Thursday, January 19, 2017
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RBI Governor Urjit to brief Parliamentary Panel on demonetisation
NEW DELHI, Jan 18 (Agencies): RBI Governor Urjit Patel will brief here tomorrow a parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch. Besides, representatives of the Finance Ministry, including from the department of Economic Affairs, Financial Services and Revenue will brief the members of the Standing Committee on Finance headed by former Union Minister and senior Congress leader Veerappa Moily. Also, representatives of Indian Banks Association (IBA), State Bank of India (SBI), Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC) are scheduled to be present in the meeting. The meeting will discuss the "demonetisation of Indian currency notes of Rs 500 and Rs 1,000 and the impact thereof...
Kashmir Times News Report
Is the RBI Gov taking decisions or PM, asks Cong
SHILLONG, Jan 18 (Agencies): The Congress today accused the BJP-led NDA government at Centre of "diluting the integrity of the Reserve Bank of India (RBI)" and making it vulnerable to corruption due to the demonetisation drive. "Is the RBI Governor taking the decision or Prime Minister Narendra Modi? The manner in which RBI's Governor is acting poses a threat to the nation," Meghalaya Chief Minister Mukul Sangma said. Speaking to newsmen after a meeting of the Meghalaya Pradesh Congress Party (MPCC) chaired by AICC coordinator in-charge Meghalaya Takam Sanjoy, Sangma said, "The integrity of RBI, which is crucial, has been diluted (by Modi)." Sanjoy announced protest to gherao the RBI office here by Congress on Wednesday as a mark of voicing resentment against the "grossly mishandled" d...
Kashmir Times News Report
3 inter-state road projects submitted to centre for sanction: Veeri
JAMMU, Jan 17: Minister for R&B and Parliamentary Affairs Abdul Rehman Veeri today informed the house that the government has recommended three inter-state road connectivity projects to the Centre for sanction. Replying to a question by Naresh Kumar Gupta in the upper house, the Minister said that improvement/upgradation of Bhaderwah-Chamba road has been taken up for execution at a cost of Rs 73.33 crore under Inter-State Connectivity project. He said Rs 70.32 crore has been expended on this road till date and added that the road stands completed upto black top specification. The Minister informed that Union Ministry of Road Transport and Highways has approved in principal declaration of Lakhanpur-Mahanpur-Basholi-Dunear as new National Highway in the state. The Minister further inform...
Kashmir Times News Report
Cong demands resignation of Urijit, says party will gherao 4 RBI offices
MUMBAI, Jan 16 (Agencies)Congress today demanded the resignation of RBI Governor Urjit Patel over the apex bank's "loss of autonomy" and said the party will gherao RBI offices in Mumbai, Nagpur, Bangalore and Ahmedabad on January 18 over the issue of demonetisation. Maharashtra Congress president and former state Chief Minister, Ashok Chavan, will lead the protest in Mumbai, while the Leader of Opposition in legislative Assembly, Radhakrishna Vikhe Patil, will participate in Nagpur. Former Maharashtra Chief Ministers Prithviraj Chavan and Sushilkumar Shinde will take part in the protests in Bangalore and Ahmedabad respectively, it was decided at a party meeting here today. "Similarly, the party has also planned to hold a state-level convention in Mumbai on January 29 over the issue of ...
Kashmir Times News Report
RBI raises ATM withdrawal limit to Rs 10,000 per day
NEW DELHI, Jan 16 (Agencies): In a major relief for the common man post the demonetisation move, the Reserve Bank of India on Monday raised the cash withdrawal limits from ATM to Rs 10,000 per days from the existing Rs 4,500. However, cash withdrawal through cheque for saving bank accounts have been retained at Rs 24,000 per week. The RBI also hiked the cash withdrawal from current accounts to Rs 1 lakh per week from the existing Rs 50,000. As per the RBI statement, the limit on withdrawals from ATMs has been enhanced from the current limit of 4,500/- to 10,000/- per day per card (It will be operative within the existing overall weekly limit). The limit on withdrawal from current accounts has been enhanced from the current limit of ? 50,000/- per week to ? 1,00,000/- per week and it e...
