Saturday, July 2News That Matters

Business

Dr Sehrish reviews progress of JKRLM in Samba

Business
SRINAGAR: Mission Director, Jammu & Kashmir Rural Livelihoods Mission (JKRLM), Dr. Syed Sehrish Asgar today convened a virtual meeting with the officials of Umeed to review the Block Wise progress of Rural livelihood Mission in District Samba and took stock of various indicators of Mission in the district. The meeting was attended by State project Managers JKRLM, District programme Managers, JKRLM Samba, Block programme Managers of blocks Vijaypur, Ghagwal, Samba, Purmandal and other officials from the MD office in person and through video conferencing. While chairing the meeting, Dr Sehrish instructed the field officials of the Mission in the district that the funds released by the Mission to the Community Based organizations (CBOs) should be ensured to be released to the SHG members ...

DC Kupwara reviews progress under District CAPEX Budget

Business
Also reviews power supply scenario KUPWAR: The Deputy Commissioner (DC) Kupwara, Imam Din today convened a meeting of concerned officers to review the progress of developmental works approved under District CAPEX Budget 2021-22. During the meeting, detailed block wise review of the pace of various approved works in the district were taken. It was informed in the meeting that 989 works under PRI Grants, 299 under DDC Grants and 58 Regular works have been approved under District CAPEX Budget 2021-22, out of which 1144 works have got administrative approval. These works pertain to various departments including RDD, PDD, Health, Education and YS&S. The Deputy Commissioner stressed upon the officers to strictly adhere to the timelines of the works and ensure completion of all works taken up...

Gold jumps Rs 883; silver rallies Rs 1,890

Business
New Delhi: Gold in the national capital on Thursday jumped Rs 883 to Rs 48,218 per 10 gram in line with the firm global trends and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,335 per 10 grams. Silver also rallied Rs 1,890 to Rs 65,190 per kilogram from Rs 63,300 per kilogram in the previous trade. The rupee depreciated by 18 paise to end at 74.52 (provisional) against the US currency on Thursday. In the international market, gold trading higher at USD 1,856 per ounce and silver flat at USD 24.89 per ounce. “Gold prices traded up with spot gold prices at COMEX trading 0.40 per cent up at USD 1,856 per ounce on Thursday,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. —PTI Press Trust of Indiakashm...

DDC Kulgam reviews measures to promote tourism in district

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KULGAM: To discuss the measures for promotion of tourism in district, District Development Commissioner, Dr.Bilal Mohi-Ud-Din Bhat today chaired a meeting of officers here at Mini-Secreterait Kulgam. The meeting was attended by ADDC, CEO Aharbal Development Authority, DFO, Tourism officer, SDM Noorabad, CPO and other officers. During the meeting the DDC instructed the officers to come up with a proper plan for developing facilities at Trekking routes from Aharbal to Kousarnag, Chiranbal, Badibehak and other trekking routes. He also directed the concerned to identify the location for rafting at Veshow river. During the Meeting, CEO, Aharbal Development Authority also briefed the meeting about the measures taken at Aharbal for Devlopment and beautification of this tourist spot. The DDC said ...

Director Agriculture Kashmir reviews implementation of CSSs in North Kashmir districts

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BARAMULLA: The Director Agriculture Kashmir, Chowdhary Mohammad Iqbal Wednesday chaired a meeting of concerned officers to review the implementation of Centrally Sponsored Schemes (CSSs) in Baramulla and Bandipora districts of North Kashmir. The meeting reviewed scheme wise achievements and implementation of various CSSs of the Department. The meeting was informed in detail about Rashtriya Krishi Vikas Yojna, National Mission for Sustainable Agriculture, National Mission of Agriculture Extension and Technology, National Food Security Mission, Soil Health Card Scheme, Pradhan Mantri Fasall Bima Yojana, Pradhan Mantri Krishi Seenchayee Yojana, PM-Kissan and other schemes currently being implemented by the Department. Addressing the meeting, the Director said that the department had a satisfi...

