Business & Economy

 INS Web Desk

Tourism Deptt promotes Kashmir as safe destination in Pune

Tourism Deptt promotes Kashmir as safe destination in Pune

Dir tourism interacts with media, climbers from across India Old anchors on mountain routes to be replaced: Shah PUNE: Continuing with its Tourism promotion program, the Department of tourism Sunday participated in an event in Pune on mountaineering organized by an NGO ‘Safe Climbing Initiative’ to promote J&K as safe, forward and adventure tourist friendly […]

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Improved implementation of RDD schemes giving flip to rural economy: Abdul Haq

Improved implementation of RDD schemes giving flip to rural economy: Abdul Haq

JAMMU: Minister for Rural Development Panchayati Raj, Law and Justice, Abdul Haq today said the two years of coalition government has done tremendously well in all facets of human endeavor and a silent revolution is taking place in rural development. Minister said this while touring Samba district to take stock of various ongoing projects in […]

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GST: KTMF calls for Kashmir Bandh, sit-in on Jun 17

GST: KTMF calls for Kashmir Bandh, sit-in on Jun 17

Srinagar: Kashmir Traders Manufacturing Federation (KTMF) led by Muhammad Yasin Khan on Thursday called for Kashmir Bandh on Jun 17 against the government’s ‘imminent decision’ of implementing Goods and Service Tax (GST) in the state Jammu and Kashmir. The KTMF also called for a sit-in at Lal Chowk on Jun 17. According to KNS Correspondent, […]

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Any misadventure on GST will be disastrous: NC

Any misadventure on GST will be disastrous: NC

Srinagar: National Conference on Thursday warned the State Government against any misadventure on the issue of GST implementation in the State and said the party would fight tooth and nail to prevent the dilution of J&K’s fiscal autonomy. Addressing a meeting of the Party’s Provincial Committee for Kashmir, Provincial President Nasir Aslam Wani said the […]

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Hanjura, Naeem launch Rs 14 cr Hanjoora-Branwar road upgradation project

Hanjura, Naeem launch Rs 14 cr Hanjoora-Branwar road upgradation project

SRINAGAR: Minister for Agriculture Ghulam Nabi Lone Hanjura and Minister for Public Works Naeem Akhtar today inaugurated the up-gradation work on Rs 14.39 crore Hanjoora-Branwar road project. Speaking on the occasion, Naeem Akhtar said that the 11 km long road project would be completed by December 2018 under PMGSY scheme. He said that Hanjoora-Branwar upgradation […]

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Mehbooba convenes All Party Meeting on GST

Mehbooba convenes All Party Meeting on GST

SRINAGAR: Chief Minister, Mehbooba Mufti today convened an All Party Meeting to discuss various issues related to the implementation of GST regime in the State. In her opening remarks, the Chief Minister said the idea behind convening the All Party Meeting was to evolve a broad based consensus on adopting any tax regime in the […]

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Govt to continue sugar subsidy for 74.13 lakh people in PHH category: Zulfkar Ali

Govt to continue sugar subsidy for 74.13 lakh people in PHH category: Zulfkar Ali

SRINAGAR: Minister for Food, Civil Supplies and Consumer Affairs and Information Department Zulfkar Ali today said the J&K Government would continue to provide sugar subsidy to the people of State falling under Priority Household (PHH) category although the same has been discontinued by the Centre. Speaking during a review meeting with Consumer Council members, the […]

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LC panel calls for collective efforts to conserve JK’s natural resources

LC panel calls for collective efforts to conserve JK’s natural resources

SRINAGAR: The Committee on Environment (EC) of Jammu and Kashmir Legislative Council today called for sustained and coordinated efforts to check the systematic cultivation and growth of Cannabis (bang) from the State with special reference to Lolab area in Kupwara district. The Environment Committee that met here today under the Chairmanship of MLC, Qaiser Jamsheed […]

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All Party Meeting: Broader consensus emerges on extension of GST regime to JK

All Party Meeting: Broader consensus emerges on extension of GST regime to JK

SRINAGAR: Broader consensus seemed to have emerged, during the All Party Meeting convened here today, on bringing Jammu and Kashmir under the ambit of Goods and Service Tax (GST) regime. The 4-hour marathon meeting, chaired by the Chief Minister Ms Mehbooba Mufti, was also attended by Deputy Chief Minister, Dr Nirmal Singh, Minister of Finance, […]

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No question of compromising JK’s fiscal autonomy: Dr Drabu

