Home Blog Page 152

FM Sitharaman at investors meet in US

0
FM Sitharaman at investors meet in US

New York, Sep 03: India recorded a “remarkable growth” of 7.8 per cent in the first quarter of fiscal year 2026-27 despite global disruptions, and against all odds, remains the fastest-growing major economy in the world, Finance Minister Nirmala Sitharaman said.

Sitharaman on Wednesday participated in a high-level business roundtable with investors, organised by the Consulate General of India in New York in association with Bank of America, New York.

Addressing investors, Sitharaman said that “despite global disruptions and against all odds, India continues to be the fastest-growing major economy in the world, recording a remarkable growth of 7.8 per cent in Q1 of FY 2026-27,” the Finance Ministry said in a post on X.

Sitharaman arrived here after participating in the G20 finance ministerial meeting in Asheville, North Carolina.

Sitharaman added that with its strong reform orientation, India has also provided greater regulatory certainty through a range of reforms, including the Insolvency and Bankruptcy Code.

“Such reforms have contributed to ensuring ease of compliance and reducing paperwork, which has remained a prime focus of the Government of India since it assumed office over a decade ago,” the post on X said.

She added that among the key areas on which the government has focused are creation of capital assets and providing sustained support to industry through infrastructure development, particularly aviation; fostering a friendly and conducive investment climate; promoting the development of AI and data centres; supporting global capability centres; ensuring credit availability to MSMEs; and reducing non-performing assets (NPAs) of banks.

These measures have helped create a more enabling business environment for banks and industry to thrive, grow and emerge stronger, the finance minister said.

Sitharaman further said that India has consistently remained committed to the path of fiscal prudence and fiscal discipline over the past several years, despite the ongoing challenges confronting the global economy since the onset of COVID-19.

She highlighted the investment climate in India that has improved significantly, with both the central government and state governments demonstrating greater keenness and competitiveness in attracting and facilitating investments in their respective regions.

Such efforts are part of the larger national endeavour towards achieving the vision of Viksit Bharat 2047, the minister said.

Earlier, in his welcome address, India’s Ambassador to the United States Vinay Kwatra said that the GDP numbers for the first quarter manifest the resilience of the Indian economy.

He said both India and the US can benefit from India’s fast-growing economic trajectory by creating stronger linkages between trade and investment between the two countries, according to the Finance Ministry’s post on X.

Greater Kashmir

Gujarat media delegation visits Chenab-Anji bridges, Salal project in Reasi

0
Gujarat media delegation visits Chenab-Anji bridges, Salal project in Reasi

A media delegation from Ahmedabad, currently visiting the Jammu region as part of a press tour organised by the Press Information Bureau (PIB), visited the Chenab Railway Bridge and Anji Khad Railway Bridge in Reasi district on Wednesday.

The visit provided the journalists with first-hand exposure to the scale, technological sophistication and engineering features of these railway infrastructure projects.

During the visit, senior railway officials briefed the delegation on the technical, structural and engineering aspects of both bridges, including their design, construction methods and the challenges involved in building them across the difficult mountainous terrain.

The Chenab Railway Bridge, known for its towering steel arch structure, incorporates advanced engineering measures to ensure structural stability, safety and resilience under challenging environmental conditions.

The delegation was also briefed on the Anji Khad Railway Bridge, India’s first cable-stayed railway bridge, and its unique design and construction techniques adopted to overcome the deep gorge and steep terrain.

The officials highlighted the significance of the two bridges as key components of the railway connectivity being developed to establish a reliable link between the Kashmir Valley and the rest of the country.

Railway officials informed that these projects strengthen connectivity, facilitate the movement of passengers and goods, support economic activity and contribute to the socio-economic development of the region.

The visiting journalists interacted with railway officials and sought information on the projects’ planning, construction, engineering challenges, safety measures, technological innovations and operational significance. The interaction provided them with a broader understanding of the role of major railway infrastructure in improving connectivity and supporting development in Jammu and Kashmir.

Later, the delegation visited the Salal Hydroelectric Project, where officials briefed the journalists on the project’s significance and its role in the region’s power generation infrastructure. The delegation was apprised of the project’s contribution to meeting energy requirements and supporting the development of the region.

