Business Archives - Page 34 of 59

Business Coronavirus Jammu and Kashmir National

Central University Of Kashmir Initiates Measures To Improve Admission Intake

editor January 16, 2024

SRINAGAR, Jan 16: Vice Chancellor Professor A. Ravinder Nath announced on Tuesday that the Central University of Kashmir has improved the number of students admitted by implementing a number of initiatives, including waiving tuition for deserving and poor applicants. According to Nath's statement to reporters here, "We will be providing 100% tuition fee waiver to 10% of students based on merit and financial need of the students in the post-graduate courses, another 10% of students will get 50% waiver, and another 10% will get 25% waiver." The vice chancellor declared that the curriculum has been created in accordance with the National Education Policy (NEP) 2020 and that the institution will enter into Memorandums of Understanding with businesses around the nation to allow students to participate in internship programmes. According to Nath, the university will implement a credit-based system that will allow students to transfer credits to other partner institutions in order to broaden their educational experience abroad. He said, "We have an agreement with a Malaysian university and are in the process of signing agreements with other universities across multiple nations." The vice chancellor announced that the university will invest Rs 494 crore in infrastructural expansion. [caption id="attachment_9148" align="alignnone" width="300"] Central University Of Kashmir Initiates Measures To Improve Admission Intake[/caption]

Business header Jammu and Kashmir National Political

Snowfall Must For Power Projects To Run, Tourism Sector To Thrive: LG Sinha

editor January 16, 2024

SRINAGAR, Jan 16: Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, expressed his wish for snowfall in the region on Tuesday, saying that the region needs snow in order to run power projects and have a thriving tourism industry. Speaking at a function in the Baramulla district of north Kashmir, the LG stated that the region is now experiencing a dry winter. "I ask God to provide snow because power projects depend on it to function; without it, they would fail. Snowfall is also necessary to maintain the health of the tourism industry, he stated.According to the LG, 13 lakh people came to Gulmarg last year, with the snow serving as a key draw. "In the Baramulla district, six new destinations have been added to the list, but tourists would prefer to stay away in the absence of snow," he stated. LG stated that with the completion of OBC reservations, elections for Panchayats and Urban Local Bodies (ULBs) will take place shortly. Elections for Panchayats and ULBs will be held after the process is completed, he stated. "Work is going on towards that direction."On January 26, Republic Day, the LG asked the people of Baramulla to participate in the Jhanda Ooncha Rahay Hamara programme in big numbers. He declared, "I want Tiranga to fill the skies of Baramulla." According to him, the Baramulla district is thriving on all fronts thanks to the young people's active participation. [caption id="attachment_9136" align="alignnone" width="300"] Snowfall Must For Power Projects To Run, Tourism Sector To Thrive: LG Sinha[/caption]

Govt Levies 50% Export Duty On Molasses; Extends Lower Import Duties On Edible Oil Till Mar 2025

editor January 16, 2024Leave a comment

NEW DELHI, Jan 16: Starting on January 18, the government would levy a 50% charge on the export of molasses, a byproduct of sugarcane that is used as a raw ingredient to produce alcohol. A statement from the Finance Ministry stated that molasses that comes from the extraction or refinement of sugar will be subject to an export tariff of 50%. The Finance Ministry also announced that the current concessional duty rates on imports of refined and crude edible oils, including palm, soy, and sunflower, will be extended by one year, ending on March 31, 2025.In June of last year, the basic import duty on refined soybean oil and sunflower oil was lowered from 17.5% to 12.5%. India imports a minor amount of crude soft oil, especially soyabean, from Argentina in addition to palm oil, which is primarily from Indonesia and Malaysia. Oil made from sunflowers is imported from Russia and Ukraine. [caption id="attachment_9110" align="alignnone" width="300"] Govt Levies 50% Export Duty On Molasses; Extends Lower Import Duties On Edible Oil Till Mar 2025[/caption]