No question of compromising JK’s fiscal autonomy: Dr Drabu

Srinagar: Assuring the business community that their interests will be fully protected, Minister of Finance, Dr Haseeb Drabu today said the State Government will not compromise the fiscal autonomy of Jammu and Kashmir under the new GST regime. “We have made changes in federal relations with the Government of India. Other states draw powers to […]

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Opposition gears up for Govt’s All party GST meeting tomorrow

Opposition gears up for Govt’s All party GST meeting tomorrow

Srinagar: With PDP-BJP government holding All Party Meeting on implementation of Goods and Services Tax (GST) in the state on Tuesday, the opposition political parties said that the government should have presented the draft bill on GST before traders and stakeholders before passing it in the cabinet. The parties said that they will oppose GST […]

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Basharat Bukhari conducts extensive tour of North Kashmir, reviews Horticulture scenario

Basharat Bukhari conducts extensive tour of North Kashmir, reviews Horticulture scenario

SRINAGAR: Terming farmer as heart and trader mind of Horticulture sector, the Minister for Horticulture, Syed Basharat Bukhari, today said that the Government has undertaken a holistic programme for ensuring the equitable and sustainable development of horticulture sector in the State. The Minister said this during his extensive tour to North Kashmir to review the […]

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Fish production decline in water bodies has fishermen worried

Fish production decline in water bodies has fishermen worried

Srinagar: As the pollution and encroachment has destroyed the water bodies in the state, fish production as severely declined with the state importing 5,000 tons per year for the consumers. Vital water bodies including the river Jehlum, Wullar and Dal Lake and other major streams in the state are natural abodes to varieties of fish, […]

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Information Department to have Creative Wing for designing, disseminating advt campaigns

Information Department to have Creative Wing for designing, disseminating advt campaigns

SRINAGAR: The Department of Information and Public Relations (DIPR) will be establishing a Creative Wing to ensure artistic designing of advertisement and promotional campaigns for various Government Departments and Public Sector Undertakings in the State. This was announced at a meeting of the administrative secretaries of various departments convened here this afternoon under the chairmanship […]

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Celebrating spirit of Ramadan

Celebrating spirit of Ramadan

Srinagar: J&K Bank Chairman & CEO, Parvez Ahmed and IGP Kashmir Muneer Khan inaugurated Ramadan Night Market amid huge rounds of applause in presence of a large audience here at Kashmir Haat (Exhibition Ground). Among the dignitaries present on the occasion were Secretary Tourism/ Education Farooq Ahmad Shah and Secretary Cultural Academy Dr Aziz Hajini […]

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Cabinet approves draft GST Legislation

Cabinet approves draft GST Legislation

SRINAGAR, JUNE 7: The State Cabinet which met here today under the chairmanship of Chief Minister, Mehbooba Mufti approved the draft Legislation on GST to be introduced in the special session of the State Legislature being convened later this month. The draft legislation would also lay a roadmap for the implementation of GST in the […]

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Cabinet approves 11% DA hike in favour of employees, pensioners; Move widely hailed

Cabinet approves 11% DA hike in favour of employees, pensioners; Move widely hailed

SRINAGAR, JUNE 7: In big financial relief for the state government employees and the pensioners, the Government today announced 11% hike in their Dearness Allowance. The State Cabinet meeting chaired by Chief Minister Mehbooba Mufti accorded approval to the release of DA installment @ 7% of pay, w.e.f. July 2016 and @ 4% w.e.f. January […]

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Govt expanding links connecting population across Flood Channel: Naeem Akhtar

Govt expanding links connecting population across Flood Channel: Naeem Akhtar

SRINAGAR: Minister for Public Works, Naeem Akhtar today held an extensive tour of Srinagar city to take stock of the pace of work on various developmental projects. The Minister called on the officials to ensure all projects are completed within the deadline. While visiting the under construction Rambagh Flyover, the Minister expressed his satisfaction over […]

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Now, Kashmiri artisans can sell handicrafts online as Govt developing retail site

Now, Kashmiri artisans can sell handicrafts online as Govt developing retail site

Srinagar: Amid frequent internet shutdowns and snapping of social media by the authorities, the government is planning to sell the famous Kashmir’s handicraft products online by developing its own marketplace website on the pattern of Flipkart and Amazon. “A unique and modern site will be developed by the government to sell online our handicraft products […]

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CM chairs Governing Body meets of RSGC, TGC

