BUSINESS

JK Bank Managing Director & CEO Baldev Prakash today rolled out the scaling up of Gold Loan Scheme under the slogan “Cash in Need, Gold Indeed” to 150 designated branches in an event held at the Bank’s corporate headquarters. The launch event was attended by Bank’s General Managers, Deputy General Managers and other senior officials. The scale-up will see 152 designated J&K branches extending easy , economical and speedy loan facility to customers simply after pledging their Gold Ornaments and Jewellery. The bank offers concession of 50 bps (1/2 percentage point) to women borrowers under the revised scheme which has been aligned with the requirements of borrowers at competitive pricing. While commending the concerned department for devising a customer friendly scheme, MD &...

Jammu Kashmir’s Lieutenant Governor Manoj Sinha Friday said that 3.65 pilgrims performed the annual pilgrimage of Amarnath this year and the figure is the highest in the past five years. “The annual pilgrimage has concluded with the Samapan Pooja of Chadi Mubarak. In total, 3.65 pilgrims performed darshan at the cave shrine of Amarnath. The figure is highest in the past five years,” Sinha said addressing a press conference here, as per news agency—Kashmir News Observer (KNO). He said that due to the cloudburst, yatra remained suspended for three days and due to the efforts of security forces, NDRF and SDRF ensured early resumption of the pilgrimage. The LG said that pilgrims from all over India came to the cave shrine and performed darsh of Shiv Lingum. Sinha said that during the ...

Union Minister of State for Home Nityanand Rai said in the Rajya Sabha on Wednesday said that an estimated 1.06 crore tourists have visited Jammu Kashmir from January to July 3 this year. Nityanand Rai while replying to a written question in the Rajya Sabha said during the current calendar year i.e. from January 2022 till July 3, 2022, the tourist footfall in UT of Jammu and Kashmir increased significantly and estimated to be around 1,06,24,000. He said 75 offbeat destinations have been identified for tourism across Jammu and Kashmir. "In order to attract private investors from across the country to invest in tourism infrastructure, the Jammu and Kashmir Tourism Policy, 2020, has been notified and tourism given the status of industry to encourage investment, he said. He also sa...

CEO OYO India, Ankit Gupta accompanied by Siddhartha Dasgupta, President, Corporate Affairs, OYO called on Lieutenant Governor Manoj Sinha at Raj Bhavan. The CEO apprised the Lt Governor about the progress made towards building 200 homestays to create rural livelihoods in J&K under project “Crown of Incredible India” by the leading travel tech platform OYO Hotels and Homestays in collaboration with the admin. The CEO also briefed the Lt Governor on the programme to train homestay owners across J&K on earning opportunities by enhancing guest experience and efficiently operating their property, besides creating awareness on homestays using social media and marketing platforms. It was informed that 75 homestays are ready to be inaugurated before August 15, celebrating 75 year...

As the unemployment rate in Jammu Kashmir is rising at an alarming rate, two highly qualified youth from Dooru area of Anantnag have started a small business venture by selling food items on a Mobile Van. The duo have named Mobile Van as “Chai Daam”. As per news agency—Kashmir News Observer (KNO), Aqib Hamid Dar, PhD in Mathematics and Mohammed Iqbal Itoo M Phill M.Ed have started selling food items including tea, biryani and other things on a mobile van near Sub-district hospital on which a big board titled "Chai Daam" is displayed. Aqib, while talking to KNO said that he has completed his PhD in Mathematics recently and tried his luck by appearing in several exams but failed to qualify. “In order to earn livelihood, one has to do something. So I along with my friend started sell...

Vice Chairperson (VC) Khadi and Villages Industries Board, Dr Hina Shafi Bhat Monday said that they have established 35,184 Khadi units in the last three years in Kashmir. While speaking to Kashmir News Service (KNS), she said that they have established 35,184 Khadi units since three years in which 748 crores subsidy was released. "It has also generated employment for about three lakh people," she said. "Women have been given equal share in these units and they are running their units smoothly, "she said, adding that these schemes are targetless in Jammu and Kashmir, so people should take advantage of them. She further said that the Khadi units are being run by youth successfully and positively in J&K. "Jammu Kashmir art culture is known not only in the whole country but al...

The Jammu Kashmir administration signed a memorandum of understanding with the Government of Sikkim for saffron cultivation in Sikkim. According to media reports, Sikkim Governor Ganga Prasad in his address mentioned that the signing of the agreement would open new doors of opportunities and possibilities for saffron cultivation in Sikkim. He advised undertaking comprehensive research work and productive measures in achieving expectations of Kesar cultivation in Sikkim. The agreement was signed in the presence of Lieutenant Governor of J&K, Manoj Sinha and Governor of Sikkim, Ganga Prasad at the Civil Secretariat today. LG Sinha stated that favourable Kesar climatic regions like Lachung in Sikkim would be blessed with the fragrance of Kesar, like Pampore in Jammu and Kashmi...

Fruit growers and dealers of north Kashmir on Saturday held a peaceful protest at Fruit Mandi Sopore over the stoppage of fruit-laden trucks along the Srinagar-Jammu National Highway in view of the Amarnath Yatra. Watch Video https://www.youtube.com/watch?v=HBrMOj8p0kA Fruit growers and dealers held a peaceful protest and urged the LG administration to allow smooth passage of fruit-laden trucks on the national highway. They said that they have already suffered huge losses over the past several years and now they have to face more losses if fresh fruit-laden trucks are not allowed smooth passage along the highway. "We welcome Amarnath pilgrims but they should not be made to suffer at the cost of yatra," the said. They added that they have been in touch with the administration...

Scores of shopkeepers Wednesday appealed to LG Government to reconsider their decision of closed down their shops in Pantha Chowk area of Srinagar outskirts till the end of Shri Amarnath Yatra. Shopkeepers mostly dealing with spare parts business assembled in Press Enclave Srinagar and registered a protest against the decision to bar them from opening shops in wake of Shri Amarnath Yatra. ALSO READ: ‘No order to shut down shops anywhere in Srinagar’, SSP Srinagar refutes claims of Shopkeepers The 43-day pilgrimage to the cave shrine will begin from twin base camps in Kashmir on Thursday (June 30) and will conclude on August 11. “We have been directed to close our shops for 40 days. It is injustice. Our families will starve. We are already economically weak,” one of the protesting s...