SPO Runs Away With 7 Rifles, Licensed Pistol Of PDP MLA

SRINAGAR — A special police officer (SPO) on Friday decamped with seven assault rifles of colleagues from a police post guarding residence of a legislator at high security Jawahar Nagar area of the capital city. He also took licensed pistol of the legislator, PDP MLA from Wachi Shopian, police said and announced a reward of Rs […]

India’s Shadow Banking Sector Likely To Face Shake-Up

NEW DELHI — India`s burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation`s financial markets in the past week and reinforced worries about credit risk. Industry officials and experts say they expect Indian regulators to cancel the licences of as many as 1,500 smaller non-banking […]

IDBI-Board To Consider Allotment Of 51% Shares To LIC On Oct 4

MUMBAI — State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. In a regulatory filing, IDBI Bank said it has received a letter from LIC conveying approval of their Board of Directors for subscribing […]

Gold Extends Losses On Weak Global Cues, Muted Demand

NEW DELHI — Gold dropped by Rs 250 to Rs 31,300 per ten gram at the bullion market on Friday, extending its slide for the third straight day largely in tandem with a weakening global trend amid tepid demand from local jewellers. Silver followed suit and dropped by Rs 450 to Rs 38,000 per kg […]

2 J&K MLAs Declared ‘Wilful Defaulters’ By PNB

SRINAGAR — In an apparent name and shame exercise, the Punjab National Bank issued an advertisement Friday, declaring former minister in the Mehbooba Mufti government Imran Reza Ansari and his family members as “wilful defaulter” of loans to the tune of Rs 32 crore. “In public interest, it is informed that having been declared as a […]

Kumar Reviews Status Of Projects Undertaken By IT Deptt

SRINAGAR — With a view to review the status of various projects undertaken by the Information Technology department in the state, Advisor to Governor K Vijay Kumar today convened a meeting with the senior officers. The meeting was attended by Secretary IT, Saugat Biswas and other senior officers of the department. A detailed presentation was made […]

Publication Of Tenders In National Newspapers:Governor Admin Issues Guidelines 

SRINAGAR — The Governor’s administration Friday issued guidelines for publication of tenders of importance in the national newspapers for works and procurement of stores, stock, and services for Government Departments. According to the guidelines issued by the Principal Secretary Finance, Navin K Choudhary, advertisement charges of national dailies shall continue to be paid by the Information […]

Samoon Reviews Milk Price Paid By Companies To Dairy Farmers

SRINAGAR — Principal Secretary Animal, Sheep Husbandry, Dr Asgar Hassan Samoon convened the second meeting in three days regarding payment of remunerative prices to dairy farmers by buyers in Cooperative and Private sector. The meeting was attended by Director AH Kashmir Dr M Y Chaproo, representatives of Milk processing companies, officers of CAPD/SMC. Besides, Director Animal Husbandry Jammu […]

Abbas Rejects ‘Biased’ US As Sole Mideast Mediator

UNITED NATIONS —  Palestinian leader Mahmud Abbas tore into the Trump administration Thursday, refusing to accept the United States as the sole mediator in the Middle East conflict, a day after Donald Trump promised a “very fair” peace plan. The 82-year-old Palestinian Authority president used his address to the UN General Assembly to lambast the United […]

A Child Dies Every 5 Seconds, And Most Are Preventable Deaths: UN

LONDON — An estimated 6.3 million children died before their 15th birthdays in 2017, or one every five seconds, mostly due to a lack of water, sanitation, nutrition and basic healthcare, according to report by United Nations agencies on Tuesday. The vast majority of these deaths – 5.4 million – occur in the first five years of […]