CM chairs Governing Body meets of RSGC, TGC

SRINAGAR: Chief Minister, Mehbooba Mufti today directed aggressive promotion of golfing in Jammu & Kashmir as an important component of State’s tourism. Chairing the Governing Body meetings of Royal Springs Golf Course, Srinagar and Tawi Golf Course, Sidhra here today, the Chief Minister said golf attracts the high end tourists and the concerned Department should […]

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Mehbooba e-inaugurates JK Bank’s 82 delivery units, hands over mobile hand carts among 20 vendors

Mehbooba e-inaugurates JK Bank’s 82 delivery units, hands over mobile hand carts among 20 vendors

Srinagar: J&K Bank has really brought an ease in the lives of so many people by commissioning its business delivery outlets and distributing handcarts to the street vendors, for which I extend heartfelt gratitude to the Bank’s Chairman Parvez Ahmad and his staff. Invariably, J&K Bank has always made us proud because of this spirit of […]

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Govt announces 50% rebate to boost tourism

Govt announces 50% rebate to boost tourism

SRINAGAR: The State Government today announced 50 percent rebate on travel packages and lodgings to boost tourist arrival to the Valley. Jammu and Kashmir Tourism Development Corporation (JKTDC) will provide 50 percent rebate from booking a room to a full tour package, to help a tourist in customizing the tour to Valley at half the […]

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Take stakeholders onboard on GST: KTMF

Take stakeholders onboard on GST: KTMF

Srinagar: The Kashmir Traders and Manufacturers Federation (KTMF) President, Haji Muhammad Yasin Khan Thursday asked the state government to take stakeholders from the Kashmiri business fraternity onboard before taking any decision on implementation of the controversial GST in the state or that the Valley will be dragged towards another agitation. In a statement issued to […]

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JKEDI approves 884 cases of aspiring entrepreneurs

JKEDI approves 884 cases of aspiring entrepreneurs

PAMPORE: Cases of 884 aspiring entrepreneurs sponsored by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) under different entrepreneurship development schemes were approved by the Steering Committee which met here twice within a span of three days at the Institute’s Pampore campus. The 102nd and 103rd Steering Committee meetings of Seed Capital Fund Scheme (SCFS) and […]

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Governor congratulates SKUAST-K for developing footrot vaccine

Governor congratulates SKUAST-K for developing footrot vaccine

Srinagar: A Memorandum of Agreement (MoA) was signed between the Sher-e-Kashmir University of Agricultural Sciences and Technology- Kashmir (SKUAST-K) and M/S Soft Biotech Private Limited, New Delhi, in the presence of Governor N.N. Vohra, Chancellor of the University, at the Raj Bhavan. As per this Agreement, signed by Dr. M.Y. Zargar, Director Research SKUAST-K and […]

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JK Bank postpones function

JK Bank postpones function

Srinagar: Due to the prevailing circumstances J&K Bank has postponed its function scheduled to be held today at SKICC, Srinagar. Notabbly J&K CM Mehbooba Mufti was scheduled to kick start J&K Bank Ramadan celebrations initiative, e-inaugurate 82 business outlets and distribute state of the art handicrafts to street vendors under its corporate social responsibility (CSR) […]

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GST in J&K only after thorough discussion in Assembly: Naeem Akhtar

GST in J&K only after thorough discussion in Assembly: Naeem Akhtar

SRINAGAR, MAY 24: Minister for Public Works and Government Spokesperson Naeem Akhtar today said that the Government is committed to preserve the special position of the State and same will be taken care of when the Goods and Services Tax (GST) is implemented all over India. The Minister said that the Government will bring a […]

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Work on Rs 6000 cr Srinagar-Shopian-Qazigund, Kargil-Zanaskar highway projects to start soon

Work on Rs 6000 cr Srinagar-Shopian-Qazigund, Kargil-Zanaskar highway projects to start soon

Rs 5000 cr available to JK under PMGSY, CRF this year: Naeem Akhtar ‘Massive road upgradation programme to be launched across JK’ SRINAGAR, MAY 23: Minister of Public Works Naeem Akhtar today said that work on two new highways in the State would begin soon and it will not only enhance the connectivity but increase […]

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Zulfkar discusses Pir Panjal road project with Nitin Gadkari

Zulfkar discusses Pir Panjal road project with Nitin Gadkari

NEW DELHI, MAY 23: Minister for Food, Civil Supplies, Consumer Affairs & Department of Information and Public Relations, Choudhary Zulfkar Ali called upon Union Minister for Road Transport, Highways and Shipping Nitin Gadkari at New Delhi to discuss various road projects including four-lanning of Jammu – Poonch highway and Budhal-Shopian road. Zulfkar Ali presented memorandum […]