Business header Jammu and Kashmir National

National Road Safety Month kick-starts at Shopian

editor January 15, 2024

SHOPIAN, JANUARY 15: IEC activities under National Road Safety month were today kick-started at Shopian in a function organised by the Motor Vehicles Department, Shopian. Month-long observance of the Road safety, which is being celebrated…

Business header National

FASTags With Incomplete KYC To Be Deactivated Post Jan 31, Says NHAI

editor January 15, 2024

NEW DELHI, Jan 15: The state-owned NHAI said on Monday that banks will deactivate FASTags with a valid balance but insufficient KYC after January 31, 2024. NHAI launched the "One Vehicle, One FASTag" initiative, which aims to discourage using a single FASTag for multiple vehicles or linking multiple FASTags to a single vehicle, in order to improve the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, according to a company statement. Additionally, it stated that NHAI is urging FASTag customers to finish the "Know Your Customer" (KYC) process on their most recent FASTag by upgrading KYC in accordance with RBI rules. The statement advised consumers to make sure their most recent FASTag's KYC is finished in order to prevent any trouble. “Only the latest FASTag account shall remain active as previous tags will be deactivated/blacklisted after 31st January 2024,” the notification read. FASTag users can contact the closest toll plazas or toll-free customer service number of their individual issuing banks for more help or inquiries. According to the statement, NHAI took this action in response to recent claims that many FASTags were given for a single vehicle and that FASTags were issued without KYC, which is against RBI mandate. Apart from this, FASTags are sometimes purposefully not fastened on the windscreen of the car, resulting in unnecessary delays at toll plazas and causing inconvenience to fellow national highway drivers. With over 8 crore users and a penetration rate of almost 98%, FASTag has completely changed the nation's electronic toll collection system. According to the announcement, the "One Vehicle, One FASTag" project would guarantee smooth and comfortable travels and assist toll operations become more efficient. [caption id="attachment_9050" align="alignnone" width="300"] FASTags With Incomplete KYC To Be Deactivated Post Jan 31, Says NHAI[/caption]

Business header Jammu and Kashmir National

Around 20K J&K Govt Buildings To Have Rooftop Solar Projects By 2025

editor January 15, 2024

JAMMU, Jan 15: With a goal of generating 300 MW of electricity from solar power by 2025, some 20,000 government buildings will have solar rooftop installations. The government has set a target of producing 300 MW of electricity by 2025, according to official sources who stated on Monday that the departments under government control in Jammu and Kashmir will receive their electrical supply from solar energy. The Jammu and Kashmir Energy Development Agency (JAKEDA) will carry out rooftop solar projects on as many as 20,000 government buildings, according to official sources.They disclosed that as of right now, 1900 government buildings had rooftop solar projects installed, producing 27.61 MW of electricity. "JAKEDA and other sister concern departments have assisted in the establishment of these projects," they stated, mentioning that the combined load of government-affiliated institutions is approximately 600 MW. "The load of the government related entities, including hospitals, schools, colleges, universities, defence establishments, and street lights, aside from 22,49,4 registered government offices, is approximately 600 MW out of the approximately 4000 MW load with JPDCL," they stated."The J&K government will save approximately Rs 700 crore annually if only 50% of the energy needs are met through rooftop solar projects. Approximately 15 percent of energy is consumed by the government establishments, which is estimated to be 3000 million units of electricity annually," they continued. According to official sources, educational institutions with greater potential for solar power generation, such as Kashmir University, National Institute of Technology, and Sher-e-Kashmir University of Agricultural Sciences and Technology, will also experience a decrease in their electricity consumption and consequent financial burden. "Government departments' increased electricity load will be relieved by reducing their electricity consumption," they stated.Official sources stated, "Several government departments are still not submitting their monthly electricity bills, despite the fact that the outstanding dues of various government departments are worth crores, which were waived off under a scheme." "In the pursuit of sustainable development, energy access, energy security, low-carbon emission, economic growth, and prosperity, JAKEDA promotes the widespread adoption and sustainable use of all forms of renewable energy, including hydropower, solar, wind, geothermal, biomass, and hydrogen energy," the statement reads. [caption id="attachment_9047" align="alignnone" width="300"] Around 20K J&K Govt Buildings To Have Rooftop Solar Projects By 2025[/caption]