Kashmir Times News Report
Modi replaces Gandhi on KVIC Calendar
NCP leader says controversy unnecessary
NEW DELHI, Jan 15 (Agencies): Amid a row over Narendra Modi replacing Mahatma Gandhi on KVIC calendars and diary, NCP leader Praful Pratel today said no controversy should be made in the matter as the Prime Minister is using Charkha which is Gandhi's gift to the nation. "Charkha is Mahatma Gandhi's gift to the nation. Country's PM is using a charkha & I feel there is no need to create a controversy over it," he said in a tweet. Haryana Minister Anil Vij had yesterday said that Modi is a "better brand" than Mahatma Gandhi whose image did not help khadi and led to devaluation of Indian currency. He was responding to controversy that erupted over Modi's photo on the calendars and diaries brought out by Khadi and Village Industries Commission (KVIC) for this year. "It is a good move to re...
Kashmir Times News Report
LMD conducts surprise inspection, imposes fine worth Rs 30300
SAMBA, Jan 14: A team of Legal Metrology Department comprising Assistant Controller Ajay Verma and Inspector Narinder Makhnotra conducted inspection of various business establishments at Diani, Samba, Vijaypur, Bari Brahmana and adjoining areas and booked the defaulters. The team inspected various business establishments including petrol pumps, general store, sweet shops, Karyana shops and provisional stores for their compliance with regard to different provisions of J&K Standard of Weights and Measures Enforcement Act 2011(Amended) and Packages Commodities Rules. A penalty of Rs 30300 was imposed on the erring trader?s for violation of the prescribed norms. The department booked a Mumbai based Company at Bari Brahmana for selling the aluminum foil without mandatory declaration as re...
Kashmir Times News Report
Consultations are not infringement of RBI's autonomy: FM
NEW DELHI, Jan 14 (Agencies): Refuting allegations of interference by an RBI union, the finance ministry today said the government fully respects independence and autonomy of the Reserve Bank of India. "Consultations between the government and RBI are undertaken on various matters of public importance wherever such consultation is mandated by law or has evolved as a practice. Consultations mandated by law or as evolved by practice should not be taken as infringement of autonomy of RBI," the ministry said in a statement. The United Forum of Reserve Bank Officers and Employees in a letter to RBI Governor Urjit Patel had said employees were feeling "humiliated" by events since demonetisation and alleged that the government has been impinging on the central bank's autonomy by appointing an ...
Kashmir Times News Report
Accept money from parties, but vote only for AAP', Kejriwal does it again in Punjab
Jalandhar, Jan 14 (Agencies): Thumbing his nose at the Election Commission, Arvind Kejriwal today asked voters in Punjab to accept money offered by political parties but "fool" them by voting only for AAP, days after Goa's poll panel chief took cognizance of similar remarks allegedly made by the Delhi CM. "The state goes to polls on February 4. All parties will give you money. Accept it, but vote only for AAP," Kejriwal told a gathering in Punjab's Jalandhar during electioneering. Goa Chief Electoral Officer Kunal had said on January 9 that he had had received information about Kejriwal asking people to accept money to vote and that he would send a report to the Election Commission of India for further action. The report, however, was not sent to the EC till yesterday. "We had sought ...
Kashmir Times News Report
88% pension accounts linked to 'Aadhar': Dr Jitendra
NEW DELHI, January 12: Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh disclosed here today that 88% of pension accounts of Central Government employees have already been linked to the respective "Aadhar" number. This, he said, is a commendable achievement considering the fact that the total number of "Aadhar' Cards in the country today is around 100 crore, out of which over 40 crore are linked with bank accounts, whereas as far as the Central Government Pensioners are concerned, there are hardly 10% to 12% whose accounts are yet to be linked with "Aadhar" number and thus the target of 100% is likely to be achieved very soon. Dr Jitendra Singh was pres...
Kashmir Times News Report
Sahara-Birla papers
SC rejects plea seeking SIT probe against Modi
NEW DELHI, Jan 11 (Agencies): The Supreme Court on Wednesday rejected a plea seeking SIT probe against Prime Minister Narendra Modi and other politicians, on allegations of receiving money from two business houses, Aditya-Birla Group and Sahara. While delivering its order, the apex court bench said, no case is made out to direct probe against political persons and officers as the plea is meritless. The SC further said that Income Tax Settlement Commission has also found prima facie that material recovered from Sahara were fabricated. 'Common Cause', an NGO, had filed a affidavit in the Supreme Court seeking a court- monitored SIT investigation into the raids on two business houses in 2013-14 after which bribery allegations have been made against against politicians including the Prime ...
Kashmir Times News Report

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