Valley fruit industry incurs Rs 300 cr losses

Weather tantrums

RABIA NOOR

Srinagar, June 27: The persistent rains and dip in temperature during past three months here have badly hit the Valley fruit industry, with growers and experts pegging the cumulative losses to the sector at 300 crore. “Not only non-stop rains, but cold temperatures have also damaged the fruits More

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Rs 59 cr being spent in Gurez Valley

TARIQ RASOOL

Bandipora, June 27: Government is spending Rs 59 crore on various developmental activities in Gurez assembly segment of this district in the current financial year. Deputy Commissioner Bandipora Manzoor Ahmed Lone stated this while addressing an officers’ meeting in Gurez the other day.
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KCCI urges govt to restrain forces

GK NEWS NETWORK

Srinagar, June 27: The Kashmir Chamber of Commerce and Industry has urged the state government to restrain security forces from violating human rights. According to a statement, a meeting was held on Saturday in which the recent killings of innocent youth were condemned and the Chamber impressed More

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Govt revises tax info exchange treaty

PRESS TRUST OF INDIA

New Delhi, June 27: The government has approached 65 countries,  including Switzerland and tax haven nations, to revise a tax information  exchange treaty with them to include fresh details while sharing  bank-related information of individuals and other entities. The Finance Ministry More

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Replace dividend distribution tax with withholding tax: FICCI

PRESS TRUST OF INDIA

New Delhi, June 27: The cost of doing business in India could come down if the Dividend Distribution Tax (DDT) on foreign shareholders is replaced by a withholding tax, industry body FICCI said on Sunday.  DDT is levied by the government on companies based on the dividend distributed to its More

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Of cheque clearing issues

If there is any delay in cheque collection beyond the stipulated period, the customers are entitled to interest at the rate specified in the cheque collection policy of the bank.

Bank watch By Sajjad bazaz

IN response to the article, Cheque: An instrument of credibility, which appeared in this column a few weeks back, some of the readers have raised several questions about this instrument of credibility. One of the readers has asked what if a cheque gets lost in transit. Basically, he has quoted several More

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