Budget 2010-11 disappoints Kashmir Inc

‘Fuel price hike to hit Valleyites more’

RABIA NOOR

Srinagar, Feb 27: President Kashmir Chamber of Commerce and Industry (KCCI) Nazir A Dar today said the union budget 2010-11 had come against their expectations vis-à-vis Kashmir-centric incentives. “We were expecting the budget would announce some Kashmir-centric incentives and policies, More

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Transporters seek fare hike

GK News Network

Srinagar, Feb 27: All Kashmir Transporters’ Welfare Association, General Bus Stand, Batamaloo today appealed to the government for enhancing the passenger fares in view of hike in oil prices. At a meeting held today with its general secretary Shiekh Muhammad Yousuf in chair, the members said More

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JK Bank hails customer’s honesty

GK News Network

Srinagar, Feb 27: J&K Bank has highly appreciated an outstanding gesture of one of its customers for returning the excess cash to the bank.  An employee of the power development department and hailing from Dalgate area, Muhammad Ashraf Bawan, approached the Bank’s CD Hospital branch with More

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Awareness camp on IHDC held

GK News Network

Srinagar, Feb 27: Senior vice president, KCCI, Abdul Hamid Punjabi inaugurated an awareness camp on Integrated Handloom Development Scheme (IHDC) of union ministry of textiles at Saidapora, here. The camp was organized by Directorate of Handloom Development, J&K and among others was attended More

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Saroori hails ‘liberal funding’ for highway

GK News Network

Jammu, Feb 27: Minister for Roads and Buildings, G. M. Saroori today called on Union Minister for Road, Transport and Highways, Kamalnath and expressed thanks for liberal funding for J&K State for the ambitious 4-laining of Jammu-Srinagar Highway project, the work on which will start from April 1 More

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3G auction to be completed in 2 months

PRESS TRUST OF INDIA

Mumbai, Feb 27: Prime Minister's IT Advisor Sam Pitroda today said the Government expects to complete the auction of 3G spectrum in the next two months. "This (the 3G auction) will be completed in the next 60 days. The operators would start offering the service this calendar year itself," More

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SENSEX GAINS 238 PTS THIS WEEK

Press Trust of India

Mumbai Feb 27: The Sensex shot up 237.92 points to end at 16,429.55 in a volatile week, while welcoming the Budget 2010-11 for its investor and industry friendly measures, and lower fiscal deficit projection.  The Bombay Stock Exchange benchmark Sensex gained 237.92 points or 1.47 per cent to More

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Govt to earn Rs 40,000 cr from excise hike, petro duties

PRESS TRUST OF INDIA

New Delhi, Feb 27:  The government today said it will earn an additional Rs 40,000 crore from the hike in excise and restoration of duties on petroleum products, while it will lose Rs 21,000 crore due to income tax sops. Of the Rs 40,000 crore, Rs 14,000 crore would come from excise More

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Full stimulus exit only after robust recovery: FM

INDO-ASIAN NEWS SERVICE

New Delhi, Feb 27: The fiscal stimuli since December 2008 to prime the Indian economy will be withdrawn fully only when the recovery is robust and sustained, Finance Minister Pranab Mukherjee said Saturday, a day after presenting the budget for 2010-11. "I am committed to fiscal consolidation More

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Fuel price hike won't push up inflation: Montek

Press Trust of India

New Delhi, Feb 27: The Planning Commission today sought to play down fears that the hike in excise duty on petroleum products would lead to a surge in inflation. "The excise hike (on petroleum products) was the right thing to do. I don't think the hike will stroke inflation," the Planning Commission More

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