Business Archives - Page 52 of 62

Breaking News Business header Jammu and Kashmir National Political

Over 9,000 Landless People Given Land In J&K So Far: LG

editor October 6, 2023

KUPWARA, Oct 06 : Over 9,000 landless individuals have already received land in the area, according to Lieutenant Governor Manoj Sinha, and only those who qualify will receive 5 Marla land from the government. Speaking to reporters outside of a gathering at Dak Bunglow, the LG claimed that a new era of growth was beginning since the administration had been successful in bringing openness and adapting to a pro-people stance. According to him, more than 9,000 landless individuals in Jammu and Kashmir have received land grants, and only those who qualify would receive 5 Marla parcels of land in J&K.The LG further stated that the budget for a technical survey has already been approved by the railway minister while he was on a two-day visit to the Kupwara district. Kupwara will soon be connected to the rail link once the survey is done and the DPR is submitted. According to him, Kupwara is on the road to wealth and progress, and in the last three years, the security situation has also improved. "In this place, the common guy has a peaceful life. The agricultural and related industries have significantly improved in this district. Growth and output have both risen, according to LG.He said that considerable advancements had also been made in infrastructure development. Roads have been constructed. Road connections have been made to remote places. The transmission and distribution of power supplies have also received a lot of attention. Our strength has significantly increased compared to the previous. He claimed that the tourism industry is flourishing in Kupwara and that much work is being done to ensure its further expansion."Much more tourists have come here already than in prior years. Another excellent step is the formation of GMC. Previously inaccessible for at least six months, areas are now experiencing electricity for the first time. Water tap connections to each home have completed 70% of the task. The 100% target will be met by the end of this year, the LG predicted. [caption id="attachment_3621" align="alignnone" width="300"] Over 9,000 Landless People Given Land In J&K So…

Business header National

RBI maintains status quo in policy rate, flags inflation concern

editor October 6, 2023

MUMBAI: The Reserve Bank of India's (RBI) monetary policy committee unanimously chose to retain the policy repo rate at 6.5 percent at its October review meeting, making this the fourth straight time that it has done so. Shaktikanta Das, governor of the RBI, stated that the central bank is worried and has recognised rising inflation as a significant risk to macroeconomic stability and sustainable growth while deliberating the policy statement on Friday morning. Das further stated that the monetary policy committee is dedicated to keeping India's headline inflation around 4%.The governor also mentioned that 5 of the MPC's 6 members favour continuing to focus on the "withdrawal of accommodation" in monetary policy in order to ensure that inflation gradually converges to the objective while fostering growth. On Wednesday, the RBI's three-day bi-monthly monetary policy committee (MPC) meeting got underway. Participants in the financial markets will be eagerly watching the outcome and the central bank's policy stance for new clues. In a financial year, the RBI normally holds six bimonthly meetings when it discusses the money supply, inflation outlook, interest rates, and different macroeconomic factors.The repo rate was kept at 6.5 percent by the RBI in each of its last three meetings in April, June, and August. The interest rate at which the RBI loans money to other banks is known as the repo rate. The central bank may have slowed the key interest rate due to a relative drop in inflation, excepting the most recent jump, and the possibility of further decline. Many nations, especially mature economies, have concerns about inflation, but India has mainly been successful in controlling its trajectory. The RBI increased the repo rate by a total of 250 basis points to 6.5 percent since May 2022 in an effort to combat inflation, barring the most recent third consecutive halt. An weapon of monetary policy that normally works to reduce demand in the economy and lower inflation is raising interest rates. Due to an increase in the cost of food goods including wheat, rice, and vegetables like tomatoes, India's headline inflation rate increased to 7.8% in July before dropping to 6.8% in August. In the upcoming days, September inflation data is expected. [caption id="attachment_3617" align="alignnone" width="300"] RBI maintains status quo in policy rate, flags inflation concern[/caption]

Breaking News Business header National

Kapil, Huma, Hina summoned in betting app case after Ranbir

editor October 6, 2023

NEW DELHI: The Enforcement Directorate has summoned actors Huma Qureshi and Hina Khan as well as comedian Kapil Sharma in connection with its investigation into a case involving online betting. The investigation agency has summoned Kapil Sharma for attending the Mahadev Book app's success party in Dubai in September as well as Huma Qureshi and Hina Khan for alleged app marketing. Ranbir Kapoor, who had been served with a summons by the Enforcement Directorate in the same matter, asked the federal investigation agency for more time on Thursday so that he could show up in person. The Enforcement Directorate has not yet made up its mind about whether or not to give the actor two weeks. In relation to the ongoing investigation into the Mahadev internet betting case, the investigating agency is keeping an eye on a number of prominent Bollywood celebrities and singers. [caption id="attachment_3601" align="alignnone" width="300"] Kapil, Huma, Hina summoned in betting app case after Ranbir[/caption]

