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Sacrificial Animal Sales Soar In Valley

Markets Abuzz on Eid Eve    Srinagar – Livestock markets with large numbers of goats and sheep are doing roaring business ahead of Eid-ul- Azha. Prospective customers thronged the Eidgah ground on Wednesday to select the animals of their choice for the sacrifice scheduled to take place on Saturday. The sacrificial animals worth Rs 90 […]

Ahead of Eid, over Rs 116 cr withdrawn from ATMs in state

Srinagar – With people on a shopping spree, transactions worth more than Rs 116 crore were done from different Automated Teller Machines (ATMs) of Jammu and Kashmir Bank in last three days across the state. A bank official here said more than two lakh people withdrew over 116 crore from the ATMs as shoppers thronged […]

Akhoon calls on PM

Expresses gratitude for construction of Z-Morh tunnel New Delhi – Minister for Consumer Affairs and Public Distribution (CAPD), Qamar Ali Akhon paid a courtesy call on Prime Minister Dr. Manmohan Singh to express his gratitude on behalf of the people of Kargil for approving construction of Z-Morh Tunnel on Srinagar-Kargil- Leh National Highway (NHW). The […]

Jewellery Stocks Sparkle

Zoom 34% On Festive Demand Bolstered by hopes of robust demand in the ongoing festive season, shares of jewellery retailers, including Tribhovandas Bhimji Zaveri, have given as much as 34 per cent higher returns to investors so far this month. Market experts attributed the rally in these stocks to the rising gold prices and hopes […]

Don’t harass customers unreasonably, Itoo to LPG dealers

Srinagar – Minister for Social Welfare, Sakina Itoo said that during last four years of Omer Abdullah regime, special focus has been given on road connectivity, construction of bridges, providing basic health care to the common people. Addressing a gathering including Panchs and Sarpanchs, she said, “The three main sectors Education, Health and construction of […]

Scarce Fuel Supply Affecting 65,000 Mw Power Capacity: Report

New Delhi – Close to 65,000 MW of power generation capacity is held up in the country due to shortage in fuel supply by state-run Coal India, says a report. According to the latest CEA report, as many as 47 power stations suffered scarcity of fuel with stocks that could not last more than a […]

Poor Are ‘More Prompt’ In Repaying Loans

New Delhi – India’s poor are more prompt in repaying loans and deserve access to more financial services, Finance Minister P. Chidambaram said on Tuesday. The poor in India, he said, were ethical and not bad borrowers, and asked banks and financial institutions to make extra efforts to lend more to those in the bottom […]

Cabinet To Discuss Bill To Regulate Realty

New Delhi – The Union Cabinet on Thursday is likely to discuss a central law to regulate the growing real estate sector and also protect the interests of home buyers. The housing ministry’s draft legislation seeks to set up a watchdog for regulation and planned development of the hitherto uncontrolled sector, which will also ensure […]

SEBI Seeks Strong Legislation To Check Public Money Collection

MUMBAI – Market watchdog Sebi has asked the government to frame a strong central legislation to tackle the menace of companies collecting large amount of money from the public without requisite regulatory approvals and for dubious investment projects. Stating the existing legal provisions are weak and allow such companies to benefit from certain loopholes in […]

Home Loans Will Grow 20% On Rate Cuts: National Housing Bank

Housing finance regulator National Housing Bank expects a growth of 20% in loans this fiscal, up from 17% in 2011-12, with lenders slashing rates and reducing other charges. Mortgage lending business has become competitive with state-run banks aggressively cutting rates and waiving processing fees, besides doing away with the pre-payment penalty, making it easier for […]