MHA amends FCRA rules, allows relatives living abroad to send up to Rs 10 lakh to Indians without restrictions
New Delhi: The Union Home Ministry has amended certain rules related to the Foreign Contribution (Regulation) Act (FCRA) allowing Indians to receive up to Rs 10 lakh in a year from relatives staying abroad without informing the authorities. The earlier limit was Rs 1 lakh. In a notification, the home ministry also said if the […]
Rupee rebounds from all-time low, rises 12 paise to 78.94/USD
Mumbai: Snapping its five-session losing streak, the rupee rebounded from its lifetime low to close 12 paise higher at 78.94 against the US dollar on Friday amid efforts by the government to curb gold imports and check the current account deficit. The Centre on Friday said it has hiked the gold import duty to 15 […]
Markets slip for 3rd day as fag-end rebound loses steam; RIL tumbles 7 pc post oil export tax
Mumbai: The BSE Sensex pared most of its losses to end modestly lower on Friday, pressured by a sharp decline in index heavyweight Reliance Industries after the government imposed an export tax on petroleum products. The 30-share benchmark dived over 900 points in early trade, but clawed back lost ground on fag-end buying. It finally […]
Commercial LPG price cut by Rs 198; no change in ATF rate
New Delhi: Price of commercial LPG, used by hotels, restaurants and other business establishments, was cut by Rs 198 per 19-kg cylinder on Friday in line with softening international rates. A 19-kg commercial LPG cylinder now costs Rs 2,021 in Delhi as against Rs 2,219 previously, according to a price notification from state-owned fuel retailers. […]
KVIB establishing industrial ecosystem across J&K to nurture budding entrepreneurs: Govt
SRINAGAR: Jammu and Kashmir Khadi & Village Industries Board (KVIB) is establishing and nurturing an entrepreneurial ecosystem under micro and village industries sector across the Union Territory of Jammu and Kashmir. KVIB has an important role in Employment Generation, through various schemes they are implementing in J&K. KVIB significantly improves Sustainable development of Village and […]
J&K Bank commissions 3 ATMs in Srinagar
SRINAGAR: Deepening its footprint further to meet the growing banking needs of the people, J&K Bank today commissioned three more ATMs in Srinagar taking the Bank’s ATM network in Kashmir to 837 and to 1409 in the country. The Bank’s MD & CEO, Baldev Prakash today snapped the inaugural ribbon of the ATM at Kralsangri, […]
Director Horti Kmr inspects sale counters, stalls setup in Yatra Transit Camps
SRINAGAR: The Director Horticulture Kashmir, Ghulam Rasool Mir today inspected various sale counters/stalls of fresh/dry fruits/canned products and other horticulture produce setup by Horticulture Department in district Anantnag, Bandipora, and Ganderbal in Yatra Transit Camps at Walnut Factory Shampora Qazigund; FCI Godown, Mirbazar; Shadipora Bandipora and Manigam Ganderbal respectively. The said sale counters/stalls have been […]
Rupee slips 3 paise to fresh low of 79.06
Mumbai: Sliding for the fifth straight session, the rupee fell 3 paise to close at a fresh lifetime low of 79.06 against the US dollar on Thursday amid a strong greenback overseas and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened at 78.92 against the greenback and witnessed an intra-day […]
Govt taking measures to help MSMEs increase exports: PM
New Delhi: Prime Minister Narendra Modi on Thursday said his government is taking measures to help small businesses increase exports and is framing new policies that will help the sector realise its potential. Launching several key initiatives for micro, small and medium enterprises (MSMEs) at the ‘Udyami Bharat’ programme, the Prime Minister emphasised that it […]
Rupee relatively better placed than other global currencies against dollar: FM
New Delhi: Amid the rupee declining against the US dollar, Finance Minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback. Emerging market currencies have been falling against dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude […]