Business header Jammu and Kashmir National Political

JMC : 92800 street lights installed in Jammu Municipal limits

editor October 6, 2023

JAMMU: Street lights are being installed in two phases in each of the 75 wards under the authority of the Jammu Municipal Corporation. According to the JMC, the installation of 61300 street lights has been finished under phase I, and work is currently being done to install street lights under phase II. About 31500 of the 35130 street lights in phase II have been installed. According to the agreement made by the departments of housing and urban development, EESL, and power development, work is now being done on installation and commissioning. PDD is required by the agreement to make the entire infrastructure, i.e. EESL is needed to provide poles, phase wire, and related accessories for the installation of these street lights, as well as street lights of different wattages based on the demands of the area. The contract states that the JMC is in charge of managing and funding the maintenance of these street lights. The three parties' agreement states that the ESSL is in charge of providing the necessary street light accessories and of maintaining them for a term of seven years. The JMC is mandated by the contract to cover the cost of maintaining street lights, although it only does so for the 61300 finished street lights. [caption id="attachment_3594" align="alignnone" width="300"] JMC : 92800 street lights installed in Jammu Municipal limits[/caption]

Breaking News Business header Jammu and Kashmir National Political

Over 2.5 lac appointments made through backdoor by past regimes: CS

editor October 5, 2023

KUPWARA: In the Union Territory of J&K, over 2.50 lac employment were handed to undeserving individuals through backdoor ways, according to Chief Secretary Dr. Arun Kumar Mehta on Thursday. Speaking at a ceremony in Kupwara, north Kashmir, Chief Secretary Dr. Arun Kumar Mehta remarked, "I feel humiliated to say that over 2.50 lac undeserving persons had been offered government employment in J&K through illegal and backdoor tactics. He claimed that the current administration, which is being led by the lieutenant governor, is steadfast in its commitment to halt backdoor appointments and to give educated youth ways of earning a respectable living."Backdoor methods will not be used to provide employment. Poor children who were previously denied basic rights and employment would now have them, according to Mehta.He continued, "But I want to bring facts to the fore that 30,000 employment were offered to J&K youth in the previous three years. Some groups are circulating lies about the administration claiming it has ceased recruitment operations. He further stated that the days when government posts were awarded through nepotism and corruption and when the rights of the underprivileged were stolen were long behind. "Those who deserve government work will be accorded their rightful rights, while those who don't deserve should choose alternative sources of support. Going into business is preferable to working a daily wage job, Mehta concluded. [caption id="attachment_3586" align="alignnone" width="300"] Over 2.5 lac appointments made through backdoor by past regimes: CS[/caption]

Business header National Political

PM lays foundation stone of development projects in Jodhpur

editor October 5, 2023

RAJASTHAN: The foundation stone was laid and other development projects totaling over Rs 5,000 crore were dedicated by Prime Minister Narendra Modi on Thursday in Jodhpur, Rajasthan. Additionally, PM Modi launched two new train services in Rajasthan. These included the brand-new Runicha Express train that ran between Jaisalmer and Delhi and the brand-new heritage train that ran between Marwar Junction and Kambli Ghat. The Prime Minister also presented the nation with two more train projects. These included initiatives to double the lengths of the 58 km long "Degana-Kuchaman City" rail line and the 145 km long "Degana-Rai Ka Bagh" rail line.The slew of projects the Prime Minister inagurated today include a 350 bedded 'Trauma Centre and Critical Care Hospital Block at All India Institute of Medical Sciences in Jodhpur and…

Breaking News Business header Jammu and Kashmir National Political

Udhampur’s Kaladi and Basohli Pashmina get GI Tag

editor October 5, 2023

SRINAGAR: Congratulations are in order from Lieutenant Governor Manoj Sinha to the families, weavers, and producers of the Basohli Pashmina and Kaladi dairy products from Udhampur for receiving the Geographical Indication (GI) Tag. "A moment of pride for J&K. Basohli Pashmina & Udhampur Kaladi get Geographical Indication (GI) Tag," the Lt. Governor wrote in a tweet. It will raise the spirits of the families who produce the Kaladi dairy product and the weavers. Congratulations to the UT population. "My sincere gratitude to GoI, Association of Producers, NABARD, UT Department and all other stakeholders for their effort to further boost export and to secure the future of thousands of families associated with these two glorious cultural and heritage symbols of J&K UT," he wrote in a tweet. [caption id="attachment_3557" align="alignnone" width="300"] Udhampur's Kaladi and Basohli Pashmina get GI Tag[/caption]

