Business Archives - Page 35 of 65

UPI Payment Services Launched In Sri Lanka, Mauritius; PM Modi Describes It As ‘Special Day’

editor February 12, 2024February 12, 2024Leave a comment

NEW DELHI, Feb 12: Prime Minister Narendra Modi said that India's Unified Payment Interface (UPI) services, which connect traditional relationships with contemporary digital technology, were launched in Mauritius and Sri Lanka on Monday. Along with Prime Minister Modi, President Ranil Wickremesinghe of Sri Lanka, and his Mauritian counterpart Pravind Jugnauth attended the virtual event launching India's RuPay card services in Mauritius. In his speech, Modi expressed his optimism that the two countries will benefit from the new fintech services and stated that the UPI is taking on "new responsibilities of uniting partners with India.""We are connecting our historical connections with contemporary digital technology today, making it a unique day for the three friendly nations of the Indian Ocean Region," he remarked. "I think the UPI system will be beneficial for Mauritius and Sri Lanka," Modi declared. According to the prime minister, India has undergone a dramatic transformation thanks to digital public infrastructure. Additionally, he emphasised India's emphasis on its "neighbourhood first policy." "India has been the first responder, and will continue to be so, whether it is a natural disaster, health-related issue, economic issue, or assistance on the international stage," the speaker declared.With New Delhi's bilateral commercial relations to Sri Lanka and Mauritius growing, Indian services were introduced in both nations. With this change, Indian nationals flying to Sri Lanka and Mauritius as well as Mauritius nationals travelling to India can now access UPI settlement services. UPI is an instantaneous real-time payment system designed by the National Payments Corporation of India (NPCI) to make interbank mobile transactions easier. India's RuPay is a widely accepted global card payment network that may be found online, in stores, and at ATMs. [caption id="attachment_10783" align="alignnone" width="300"] UPI Payment Services Launched In Sri Lanka, Mauritius; PM Modi Describes It As ‘Special Day’[/caption] …

Union Ministers To Hold Talks With Farmers, Tractor-Trolleys Start From Villages To Join March

editor February 12, 2024Leave a comment

Chandigarh, Feb 12: Three Union ministers are scheduled to meet on Monday with a group of leaders of farmers who are organising a march on Delhi. Convoys of tractor-trolleys have already left Punjab in order to participate in the march in the meantime. In an attempt to thwart the farmers' planned "Delhi Chalo" march on February 13, Haryana officials have reinforced the state's border with Punjab at many locations in Ambala, Jind, Fatehabad, and Kurukshetra with concrete blocks, iron nails, and barbed wire. In addition, the Haryana government has enforced restrictions in up to fifteen districts pursuant to Section 144 of the CrPC, which forbids any type of demonstration or march including a tractor-trolley and forbids gatherings of five or more individuals in such districts.More than 200 agricultural unions are scheduled to travel to Delhi on February 13 to force the Centre to adopt a number of requests, including the enactment of a law guaranteeing a minimum support price (MSP) for crops. This announcement has been made by the Kisan Mazdoor Morcha and the Samyukta Kisan Morcha (Non-Political). Monday is the scheduled arrival date of Union ministers Piyush Goyal, Arjun Munda, and Nityanand Rai in Chandigarh for a second round of talks with the leader of the farmer community to discuss their demands. At 5:00 p.m., the Mahatma Gandhi State Institute of Public Administration in Sector 26 will host the meeting. On February 8, the three Union ministers and I had our first meeting.In addition to a legal guarantee for the minimum support price (MSP), the farmers are demanding the following: the adoption of the recommendations made by the Swaminathan Commission; pensions for farmers and farm labourers; the waiver of farm debt; the dismissal of police cases; and "justice" for the victims of the violence in Lakhimpur Kheri. [caption id="attachment_10771" align="alignnone" width="300"] Union Ministers To Hold Talks With Farmers, Tractor-Trolleys Start From Villages To Join March[/caption]

