RBI measures to help revive economy: SBI Chairman
Mumbai: The steps announced by the Reserve Bank of India including reduction in repo rate and extension of moratorium on term loans for another three months will help in quick revival of the economy, State Bank of India chairman Rajnish Kumar said. The RBI on Friday slashed repo rate by 40 basis points to 4 […]
Centre releases Rs 1,160 cr to Nafed for buying pulses, onion
New Delhi: The Centre has released Rs 1,160 crore to cooperative Nafed for undertaking procurement of rabi pulses grown in the crop year 2019-20, directly from farmers for building a buffer stock of onion and pulses, a senior government official said on Friday. The fund has been made available through the Price Stabilisation Fund (PSF) […]
RBI ramps up economic support; cuts interest rates, extends loan moratorium
Mumbai: The Reserve Bank of India (RBI) on Friday slashed interest rates, extended moratorium on loan repayments and allowed banks to lend more to corporates in an effort to support the economy which is likely to contract for the first time in over four decades. The benchmark repurchase (repo) rate was cut by 40 basis points […]
‘No restrictions on utilisation of additional borrowing by states’
New Delhi: The Centre has not imposed any restrictions on states for utilisation of additional borrowing of 2 per cent and they are free to spend as per their requirements, a senior Finance Ministry official has said. It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional […]
FinMin sanctions Rs 92,077 cr to states as devolution of central taxes
New Delhi: The government on Thursday said it has released Rs 92,077 crore towards devolution of central taxes to states for April and May. In a tweet, the Office of Finance Minister Nirmala Sitharaman said, “GoI has released a total amount of Rs 92,077 crore, as state’s share in the devolution of central taxes and […]
Rupee gains 19 paise on hopes of forex inflow as economic activities resume
Mumbai: The rupee rose by 19 paise to close at 75.61 against the US currency on Thursday on dollar selling by banks following gains in equities and weakness in the greenback. Gradual reopening of the economic activities including air and rail travel bolstered the rupee sentiment, forex dealers said. The rupee, however, witnessed high volatility […]
Govt issues detailed guidelines regarding elimination of intermediary brokers, marketing of farm produce
Measures afoot to ensure e-marketing facilities for farmer: Navin Choudhary
JAMMU: The Jammu and Kashmir government, as part of its measures being initiated in the wake of COVID Lockdown, has issued detailed guidelines regarding elimination of intermediary brokers, buyers, distributors, decongestion of major fruit and vegetable Mandies across Jammu & Kashmir besides timely marketing of Agricultural and Horticultural produce. It may be recalled that Agriculture […]
15th FinComm to meet its high level group on health sector on Thursday
New Delhi: The 15th Finance Commission will hold a virtual meeting with its high level group on health sector on Thursday to discuss requirement of increased resources and manpower in the context of COVID-19 pandemic. The high level group (HLG) on health sector under AIIMS Director Dr Randeep Guleria had in August 2019 submitted its final […]
World Bank Funded JTFRP Developmental Works to be restarted in Jammu Province from next week
Adhere Strictly to Standard Operating Procedure during execution of works: CEO JKERA/JTFRP
JAMMU: Wheel of progress to restart in Jammu with the start of work on many road and bridge sub-projects under the World Bank funded Jhelum Tawi Flood Recovery Project (JTFRP), reads a communiqué of DIPR-JK. Dr. Syed Abid Rasheed Shah, Chief Executive Officer, JKERA/JTFRP today directed the engineers and contractors working on the project to […]
RBI reiterates usage of digital modes for banking transactions
Mumbai: As the country continues to be under lockdown, the Reserve Bank of India (RBI) on Wednesday reiterated usage of digital modes for banking transactions. Earlier this week, the National Disaster Management Authority (NDMA) announced lockdown 4.0 till May 31 to check the spread of coronavirus. The use of digital payment modes has become more […]
