Monday, December 6News That Matters

Business

J&K Bank-PNB MetLife summit meet to mark 20 years of partnership

J&K Bank-PNB MetLife summit meet to mark 20 years of partnership

Business
Srinagar: Marking two decades of mutually-valuable relationship, a meeting of 20thGoverning Council was held between Jammu and Kashmir Bank and PNB MetLife today here at Bank’s Corporate Headquarters. Chairman& MD R K Chhibber led the J&K Bank’s team flanked by President Narjay Gupta, Vice-President Sajad Hussain Malik and other officials, while as MD and CEO Ashish Kumar Srivastava headed the PNB MetLife group comprising of Director PNB MetLife Sanjay Vij, Business Head Banca& Retail ZeeshanAndleeb and Project Head J&K Mukhtar Ahmad Dar. Congratulating J&K Bank for delivering impressive performance in the recently declared FY 2020-21 results under dynamic leadership of RK Chhibber, Ashish Kumar Srivastava stated that J&K Bank’s missionary zeal to safeguard interest...
DG Horticulture conducts extensive tour of North Kashmir

DG Horticulture conducts extensive tour of North Kashmir

Business
SRINAGAR: The Director General (DG), Horticulture Kashmir, Ajaz Ahmad Bhat today conducted an extensive tour of North Kashmir to take stock of different activities, works. During the tour, the DG visited Canning Centre at Sopore, where he instructed Chief Horticulture Officer, Baramulla to ensure timely completion of renovation works being carried out at the Centre. Besides, he stressed on imparting training on preservation of fruit and vegetables to the youth on priority basis, in order to enable them to create employment opportunities for themselves and others. The DG also visited the Departmental Nursery at Zangam Pattan and newly established Soil Testing Laboratory & Horticulture Development Office at Kreeri, where he took stock of different activities, and stressed for completion ...

SKUAST-K organises day long workshop on ‘Food Packaging: Challenges & Innovations’

Business
Srinagar: Division of Food Science and Technology under the patronage of Directorate of Research in collaboration with Indian Institute of Packaging, Mumbai, organized one day workshop on “Food Packaging: Challenges & Innovations” The workshop was chaired by the Vice Chancellor, SKUAST-Jammu & Kashmir, Prof. J. P. Sharma, andDirector, Indian Institute of Packaging, Mumbai, Dr. TanveerAlam was the chief Guest for the event.Directors, Deans of various faculties, Registrar, Heads of the Divisions, stations,KVK Heads and scientists, representatives from Jammu and Kashmir Food Safety Department, Food processors and students from various faculties participated in the workshop. Vice-Chancellor, SKUAST-Kashmir, Prof. J. P. Sharma in his address highlighted the importance of packaging as a ...
Tata Motors plans to hike passenger vehicle prices from next week

Tata Motors plans to hike passenger vehicle prices from next week

Business
New Delhi: Tata Motors is looking to increase prices of its entire range of passenger vehicles from next week as it aims to offset the steep rise in procurement cost of essential materials like steel and precious metals, as per a top company official. The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, Harrier and Safari in the domestic market. “We have seen a very steep increase in the prices of steel and precious metals over the last one year. The financial impact of the increase in commodity prices is in the range of 8-8.5 per cent of our revenues in the past one year,” Tata Motors President Passenger Vehicles Business Unit (PVBU)Shailesh Chandra told PTI. He noted that the company has been able to pass on only a small part of the increase in input costs t...
Socio-economic development of the farming community, department’s primary objective: Director Agri

Socio-economic development of the farming community, department’s primary objective: Director Agri

Business
Department committed to attract educated youth to the agriculture sector SRINAGAR: The Director Agriculture Kashmir, Chowdhary Mohammad Iqbal today said that the Agriculture activities in Kashmir were encouraging and the sector stood strong during the Covid-19 pandemic. The Director said this while chairing a meeting of senior officers of the department. He added that the department has been able to maintain the availability of vegetables and other agricultural commodities in the valley for the local consumers and to send large consignments of vegetables to different markets in and outside the UT which contributed to the economy. He gave its credit to the hard work of farmers, farmer friendly policies and close coordination of the department with the farming community. Iqbal said that the ...
Navin Choudhary discusses modalities for e-auction of wholesale cum retail fish shops at Narwal Jammu

