Friday, July 29, 2016
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J&K Bank opens Business Unit & Ext. counter in Jammu
Jammu; July 28: J&K Bank today commissioned one Business Unit at Chak Kana, Jammu and also opened an extension counter at new Government college of Engineering & Technology (GCET) Chak Bhalwal Mishriwala. The Bank’s Vice President and Zonal Head Jammu, Centra,l Arvind Gupta inaugurated the fully computerized business unit in presence of a large number of eminent guests and customers at Chak Kana in presence of Cluster Head Rajesh Gupta. The Zonal Head urged the participants to reap the benefits of products and services offered by the bank, which have been tailored to meet their varied financial needs. Branch Head Ravi Kant Sharma thanked the gathering and assured them of best services by the branch. Zonal Head along with Cluster Head also inaugurated an extension counter at new Gove...
Kashmir Times News Report
HCC wins Rs 1,750-cr contract from IRCON
NEW DELHI, July 26 (Agencies): Infrastructure major Hindustan Construction Company (HCC) today said it has won a Rs 1,749.59 crore contract from IRCON International to construct two tunnels and a bridge in Jammu and Kashmir. The contract for the tunnels and bridge on Katra-Banihal Section of Udhampur-Srinagar-Baramulla New BG Railway Line Project will be completed within 30 months, it added. "The contract involves construction of two main tunnels -- T13 & part of T14 totaling 12.8 km along with parallel safety tunnels -- a 200 m bridge adjoining these two tunnels and a station yard at Basindadhar," HCC said in a statement. This is the fourth order HCC has been awarded by IRCON International. The first order was to construct 11-km long Pir Panjal Railway tunnel, the longest transportati...
Kashmir Times News Report
Govt must protect Central Bank's Independence: Rajan
NEW DELHI,July 26 (Agencies): Taking on his detractors, Governor Raghuram Rajan today said the criticism that RBI killed growth with high rates was at odds with "received wisdom" of India being fastest-growing and urged the government to look beyond 'motivated criticism' to protect the central bank's autonomy. The outgoing Reserve Bank chief also rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices and not because of RBI's monetary policy measures, saying a significant part of decline in global prices has not been passed on domestically as the government has hiked excise on petrol and diesel. Rajan, who has decided against a second term amid a spate of attacks including some of personal nature, rejected the criticism that he has ...
Kashmir Times News Report
NGOs got Rs 50,000-cr from Abroad in past 3 yrs: Govt
DELHI, July 26 (Agencies): Over Rs 50,000 crore were received by the Non-Government Organisations (NGOs) in last three years, the Lok Sabha was told today. The acceptance and utilisation of foreign contribution by association or institutions is regulated under the provisions of Foreign Contribution Regulation Act (FCRA), 2010. "As on date, 33,091 NGOs are registered under the FCRA and the total funds received from abroad during the last three years and current year is Rs 50,944.54 crore," Minister of State for Home Affairs Kiren Rijiju told Lok Sabha in a written reply. The government monitor funds received by the NGOs and also complaints that are received from various sources including security agencies in this regard, he said. In 2014, penalty amounting to about Rs 60 lakh was impos...
Kashmir Times News Report
Modi Govt for fair deal to employees: Dr Jitendra
NEW DELHI, July 26 (Agencies): Modi Government is in favour of a fair deal to every section of employees and a series of reforms, initiated in the last two years, are also aimed in that direction. This was stated here today by 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 while speaking to a delegation of Northeast Customs Employees led by Member of Parliament, George Baker who held a meeting with him and sought his intervention for redressal of their grievances including the continued engagement of many of them as casual workers. George Baker brought to the notice of Dr Jitendra Singh that even though the delegation mostly comprised Customs employ...
Kashmir Times News Report
Govt notifies revised pay grades for employees, pensioners
DELHI, July 26 (Agencies): The government has notified a 2.57-time hike in basic salary of one crore government employees and pensioners following implementation of the 7th Pay Commission Recommendations. The recommendations, which will cost the exchequer annually Rs 1.02 lakh crore, were notified in a gazette yesterday. The minimum pay in central government with effect from January 1, 2016 will now be Rs 18,000 per month, up form Rs 7,000 per month. At the highest level of Cabinet Secretary, the salary would go up from Rs 90,000 a month to Rs 2.5 lakh. "With regard to fixation of pay of the employee in the new Pay Matrix as on 1st day of January, 2016, the existing pay (Pay in Pay Band plus Grade Pay) in the pre-revised structure as on 31st day of December, 2015 shall be multiplied by...
Kashmir Times News Report
Over 40% allottees returned DDA flats: Govt
NEW DELHI, July 21 (Agencies): Over 40 per cent of the houses allotted by the DDA under its Housing Scheme 2014 have been surrendered or cancelled with some allottees complaining about the size of the flats and locality, the government today said. "The DDA has informed that out of 25,039 flats for draw of lots in the Housing Scheme 2014, 10,653 flats have been surrendered or cancelled," Minister of State for Urban Development Rao Inderjit Singh said in a written reply in the Rajya Sabha. Most of the allottees have cited no reason for their decision to surrender the flats but some have pointed that the size and locality did not meet their requirements, he added. The rate of surrender of the houses possibly makes it one of the highest-ever in a housing scheme launched by the DDA. The De...
Kashmir Times News Report
India's nuclear generation to increase three times by 2024: Dr Jitendra
NEW DELHI, July 21: (Agencies): In reply to a question in Rajya Sabha today, 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 stated that India’s nuclear generation capacity is constantly on the rise and it will increase three-times by 2024 which is a target laid down by Prime Minister Narendra Modi. Dr Jitendra Singh said, at present there are 21 nuclear reactors in the country and the current power generation in 2016 is 5780 MW which will increase to 6780 after the new unit at Kudankulam begins functioning which has already passed the criticality phase. By 2019, the nuclear generation will be almost double to the extent 10080 MW followed by 13480 MW b...
Kashmir Times News Report

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