Saturday, July 22, 2017
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Under GST no tax is levied on any pilgrimage: Govt
‘5pc tax levied on airfare and any private tour package’
SRINAGAR, Jul 20: The government Thursday said that no pilgrimage has been taxed under the new Goods and Services Tax (GST) but the tax will be levied on airfares. A senior official in the government’s finance department said that under the GST 5 % tax is being levied on airfares. “This is not tax on Hajj, Umrah or any other pilgrimage, but it is a general tax on airfare as per the GST,” the official told. “All airfares will be taxed by 5 % except the Business class tickets,” he said. An official in the Commercial Tax department told that under GST no tax has been specifically imposed on any pilgrimage but on the packages of private tour operators. “The 5 % tax is levied on private tour operators whether they take the tour is for pilgrimage or holidaying,” he said. Under GST, specif...
Kashmir Times News Report
Govt serious in recovery of JK Banks loans, NPA
‘As of March 2016, its gross NPAs soared to Rs 4,368.62 crore’
SRINAGAR, July 20: As the Jammu and Kashmir Bank is grappling with the recovery of crores of loans from defaulters and Non Performing Assets, the government said that it is making serious efforts to recover loans from the defaulters. The JK Bank has bad loans and NPAs in crores which has impacted its financial working. To recover these loans, the Bank formed a team. However, sources said that the Bank’s team has not made any significant headway to recover these loans. Sources said that if the back does not recover the loans, then the bank will sink in financial crisis and RBI might completely take it over. Finance Minister Dr Haseeb Drabu told KNS that efforts are on to recover the loans. He said adding that the Bank is facing financial problems because of the bad loans and NPAs. Afte...
Kashmir Times News Report
Summer Carnival concludes at Wave Mall
JAMMU, July 16: Wave Mall carried out a month long Kids Summer Carnival which started on June 17 and was culminated today . In this month long carnival the main focus was to provide entertainment to the walk in customers along with some education related to various fields, by conducting workshops. Art and Craft, Cookery, Music, Dance, Yoga, Self Defence, floral,Gift wrapping, Balloon making, were the fields which were touched during this carnival in which people from various age groups participated and got some very useful tips from the professionals of the respective fields. Each of the days of the carnival along with these workshops there were some happy stalls i.e. palmist, tattoo Artist, magician ,Bouncy which were put up to provide some additional service free of cost to the wa...
Kashmir Times News Report
RSS annual conclave in Jammu from Jul 18
JAMMU, Jul 15: The Rashtriya Swayamsevak Sangh (RSS) will be holding a conclave here from July 18, in its first such meet in Jammu and Kashmir, during which issues related to the situation in the state and various other topics will be discussed. The three-day ‘Akhil Bhartiya Pracharak’ conference is meant to ‘send a message’ to separatists and militants in Kashmir, according to the organisers. As many as 195 pracharaks, heads of all allied organisations and top leaders will take part in the conference. All issues concerning the country, party and society and also situation in Kashmir, besides organisational matters and programmes in the state, will be debated. RSS chief Mohan Bhagwat, senior RSS leaders Bhaiyyaji Joshi, Dattatreya Hosabale and Krishna Gopal arrived in Jammu today for ...
Kashmir Times News Report
Modi to review FDI policy
NEW DELHI, July 14: Prime Minister Narendra Modi will hold a high-profile meeting to review the country’s Foreign Direct Investment (FDI) policy, where further easing of restrictions may also be discussed. Finance Minister Arun Jaitley, commerce and industry minister Nirmala Sitharaman, Niti Aayog CEO Amitabh Kant and Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek will attend the meeting. Official sources said, Prime Minister is expected to take stock of the measures taken so far to ease foreign investment in the country and look at the roadmap for further reforms in several sectors to boost fund inflow and job creation. Jaitley in his budget speech this year had announced that the government will consider further liberalising the FDI regime. The DIPP, ...
Kashmir Times News Report
PM Modi-led NDA third most trusted govt in world with support of 73% Indians
NEW DELHI, July 14 (Agencies): In what can be called as a good news for Prime Minister Narendra Modi, 73 per cent Indians still have faith in NDA government, according to the latest report released by the Organisation for Economic Co-operation and Development (OECD). India has been ranked third on “Trust in government” chart. However Indonesia which has bagged 79 per cent people’s confidence in their government ranked second and Switzerland, has topped the chart with whopping 80 per cent. Bringing disappointment for US president Donald Trump, the report shows mere 30 per cent public trust his government whereas UK Prime Minister Theresa May has surpassed Trump by bagging support of almost 41 percent of people. However, South Korea government has only 25 per cent people's support and ...
Kashmir Times News Report

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