The journalists also received an overview of the functioning and operations of the project, including its power generation facilities and other key aspects. The visit provided the delegation with first-hand insight into the importance of hydropower infrastructure in strengthening the region’s energy capacity.

The visit formed part of the PIB press tour aimed at providing media representatives with an on-ground perspective of major developmental and infrastructure initiatives in the region.

Greater Kashmir

DC reviews railway goods services for fruit transport in Anantnag

0
DC reviews railway goods services for fruit transport in Anantnag

Chairing a meeting at the Deputy Commissioner’s office, Bhat said civil administration, railway authorities, fruit associations and transporters must work together to make effective use of the available rail freight services and address logistical bottlenecks.

The meeting was attended by Additional Deputy Commissioner Dr Muzamil Maqbool, Assistant Commissioner Revenue Tariq Ahmad Malik, SDM Bijbehara Tanveer Ahmad Tanveer, the Chief Horticulture Officer, SDPO Bijbehara, officials from Anantnag Railway Station, the President of Fruit Association Qazigund and representatives of the Transport Association Anantnag.

Officials discussed the availability of railway goods services, operational arrangements and infrastructure required for smooth transportation of horticulture produce.

The meeting was informed that horticulture is one of Anantnag’s key economic sectors, with around 32,381 hectares under orchards and an annual fruit production of nearly 3 lakh metric tonnes. Given the large volume of produce, railway freight was described as an important option for timely dispatch to outside markets.

Officials also said Jablipora, Ashajipora and Batengoo are the district’s three major fruit mandis, serving as key collection and marketing centres for horticulture produce.

Participants discussed railway goods services as a cost-effective alternative to road transport, particularly during the peak apple harvest, to improve market connectivity for growers and traders.

The DC directed all stakeholders to take necessary measures for effective utilisation of the railway freight service to facilitate timely transportation of horticulture produce across the district.

Greater Kashmir

Nepal disaster highlights fragility of Himalayas: Karan Singh

0
Nepal disaster highlights fragility of Himalayas: Karan Singh

The former Jammu and Kashmir governor Karan Singh on Wednesday expressed deep sympathy with the people of Nepal over the loss of life and property in the recent disaster and called for a coordinated regional effort to protect the fragile Himalayan ecosystem.

As per a statement issued, Karan Singh said that the cataclysmic events in Nepal have led to a considerable loss of life and property. I would like to express my deep sympathy with the people of Nepal in this hour of tragedy. My late wife was from Nepal and, therefore, I have a special attachment with that beautiful country and its people.

I must add that the event that triggered the disaster took place in Tibet. In a way the episode has once again reminded of the fragility of the Himalayan region.

This is why many lovers of the Himalayas, like myself, have constantly been urging that the Government of India must take some proactive role in saving the Himalayas from destruction.

The destruction that 4-lane roads in such delicate areas, as the Char Dham in Uttarakhand is reprehensible. This involves massive blasting and widening of the roads. In my view 4-lane roads should totally banned in the Himalayas.

There is no reason why tourists and pilgrims cannot travel on 2-lane roads. I have been suggesting for some time that the Himalayan nations should set up Himalayan authority. This would include Pakistan, Tibet, India all the way to Bangladesh & Bhutan. Only then can a uniform policy be adopted. It would be appropriate if Prime Minister Narendra Modi were to take the initiative in this regard with the Prime Minister of Nepal.

Greater Kashmir

Agriculture sector provides 70% of livelihoods, contributes 18% to J&K GDP: Government

0
Agriculture sector provides 70% of livelihoods, contributes 18% to J&K GDP: Government

As per the government statistics highlighting the agriculture sector’s progress between 2019-20 and 2025-26, the government has listed a series of achievements in the agriculture and allied sectors, including a more than two-fold increase in cold storage capacity, expansion of crop insurance, growth in milk and fish production and increased horticulture exports.

As per the figures, cold storage capacity in J&K increased from 1.39 lakh metric tonnes to 2.97 lakh MT from 2019-20 to 2025-26.

Under the PM Kisan Samman Nidhi scheme, Rs 4,383.61 crore has been disbursed to 9,16,587 lakh farmers, the document states.