CEO Railway Board visits USBRL Project in J&K, reviews progress

editor February 11, 2024Leave a comment

JAMMU: The Railway Board's chairman and chief executive officer, Jaya Varma Sinha, visited this location in-depth to assess the USBRL Project's progress. During the inspection, other senior officers in attendance included Shobhan Chaudhuri, General Manager/Northern Railway; Sandeep Gupta, CAO/USBRL; Sanjay Gupta, CMD/KRCL; V P Singh, PCE/NR; U. C. Joshi, PCOM/NR; and Sanjay Sahu, Divisional Railway Manager/Firozpur. Jaya Varma Sinha started his inspection in Katra and proceeded to Tunnel No. T-33 (formerly known as T-1). She carried out a motor trolley inspection before doing a thorough on-foot inspection of the crucial work still being done on Tunnel T-33. She noted the excellent job being done by the project team despite the extremely difficult geological conditions and advised them to adhere to all safety precautions.In order to link the Katra-Reasi segment, Jaya Verma gave the project officials instructions to speed the completion of balance works. She proceeded with the motor trolley inspection of Tunnel T-34 (formerly T-2) and went on to inspect track, E&M, S&T and RE works. She was satisfied with the calibre and advancement of these works as she passed via Anji Bridge, Reasi Station, Bakkal Station, Chenab Bridge and the Dugga railway station. CRB met with representatives from NR, KRCL, and IRCON to discuss the USBRL project's progress at the Chenab Bridge site. The CRB expressed satisfaction with the project's pace of work and instructed the project authorities to keep a close eye on all remaining work, particularly the Sawalkote yard and Tunnel T-1 projects, to make sure there are no delays. [caption id="attachment_10701" align="alignnone" width="300"] CEO Railway Board visits USBRL Project in J&K, reviews progress[/caption]

DM Jammu cancels 3 illegal land mutations, orders inquiry

editor February 11, 2024Leave a comment

JAMMU: Three land mutations that were fraudulently attested have been revoked by District Magistrate Sachin Kumar Vaishya, in violation of Government Order No. 254-C of 1965. The DM issued the order after taking notice of the situation and asking the Tehsildar for an update. The land mutations were related to Khasra Nos. 118, 210, and 210-Min in the village of Dhami, Tehsil Nagrota, where three individuals were granted ownership rights under Government Order No. 254-C of 1965. This order was intended to aid in the rehabilitation of families who had been displaced in 1947, 1965, and 1971. Looking through the revenue records, I discovered that the land in question did not fall within the aforementioned order's provisions because it was classified as State Land with 'Gair Mumkin Passi' soil type, meaning it was not used for agriculture. Furthermore, the territory covered by Khasra No. 210-Min belonged to the Forest Department. The DM duly called the parties who were granted ownership rights to a hearing, but they did not show up. Upon conducting a thorough analysis of the revenue records and reviewing the Tehsildar's report, the DM determined that the contested mutations were fraudulent and unlawful, and as such, were revoked. Within two days, Tehsildar Nagrota was instructed to make the necessary record corrections and turn in a report detailing the actions taken. In order to take the appropriate additional steps, he must also divulge the identities of the delinquent officials who illegally entered the contested mutations. [caption id="attachment_10692" align="alignnone" width="300"] DM Jammu cancels 3 illegal land mutations, orders inquiry[/caption]

EPFO Fixes 8.25 Pc Interest Rate On Employees’ Provident Fund For 2023-24

editor February 10, 2024Leave a comment

NEW DELHI, Feb 10: Employee Provident Fund (EPF) deposits for 2023–24 will now have a three-year high interest rate of 8.25 percent, according to a decision made by retirement fund authority EPFO on Saturday. The Employees' Provident Fund Organisation (EPFO) raised the interest rate on Employee Provident Funds (EPF) in March 2023, moving it up slightly from 8.10 percent in 2021–2022 to 8.15 percent for 2022–2023. EPFO reduced the interest rate on its EPF for 2021–2022 in March 2022, from 8.5% in 2020–2021 to 8.1 percent—a four-decade low—for its more than six crore users. This was the lowest since the EPF interest rate was 8% in 1977–1978."At its meeting on Saturday, the Central Board of Trustees (CBT), the highest decision-making body of the EPFO, voted to give an 8.25 percent rate of interest on EPF for 2023–2024,” a source stated. CBT determined in March 2021 that the interest rate on EPF deposits year 2020–21 will be 8.5%. The interest rate on EPF deposits for 2023–2024 will be forwarded to the Ministry of Finance for approval following the CBT's ruling. The interest rate on EPF for 2023–2024 would be credited into the accounts of more than six crore EPFO users following government certification.Only until it has been approved by the government through the ministry of finance does EPFO release the interest rate. The interest rate on provident fund deposits was reduced by EPFO in March 2020 from 8.65 percent for 2018–19 to a seven-year low of 8.5 percent for 2019–20. In 2016–17 and 2017–18, EPFO offered its customers an interest rate of 8.55% and 8.55%, respectively. In 2015–16, the interest rate increased somewhat to 8.8%. The retirement fund body offered an interest rate of 8.75 percent in 2013–14 and 2014–15, which was higher than 8.5 percent in 2012–13. In 2011–12, the interest rate was 8.25 percent. [caption id="attachment_10624" align="alignnone" width="300"] EPFO Fixes 8.25 Pc Interest Rate On Employees’ Provident Fund For 2023-24[/caption]