6-hr traffic halt on Jammu-Srinagar highway tomorrow for construction work

editor January 15, 2024Leave a comment

RAMBAN: Authorities have issued an order to suspend traffic on the Jammu-Srinagar national highway for six hours on Tuesday night to facilitate essential construction work. The suspension order, issued by the District Administration Ramban, has…

Delhi airport issues advisory amid fog conditions; advises passengers to contact airlines before travelling

editor January 15, 2024Leave a comment

NEW DELHI: Amid the severe fog conditions, the Delhi airport has issued an advisory for passengers, requesting that they contact airlines before travelling. "Due to dense fog, flight operations at Delhi Airport may be affected.…

Breaking News Business header Jammu and Kashmir National

Govt transfers 55 kanals land to Edu Ministry

editor January 14, 2024

Srinagar, Jan 13: In a momentous move, the Government has handed 55 kanals of land to Union Education Ministry for establishing up permanent IIM off-campus at Pantha Chowk here. The Administrative Council met on December 26 of last year and accepted the request to transfer state land for the establishment of an IIM off-campus in Srinagar. According to a Revenue Department order, permission has been granted for the free transfer of 55 kanal eight marla of State land under survey no. 1072/1009, located in the Pantha Chowk estate, to the Ministry of Education, Government of India, via IIM Jammu, for the establishment of an IIM campus in Srinagar in accordance with Rule 310 of the General Financial Rules of 2017.The government has also mandated that the Revenue Department resume use of 40 kanals of land that were transferred to IIM for the establishment of an off-campus facility on January 1, 2021. The ruling said that the "Divisional Commissioner Kashmir shall work out modalities for proper utilisation of the resumed land." Jammu and Kashmir's IIM was established as part of the Prime Minister's Development Package for the region. [caption id="attachment_8937" align="alignnone" width="300"] Govt transfers 55 kanals land to Edu Ministry[/caption]

J&K generates only 600 MWs hydroelectricity against generation capacity of 3500 MWs during winters

editor January 14, 2024Leave a comment

JAMMU: Regarding the false information about Ratle Power Projects that has appeared in a number of newspapers and other media outlets, the following is a point-by-point rebuttal complete with statistics: Both the State and Central sectors of the Union Territory (UT) of Jammu & Kashmir are developing hydropower projects. Eleventy million of the 3500 MW installed generation capacity now in use comes from plants owned by UT, which include the 110 MW Lower Jehlum, 110 MW Upper Sindh, and 900 MW Baglihar projects. The remaining 2300 MW comes from central sector plants, with important ones being Salal, Dul-Hasti, Uri, and Kishanganga. Because of a drop in river levels, power plants in J&K, both in the central and state sectors, can only produce a maximum of 600 MW during the winter months compared to their rated capacity of 3500 MW. But in winter, when demand peaks at 3200 MW, it's clear that hydroelectric power facilities are unable to meet J&K's electricity needs. The majority of the electricity generated by J&K's own power plants comes from the 900 MW-producing Baghliar Hydro Electric Project (BHEP).A total of 200–250 MW are produced by other locally owned power plants, including as Upper Sindh, Lower Jehlum, Chennani, etc. Through UT's own producing plants, this amounts to about 1100–1140 MW, with a winter decrease to about 200 MW. Throughout the winter, Central Generating Stations (CGS) both inside and outside of J&K provide the remaining power needed. A significant portion of the 1140 MW installed capacity in the UT sector—roughly 1030 MW, or 88% of the total capacity—is used in J&K. The remaining 150 MW is sold outside of J&K in accordance with agreements made in 2009—first through PTC and then bilaterally with Haryana. The Government of India has set Renewable Purchase Obligation (RPO) targets, making it mandatory for every State/UT to procure some quantum of hydro and…

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