Business header National

Reliance Brands to acquire majority stake in Superdry IP for Indian territory

editor October 4, 2023

Mumbai , October 4 : Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new…

Business header Jammu and Kashmir National Political

LG participates in One Hour of citizen-led shramdaan for Swachhata at Dal Lake

editor October 2, 2023

SRINAGAR: Today, Lieutenant Governor Manoj Sinha oversaw the cleaning and weeding effort at Dal Lake as part of the One Hour of Citizen-Led Shramdaan for Swachhata programme. He joined the enormous group of people from all walks of life who had assembled to pay Mahatma Gandhi' swachhanjali'. "Our experiences in life are shaped by how we see our surroundings. Happiness, joy, and success all result from cleanliness. It is the entrance to get the closest to God. I'm glad to see that society is beginning to value cleanliness, and garbage-free towns and cities are now a reality rather than just a pipe dream, the lieutenant governor remarked.The Lt. Governor urged the populace to work together and contribute to the realisation of the goal of a "Garbage-Free India." Under the leadership of Prime Minister Narendra Modi, the "Swachhata Hi Seva" Campaign has developed into a Jan-Andolan in the UT of J&K. It is our joint responsibility to protect our environment, our lakes & rivers and create awareness on cleanliness, the Lt Governor stated. He said the Swachh revolution across J&K is also providing new livelihood opportunities, creates more revenues and enhances the quality of life, and emphasised the commitment of the UT Administration to strengthen the Swachhata movement in the UT.The ODF PLUS status for 100% of the villages in J&K under the "Model" category was achieved, and the Lt Governor thanked the people and the government on this achievement at the UT-level event. This historic achievement, he noted, underscores our shared commitment to creating dream villages that are full of new potential and possibilities. The Swachhata Pledge was given to the officials and public by the Lt. Governor. He took part in the Char Chinar cleanup effort and also signalled the fleet of shikaras to go. The Lt Governor engaged with youngsters at Golden Island in Dal Lake and exhorted them to become "Swachhagrahis." The Shramdaan featured participation from high officials and notable figures from several sectors, including Dr. Arun Kumar Mehta, Chief Secretary, Rajeev Rai Bhatnagar, Lt. Governor's Advisor, and SMC Mayor Junaid Azim Mattu. [caption id="attachment_3436" align="alignnone" width="300"] LG participates in One Hour of citizen-led shramdaan for Swachhata at Dal Lake[/caption]

Breaking News Business Health National

ATF price increased by 5 percent, commercial LPG by Rs 209

editor October 1, 2023

NEW DELHI, Oct 1: On Sunday, the price of jet fuel, or ATF, was increased by 5%, marking the fourth consecutive monthly increase since July. In addition, the cost of commercial cooking gas, or LPG, was sharply increased by Rs 209 per 19-kg cylinder, in keeping with the firming up of international benchmarks. However, the cost of residential LPG, which is used to cook in domestic kitchens, remained constant at Rs 903 per 14.2-kg cylinder. According to a price statement from state-owned fuel dealers, the price of aviation turbine fuel (ATF) increased by Rs 5,779.84 per kilolitre, or 5.1%, in the national capital to Rs 118,199.17 per kl from Rs 112,419.33.The hike follows the largest increase ever of 14.1% (Rs 13,911.07 per kilo) on September 1 and an increase of 8.5% (Rs 7,728.07 per kilo) on August 1. The burden on already struggling airlines will grow as a result of the fourth consecutive increase in jet fuel prices, which account for 40% of an airline's operating expenses. ATF price increased by 1.65% or Rs 1,476.79 per litre on July 1. ATF prices have increased by a record Rs 29,391.08 per kiloliter in just four rises.In addition, oil companies increased the cost of commercial LPG, which is used in places like hotels and restaurants, by Rs 209. In the national capital and Mumbai, a 19-kg commercial LPG cylinder will now set you back Rs 1,731.50 and Rs 1,684, respectively. The hike partially offsets the price reductions of Rs. 100 from August 1 and Rs. 157.5 per cylinder for commercial LPG that were implemented on September 1. The benchmark for LPG pricing, the Saudi contract price (CP), has climbed as a result of the recent firming trend in crude oil prices brought on by supply concerns.Oil firms did not alter the price of 14.2-kg cylinders after cutting residential LPG rates on August 30 by Rs 200 per 14.2-kg cylinder. The prices of cooking gas and ATF are revised by the state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) on the first of every month based on the monthly average international price. For an unprecedented 18th consecutive month, the price of petrol and diesel remained frozen. In the nation's capital, a litre of petrol costs Rs 96.72 and a litre of diesel costs Rs 89.62.Since April 6, 2022, state-owned gasoline retailers have not updated their daily petrol and diesel prices, which are based on a 15-day rolling average of benchmark international fuel prices. The last time prices changed was on May 22, when the government reduced excise duty to provide customers with relief from a jump in retail prices that accompanied a rise in global oil prices. (Agencies) [caption id="attachment_3414" align="alignnone" width="300"] ATF price increased by 5 percent, commercial LPG by Rs 209[/caption]

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