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Lower Tax Incidence on Entertainment Services under GST Tax

Lower Tax Incidence on Entertainment Services under GST Tax

New Delhi: Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods and Services Tax (GST) except to the extent of taxes on entertainments and amusements levied by a Panchayat or a Municipality. The rate of GST approved by GST Council on services […]

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GST will lead to lower tax burden in several commodities

GST will lead to lower tax burden in several commodities

New Delhi: The roll out of Goods and Services (GST) Tax will bring benefits to the consumers due to reduced tax rates on various commodities such as packaged cement, medicaments, smart phones, and medical devices, etc. Packaged cement attracts central excise duty of 12.5% + Rs.125 PMT and standard VAT rate of 14.5%. At these […]

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Four-lanning of Highway, Jehangir Chowk-Rambgah Flyover to be completed in September: Akhtar

Four-lanning of Highway, Jehangir Chowk-Rambgah Flyover to be completed in September: Akhtar

Srinagar: The four-lanning of Srinagar-Qazigund highway and Jehangir Chowk-Rambgah Flyover will completed in September this year, relieving people of major travelling hiccups. Talking to KNS the Minister for Roads and Buildings, Naeem Akhtar, said that work on these two projects is apace, and if the situation remains peaceful, the projects will be dedicated to public […]

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J&K Bank farewells senior president

J&K Bank farewells senior president

Srinagar: J&K Bank gave a warm send-off to its Senior President Surinder Krishen Bhat who attained superannuation on 30th April, 2017. The farewell was delayed because his services, as an exception, were extended by the Bank’s board in his capacity as chief financial officer (CFO) till the finalization and adoption of the Bank’s financial results […]

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Chief Secretary chairs 97th FAC meeting

Chief Secretary chairs 97th FAC meeting

SRINAGAR, MAY 20: The Forest Advisory Committee (FAC) headed by Chief Secretary, B B Vyas Saturday in its 97th meeting held at the Civil Secretariat here cleared fifteen proposals of urgent developmental and public importance. Financial Commissioner Revenue, Mr Lokesh Dutt Jha, Commissioner/Secretary, Forest, Ecology & Environment, Mohammad Afzal Bhat, Principal Chief Conservator of Forests […]

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Hanjura for constituting SHGs to promote sericulture activities in JK

Hanjura for constituting SHGs to promote sericulture activities in JK

SRINAGAR, MAY 20: Underscoring the need for forming Self Help Groups (SHG) at district levels for giving momentum to sericulture activities, Minister for Agriculture, Ghulam Nabi Lone Hanjura said that this will help in promoting Sericulture sector in the State. The Minister said while addressing a State Level meeting convened to review the functioning of […]

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Govt to introduce GST bill in next Assembly session for changes before implementation: Drabu

Govt to introduce GST bill in next Assembly session for changes before implementation: Drabu

Srinagar: The government will introduce the Goods and Services Tax (GST) bill in next 30 days in state legislature to make changes” before it is implemented in the state, Finance Minister Dr Haseeb Drabu said. “We will go into the GST regime but because we have a special constitutional position, we will try and make […]

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GST Council Meet: Dr Drabu takes stock of arrangements at SKICC

GST Council Meet: Dr Drabu takes stock of arrangements at SKICC

Srinagar: Minister for Finance Dr Haseeb Drabu today visited SKICC here to personally take stock of the arrangements made for the 14th GST Council Meeting. He was accompanied Commissioner Secretary Finance, Mr Navin Kumar Choudhary, Director Information, Dr Arun Kumar Manhas and other senior officers of the Finance, Information and other concerned Departments. The Finance […]

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Premiere of Bollywood movie ‘Sargoshiyan’ first time launched in Kasshmir

Premiere of Bollywood movie ‘Sargoshiyan’ first time launched in Kasshmir

Srinagar: For the first time in Indian Cinema history, the premiere of any Bollywood movie was launched in Kashmir capital Srinagar. ‘Sargoshiyan’ that has been shot extensively in Kashmir became the first Bollywood film to have Its Premiere in Srinagar and in recent past it is the only Indian movie that has not been revolved […]

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PDP hails CM’s initiatives aimed at creating ease of business for local youth

