Valley in darkness, tourists planning to leave

Gulmarg has power, but faces shortage of water

MUKEET AKMALI

Srinagar Jan 8: With Valley reeling under darkness following a snowfall on Saturday, tourists not usually used to such power outages, are facing huge inconvenience, with many among them planning to leave.  Tourism traders said although the snowfall was good for the industry as it will enhance More

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JK produces `650 lakh cocoon yearly

Efforts on to make agriculture income generating industry: Mir

GK NEWS NETWORK

Kunzer, Jan 8: Minister for Agriculture, Ghulam Hassan Mir has said that all out efforts are being made to make agriculture sector an income generating industry.  He asked people especially youth to take keen interest in agriculture and its allied sectors as “there is vast potential More

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RBI may go for rate cut

PRESS TRUST OF INDIA

New Delhi, Jan 8: Private-sector lender Dhanlaxmi Bank has said the Reserve Bank may go for a rate cut in the mid-quarterly monetary policy review later this month if the headline inflation comes down.  "RBI may go for a rate cut but a lot will depend on the WPI inflation numbers that will More

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Economy to grow by 7 pc this fiscal: Prime Minister

PRESS TRUST OF INDIA

Jaipur, Jan 8: Acknowledging that the country is going through "difficult times", Prime Minister Manmohan Singh today said the economy is expected to grow at 7 per cent this fiscal and expressed optimism that the rhythm of growth process would be brought back to 9-10 per cent.  Addressing More

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FIIs invest `6,500 cr in first week of New Year

PRESS TRUST OF INDIA

Mumbai, Jan 8: Overseas investors have pumped nearly Rs 6,500 crore into the Indian market, including stocks and bonds, in the first week of the New Year.  Between January 2-6, foreign institutional investors (FIIs) purchased equities and debt securities worth a gross amount of Rs 15,168 More

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‘New currency security features to reduce counterfeiting’

PRESS TRUST OF INDIA

Dewas, Jan 8: Reforms for improving security features in notes and coins will ensure reduced incidence of counterfeit currency, Finance Minister Pranab Mukherjee said today.  "I am confident that as a result of the comprehensive reforms being undertaken in the area of currency and coinage over More

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Gold prices may touch $ 2,000 in 2012: Study

PRESS TRUST OF INDIA

New Delhi, Jan 8: Gold prices are likely to increase for the third consecutive year and would touch a record high of USD 2,000 an ounce in 2012, said a survey.  According to the annual London Bullion Market Association (LBMA) survey which covered 26 precious metal analysts, the average forecast More

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Fuel hike unlikely before polls

AGENCIES

New Delhi, Jan 8: Politics will prevail over business. In spite of the rupee's slide and flaring crude costs, the government will not raise fuel prices before polls in five key states unless there is an "unusual spike" in international oil prices. "I don't see a change in (retail) rates happening More

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CAPD team inspects Pampore LPG plant

GK NEWS NETWORK

Srinagar, Jan 8: A team of officials of Consumer Affairs and Public Distribution (CAPD) today visited Pampore LPG filling plant to assess the stock of cooking gas.   The team was led by Deputy Director Shafkat Iqbal, the CAPD in a statement said. Meanwhile, 25 trucks laden with More

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India wants to pay for Iranian crude in rupees

PRESS TRUST OF INDIA

New Delhi, Jan 8: Fearing that fresh US sanctions may block a six-month-old conduit used for paying for Iranian crude, India wants to pay its second largest oil supplier in rupees.  The issue is likely to figure prominently when a multi- disciplinary team visits Tehran on January 16 to discuss More

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India's IT industry bets on growth despite uncertainty, slow down

INDO ASIAN NEWS SERVICE

Bangalore, Jan 8: The Indian IT industry is hopeful of maintaining its growth momentum in 2012 despite global economic uncertainty and concerns over the fallout of the sovereign debt crisis in Europe.  "The Indian IT sector, especially software services, will do well to sustain the growth More

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Bank watch

Sajjad bazaz

When dangerous is safe!Online banking is recognized as one of the fastest-growing Internet activities. But the growing popularity has been accompanied with increasing anxiety among the people over whether a bank account can be fully protected in the relatively unregulated world More

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