The government figures presented before the recently convened meeting with Niti Aayog members, the government said two Horticulture Centres of excellence and one Agriculture Centre of Excellence have been established, while 13 others are under execution.

“The Pradhan Mantri Fasal Bima Yojana has also been extended to all 20 districts,” the official document reads.

The government claimed that the Kisan Credit Card scheme has 11.44 lakh active cards, with Rs 10,964 crore in loans sanctioned.

“Milk processing capacity increased seven-fold, from 35,000 litres to 2.50 lakh litres per day, while fish production rose by 40 per cent from 21,000 MT to 31,700 MT,” the official document reads.

As per the official statistics, seven agricultural products have received Geographical Indication (GI) tags, with 20 more products under process.

“The National Agriculture Market has linked 17 mandis and registered 2,750 traders since 2019,” the official document reads.

The government claimed that Horticulture exports also increased from 11.87 lakh MT in 2020-21 to 13.86 lakh MT in 2025-26.

In the meeting, the government also highlighted progress under the Holistic Agriculture Development Programme (HADP), including the establishment of 1.46 lakh units and generation of 4 crore person-days of employment.

“Under area expansion initiatives, 12,764 hectares have been brought under crops including Mushqbudji rice, red rice, chilli, hill garlic and vegetables,” the official document reads.

The government informed the Niti Aayog team that 2.88 lakh farmers have been skilled through the DAKSH KISAN initiative.

The document reads that mushroom production increased from 2,100 MT in 2021-22 to 3,765 MT, while honey production rose from 2,200 MT to 3,900 MT.

The seed replacement rate has increased from 12 per cent to 20 per cent, while 1,150 saffron and 890 other nurseries have been registered.

As per the official statistics, a total of 1,807 KissanKhidmatGhars have been established, with 9.41 lakh farmers registered and 5.2 lakh farms geo-tagged and on boarded.

The HADP progress also includes the establishment of 481 Hi-Tech Poly Greenhouses covering 2.26 lakh square metres and 966 low-cost poly greenhouses covering 2.18 lakh square metres.

As per the official data, under the Yellow Revolution, the area under oilseed cultivation has expanded from 1.40 lakh hectares.

The document also outlines the Competitiveness Improvement of Agriculture and Allied Project (JK-CIP), a $217 million (approximately Rs 1,800 crore) project focused on improving the climate and market ecosystem across 90 blocks.

The project targets marginal communities and women and is expected to benefit around three lakh households, or approximately 15 lakh people.

“Its components include climate-smart and market-led production, development support for the agri-business ecosystem, and support to vulnerable communities and project management,” the document reads.

The expected outcomes after seven years include scaling up collectivisation, strengthening and establishing Farmer Producer Organisations, supporting business-led enterprises, market support and brand development, assistance to startups and benefits to three lakh households.

The government claimed that under JK-CIP, 65,123 farmers have been registered and 73,472 applications have been received so far.

“Of these, 18,046 applications are under process, while 48,348 have been approved. A total of 9,131 units have been established,” the document reads.

The document also mentioned the proposed introduction of a restructured Weather-Based Crop Insurance Scheme (RWBCIS) for fruit crops, including apple, saffron, litchi and mango.

“The fresh tendering process for the scheme will be initiated after issuance of the revised RWBCIS operational guidelines by the Government of India,” the document reads.

Greater Kashmir

IDPL Cricket Tournament inaugurated in Verinag

0
IDPL Cricket Tournament inaugurated in Verinag

Member Legislative Assembly, Ghulam Ahmad Mir on Wednesday inaugurated Inter-District Provincial Level Cricket Tournament for Under-17 Girls at Verinag, Anantnag.

On the occasion, he appreciated the efforts of the Department of Youth Services & Sports in providing young girls with a structured platform to showcase their sporting talent and pursue excellence in cricket.

The inaugural ceremony at the scenic Verinag venue added a special dimension to the sporting event, highlighting the rich natural and tourism potential of the area.

The championship, as per an official statement, is witnessing participation from ten districts of the Kashmir Province, with teams comprising talented young girls accompanied by their respective escort teachers, coaches and officials. The participation reflects the Department’s continued endeavour to promote women’s participation in sports and provide equal opportunities to young sportspersons across Jammu & Kashmir.