Shrine Board conferred with ‘Sport for Social Good’ Award at Sportstar Aces Awards

editor February 9, 2024Leave a comment

KATRA: Shri Mata Vaishno Devi Shrine Board (SMVDSB) has made a significant accomplishment when it was given the Chairperson's Choice - Sport for Social Good Award at the Sportstar Aces Awards-2024, which were hosted by Sportstar and held in Mumbai. This award is in recognition of the Board's significant efforts to extend its support beyond religious realms. The Shri Mata Vaishno Devi Shrine Board's chief executive officer, Anshul Garg, received the award from the Hindu Group's chairperson, Nirmala Lakshman. A wide array of well-known athletes from all disciplines attended this yearly festival of sports and athletes.Anshul Garg, the Chief Executive Officer, accepted the award on behalf of the Board and thanked the Hindu Group. He also discussed the goals and purposes behind the establishment of the Sports Complex, noting that the Shrine Board, which has a strong commitment to societal betterment, established a comprehensive sports facility in Katra town in 2016 with top-notch coaching and training facilities in order to identify talent in the area and develop future athletes who will compete and win medals in various levels of competition.He continued by saying that this ongoing programme, which is led by Lieutenant Governor JK-UT Shri Manoj Sinha, has been supporting young people and giving them a stage on which to display their abilities. This demonstrates the Board's dedication to promoting sportsmanship through competitive physical activities and has greatly contributed to the development of future national champions, as evidenced by the athletes who represent our nation at international events. The CEO also praised the accomplishments of Sports Complex's Para Archers, three of whom will compete for India in the forthcoming Paralympic Games in Paris. He emphasised that the success attained at the games is reviving the Shri Mata Vaishno Devi Sports Complex and the approximately 150 aspiring athletes who are receiving instruction in sports like archery, athletics, judo, and shooting. In a short period of time, the athletes trained in the sports complex have shown encouraging results in a variety of contests, taking home a hefty haul of 80 medals at the national and 12 at the international level. In recognition of the medals she won at National and International Sports Arena while shooting with her feet, Arjuna Awardee Paraarcher Sheetal Devi of SMVD Sports Complex won the Sportstar Aces Award in the categories for "Sportstar of the Year (female)" and "Popular Choice Award for "Moment of the Year" during the Award Ceremony.It is noteworthy that in October of last year, at her debut Asian Para Games in Hangzhou, the world's first armless archer, Sheetal, earned a record three medals. Two gold medals in the mixed doubles and women's solo categories, as well as a silver in the women's doubles compound, were among the remarkable haul. Sheetal also won a silver medal at the World Para Archery Championships in Pilsen, Czech Republic, earlier in 2023. The top para competitor in the world, who also took home the gold in the compound open category at the first-ever Khelo India Para Games on December 16 in New Delhi, has his sights set on the gold in the forthcoming Paris Paralympic Games. It's important to note that paraarchers connected to the Board not only earned gold in paraarchery competitions but also qualified for the Paris Paralympics in 2024. [caption id="attachment_10589" align="alignnone" width="300"] Shrine Board conferred with 'Sport for Social Good' Award at Sportstar Aces Awards[/caption]

Article 370′ trailer: Yami Gautam in her fierce avatar as investigative agent grabs eyeballs

editor February 9, 2024February 9, 2024Leave a comment

MUMBAI: Yami Gautam is gearing up for the release of her next film, 'Article 370'. The makers of the film unveiled the trailer for the movie today. The trailer showcases terrorism and corruption in Jammu…

RBI leaves repo rate unchanged for sixth straight occassions

editor February 8, 2024Leave a comment

MUMBAI: At its February review meeting, the Reserve Bank of India's (RBI) Monetary Policy Committee unanimously agreed to maintain the status quo, with the policy repo rate remaining at 6.5% for the sixth consecutive meeting. The interest rate at which the RBI loans money to other banks is known as the repo rate. Following a three-day review meeting, RBI Governor Shaktikanta Das discussed the policy statement on Friday morning. He cited stable growth dynamics and moderate inflation as justifications for keeping the monetary stance as it is. According to Das, growth is holding up better than anticipated and inflation is getting closer to the target. While retail inflation in India is over the desired 4 percent scenario, it is still within the RBI's comfortable range of 2 to 6 percent.December had a 5.69 percent figure. According to Das, the MPC also resolved, with a majority of five out of six members, to continue concentrating on the removal of accommodation in order to guarantee that inflation gradually approaches the objective while promoting growth. In the July-September quarter of the current fiscal year 2023–24, the Indian economy increased by 7.6%, continuing to be the fastest-growing major economy. India's GDP increased by 7.8% during the April–June quarter. The RBI's bi-monthly monetary policy committee (MPC) meeting got underway on Tuesday and will last for three days. During a financial year, the RBI normally has six biweekly meetings when it discusses a range of macroeconomic indicators, interest rates, the money supply, and the outlook for inflation. The central bank may have reacted to a significant drop in inflation and the possibility of more reduction by lowering the main interest rate. Many nations, including developed ones, have been concerned about inflation, but India has generally done a pretty good job of controlling its inflation trend. With the exception of the most recent pauses, the RBI has increased the repo rate to 6.5% from May 2022 by a total of 250 basis points in an effort to combat inflation. One tool of monetary policy that usually serves to reduce demand in the economy and lower the inflation rate is raising interest rates. [caption id="attachment_10499" align="alignnone" width="300"] RBI leaves repo rate unchanged for sixth straight occassions[/caption]

