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Drabu to head Empowered Committee of Finance Ministers
KT NEWS SERVICE
NEW DELHI, Mar 23: Minister for Finance, Dr Haseeb Drabu has been appointed Chairman of the Empowered Committee of the Finance Ministers of the North Zone. According to a communiqué issued by the Inter-State Council Secretariat here, Dr Drabu will be heading the Empowered Committee of the Finance Ministers of Haryana, Himachal Pradesh, Punjab, Rajasthan, Delhi and Jammu & Kashmir. A professional economist with a doctorate in Economics, Dr Drabu is credited with initiating radical reforms to bring systemic changes in the fiscal management of J&K. Before joining politics, Dr Drabu has been involved with national economic policy making in India for seven years at the highest level, including in the Planning Commission, Finance Commission and the Economic Advisory Council of the Prime Mini...
Kashmir Times News Report
PAN to become the only I-Card in future: Jaitley
NEW DELHI, Mar 23 (Agencies): Aadhaar may become the only card required to identify a person, replacing Voter ID and PAN, Finance Minister Arun Jaitley said in the Lok Sabha today. Jaitley was replying to a debate on the Finance Bill and the accompanying 40 amendments to different laws including one making Aadhaar mandatory for filing of income tax return from July as well as for applying for permanent account number. The unique identification number Aadhaar may become the single identify card in future, he said. "A stage may come when unique identity card (aadhaar) may become the sole card. There are many countries where such a situation exists. There is a social security number in America and in India it (Aadhaar) could be the counterpart," he said. Explaining the rationale behind m...
Kashmir Times News Report
Govt sanctions Rs 5,021 cr to 10 states hit by disasters
NEW DELHI, Mar 23 (Agencies): The Centre has approved Rs 5,021 crore as assistance to 10 states hit by calamities, including flood and drought. The High Level Committee, headed by Home Minister Rajnath Singh, approved the central assistance to Andhra Pradesh, Assam, Bihar, Himachal Pradesh, Karnataka, Manipur, Rajasthan, Tamil Nadu, Telangana and Uttar Pradesh. The Committee examined the proposal based on the reports of the Inter-Ministerial Central Team, which visited the states affected by flood, landslides, cloudburst, hailstorm, cyclones and drought, a Home Ministry spokesperson said. The assistance of Rs 5,020.64 crore has been approved, including Rs 4,979.97 crore from National Disaster Response Fund (NDRF) and Rs 40.67 crore from the National Rural Drinking Water Programme (NRDWP...
Kashmir Times News Report
Travel in Rajdhani, Shatbadi at mail/express fare from April 1
NEW DELHI, Mar 21 (Agencies): Come April and a passenger can avail the opportunity of travelling in Rajdhani or Shatabdi trains even if he or she has booked tickets in other mail/express trains for the same destinations. Railways is launching a new scheme from April 1 under which waitlisted passengers can get confirmed accommodation in the next alternative train if they opt for the option while booking their tickets. As per the scheme, there would be no extra charges taken from the passenger or any refund provided for the difference of fare. Known as 'Vikalp', the alternative train accommodation scheme aims to utilise vacant berths in many premier trains including Rajdhani, Shatabdi, Duronto and other special service such as Suvidha trains in all major routes. Railways has to forego a...
Kashmir Times News Report
New UP govt has 20 ministers with criminal cases, 35 out of 44 are millionaires
NEW DELHI, Mar 21 (Agencies): The new Uttar Pradesh government has 20 ministers with criminal cases against them, while Punjab has two, says a report. As for wealth, 35 UP ministers are 'crorepatis', while Punjab has nine. UP Election Watch and Association for Democratic Reforms (ADR) has analysed the self-sworn affidavits of 44 out of 47 ministers from the state assembly. Three ministers namely Dinesh Sharma, Swatantra Dev Singh and Mohsin Raza have not been analysed due to unavailability of data. Dinesh Sharma is a mayor whereas the other two are not currently members of either any house, UP state assembly or legislative council. "Out of the 44 ministers, 35 (80 per cent) are crorepatis. The average assets of 44 ministers is Rs 5.34 crore," Delhi-based ADR said in a report released ...
Kashmir Times News Report
Govt proposes cap of Rs 2 lakh on cash transactions as against Rs 3 lakh proposed in Budget
NEW DELHI, Mar 21 (Agencies): The government on Tuesday proposed a cap of Rs 2 lakh on cash transactions, down from Rs 3 lakh as proposed in the Budget. Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley had proposed in his budget speech to ban all cash transactions above Rs 3 lakh. The decision to ban cash transactions beyond a threshold is based on the recommendation of the Special Investigation Team (SIT) on black money that was set up by the Supreme Court, Jaitley had said while presenting Union Budget 2017-18 in Parliament. Cash transactions above Rs 3 lakh banned from April 1: Arun Jaitley The SIT, headed by Justice M B Shah (retired), in July had submitted its fifth report to the Supreme Court on steps needed to curb black money. Notin...
