMBAI — The rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar on Tuesday as persistent foreign fund outflows and a strengthening greenback against major crosses overseas dented investor sentiments. Forex traders said the rupee is likely to trade between 83.80 and 84.50 in the medium term, with the […]
LEH — The Indian Space Research Organisation (ISRO) on Friday announced the launch of India’s first analog space mission, which commenced in Leh, Ladakh. This mission, led by ISRO’s Human Spaceflight Centre, has been developed in partnership with AAKA Space Studio, the University of Ladakh, IIT Bombay, and supported by the Ladakh Autonomous Hill Development […]
NEW DELHI — State-run telecom firm BSNL will complete the rollout of indigenously developed 4G technology through 1 lakh base stations by May next year and thereafter switch to 5G network by June 2025, Union Telecom Minister Jyotiraditya Scindia said on Monday. While speaking at the US-India Strategic Partnership Forum, Scindia said that India followed […]