MD JPDCL visits Data Centre; directs for 24×7 availability of customer care executives

editor February 8, 2024Leave a comment

JAMMU: Today, Jammu Power Distribution Corporation Limited (JPDCL) warned negligent customers that they would face harsh consequences for any such behaviour on their side and sternly urged the officers to maintain a watchful eye out for instances of illegal connections, metre tampering, and billing irregularities. When Vikas Kundal, the managing director of JPDCL Jammu, paid an unexpected visit to the data centre and customer care centre at Gladni Grid Station, Narwal, he gave these instructions to the pertinent employees. The MD warned that metre tampering puts consumers' safety at risk by posing a risk of electrical fires, explosions and other safety concerns that could have serious effects, even as he urged them to abstain from any criminal conduct of this kind.Conversely, it will force customers to deal with frequent power outages as a result of their own negligence in engaging in connecting up or tampering with metres. He instructed the employees to closely monitor the hooking and bypassing of metres via online mode and to report any instances of such behaviour to the relevant sub-divisions so that the defaulters would face harsh consequences. The MD examined the customer service centre during the visit and assessed how well the crucial component was operating. He gave the involved personnel instructions to be accessible to address customer complaints around-the-clock. He urged everyone to contact the toll-free lines 1912/0191-2479122 if they had any complaints about power or billing. During the CNET inspection, the MD was informed about the latest system upgrade to the JPDCL software, which connects it to banking software and smart metres to offer a seamless end-user experience. He underlined that JPDCL software needs to be updated often to satisfy the demanding requirements as the company's customer base grows. He also noted that extensive back-end support will be needed for the installation and transition to smart metres to be successful. Bavinder Kundal, Chief Engineer, Distribution, and other officers accompanied the MD. Anil Verma, the Executive Engineer for the IT & C Division at JPDCL, had previously informed the MD on the general operations of the IT Division. [caption id="attachment_10478" align="alignnone" width="254"] MD JPDCL visits Data Centre; directs for 24x7 availability of customer care executives[/caption]

Lok Sabha Takes Up Bill To Amend Local Body Laws In J&K

editor February 6, 2024Leave a comment

New Delhi, Feb 6: A bill to give reservations to members of Other Backward Classes in Jammu and Kashmir's panchayats and municipalities as well as to align local body rules in the Union territory with the Constitution's provisions was brought up for consideration by the Lok Sabha on Tuesday. The Jammu and Kashmir Local Bodies Laws (Amendment) Bill, 2024 was introduced by Minister of State for Home Nityanand Rai and is scheduled to be passed by the House. On Monday, the bill was presented to the House. The Jammu and Kashmir Municipal Act of 2000, the Jammu and Kashmir Municipal Corporation Act of 2000, and the Jammu and Kashmir Panchayati Raj Act of 1989 are all intended to be amended by this bill. According to Rai, the Jammu and Kashmir Panchayati Raj Act's provisions regarding the state election commissioner "are at variance" with the Constitution. Hasnain Masoodi, a member of the National Conference, participated in the discussion and stated that the government has not set a date for assembly elections in Jammu and Kashmir, which became a union territory after Article 370 was repealed and bifurcated. He stated that the Supreme Court's decision to impose an upper bound on the holding of assembly elections in Jammu and Kashmir is a source of "shame" for the government. The National Conference has also called for Jammu and Kashmir to be granted its own state again.Participating in the discussion, Saugata Roy, a member of the Trinamool Congress, claimed that the BJP could not be trusted in local body elections and that the Supreme Court had imposed restrictions on the Chandigarh mayoral election process. He also called for Jammu and Kashmir to hold early assembly elections. [caption id="attachment_10377" align="alignnone" width="300"] Lok Sabha Takes Up Bill To Amend Local Body Laws In J&K[/caption]

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