COVID-19: J&K Bank donates Rs 5 cr towards JK Relief Fund
Lt Governor asks CMD to implement RBI guidelines
JAMMU: Chairman and MD J&K Bank, RK Chibber Saturday presented a cheque of Rs 5 crores to the Lieutenant Governor, Girish Chandra Murmu as a contribution to J&K Relief Fund towards the efforts being undertaken to mitigate the spread of COVID-19. BVR Subrahmanyam, Chief Secretary, Arun Kumar Mehta, Financial Commissioner, Finance Department, Bipul Pathak, Principal […]
RBI guv urges people not resort to panic buying; says Indian banking system is safe
Mumbai: Allaying depositors’ concerns, RBI Governor Shaktikanta Das on Friday asserted there Indian banking system is safe, and termed linking banks’ share prices to safety of deposits as “fallacious” thinking. The comments, which came after a massive correction in banking stocks following the Yes Bank crisis and coronavirus outbreak, also urged depositors not to resort […]
Slashed interest rate needs quick transmission: FM
New Delhi: Finance Minister Nirmala Sitharaman on Friday asked banks for “quick transmission” of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points to boost liquidity in financial system to deal with the COVID-19 pandemic. In a tweet, the Finance Minister also welcomed RBI Governor Shaktikanta Das’ statement […]
Pak seeks USD 3.7 bln loan as coronavirus cases cross 1,100
Islamabad: Pakistan has sought USD 3.7 billion additional loan from three multilateral creditors to cope with the economic crisis being posed by the coronavirus outbreak, as the pandemic spread further in the country, infecting over 1,100 people and killing eight so far. In addition to USD 1.4 billion loan from the IMF, the World Bank […]
Corona-effect: Ahead of its opening Tulip garden closed in Kashmir
Srinagar: At a time when Kashmir was all set to showcase the beauty of Asia’s largest Tulip garden overlooking famous Dal Lake in Srinagar where 13 lakh tulips were on a display for guests from March 25 onwards, the deadly Covid-19 played spoil-sport forcing the closure of the garden. The closure of garden has not […]
Rajya Sabha approves Rs 1-lakh crore budget for JK for FY’21
New Delhi: Rajya Sabha on Monday approved the bill for the budget of Rs 1-lakh crore for the Union Territory of Jammu and Kashmir for 2020-21. After approval, the bill was returned to Lok Sabha. It also approved and returned to Lok Sabha another bill for the budget of Ladakh, as required under rules for […]
Coronavirus decimates tourism industry in Kashmir
Srinagar: Tourism industry in Kashmir valley is staring at a rough phase this year as advance bookings and queries have decreased significantly due to corona virus scare. Tourism operators in Kashmir valley have kept fingers crossed expecting this scare to ward off in March itself, so that they could expect better tourist arrivals in late […]
August 5 clampdown has devastated JK’s economy: Congress
New Delhi: Targeting the government over restrictions imposed in Jammu and Kashmir since August last year, the Congress on Wednesday said the economy of the region has collapsed due to the measures and demanded immediate release of former chief ministers Mehbooba Mufti and Omar Abdullah. Initiating a discussion on the budgetary proposals and demand for […]
JK budget hollow, falls short of people’s expectations: Congress
Jammu: Describing the budget for Jammu and Kashmir as hollow, the Congress on Wednesday said it falls short of people’s expectations in view of the unprecedented situation and changes in the aftermath of revocation of special status and bifurcation of the erstwhile state into two Union Territories. The Centre on Tuesday presented a Rs 1 […]
JK gets over Rs 1 lakh crore as budget for FY’21
New Delhi: The Centre on Tuesday presented a Rs 1-lakh crore Budget for Jammu and Kashmir for 2020-21, and said the “highest ever” allocations reflect its commitment to make the Union Territory “a model of development”. The government also presented a separate expenditure plan of Rs 55,317.81 crore for the last five months of the […]