College of temperate sericulture launches developmental project

Business
SRINAGAR: College of Temperate Sericulture, Mirgund launched Developmental Project under the title” Sericulture: Livelihood Security and Employment Generation in Tribal Areas of Kashmir” funded by DST Kashmir Govt. of J&K. In this context, 1st consignment comprising of 3000 mulberry plants was flagged off to tribal area of Gurez by Director Research SKUAST-K Prof. Sarfaraz Ahmad, Mr. Bilal Ahmed (Joint Director, DST-Kashmir), Prof. M. F. Baqual (Assoc. Dean), Addl. Director Sericulture (Mr. Abdul Khaliq Dar) and Deputy Director of SDD (Mr. Manzoor Ahmad Sofi) of target District. Speaking on the occasion Prof. Sarfaraz impressed upon the scientists that more & more collaborative work in the shape of projects be undertaken. Bilal Ahmad (Joint Director DST) gave a detailed account of ...

Excise duty cut on petrol, diesel is significantly positive for inflation: RBI Governor

Business
Mumbai: The recent decision of the central government to cut the excise duty on diesel and petrol is significantly positive for inflation, Reserve Bank of India Governor Shaktikanta Das said on Wednesday. He said food inflation is now under control, but core inflation continues to remain elevated. That (excise duty cut on petrol and diesel) is significantly positive for inflation, Das said. Inflation in India is mainly caused due to the supply-side factors, which have been addressed by the government, he added. The supply-side factors have been addressed by the government, particularly with reference to pulses and edible oils, and now very recently with reference to petrol and diesel. —PTI Press Trust of Indiakashmirreader.com

ED attaches Rs 61.38-cr assets of Bhushan Steel Ltd

Business
New Delhi: Assets worth Rs 61.38 crore have been attached under the anti-money laundering law in a probe against Bhushan Steel Limited and Bhushan Energy Limited, the Enforcement Directorate (ED) said on Tuesday. The federal investigation agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach the properties. “The attached assets consist of agricultural land in Raigad, Maharashtra, warehouses in entities under the control of erstwhile promoters of BSL (Bhushan Steel Limited),” it said in a statement. These properties are worth Rs 61.38 crore, it said. The ED said probe found that former promoters of BSL, Neeraj Singal, B B Singal and others “diverted” funds from BSL through an elaborate and complex web of transactions by way of routing of public fund...

Departmental farms to modernize on global parameters: Dir Agri

Business
Srinagar: Director Agriculture Kashmir Chowdhary Mohammad Iqbal today visited Seed Multiplication Farm Allowpora Shopian. He inspected different blocks of the farm and took stock of different activities aimed changing weather conditions. While speaking to the staff and technical experts of Allowpora Farm Director Agriculture said that Department from last one year has started an initiative and is endeavouring to optimize the utility of Departmental farms to attain self reliance in the field of seed requirement for Kashmir Division. We have already fixed bench marks and targets for every departmental farm in the valley so far as the production is concerned and after visiting different farms during the recent times we are satisfied and optimistic that we could achieve those targets in an eff...

Revised draft on WTO’s fisheries subsidies still ‘unbalanced’: Sources

Business
New Delh: Member countries of the World Trade Organization (WTO) will begin from Tuesday a clause-by-clause discussion on the revised draft negotiating text on fisheries subsidies while India has indicated that the text still remains “unbalanced”, sources said. On Monday, Ambassador Santiago Wills of Colombia, Chair of the Negotiating Group on Rules, introduced to Heads of Delegations a revised draft negotiating text on fisheries subsidies. Wills, who also chairs the fishing subsidy negotiations, told reporters that the objective of this final phase is to collectively evolve the draft text ideally into a completely clean text or at least as clean as possible, with only one or two issues left for ministers to decide during the forthcoming 12th ministerial conference. The conference is set t...