Internet ban hits e-payments, traders prefer to accept cash
The Internet ban has badly affected e-payments in Jammu and Kashmir since August 5 last year. The restoration of 2G Internet services has also failed to encourage card payments in the Union Territory. Despite restoration of the 2G Internet for the white-listed websites, particularly for banking sites, traders avoid receiving payments through PoS (point of […]
Honda Activa 6G, road test review: Keeping up with modern times?
Ruling like a regal monarch in a hotly contested two-wheeler segment in India requires a whole lot of poise and character. And the Activa from Honda has had ample doses of both. Since its launch about 20 years ago, the enormously popular scooter has been a firm favourite and in its latest version, is determined […]
Coronavirus in China to make drugs expensive in India
New Delhi: The prices of generic drugs in India are likely to go up due to the country”s excessive dependence on the imports of active ingredients from China, which has been hit by the novel coronavirus epidemic. While noting that Indian imports are highly dependent on China, the Confederation of Indian Industry (CII) in its […]
Tourism sector witnesses 70 percent decline in revenue since August: Report
Srinagar The J&K tourism sector has witnessed 70 per cent decline in revenue after the Centre abrogated Article 370, which provided special constitutional status to the erstwhile state, reported The Tribune. According to report, documents from the Union Ministry of Tourism have revealed that after the issuance of security advisory on August 2, J&K has witnessed […]
Bad loans to rise in 2020, says RBI
Mumbai: Asset quality of commercial banks could worsen next year primarily due to the economic slowdown, increase in slippages and declining credit growth, warned the Reserve Bank of India (RBI) on Friday. The gross non-performing assets (GNPA) ratio may increase to 9.9 per cent by September 2020 from 9.3 per cent. “The RBI’s macro-stress tests for […]
Central banks’ gold buy highest since 1970s
Chennai: In 2019 net purchases of gold by central banks touched the highest level since fiat currencies came into existence in 1970s. RBI’s gold purchases too were at a decade-high level last year. Gold purchases by central banks stood at 668 tonnes in 2019, which was higher than 651.5 tonnes bought in 2018. Of this, 390 […]
Rumours kill tourist traffic to Kashmir.
By Muzamil Ahmad Bhat Srinagar: Additional deployment of forces coupled with rumours that the Central Government was going to do something big in Kashmir has declined the queries about the arrivals for Kashmir. Tourist’s footfall is likely to reduce in the month of August, as the rumours according to the people connected with tourist trade […]
GST Council trims rate on electric vehicles, chargers to 5 pc
The high-powered GST Council on Saturday decided to reduce the tax rate on electric vehicles (EVs) to 5 per cent from the existing 12 per cent, effective from August 1. It also slashed the Goods and Services Tax (GST) on EV chargers from 18 per cent to 5 per cent, an official statement said after […]
Rupee skids for 4th day; settles 6 paise down against dollar
Mumbai: The rupee depreciated by 6 paise to close at 69.04 against the US dollar on Thursday amid sustained foreign fund outflows and firm crude oil prices. Prolonged weakness in the domestic equity markets and a strengthening greenback further weighed on the local unit, forex traders said. At the interbank foreign exchange market, the rupee opened […]
AI Suffered Loss of Rs 430-Cr Due to Pak Air Space Closure
NEW DELHI — Air India suffered a loss of Rs 430 crore in the four-month period when air space was restricted by Pakistan after the Balakot air strikes, Civil Aviation minister Hardeep Singh Puri informed the Rajya Sabha on Wednesday. Replying to supplementaries during Question Hour, the minister said the government was committed to privatisation […]