As part of the tournament, the Department is also facilitating a structured talent identification and selection process, through which promising performers will be shortlisted for further opportunities at higher levels. The selected players will be assessed on the basis of their performance, skills and overall potential.

For the smooth and effective conduct of the tournament, four venues have already been designated, where matches will be played during the championship.

The Department has also made comprehensive boarding and lodging arrangements for the participating teams and accompanying officials at Verinag. Necessary arrangements have been put in place to ensure the comfortable stay, safety and well-being of all participants, particularly the young girl athletes.

To ensure the professional and seamless conduct of the championship, various dedicated committees have been constituted, including the Medical Committee, Lodging Committee and other essential management and coordination committees.

The Department has laid special emphasis on athlete safety, discipline, hospitality, medical support and efficient tournament management, ensuring that the participating players receive a positive and encouraging sporting environment.

Greater Kashmir

Tourist dies as boulder crushes vehicle along Khanabal-Pahalgam road

0
Tourist dies as boulder crushes vehicle along Khanabal-Pahalgam road

Officials said the incident occurred near the Bumzoo shrine when an cab, JK01AT-8081, carrying six tourists from Pahalgam towards Anantnag, was hit by the boulder.

“A tourist suffered critical injuries, while the other five tourists and the driver escaped unhurt,” an official said.

The injured tourist was shifted to Government Medical College (GMC) Anantnag, where doctors declared him brought dead.

The deceased was identified as R Himansu Prasad Rao, son of R Pala Krishna Rao, of Ganjam, Odisha.

Police have taken cognisance and initiated proceedings.

“The area is not generally prone to landslides, shooting stones, or rockfalls. The boulder may have become detached from the hillside following intense overnight showers, which could have loosened the soil,” officials said.

The Khanabal-Pahalgam road is a key tourism route connecting Pahalgam with other parts of the region.

Greater Kashmir

IGP leads foot patrol in Jammu city, reviews law and order situation

0
IGP leads foot patrol in Jammu city, reviews law and order situation

Jammu, Sep 2: Inspector General of Police, Jammu Zone, Tejinder Singh, led a foot patrol of security personnel here on Wednesday and reviewed the law and order situation, officials said.

Singh was accompanied by Deputy Inspector General Jammu-Samba-Kathua Range, Senior Superintendent of Police (SSP) Jammu and SP North Jammu, the officials said.

Singh took over as the Jammu Zone IGP following a major reshuffle in the top police leadership last month.

During the patrolling, the officers interacted with residents and shopkeepers and took feedback on public safety and security concerns, they said.

According to the officials, the foot patrol was aimed at enhancing police visibility, strengthening public confidence and ensuring effective policing at the grassroots level.

The officers directed the police personnel to maintain heightened vigilance, ensure regular patrolling and remain responsive to the security and safety needs of the public, the officials said.

They also stressed the need for close coordination among field units to ensure a prompt response to any emerging situation.

Greater Kashmir

Japanese credit rating agency upgrades India’s sovereign rating to ‘A-‘; Finance ministry welcomes move

0
Japanese credit rating agency upgrades India’s sovereign rating to ‘A-‘; Finance ministry welcomes move

New Delhi, Sep 2: The Government of India welcomed the decision of Japan Credit Rating Agency (JCR) to upgrade India’s Long-Term Foreign Currency and Local Currency Issuer Ratings by one notch from ‘BBB+’ to ‘A-’, while maintaining the Stable Outlook. JCR has also raised India’s country ceiling by one notch to ‘A’.

The upgrade reflects India’s solid economic growth, the effectiveness of economic policies in strengthening the foundations for growth, and the improved soundness of the financial system. JCR noted that the Indian economy has maintained a high growth rate, supported by robust private consumption and public investment. The latest GDP estimates released by the Ministry of Statistics and Programme Implementation (MoSPI) indicate that real GDP growth remained strong at 7.8 per cent in FY26. The growth momentum was sustained in Q1 of FY27, with real GDP growing by 7.8 per cent, despite prevailing global headwinds. The agency also highlighted the Government’s continued implementation of policies conducive to productivity growth and economic development, including the development of digital public infrastructure and implementation of the Goods and Services Tax, which have strengthened India’s economic foundations.