PDP hails CM’s initiatives aimed at creating ease of business for local youth

Srinagar: The Jammu and Kashmir Peoples Democratic Party has hailed Honourable Chief Minister Mehbooba Mufti’s decision to improve the ease of doing business for young entrepreneurs by introducing a series of business friendly measures, including doing away with the need for multiple no objection certificates (NoCs). In a statement issued to KNS, PDP Chief Spokesperson […]

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Entrepreneurship key to creating jobs, productive engagement of youth: Mehbooba

Entrepreneurship key to creating jobs, productive engagement of youth: Mehbooba

Srinagar: Terming unemployment as a major challenge to the society, Chief Minister, Mehbooba Mufti today described entrepreneurship as an important intervention to create more jobs and provide youth more creative means of economic engagement. Interacting with some young entrepreneurs here today, the Chief Minister said entrepreneurship has emerged as an important sector for providing livelihood […]

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J&K Bank declares March 2017 Results

J&K Bank declares March 2017 Results

Srinagar: The Jammu and Kashmir Bank declared its audited financials for the quarter and financial year ended March 2017 today by posting an operating profit of Rs. 276.37 Cr for the quarter and Rs 1294.34 Cr for the financial year. The bank however, ended the year with a net loss of Rs. 1632.28 Cr primarily […]

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Dir Tourism for eco-friendly tourism promotion

Dir Tourism for eco-friendly tourism promotion

SRINAGAR: Director Tourism Kashmir, Mahmood Ahmad Shah, today stressed the need of promoting eco-friendly tourism in the Valley and said that Kashmir is an ideal place for adventure and leisure tourism. He was speaking to a group of families who have come here for adventure family camping organized by Youth Hostel Association of India (YHAI). […]

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Mir Zahoor inspects Trout Culture Farm Harwan, calls for setting up Fish Sale Counters in Srinagar

SRINAGAR- Minister of State for Forest, Environment, Animal & Sheep Husbandry, Fisheries and Cooperative, Mir Zahoor Ahmad today visited Trout Culture Farm Harwan and Laribal and took stock of fish units. During his inspection to Laribal Trout Farm, the Minister was informed that the Trouts are fed with the highly developed hygienic balanced diet produced […]

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FCS&CA prepares transfer list of ASKs, SKs

FCS&CA prepares transfer list of ASKs, SKs

SRINAGAR: Minister for Food, Civil Supplies and Consumer Affairs (FCS&CA), Choudhary Zulfkar Ali, today directed the officers of the Department to effect transfers of assistant store keepers (ASKs), and store keepers (SKs) in a fair and transparent manner, and prepare a uniform prototype for the recruitment of Class-IV employees. Speaking at a review meeting of […]

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CM chairs 9th meeting of Gulmarg Development Authority

CM chairs 9th meeting of Gulmarg Development Authority

Mehbooba for creating basic facilities in Gulmarg catchment to attract more tourists, create employment Directs improvement of Baba Reshi road, its street lighting on priority SRINAGAR, MAY 09: Chief Minister, Mehbooba Mufti today stressed on expanding the tourist activities at Gulmarg in its catchment area by creating more basic facilities of life in the nearby […]

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CM chairs 19th meeting of Patnitop Development Authority

CM chairs 19th meeting of Patnitop Development Authority

Mehbooba emphasizes developing catchment areas, facility upgradation at Patnitop Directs accelerated pace on Patnitop Ropeway, Sanasar road SRINAGAR, MAY 09: Chief Minister, Mehbooba Mufti today emphasised on developing areas like Sanasar, Mantalai and other spots to make up for the supposed dip in tourist arrivals to Patnitop in view of the operationalisation of Nashri tunnel. […]

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Dy CM directs for undertaking developmental schemes in mission mode

Dy CM directs for undertaking developmental schemes in mission mode

SRINAGAR, MAY 09: The Deputy Chief Minister, Dr. Nirmal Singh, today directed the officers to speed up the pace of work undertaken under various developmental initiatives of Housing and Urban Development Department (HUDD) in the Kashmir Division by taking up them in a mission mode. The Deputy Chief Minister was addressing officers during a review […]

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2.78 lakh LPG connections issued under PMUY in JK

2.78 lakh LPG connections issued under PMUY in JK

JAMMU, MAY 09: Around 2.78 lakh LPG connections have been issued to women beneficiaries in Jammu and Kashmir under Pradhan Mantri Ujjwala Yojana (PMUY) which has resulted in increasing LPG Coverage in the State to 85.20%. This information was given by the Minister of State (I/C) Petroleum and Natural Gas, Dharmendra Pradhan. He said 2.20 […]

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