Kashmir Times News Report
Jitendra announces several relaxations in GP Fund rules
KT NEWS SERVICE
NEW DELHI, Mar 20: In a major relief for government employees, Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh announced here today,several relaxations in General Provident Fund Rules, with liberalization and simplification, particularly relating to advances and withdrawals by the subscriber / employee. Briefing the media, about the decision and subsequent orders issued by the Union Ministry of Personnel in this regard, Dr Jitendra Singh disclosed that the existing GP Fund (Central Service) Rules came into force way back in 1960 and even though certain amendments have been made from time to time to address the concerns raised, it was felt to be the ne...
Kashmir Times News Report
JK Bank issues preferential Shares to State Government
KT NEWS SERVICE
JAMMU, Mar 20: Pursuant to the receipt of approval of the Reserve Bank of India for Capital Infusion in the Bank, state government today infused its first tranche of Rs 250 crores into JK Bank as additional capital from its Budgetary Allocation of Rs 530Cr for the purpose. The Board Of the Bank which met here today confirmed the news and informed that Preferential Allotment of shares equivalent to the capital infused has been made in favor of the Government of J&K today in its meeting specially convened for the purpose. The Board of the Bank through its Chairman, Mr Parvez Ahmed acknowledged the timely capital infusion which shall enable the Bank to maintain the statutory Capital Adequacy Ratio mandated by the RBI for 31st March 2017. The Chairman & CEO Mr Parvez told our corresponden...
Kashmir Times News Report
Recruitment process completed, not to issue waiting list: JK Bank Board
KT NEWS SERVICE
JAMMU, Mar 20: The Board of Directors of J&K Bank in its meeting held today took on record the completion of the recruitment process of the Bank for Relationship Executives and Banking Associates as per the approved manpower planning of the Bank. The Board while observing that there will be no waiting list communicated the commitment of the Bank to continuously provide employment opportunities to the educated youth of the state by being the preferred employer and for this best HR practices will be followed. The Board further asserted that the Bank will go for fresh recruitment in future for its business expansion plans which remained intact with unrelenting support from the State Government and other stakeholders despite challenging circumstances in the Banking Industry. The Board d...
Kashmir Times News Report
Idea, Vodafone announce merger; Kumar Mangalam Birla to be Chairman of the new entity
NEW DELHI, Mar 20 (Agencies): Idea Cellular board on Monday approved merger of Vodafone India Ltd and its wholly-owned arm Vodafone Mobile Services with the company, a move that will create the country's biggest telecom services provider with a customer base of over 394 million. "Vodafone Group Plc and Idea Cellular today announced that they have reached an agreement to combine their operations in India," they said in a statement to the Bombay Stock Exchange. Idea shares fall over 6% on merger deal with Vodafone After their merger, the firms announced Kumar Mangalam Birla as the Chairman of the new entity. "I am pleased and honored to be the chairman of the new company," said Kumar Mangalam Birla who is expected to create India`s largest telecom firm with a revenue share of around 40 p...
Kashmir Times News Report
10-member Indian delegation leaves for Pak to take part in Indus commission meet
NEW DELHI, Mar 19 (Agencies): A 10-member Indian delegation on Sunday left for Pakistan to take part in the meeting of Permanent Indus Commission (PIC) beginning tomorrow in Islamabad. The delegation comprises India's Indus Water Commissioner P K Saxena, MEA officials and technical experts. Speaking to agencies, a government source said India is "always open" to discuss and resolve concerns Pakistan have over its projects under Indus Water Treaty (IWT) bilaterally. The source, however, reiterated that there will be "no compromise" on India exploiting its due rights under the 57-year-old pact. However, the agenda for the meeting, taking place nearly six months after India decided to suspend talks on the pact in the wake of the Uri terror attack by Pakistan-based outfits, is yet to be f...
Kashmir Times News Report
BSNL offers 2GB data per day, unlimited calling for Rs 339
KT NEWS SERVICE
NEW DELHI, Mar 16: To counter threat from Reliance Jio, state-run telecom firm BSNL today launched a new plan that offers 2 GB of 3G data per day and unlimited calling within its network for Rs 339. “The benefits customer will get under the Combo STV (special tariff voucher) of Rs 339 are unlimited calls in BSNL network and unlimited data with fair use policy of 2 GB per day with validity of 28 days,” BSNL said in a statement. The offer is limited for 90 days. Reliance Jio is offering 1GB of 4G data and unlimited calling to all network for free till March 31. From April 1 onward, Reliance Jio customers opting for Jio Prime service will get unlimited data and calls till March 31, 2018, for one time registration fee of Rs 99 and Rs 303 per month. BSNL said that the data of 2 GB per day ...
Kashmir Times News Report
'RBI denies information on old currency notes deposited in J&K'
KT NEWS SERVICE
JAMMU, Mar 16: Contrary to the general perception that Reserve Bank of India is well aware of all the transactions made by the companies and Individuals in the bank accounts, but the fact is otherwise or must say shocking, yes the Reserve Bank of India Has itself stated that it does not keep such data. In an official communiqué in response to an RTI application of applicant Raman Sharma, the Chief Public Information Officer of the Reserve Bank of India vide their letter number RBIND/R/2017/50598 dated 16/03/2017 have stated that the sought information is not available in the form in which it is sought and rejected his RTI plea. Earlier in his RTI plea dated 14/Feb/2017, Raman had asked for detail of total number of currency notes of Rs. 2000 and Rs. 500 that were issued to different ba...
Kashmir Times News Report




 
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