Biz and Economy

 Press Trust of India

Aadhaar authentication for withdrawing subsidy to continue: UIDAI

Aadhaar authentication for withdrawing subsidy to continue: UIDAI

NEW DELHI: Aadhaar-issuing authority UIDAI said that beneficiaries can continue to withdraw LPG subsidy and other government payments using Aadhaar authentication from micro-ATMs at their doorstep. Legal opinion on the Supreme Court verdict that restricted the use of the national biometric ID Aadhaar has stated that banks can continue with Aadhaar Enabled Payment System (AEPS) […]

 Press Trust of India

Oil companies cut petrol, diesel prices marginally

Oil companies cut petrol, diesel prices marginally

New Delhi: Petrol and diesel prices Thursday were reduced for the first time in over two months because of a drop in the cost of production, according to state-owned oil firms. Petrol price was cut by 21 paise per litre and diesel by 11 paise, a price notification issued by state retailers said. This is […]

 KV Network

Guv lauds J&K Bank for its vibrant fin ecosystem

Guv lauds J&K Bank for its vibrant fin ecosystem

Srinagar: Appreciating the J&K Bank’s role in creating a vibrant financial ecosystem across the state that keeps on empowering the people of all sections of the society, Governor Satya Pal Malik on Wednesday said “Today is going to be historic in another way as well. For, responding to my request of looking into the adjustment […]

 KV Network

Governor e-inaugurates 41 J&K Bank Ultra Small Branches, multiple CSR initiatives

Governor e-inaugurates 41 J&K Bank Ultra Small Branches, multiple CSR initiatives

Thanks Chairman, Bank's Board for absorbing 582 Banking Associates

Srinagar, Oct 17: Inauguration of 35 Ultra Small Branches by J&K Bank to connect 111 remote and unbanked villages of Leh Ladakh is a great step towards facilitating the people of these areas. Not only will the people avail the different banking services through these outlets but will witness steady development in their economy as well. […]

 KV Network

SAC nods re-structuring of Commercial Taxes Department

SAC nods re-structuring of Commercial Taxes Department

SRINAGAR: The State Administrative Council (SAC), which met here today under the chairmanship of Governor, Satya Pal Malik approved the re-organization of the Commercial Taxes Department with a view to bringing its functioning in tune with the requirements of the GST legislation and to improve its efficiency in tax administration. The SAC approved renaming of […]

 KV Network

J&K Bank ups its profit to 146 Cr

J&K Bank ups its profit to 146 Cr

Srinagar: The J&K Bank has reported a 44% increase in its net profit to Rs 146.34 Cr for the half year ended 30th September 2018 after the reviewed results of the Bank were adopted by the Board of Directors in the meeting held at the Bank’s Corporate Headquarters. The Bank had posted a net profit […]

 KV Network

J&K Bank adopts Saddal village for its socio economic upliftment

J&K Bank adopts Saddal village for its socio economic upliftment

Srinagar: J&K Bank has announced to adopt Saddal village, a remote area falling in block Panchari of district Udhampur.  The bank is rolling out financial inclusion programme and making innovative interventions for generating livelihood opportunities in the Saddal village, The basic aim of the initiative is to pull the villagers out of the economic backwardness. In […]

 KV Network

JK Bank, HIAL ink MoU

JK Bank, HIAL ink MoU

Srinagar: J&K Bank and Himalayan Institute of Alternatives, Ladakh (HIAL),  have entered into a memorandum of understanding (MoU) today to support potential innovators and entrepreneurs in Ladakh and nurture technology-based ideas into independent self-sustaining businesses. HIAL is promoted by globally renowned innovator Sonam Wangchuk. J&K Bank President, Chetan Paljor and Ms Gitanjali JB, founding member […]

 KV Network

JK facing crunch of skilled labour, says Advisor Ganai

JK facing crunch of skilled labour, says Advisor Ganai

Srinagar: Highlighting the need to upscale skill training programme in the State, Advisor to Governor, Khurshid Ahmed Ganai today said in contemporary world skilled youth serves as the “backbone” to develop a strong nation. Giving an example of the future waiting for skilled labour, the Ganai recalled that recently in a seminar, State’s leading hotelier […]

 Press Trust of India

Two Kashmir based companies ‘probed’ for tax evasion

Two Kashmir based companies ‘probed’ for tax evasion

Srinagar: The Income Tax Department Thursday carried out surveys against two business houses in the militancy-hit areas of the Kashmir Valley for alleged tax evasion running into crores of rupees, officials said. They said tax sleuths from income tax offices in Chandigarh and Rajasthan were flown in here for carrying out the surprise checks, an […]

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