Navin Choudhary discusses modalities for e-auction of wholesale cum retail fish shops at Narwal Jammu

Business
JAMMU: Fisheries Department is going to conduct e-auction of 50 wholesale cum retail shops to be allotted to the bidders situated at Narwal Mandi, Jammu. Principal Secretary, Agriculture and Fisheries Department, Navin Choudhary, today chaired a meeting to discuss modalities for procedure to be adopted during e-auction of the fish shops. Commissioner, Jammu Municipal Corporation, Avny Lavasa; Director, Fisheries, Bashir Ahmad Bhat; Joint Director, Fisheries, Manzoor Ahmed Wani; Chief Project Officer, Marketing Narwal Jammu, Masood Ahmed Wani and concerned fish wholesaler and retailer shopkeepers attended the meeting. Commissioner JMC gave details of fish wholesalers and retailers in the municipal jurisdiction and also briefed about the existing fish markets in the JMC limit. Director Fishe...
Prepare roadmap for boosting the business of Super Bazars: Secy Cooperatives

Prepare roadmap for boosting the business of Super Bazars: Secy Cooperatives

Business
SRINAGAR: Secretary Cooperatives, Yasha Mudgal today stressed on the officers to prepare the roadmap for boosting the business of Cooperative Super Bazars here in J&K. She asked them to modify these business establishments on modern lines so that both the footfall and transparency increases. The Secretary was speaking during the meeting held to review the working of Cooperative Super Bazars of J&K. The meeting was attended by Registrar Cooperatives, Additional Registrar Cooperatives Jammu, Deputy Registrars, Assistant Registrars, General Managers and other officers of the department. Mudgal impressed upon the officers to release the funds forthwith for the renovation of these Super Bazars. She asked them to revive the business of these cooperative stores using IT tools. She asked t...
No plan to print currency notes to tide over crisis: FM

No plan to print currency notes to tide over crisis: FM

Business
New Delhi: The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the Finance Minister said, “No Sir”. Many economists and experts have suggested to the government to print more currency notes to tide over the difficult economic situation with a view to support the economy ravaged by the spread of COVID-19, and protect jobs. In economic parlance, printing of money is called monetisation of the deficit. In other words, monetisation of the deficit happens when the Reserve Bank of India (RBI) buys government securities directly from the primary market to fund...
Import duty on masur dal cut to zero; agri infra development cess halved to 10 per cent

Import duty on masur dal cut to zero; agri infra development cess halved to 10 per cent

Business
New Delhi: The Centre on Monday reduced the import duty on masur dal to zero and also halved the Agriculture Infrastructure Development Cess on the lentil to 10 per cent, in a bid to boost domestic supply and check rising prices. A notification in this regard was tabled in the Rajya Sabha by Finance Minister Nirmala Sitharaman. The Minister said that the basic customs duty has been reduced from 10 per cent to nil on lentils (masur dal) originated in or exported from countries other than the US. Also, the basic customs duty has been reduced from 30 per cent to 20 per cent on lentils (masur dal) originating in or exported from the US, she said. Further, the Agriculture Infrastructure Development Cess on lentils (masur dal) has been reduced from the present rate of 20 per cent to 10 per cent,...
Pepsi remembers Capt. Vikram Batra

Pepsi remembers Capt. Vikram Batra

Business
SRINAGAR: Pepsi has launched a set of limited-edition cans and a heartwarming ode as an homage to ‘SherShaah’ of Kargil, Captain Vikram Batra and many other bravehearts, who led India to victory during the Kargil war of 1999 . The limited-edition cans are in rich hues of blue and gold featuring Peps’s iconic ‘Yeh Dil Maange More’ slogan which was immortalized by Capt. Vikram Batra. The valiant soldier had chosen this slogan to signify his mission’s success. The limited-edition cans also feature a QR code, through which consumers will be able to view Pepsi’s heartwarming tribute to Capt. Vikram Batra. PepsiCo India Spokesperson added, “‘Yeh Dil Maange More’, a phrase that has always been synonymous with Pepsi, took on a new meaning when Capt. Batra adopted the line as his rallying cry. We a...