‘Institutional mechanism essential for Islamic banking’

Interest-fee transactions gaining popularity at rapid pace: VC KU

MOAZUM MUHAMMAD

Srinagar, June 3: Vice chancellor, Kashmir University, Prof Talat Ahmad today said the Islamic banking and insurance has registered a 10 to 15 per cent annual growth during last decade. He said the interest free banking has been gaining popularity at such a rapid pace that Islamic financial More

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And the award goes to…

Srinagar, June 3: The Institute of Objective Studies, New Delhi, Friday awarded the leading entrepreneurs, financial institutions and charity organizations for their contribution to the society. Young entrepreneur Ashiq Banday of Rehmat Spices, a Valley-based company, was More

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JKLM to set magnesite plant in joint venture

Govt keen to revive all PSUs

GK NEWS NETWORK

Srinagar, June 3: In a bid to exploit state’s huge magnesite reserves, the J&K Minerals Limited in joint venture with the National Mineral Development Corporation (NMDC) has started construction of a modern magnesite plant at Panthal, Jammu.  The plant, first of its kind in J&K, is More

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Omar approves Rs 3 cr for tourism incentive package

GK NEWS NETWORK

Srinagar, June 3: Chief Minister, Omar Abdullah has approved an additional allocation of Rs 3 crore for Tourism Department which can be enhanced to Rs 5 crore at the time of revised estimates.  The amount has been granted under the package of incentives for tourism to develop tourism infrastructure More

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Copter seat allocation enhanced to hotel industry

GK NEWS NETWORK

Srinagar, June 3: Governor, N N Vohra has enhanced the quota of helicopter seats for the hotel and hospitality industry in J&K for the ensuing Amarnathji Yatra. The governor, who is also the chairman of Amarnath Shrine Board, took the decision while interacting with a deputation of the More

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HDFC Bank opens branch in Budgam

Srinagar, June 3: HDFC Bank, one of the premier banks in the country, today inaugurated its 18th branch in Jammu and Kashmir.  The branch at Budgam is the 1st branch of any private sector bank in the district.  Amongst the private banks, HDFC Bank currently has the largest network More

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Snow-Cap increases procurement price of milk

Srinagar, June 3:  The JKMPCL has decided to increase the milk procurement price from Rs 17 to 18 per kg with immediate effect.  According to plant Incharge J&K Milk Producers Co-operative Limited Cheshmashahi, here the Board of Directors of JKMPCL at its 38th board meeting decided to More

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