BUSINESS

Petrol and diesel prices were hiked by 80 paise a litre each today, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material. Petrol in Delhi will now cost ₹ 98.61 per litre as against ₹ 97.81 previously while diesel rates have gone up from ₹ 89.07 per litre to ₹ 89.87, according to a price notification of state fuel retailers. All the four increases since the ending of a four-and-half-month long hiatus in rate revision on March 22, have been of 80 paise a litre. These increase increases are the steepest single-day rise since the daily price revision was started in June 2017. In four increases, petrol and diesel prices have gone up by ₹ 3.20 a litre. Prices had been on a freeze since November 4 ahead of the assembly elections in sta...

Addresses Gulf Countries Investment Summit at SKICC; Says investors ready to invest in Hospitality, Agriculture, Cold Storage, Food Processing, Health & Medical Education sectors; J&K going through massive transformative stage; Rawalpora, Peerbagh areas of Sgr to get round the clock power supply after through smart meters Jammu and Kashmir Lieutenant Governor Manoj Sinha Tuesday said that so far the UT administration has received investment proposals worth Rs 27000 Crore for which the land has been already allotted while in the next six months, the government expects Rs 70,000 Crore outside investment. LG Sinha stated this while speaking to media men after addressing Gulf Countries Investment Summit at SKICC on the banks of famous Dal Lake here. “Today, we have investors from G...

Domestic cooking gas (or LPG) price was hiked by ₹ 50 per cylinder on Tuesday, according to media reports. A 14.2-kg non-subsidized LPG cylinder will now cost ₹ 1065 in Srinagar, ₹ 949.50 in Delhi, marking the first increase in LPG rates since early October. The 19-kg commercial cylinder now costs ₹ 2003.50.

Jammu Kashmir administration is all set to host a delegation from the Gulf countries at Srinagar to strengthen ties and look at the investment opportunities in the region starting on Sunday, March 20. As part of the four-day programme, Manoj Sinha, Lieutenant Governor of Jammu Kashmir along with the Principal Secretary Industries and Commerce and other government officials will be showcasing investment opportunities with a focus on entrepreneurship, tourism and hospitality sector. The visit follows shortly after the resounding success of the “Jammu Kashmir Week” at the Dubai expo led by LG Manoj Sinha where he had extended invitations personally to the visiting officials. "The admin is aiming to attract new investments in industries and tourism by highlighting key opportunities an...

The government on Saturday said that the tourism is being promoted at highest level to give a boost to Kashmir's economy and also provide employment to the local youth. Talking to the media persons, Director Tourism, G N Itoo, as per the news agency—Kashmir News Observer (KNO) said that the department has started promoting all the seasons in Kashmir and it is for the first time that spring season is being promoted here.buy citalopram online buy citalopram generic “After making efforts on the ground, Kashmir has recorded increase in the footfall of tourists here from last year,” he said, adding that the efforts are on to make tourists knowledgeable that every season is special in Kashmir. He added that the department will celebrate all the seasons to woo the tourists and ensure fu...

Hailing from a nearby village Hajipora Herman, located at a distance of 15 Kms from District headquarter Shopian, Afroza Jan could not continue her studies after secondary school due to some economic constraints. Afroza had a desire to support her family financially to overcome the economic crisis that her family was going through and in this process she came to know about Rural Self Employment Training Institute (RSETI) Shopian, run by the J&K Bank, through Print and Social Media. Without wasting time she immediately got herself enrolled for Women Tailoring Training programme in the year 2018 with an objective to learn the skills of tailoring. After completing the training course successfully from RSETI Shopian, Afroza hired a room on rent basis and established a Cutting and Tai...

The price of LPG, used by hotels and other commercial establishments, was on Tuesday hiked by Rs 105 to its second-highest level but rates of subsidized gas sold to households remained on freeze. The price of a 19-kg commercial cylinder has been hiked to Rs 2,012 from Rs 1,907, according to price notification from state-owned fuel retailers. This is the second-highest rate, after Rs 2,101 per cylinder in December 2021. LPG rates are revised on the 1st of every month based on the price of benchmark fuel in the previous month. However, the price of domestic cooking gas LPG, sold to households, has not been changed since October when it rose to Rs 899.50 per 14.2-kg cylinder. The hiatus in those rates came after criticism from the Opposition over prices being hiked by Rs 90 in ...

Advisor to Lieutenant Governor, Farooq Khan, on the occasion of “7thTechnology cum Seed Sale Mela” organized by SKUAST-K, distributed superior quality willow saplings being used for the manufacture of cricket bats among the beneficiaries associated with Sethar cricket bat cluster. Vice-Chancellor, SKUAST-K, Dr Nazir Ahmed, Divisional Commissioner Kashmir, PK Pole and various Deans and Head of Departments were present on the occasion. On the occasion, Director Industries and Commerce Kashmir, Mehmood Ahmed Shah, said that under the World Bank-funded Jhelum Tawi Flood Recovery Project (JTFRP), the Faculty of Forestry SKUAST Kashmir has been engaged for the identification and propagation of best quality willow (Salix Alba varcaerulea) being used for the manufacture of the cricket bat. ...

NSE International Exchange (NSE IFSC), a wholly-owned subsidiary of the National Stock Exchange of India Ltd (NSE), in association with HDFC Bank, has launched trading in India’s first Unsponsored Depository Receipts (NSE IFSC Receipts) under the regulatory sandbox framework prescribed by the IFSCA, which will offer Indian retail investors an opportunity to invest in the US Stocks, listed on exchanges like NYSE and NASDAQ, in an easy and affordable way. Following this launch, Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalized Remittance Scheme (LRS) prescribed by the Reserve Bank of India. HDFC Bank’s IFSC Banking Unit in the GIFT City (HDFC Bank-IBU) in its role of NSE IFSC Receipts Custodian to this newly launched UDR program will be iss...

A Team of Ladakh, Jammu Kashmir Economic Growth and Development Dialogue (LJK-LEAD) led by its Director Sunil Shah visited the Jammu Chamber of Commerce and Industries (CCI) House here today. In a press release issued to the press, LJK LEAD said, they interacted with the members of Jammu CCI taking stock of the problems being faced by them. Arun Gupta, President of Jammu Chamber of Commerce and Industries presented the welcome address on the occasion. He highlighted the main issues and problems and issues of the traders and industrialists of Jammu Kashmir especially due to the setback received due to lockdown and other restrictions during the Covid-19 pandemic. He said industrialists are facing a huge economic crisis with a lot of concerns already closed besides others on the v...