BUSINESS

After an increase of ₹ 1324.5 in its cost over the past two years, the price for a commercial LPG cylinder has been reduced by Rs 135 with immediate effect from today. This reduction on Wednesday has brought down the price of 19 KG LPG commercial cylinder in Delhi will now cost Rs 2219. As per news agency ANI, prior to the reduction in costs on Wednesday, the commercial LPG cylinder was priced at Rs 2454 in Kolkata, Rs 2306 in Mumbai, and Rs 2507 in Chennai. After the respite, the rate for a commercial LPG cylinder in Kolkata is now Rs 2322, Rs 2171.50 in Mumbai, and Rs 2373 in Chennai. This reduction in price is only valid for commercial ones, and not the domestic LPG cylinders. In Delhi, the 19 kilogram LPG cylinder cost 1029.5 ₹ in May 2020. The latest hike in the prices came o...

Shoppers in Anantnag have been mandated by the local administration to keep their shops shut once a week. According to an order by Assistant Labour Commissioner Anantnag, accessed by The Kashmiriyat, the shoppers in the south Kashmir district to close their Shop/Establishment on Sundays or Fridays. "The owners of shop/establishment who have opted Sunday as weekly close day are hereby directed to keep their shop/establishment close on Sundays and similarly the owners who have opted Friday as s close day shall remain closed on Fridays, anybody violates this order shall be dealt as per law," the official order read.    

The costumers of Jammu Kashmir Bank were on Tuesday put to a lot of inconveniences after services went down once again across the Kashmir Valley on Sunday. Reports reaching Kashmir News Service (KNS) said that J&K Bank services including ATM and mPay services were down since early morning today, thereby putting costumers into a lot inconveniences. They said that the services were down at most places and costumers had to face lot of difficulties while withdrawing cash and do any online transactions. “Even as money was deducted from our accounts, but we were unable to collect the cash from the ATM. Same is the case with mPay service as it is also not working since morning, thereby leaving customers high and dry,” said Manzoor Ahmad from Srinagar. The customers said that bank ...

Jammu Kashmir administration ordered a comprehensive restructuring of the government departments dealing with various sub sectors of the agriculture sector. According to a press release, the administration has created a restructured Agriculture Production Department by merging the three existing line departments namely Agriculture Production and Farmers Welfare, Animal, Sheep Husbandry & Fisheries and Horticulture. “[This step] is likely to synergize efforts of government in achieving the target of doubling farm income, set by the Prime Minister. The restructuring shall ensure that all schemes for welfare of the population engaged in these sectors are available under one umbrella in a single department. The benefits of various schemes available in these sectors can be converged a...

In the ensuing month of Ramadhan, Kashmir is consuming at least 100 trucks of watermelon per day at the cost of Rs 5 crore. Talking to the news agency—Kashmir News Observer (KNO), Bashir Ahmad Bashir president of Fruit and Vegetable Association Kashmir said that a week ago, they were receiving a supply of 50 to 60 trucks of watermelon from various states of India but the demand went up and has exceeded 100 trucks as of now. “Every vehicle contains 15 to 20-ton watermelon. In the next few weeks, we expect that number of vehicles will reach 200-250,” he said. “Product is coming from Madya Pradesh and Gujarat. The produce is yet to come from Punjab and other states.” The rates are coming down with each passing day, he said. “People associated with watermelon trade and business are ea...

The Government of India has announced a 10.7 percent increase in the Wholesale Price Index (WPI) for the calendar year 2021 over the corresponding period in 2020. The prices of nearly 800 scheduled medicines on the National List of Essential Medicines, which are used to treat the majority of common ailments, will rise by 10.7 percent starting from April 1, 2022, PTI reported. "Based on the WPI data provided by the office of the Economic Advisor, Ministry of Commerce and Industry, the annual change in WPI works out as 10.76607% during the calendar year 2021 over the corresponding period in 2020," the NPPA notice said. Now the prices of medicines used to treat fever, infections, heart diseases, high blood pressure, skin diseases and anemia will increase. This includes drugs like Par...

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.