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Focus will be on consolidating fiscal management initiatives, reforms:  Dr Drabu

FM holds pre-budget consultations with Jammu Inc Asks biz community to get acclimatized to GST regime JAMMU, DECEMBER 16:Minister for Finance, Dr Haseeb Drabu today said the Government would focus on consolidating the fiscal management initiatives outlined in the previous budget and setting off new reformative measures to ensure effective utilization of the resources. The Finance Minister was speaking during ... Read More »

Demonetization: ‘How we are going to sell the utopian dream to people? Qustions Omar

Srinagar, Dec 8, CNS: Criticising demonetization, former Jammu and Kashmir Chief Minister Omar Abdullah Thursday said it had not only deprived people access to their money but now they are also being denied freedom of spending at places of their choice. “So not only do we not have the freedom to access our money, we are also being told where ... Read More »

We welcome Hurriyat’s statement on tourists: TAAK

‘Tour Operators ready to serve tourists’ Srinagar, Dec 07 (KNS): Appreciating the statement by Joint Resistance Camp in which it has invited tourists to visit Kashmir, Travel Agents Association of Kashmir (TAAK) Wednesday called it a major development for the people associated with tourism and trade, adding, it is something they have been desperately waiting for. It will send an ... Read More »

Kerosene dealers aghast over reduction in monthly quota

“Union Govt leaving kerosene retailers to starvation” Srinagar, Nov 28 (KNS): Kashmir Valley Retailer Kerosene Dealers (KVRKD) on Monday said that the union government has reduced the monthly Kerosene quota for Kashmir to 28 lakh liters, which came as shock to them. Addressing a presser here, the association said that since 2014, the union government is being reducing the monthly ... Read More »

Withdraw cash from over 120,000 outlets across the country with Vodafone M-Pesa

Digitally load your M-Pesa wallet and withdraw cash from your nearest outlet Srinagar, Nov 24: Vodafone India, committed to supporting the Government’s bold step to accelerate India’s progress into a less cash economy, today announced a unique cash out facility for its 8.4 million plus Vodafone M-Pesa customers who can withdraw cash using their digital wallet from any of the ... Read More »

Too big, too small unacceptable; No takers for Rs. 2000, Rs. 20 currency notes

Shortage of Rs. 100, 50 currency notes irks customers Srinagar, Nov 22 (KNS): Exchange of newly launched Rs. 2000 currency notes is flatly denied by the shopkeepers in absence of Rs. 500 currency notes and the shortage of Rs.100 currency notes has added to the complications of the people across Kashmir. A shopkeeper told this KNS correspondent “exchange of Rs. ... Read More »

KTMF delegation calls upon JK Bank Chairman

Bank will extend system driven flexibility in restructuring of loans – Parvez Ahmed Srinagar, Nov 21, CNS: People of the state along with their trade and economy remain our fundamental strength as a bank and we remain committed to support them and their development in every possible way within the prescribed framework of regulations. Regarding the re-structuring of loan accounts ... Read More »

Pragati Maidan Trade Fair: Demonetization hits Kashmiri traders

  ‘We were not provided stalls’ New Delhi, Nov 19, CNS:While some Kashmiri traders alleged that Jammu Kashmir Handicrafts Department didn’t provide them stalls at Pragati Maidan New Delhi others are claiming that demonetization has badly hit their business as there are no crowds and no cash.       India International Trade Fair started in Pragati Maidan New Delhi few days ... Read More »

All liabilities pending for last 7-10 years to be cleared by 31st March 2017: Drabu

“Allocations, lapses, diversions won’t be allowed” Srinagar, Nov 19 (KNS): The State government is set to clear all liabilities pending disposal before several departments latest by 31st march this year. The total liabilities pending disposal before several departments excluding power sector are about 3, 200 crores. Talking to KNS Finance Minister Dr. Haseeb Drabu confirmed that the liabilities pending disposal ... Read More »

‘Half baked proposal reason for rejection’ Srinagar, Nov 17 (KNS): In a setback to the loanees of Kashmir valley, who could not recycle their accounts due to the unrest, The Reserve Bank of India has rejected the proposal for restructuring of stressed loans, sent by State Level Bankers Committee. Top sources told KNS that the communication was sent to Jammu ... Read More »