The agency also recognised the improvement in the quality of fiscal expenditure, with greater emphasis on capital expenditure, particularly infrastructure investment. JCR noted that the Central Government’s fiscal deficit declined from 4.7% in FY25 to 4.4% in FY26, while capital expenditure remained high.

JCR also highlighted the significant improvement in the overall soundness of India’s financial system. The asset quality of the banking sector has strengthened, supported by the establishment of the Insolvency and Bankruptcy Code, capital infusion by the Government and strengthened supervision by the RBI. Capital adequacy and profitability in the banking sector have remained sound. The asset quality and capital adequacy of the non-banking financial sector have also improved, further strengthening the financial system.

On the external sector, the agency noted that India’s current account deficit remains contained, supported by a surplus in the services balance. Ample foreign exchange reserves, significantly exceeding short-term external debt, provide strong resilience against external shocks.

The upgrade comes against the backdrop of a challenging global environment and underscores the continued strengthening of India’s economic fundamentals, supported by sustained growth, effective economic policies, improved fiscal quality and a stronger financial system.

It is worth noting that India had previously received sovereign rating upgrades from major international rating agencies over the past year. Morningstar DBRS upgraded India’s sovereign rating in May 2025, followed by S&P Global Ratings in August 2025 and Rating and Investment Information, Inc. (R&I), Japan, in September 2025.

Greater Kashmir

PM Modi calls for greater adoption of water-saving technologies and learning from global best practices

0
PM Modi calls for greater adoption of water-saving technologies and learning from global best practices

New Delhi, Sep 2: Prime Minister Narendra Modi today chaired the valedictory session of the two-day National Departmental Summit on Water, organised by the Ministry of Jal Shakti. The Summit is the first in a series of Departmental Summits envisioned by Prime Minister to strengthen the spirit of Team India, deepen cooperative federalism and foster collective ownership of national priorities through closer collaboration between the Centre and the States. It brought together Ministers and senior officials from States and Union Territories for focused deliberations on various dimensions of India’s water security.

Prime Minister appreciated the intensive two-day deliberations and emphasised that the actionable and time-bound action points emerging from the Summit should be pursued through a continuous process of review and learning. He suggested that the Summit should not remain a one-time exercise and called for a continuous process of review and follow-up.

Prime Minister called for sensitising Urban Local Bodies to the challenges arising from urbanisation, including population growth and future water requirements, and suggested organising similar Chintan Shivirs for Urban Local Bodies. He called for greater adoption of water-saving technologies. He also suggested dedicated exhibitions and workshops, including exposure to global best practices, to enable Indian manufacturers and stakeholders to develop and scale efficient solutions.

Emphasising Jan Bhagidari, Prime Minister suggested promoting “Jal Utsav” to create greater awareness among people. Prime Minister called for making de-silting a regular programme and developing clear criteria and SOPs for de-silting. On dam safety, he stressed rigorous preparedness before every monsoon, adherence to prescribed precautions and creating awareness among school students, including through suitable incorporation in educational curricula.

Prime Minister further called for strengthening knowledge and capacity on water management and governance in universities and higher educational institutions. He suggested structured inter-State study-visits involving public representatives, officials and farmers to facilitate practical learning and replication of successful interventions.

Prime Minister called for robust water data governance, with water-sector data brought together, systematically managed, analysed and effectively utilised. He recommended the use of AI for data collection and analysis through a uniform format. He also stressed anticipatory and integrated planning to address water scarcity through suitable utilisation of treated water for agriculture and industrial purposes.

Drawing upon his experience as Chief Minister of Gujarat, Prime Minister noted that instances of water scarcity could be transformed into opportunities through systematic planning, commitment and deployment of adequate resources and capable officers.

Union Minister for Jal Shakti C. R. Patil highlighted four key outcomes of the summit: accelerated completion of water infrastructure projects; strengthening water conservation as a sustained people’s movement; ensuring long-term sustainability of drinking-water sources; and institutionalising effective operation and maintenance of rural drinking-water schemes.

Greater Kashmir

- Advertisement -
Google search engine

Recent Posts