Biz and Economy

 Bilal Ahmad

Fruit traders stage protest at Fruit Mandi Sopore

Fruit traders stage protest at Fruit Mandi Sopore

Allege that supply trucks are halted unnecessarily along highway

Sopore: Scores of traders from Fruit Mandi Sopore staged a protest at Asia’s second largest Fruit Mandi in north Kashmir’s against the authorities for allegedly stopping their fruit-laden trucks along the Srinagar-Jammu highway. The protesters alleged that they are suffering huge losses due to the alleged stoppage of fruit laden trucks along the highway. The […]

 KV News

JK Bank posts Rs 50 Cr as half-yearly profit

JK Bank posts Rs 50 Cr as half-yearly profit

Net NPAs down to 3.03 %, Advances in JK up by 15 % ,Q2 results reflect trend of turn-around: CMD

Srinagar: J&K Bank posted a net profit of Rs 43.93 Cr for the second quarter (Q2), of the current financial year (CFY), ended September, 2020.The bank announced its reviewed financial results for the Q2 and H1 of CFY today after its Board-of-Directors approved the quarterly and half-yearly numbers during a meeting held in Jammu. For […]

 Press Trust of India

SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SC

SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SC

New Delhi: In a relief to banks and financial institutions (FIs), the Supreme Court Thursday held that a provision of the SARFAESI Act empowering District Magistrates to take possession of secured assets of defaulting borrowers within 60 days period for handing them over to the lending FIs was directory and not mandatory in nature as […]

 KV News

Hyundai launches all-new i20

Srinagar: Arise Hyundai Launches the most awaited blockbuster of 2020 – The All-New i20, a company spokesman said here. The unveiling was done by Mohammad Sidiq Beigh and Mohammad Ismail Beigh guest Of honour on the occasion, Shakeel Beigh and Barik Beigh, the spokesman added. He said that all managing directors of Arise Hyundai Sajad […]

 KV News

Govt committed towards youth oriented policies, entrepreneurship: Advisor Baseer Khan

Govt committed towards youth oriented policies, entrepreneurship: Advisor Baseer Khan

SRINAGAR: Advisor to Lieutenant Governor, Baseer Ahmad Khan Tuesday said that government is committed towards youth oriented policies and the promotion of entrepreneurship. He made these remarks while presiding over the cheque distribution ceremony at the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) Pampore. As many as 141 aspiring entrepreneurs received funding under various schemes […]

 KV News

Progress of tourism projects under PMDP reviewed

SRINAGAR: Advisor to Lieutenant Governor, Baseer Ahmad Khan (BK) Tuesday chaired a meeting to review the progress of various projects of the tourism department under Prime Minister’s Development Package (PMDP) in Jammu and Kashmir at SKICC here. Secretary, Tourism and Culture Sarmad Hafeez presented a detailed overview of the various completed and ongoing projects of […]

 KV News

Union Minister, Jal Shakti reviews progress of Jal Jeevan Mission

Chief Ministers, LGs participate in the meet

SRINAGAR: Union Minister of Jal Shakti, Gajendra Singh Shekhawat today held a virtual conference with Chief Ministers, Lieutenant Governors and representatives of States and Union Territories to review the progress of implementation of Jal Jeevan Mission across the country. This Conference was organised to discuss various issues i.e., planning, implementation and progress made so far […]

 KV News

Mutton rate fixed at Rs 480 per Kg across Kashmir

Mutton rate fixed at Rs 480 per Kg across Kashmir

SRINAGAR: Government on Monday announced the rates of mutton in Kashmir valley, an official spokesman said here. He said that Divisional Commissioner, Kashmir Pandurang K Pole chaired a meeting of Rate Fixation Committee and fixed rates of mutton at Rs 480 (retail) and Rs 450 as (wholesale) rates in Kashmir. At the outset, the Div […]

 Press Trust of India

Slump in economy: NPAs delaying recovery, say Ex-RBI governors

Mumbai: Domestic banks, which have the highest bad loan pile in the world, pose a huge risk to the recovery of the pandemic-ravaged economy unless the government rescues them, four former Reserve Bank governors warn in a soon-to-be-released book. While Raghuram Rajan blames excessive investments by companies and the exuberance of bankers, coupled with inability […]

 KV News

LMD books 205 erring traders

LMD books 205 erring traders

SRINAGAR: The field executives of the Legal Metrology department has conducted 2605 market inspections, booked 205 erring traders and penalized for violating Legal Metrology Laws during the month of October, 2020. During the inspections, a sum of Rs. 65,200 was recovered from the erring traders including grocery-shops, vegetable-sellers, mutton-sellers, poultry-sellers etc. And in addition to […]