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    Govt to facilitate cashless PDS by Dec 2017

    As a sequel towards facilitating state’s consumers in view of recent demonetization, the Jammu and Kashmir government will extend cashless Public Distribution System till December 2017 with installation of Point of Sales (PoS) machines on every Fair
  •  Minister for Food, Civil Supplies and Consumer Affairs Choudhary Zulfkar Ali

    Airfare Hike: JK Writes to Union Govt

    A Expressing concern over steep rise in airfares especially on J&K sector, Minister for Food, Civil Supplies & Consumer Affairs, Chowdhary Zulfkar Ali has sought the intervention of the concerned authorities in the Government of India
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    RBI Increases ATM Withdrawal Limit To Rs.10,000 Per Day

    In a welcome move, the Reserve Bank of India (RBI) on Monday decided to increase the cash withdrawal limit from ATMs to Rs 10,000 per day from the present Rs 4,500 with immediate effect.
  •  Minister for Finance, Dr Haseeb Drabu

    FM hails house consensus on roadmap for JK’s economic growth

    Welcoming the broader consensus reached in the house regarding various reformative initiatives flagged in the Budget 2017-18, Minister for Finance, Dr Haseeb Drabu today said it marks the beginning of a progressive trend
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    No More Service Charges In Hotels, Restaurants

    The Government has prohibited the hotels and restaurants from billing ‘Services Charges’ on customers.Following directions by the Minister for Food, Civil Supplies & Consumer Affairs, Choudhary Zulfkar Ali,
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    DCs Now Monitoring Authority for PDS

    Government has designated Deputy Commissioners of all the 22 districts of the State as District Monitoring Authority (DMA) for their respective districts to monitor the supply and distribution of commodities under the Public Distribution System.
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    Budget ‘copy paste’ downloaded from internet: NC

    Slamming the PDP-BJP government on budget, mainstream opposition National Conference today said the content of the budget presented by the Government is copied from the ‘Internet’ and already submitted in its proposals by other states.
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    Govt announces insurance scheme for crops, assets of public importance

    ”The PWD department has been advised to inspect and valuate them so that LOIs/ EOIs are invited. Since rules in vogue at present do not allow insurance of public assets and Government vehicles,
  •  J&K Bank chairman Parvez Ahmad presenting bouquet to Finance Minister Dr Haseeb A Drabu

    Govt announces Rs 532 Cr  additional capital infusion in J&K Bank

    Government Of J&K today announced an amount of Rs532cr as additional capital infusion in two tranches during next financial year to retain its strategic equity share of 53.17% in J&K Bank which was struggling to maintain its capital adequacy
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    Govt Not To Rollback Ration Price Hike

    Jammu and Kashmir Government today said that there was no proposal to roll back price hike in ration."Presently there is no proposal with the State Government to roll back price hike, because the Government is not financially sound.
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    Govt asks banks to obtain PAN of all account-holders by Feb 28

    The Union Government has asked the banks to obtain and link PAN or Form No 60 (where PAN is not available) in all existing bank accounts  by February 28.
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    Petrol pumps not to accept card payments from today

    Petrol pumps across the country will not accept credit and debit card payments for fuel sales from tomorrow (Monday) after banks decided to put transaction (MDR) charge on them instead  of consumers.
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    CRISIL Removes Negative Tag On JK Bank

    Global analytical company providing Ratings, Research and Risk & Policy Advisory CRISIL has reaffirmed the rating of fixed deposit of J&K Bank to FAA- and removed it from ‘Rating Watch with Negative Implications’. 
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    Ration Scam:20 Rice Trucks Meant For Kashmir ‘Disappear’ Midway

    In yet another mega scam involving the loot of food grains, at least 20 trucks loaded with rice meant for the Food Corporation of India’s (FCI) Baramulla, PEG, have reportedly been hijacked as they did not reach their scheduled destination
  • People outside the Reserve Bank of India (RBI) to exchange their old high-denomination banknotes in New Delhi on December 30. (Reuters)

    RBI allows NRIs to exchange old Rs500,Rs1000-banknotes up to June-2017

    Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017, the Reserve Bank of India said on Saturday.However, Indian citizens in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility.