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J&K’s pension bill projected to double 10 years, OPS unsustainable: Officials

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J&K’s pension bill projected to double 10 years, OPS unsustainable: Officials

Jammu, Mar 06: The pension bill of the Jammu and Kashmir government is set to double in the 10-year period between 2020-30, with approximately 2.48 lakh retired employees being paid allowances, officials said.

The Jammu and Kashmir administration also said there is no proposal under consideration to revive the Old Pension Scheme (OPS), asserting that it would be fiscally unsustainable in the long run and could pose significant risks to financial stability.

As per official data of the government, Rs 5,829 crore were paid as pension to retired employees in 2020-21 and the figure is set to go up to Rs 11,798 crore in 2030-31. This is as per a government reply to a cut motion in the Jammu and Kashmir assembly recently.

The year-wise pension outgo over the last five years has shown a steady rise — Rs 6,668 crore in 2021-22, Rs 7,463 crore in 2022-23, Rs 8,364 crore in 2023-24, Rs 9,350 crore in 2024-25 and Rs 9,127 crore in 2025-26.

Based on the number of employees retiring, the pension outgo is projected to increase further in the coming years. It is estimated to be Rs 11,798 crore in 2030-31.

Officials said that the expansion in pension commitments may continue till the early 2040s, after which the burden is expected to stabilise as employees covered under OPS substantially retire.

They said that the introduction of the New Pension Scheme (NPS) in 2010 provides a sustainable pension framework with effective fund management, unlike OPS which does not have a dedicated pension fund.

They said that Jammu and Kashmir, being an expenditure-led region with modest revenue receipts and limited avenues for investment, has witnessed disproportionate growth in pension liabilities in the past.

Earlier also, pension expenditure had nearly doubled from Rs 731 crore in 2004-05 to Rs 1,495 crore in 2009-10, they said.

Following a cabinet decision in 2009, the government transitioned from a Defined Benefit Pension Scheme — OPS — to a Defined Contribution Pension Scheme — NPS — for all government employees appointed on or after January 1, 2010, through amendments in the J-K Civil Service Regulations, they said.

They further maintained that while fulfilling its commitment to eligible pensioners under OPS, the government ensures that developmental allocations and activities are not adversely affected. Once the pension outgo stabilises around 2040, proportionately more funds are expected to be available for the development sector, it added.

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Samson among eight nominees for T20WC Player of the Tournament announced by ICC

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Samson among eight nominees for T20WC Player of the Tournament announced by ICC

Dubai, Mar 06: In-form India opener Sanju Samson figured in the eight-man shortlist for the T20 World Cup Player of the Tournament announced by the ICC on Friday.

The other nominees are England all-rounder Will Jacks, Pakistan opener Sahibzada Farhan, South Africa’s pacer Lungi Ngidi and captain Aiden Markram, New Zealand’s all-rounder Rachin Ravindra and batter Tim Seifert, and American bowler Shadley van Schalkwyk.

Samson, who did not play in the early part of the tournament, lit up the T20 World Cup with consecutive player-of-the-match performances.

The opener smacked a 42-ball 89 against England in the semifinals to be the hero of India’s seven-run win on Thursday. Before that, his 50-ball 97 laid the foundation of the defending champions’ five-wicket win over the West Indies in a virtual quarterfinal.

The wicketkeeper-batter has so far amassed 232 runs at an average of 77.33 and a strike rate of 201.73 in four matches that he had played in the tournament.

Jacks has been instrumental in his team winning six of their eight matches at the T20 World Cup. He won four player-of-the-match honours, and has scored 226 runs and picked up nine wickets from eight matches.

Farhan made 383 runs in six innings to record the most runs scored in a single edition of a T20 World Cup. He also became the first player to score two centuries at a single edition of the tournament as he scored a hundred each against Sri Lanka and Namibia.

With 12 wickets from seven matches at an economy rate of 7.19, Ngidi proved to be the vital cog in South Africa’s pace battery and was their most consistent fast bowler.

South Africa skipper Markram was central to Proteas’ performances at this T20 World Cup, with the right-hander compiling three half-centuries across eight matches, amassing 286 runs and also picked up a wicket.

New Zealand all-rounder Ravindra has proved valuable for his side with both bat and ball, scoring 128 runs and scalping 11 wickets from eight matches.

Even though the USA exited after the opening group stage, van Schalkwyk set the benchmark for bowlers at this T20 World Cup. In just four matches, the American pacer claimed 13 wickets from four matches at a respectable economy rate of 6.80.

Wicketkeeper-batter Seifert has played a major part in New Zealand’s run to the T20 World Cup decider, with the right-hander having amassed 274 runs across eight matches with a total of eight half-centuries.

India will take on New Zealand in the summit clash in Ahmedabad on Sunday.

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Rajnath Singh calls for Indian maritime leadership amid West Asia crisis

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Rajnath Singh calls for Indian maritime leadership amid West Asia crisis

Kolkata, Mar 06: In this era of changing geopolitics, oceans have once again come to the centre of the world’s power balance and it is India’s responsibility to provide leadership with confidence and capability, Defence Minister Rajnath Singh said on Friday, referring to the escalating conflict in West Asia.

The unfolding developments in West Asia are “highly unusual” and the situation in the region could adversely impact the global economy, he said addressing an event here.

“What is happening in West Asia is highly unusual. It is difficult to make any firm comment at this stage on the direction in which conditions in West Asia might proceed going forward,” he said.

“If we look at the Strait of Hormuz or the entire Persian Gulf region, it is an extremely important area for the world’s energy security. When there is disturbance or disruption in this region, it directly impacts the supply of oil and gas,” he said.

“Not only that, today we are witnessing supply chain disruptions not just in the energy sector, but in other sectors as well. The direct impact of these uncertainties falls on the economy and global trade,” he said.

Singh said the current situation has once again reflected the importance of oceans.

“In this era of changing global geopolitics, oceans have once again come to the centre of the world’s power balance. At such a time, as a major maritime nation, it is India’s responsibility to provide leadership with confidence, capability, and a clear vision,” he said.

The defence minister, however, did not make any direct or indirect reference to the US sinking an Iranian warship off the coast of Sri Lanka two days back.

The Iranian frigate, IRIS Dena, was returning home after participating in the Milan multilateral naval exercise hosted by India. At least 87 Iranian sailors were killed in the attack, which marked a major escalation in the conflict between the US and Iran outside of the Persian Gulf.

The US launched military strikes on Iran on February 28, killing Iranian Supreme Leader Ayatollah Ali Khamenei.

Following the military offensive, Iran carried out a wave of attacks mainly targeting Israel and American military bases in several Gulf countries including the UAE, Bahrain, Kuwait, Jordan and Saudi Arabia.

In the last three days, the conflict has widened significantly with attacks and counter-attacks by both the sides.

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Iran slams US attack on ‘unarmed’ vessel returning from India

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Iran slams US attack on ‘unarmed’ vessel returning from India

New Delhi, Mar 06: Two days after a US submarine torpedoed and sank an Iranian warship off Sri Lanka’s coast, Iran on Friday warned that the attack on an “unarmed ship cannot go with impunity.”

The Iranian frigate, IRIS Dena, was returning home after participating in the Milan multilateral naval exercise hosted by India. At least 87 Iranian sailors were killed in the attack, which marked a major escalation in the conflict between the US and Iran outside of the Persian Gulf.

Iran’s Deputy Foreign Minister Saeed Khatibzadeh, who is visiting India, emphasised that the IRIS Dena was in a non-combat configuration, returning from the Milan naval exercises and the US action against it was a serious violation of international law.

“This is a very sad, very unfortunate incident. That vessel was by invitation of our Indian friends, attending an international exercise. It was ceremonial. It was unloaded. It was unarmed,” he said

“It is very unfortunate. Many of the young Iranian sailors who were attending these exercises lost their lives. It cannot go with impunity for those who actually did that,” he told reporters on the sidelines of the Raisina Dialogue.

IRIS Dena was part of Indian Navy’s premier multilateral maritime exercise Milan. The warship had also featured in the International Fleet Review in Vishakapatnam last month.

Khatibzadeh, blasting the US for killing of Iran’s Supreme Leader Ayatollah Ali Khamenei, said “cherry-picking” of international law cannot be acceptable.

“Unfortunately, principles of international law have been attacked, and we have to stand together against these atrocities. Americans have assassinated the head of another state. If it is the new norm, then nobody, no country on earth can actually have diplomatic normalisation with other countries,” he said.

The Iranian deputy foreign minister said Tehran’s priority now is to “exercise ultimate resistance against the aggressor.”

“We are under attack, under invasion by Americans and Israelis, and they are trying to impose maximum damage to Iran. As we are speaking, my fellow citizens are under constant attack,” he said.

“Tehran is under constant attack, and we have no option but to resist to the last bullet that we do have and to the last soldier that we have. This is a very heroic, very nationalistic battle for us, and we have to stop the aggressor,” he said.

Khatibzadeh also responded to a question on India’s position on the West Asia crisis.

“Iran and India have all civilisational roots with each other. We are Indo-Persian culture and civilisation and it is very much in line with this cultural civilisational heritage, and we attach great importance to Iran-India relations,” he said.

The Iranian deputy foreign minister described Iran’s fight against the US and Israel as “resistance for the history, for the region, for the world, for the principles of international law.”

“We are going to resist, and this is for the record of history. Iranians are sacrificing because rogue, reckless behaviour is happening against Iran. This is what we are doing. I think the moment they stop the aggression, we are going to have a new dynamism in the region,” he said.

The Iranian Supreme Leader was killed in an Israel-US strike on February 28.

India on Thursday condoled the killing of Khamenei against the backdrop of scathing criticism of the government by opposition parties for its silence on the assassination as well as on sinking of the Iranian ship by the US off the Sri Lankan coast.

Following the military offensive, Iran has carried out a wave of attacks mainly targeting Israel and American military bases in several Gulf countries, including the UAE, Bahrain, Kuwait, Jordan and Saudi Arabia.

In the last three days, the conflict has widened significantly with attacks and counter-attacks by both sides, triggering fears of a prolonged war in West Asia.

Greater Kashmir

CJM Shopian rejects bail of five HDFC bank officials in fraud case

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CJM Shopian rejects bail of five HDFC bank officials in fraud case

Shopian, Mar 06: The Economic Offences Wing (EOW) Kashmir of Crime Branch J&K has said that the Court of Chief Judicial Magistrate, Shopian, has rejected the bail applications of five HDFC bank officials arrested in connection with the large-scale financial fraud case at the Shopian branch of the HDFC bank.

According to a statement issued by EOW spokesperson, the accused individuals include: (1) Adil Ayoub Ganai, S/o Mohammad Ayoub Ganai, R/o Memendar, Shopian; A/P Hamza Colony, Baghat-e-Kanipora, Nowgam; (2) Irfan Majeed Zargar, S/o Abdul Majeed Zargar, R/o Sheikh Mohalla, Bonigam, Shopian; (3) Mubashir Hussain Sheikh, S/o Ghulam Mohammad Sheikh, R/o Karena, Kulgam; (4) Zaid Manzoor, S/o Manzoor Ahmad Din, R/o Dagerpora, Khannabal, Anantnag; and (5) Javaid Ahmad Bhat, S/o Abdul Rahim Bhat, R/o Below Rajpora, Pulwama.

The accused persons were arrested during the course of investigation and are presently lodged in judicial custody at Central Jail, Srinagar., the statement said.

The Learned Additional Public Prosecutor, Waseem Ahmad Shah, appearing on behalf of the Economic Offences Wing Kashmir, opposed the bail applications before the Hon’ble Court. After hearing detailed arguments and examining the case records, the Hon’ble Court rejected the bail plea in FIR No. 30/2025, it added.

It further said that the case has been registered under Sections 316(5), 318(4), 336(3), 340(2), and 61(2) of the Bharatiya Nyaya Sanhita (BNS), read with Section 66(C) of the Information Technology Act, at Police Station EOW Kashmir.

The Economic Offences Wing Kashmir of Crime Branch J&K remains determined to ensuring a fair, transparent, and merit-based conclusion of the case in accordance with law.

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Two pilots killed in crash of Sukhoi-30 fighter jet in Assam

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Two pilots killed in crash of Sukhoi-30 fighter jet in Assam

Guwahati, Mar 06: Two pilots were killed in the crash of a Sukhoi-30 MKI fighter jet in Assam’s Karbi Anglong district, the Indian Air Force said here on Friday.

The jet, which was on a training mission, crashed approximately 60 km from Jorhat air base, from where it had taken off on Thursday evening.

“IAF acknowledges the loss of Sqn Ldr Anuj and Flt Lt Purvesh Duragkar, who sustained fatal injuries in the Su-30 crash. All personnel of the IAF express sincere condolences and stand firmly with the bereaved family in this time of grief,” the IAF said in a post on X.

A defence spokesperson said in Guwahati that the debris of the aircraft was located early on Friday.

The IAF search and rescue team, assisted by civil and police administration and villagers, had trekked to the site and located the debris around 1 am, the official said.

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New Iranian attacks target Israel, US bases as more Israeli strikes hit Lebanon

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New Iranian attacks target Israel, US bases as more Israeli strikes hit Lebanon

Washington, Mar 06: Iran launched more missiles at Israel and US bases as the war in the Middle East entered its sixth day. Israel announced multiple incoming attacks early Thursday and said it was intercepting the missiles.

Meanwhile, the Israeli military said it began new strikes against the Iranian-backed Hezbollah militant group in Lebanon. At least eight people were killed there late Wednesday into Thursday, according to Lebanon’s Health Ministry and the state news agency.

Tehran has warned of the destruction of the Middle East’s military and economic infrastructure, and the war has rattled financial markets, with most taking their cues from what the price of oil is doing. Early Thursday, oil prices resumed their ascent.

The war has killed at least 1,230 people in Iran, more than 70 in Lebanon and around a dozen in Israel, according to officials in those countries. Six US troops have been killed.

Here is the latest:

US closes its embassy in Kuwait

It’s the second diplomatic mission to fully suspend operations since the start of the Iran war.

“While there have been no reported injuries to US personnel, the safety of Americans abroad remains the highest priority of the US Department of State,” it said in a statement about the status of the embassy in Kuwait City.

Shortly before the announcement, the department said that Secretary of State Marco Rubio had called the Kuwaiti foreign minister to express condolences for the deaths of at least two Kuwaiti troops in Iranian retaliatory strikes.

Although numerous US embassies and consulates in the Middle East have closed to the public since the war began, only the consulate in Karachi, Pakistan, had suspended operations.

Stocks are falling sharply on Wall Street

As oil prices rise further because of the war with Iran, the Dow dropped 1,052 points, or 2.2%, the S&P 500 sank 1.4%, coming off a frenetic start to the week, and the Nasdaq composite fell 1.3%.

Airlines and stocks of smaller US companies tumbled to some of the sharpest losses. Oil prices rallied following the latest escalations in the war. Treasury yields also jumped with worries that higher inflation could keep the Federal Reserve from cutting interest rates.

Still, the US stock market has a history of bouncing back relatively quickly following conflicts in the Middle East and elsewhere. That has many professional investors suggesting patience and riding through the market’s swings.

Bahrain arrests 4 people for filming Iranian strikes and expressing sympathy

Authorities in the island Gulf kingdom have made several arrests since the war began, including people accused of documenting attacks or pro-Iran demonstrations in the Shiite-majority, Sunni-ruled country.

Bahrain’s interior ministry said the four men had posted videos online that misled the public, spread fear, and harmed security and public order. “This constitutes treason and a clear violation of the nation’s values and principles,” the statement read.

Iranian official warns Americans against a ground invasion

Ali Larijani, the secretary of Iran’s Supreme National Security Council, warned that any US ground forces would be met with a robust and unsparing defence.

Iranians are “ready to disgrace those corrupt American officials by killing and capturing thousands,” he said in a post on X.

American officials, including Defence Secretary Pete Hegseth, have not said they intend to launch a ground invasion but have not ruled one out either.

Ukraine is sending equipment and experts to help counter Iranian drones

Ukraine’s President Zelenskyy said Thursday that he has received a US request for support to defend against Iranian drones in the Middle East.

Zelenskyy said he gave an order for equipment to be provided along with Ukrainian experts, but did not offer further details. He added in a social media post that, “Ukraine helps partners who help our security and the protection of our people’s lives.”

Kuwait activates its missile defense systems again

Missiles were shot toward Kuwait on Thursday evening, activating air defence systems, the army general chief of staff said in a statement.

The oil-rich country — home to the US’s Ali al-Salem Air Base — has been among the countries hit by Iranian strikes, which have killed six American soldiers and two civilians.

Sri Lanka evacuates over 200 sailors from another Iranian warship near its coast

Authorities in Sri Lanka were informed that one of the ship’s engines suffered a failure, the country’s president said Thursday.

The decision to take the crew ashore and the IRIS Bushehr to a Sri Lankan port comes a day after a US submarine sank another Iranian warship off the island’s coast, said President Anura Kumara Dissanayake. He said his government held discussions with Iranian officials and the captain of the ship.

Sri Lankan officials say 87 bodies were recovered and 32 people rescued from the roughly 180 people believed to have been aboard the IRIS Dena sunk on Wednesday.

Macron urges halt to Israel-Hezbollah fighting

French President Emmanuel Macron is urging the Lebanese militant group to stop attacking Israel and warned Israel against a ground operation in Lebanon.

“Hezbollah must immediately cease its fire toward Israel. Israel must refrain from any ground intervention,” Macron wrote on X.

He said he spoke with Trump, Israeli Prime Minister Benjamin Netanyahu and Lebanese leaders in what is apparently the first diplomatic initiative to try to end the conflict in the tiny country.

Operations at WHO’s crucial Dubai hub are temporarily on hold

The World Health Organisation says the pause is due to insecurity, airspace closures and restrictions on the Strait of Hormuz. It’s looking into possible land-based alternatives.

Its eastern Mediterranean chief, Dr. Hanan Balkhy, said the disruption is preventing access to USD 18 million worth of humanitarian health supplies, while USD 8 million in shipments cannot reach the hub.

More than 50 emergency supply requests from 25 countries are affected, while USD 6 million in medicines for Gaza and USD 1.6 million in polio laboratory supplies are also held up, she said.

WHO has not received any formal requests from Iranian authorities for specific supplies because Iran’s system is “withstanding the current situation,” she said.

The hub last year fulfilled over 500 emergency orders for 75 countries worldwide.

Israel’s UN envoy on calls to end Iran war: Not yet

Israel’s ambassador to the United Nations said Thursday it is too soon for diplomacy, as calls grow to end the widening war with Iran.

Danny Danon told reporters Israel must first eliminate Iran’s nuclear program, ballistic missiles, regional proxies and naval threats.

“I think diplomacy will come into action — not yet, not yet,” Danon said. “We have to finish the job.”

He said Israel must continue “to hammer, to dismantle” Iran’s capabilities before turning to diplomacy, adding that he expects the war to last days or weeks, not months.

Danon also said the 2015 Iran nuclear deal failed and that new “effective mechanisms” are needed to prevent Iran from becoming a threat again.

Meet Pedro Sánchez, Europe’s most vocal critic of Trump’s attacks on Iran

Spain’s prime minister has drawn the US president’s ire for refusing to let America use Spanish bases to support strikes on Iran.

On Tuesday, Trump threatened to cut off all trade with Spain. On Wednesday, Spain’s foreign minister rejected a White House claim that Spain will cooperate.

Sánchez has condemned Iran’s repression but calls the war unjustified and says Spain will not act out of fear.

The fight deepens a broader rivalry. The 54-year-old Sánchez has criticised Israel’s war in Gaza and resisted higher NATO spending while backing legal migration.

US Embassy in Pakistan issues a security alert ahead of possible protests

The alert did not specify the cause of Friday’s anticipated demonstrations, but it comes days after Pakistani demonstrators supportive of the Iranian government attempted to storm a US consulate, leading to violent clashes in Karachi and elsewhere that left 22 people dead.

The embassy’s warning on Thursday restricts the movement of its personnel nationwide.

Trump wants to be involved in picking the next Iranian leader

Trump, in an interview with the news outlet Axios, said he wants to be involved in selecting Iran’s next leader and called Ayatollah Ali Khamenei’s son an “unacceptable” potential pick.

“Khamenei’s son is unacceptable to me,” Trump said of Mojtaba Khamenei, the 56-year-old son of the supreme leader killed on the first day of the war. Trump added, “We want someone that will bring harmony and peace to Iran.”

The president also derided him as “a lightweight.’

“I have to be involved in the appointment, like with Delcy in Venezuela,” said Trump, referring to the acting president in the South American country, Delcy Rodríguez, who took power after Trump had the US military capture Nicolás Maduro to face US drug conspiracy charges.

Bahrain says an Iranian missile hit a state-run oil refinery

Bahrain said the fire on Thursday night was extinguished without injuries, and the refinery was still working.

But it marked yet another Iranian strike targeting the region’s oil industry, the lifeblood of the Gulf Arab states.

Air raid sirens sounded across Bahrain earlier Thursday, with residents urged to seek shelter, and mobile phones had alerted people in Dubai of possible missile fire from Iran. Authorities in the tiny Gulf nation said a facility in the oil refining and factory town of Maameer had suffered minor damage, with no casualties.

Bahrain’s defence ministry said its forces intercepted 75 Iranian ballistic missiles, destroying 65 while 10 fell inside its territory. It also reported intercepting 124 drones, downing 88, while 36 landed within the country.

Around 20,000 Americans have left the Middle East, State Department says

And nearly all made their own way out, without government assistance, the State Department said.

The department said the first charter flight it arranged for private citizens who want to leave departed on Wednesday, with several more expected on Thursday. Officials did not say where they would depart, but the department asked Americans in Bahrain, Israel, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates to fill out an online form for information.

Officials said they have responded to requests for information from more than 10,000 Americans in the region, but did not say how many want to leave. Americans seeking help were urged to contact an emergency task force at +1-202-501-4444.

Iranians trickle across the border with Turkey

A steady stream of Iranians was crossing the border into Turkey on Thursday after the frontier was closed for much of the day before. Most already had links to Turkey.

Elyar Akbari, a 22-year-old from Tabriz, Iran, is a student in Turkey’s western city of Izmir. He cut short a visit home, leaving his family behind.

“I don’t believe that Iranians will leave their country,” he said. “Only students or people who already work in Turkey will come for now.”

Kadir Ozel, 40, a Turkish citizen living in Tabriz, crossed to drop off his children, who will stay with their grandmother and uncle in Ankara.

“They were very scared. But I have to go back for work,” he said.

A woman who asked to be identified only by her first name, Fariba, out of security concerns, crossed to wait out the war with her son in Izmir. But her neighbours have no money, “so they stay home, and they are scared,” she said.

Nearly 25,000 flights cancelled since the start of the war

That’s more than half of the roughly 44,000 flights scheduled to fly in and out of the Middle East between Saturday and Thursday, according to the latest numbers from aviation analytics firm Cirium.

Flight-tracking service FlightAware reported about 2,050 flight cancellations worldwide as of around 11 a.m. ET Thursday, following more than 2,600 cancellations on Wednesday. Dubai International Airport, a major hub, continued to see the largest number of disruptions.

Settler attacks rise in West Bank as Israel tightens restrictions during war with Iran

Violence by Israeli settlers against Palestinians in the occupied West Bank has increased since the Iran war erupted, a leading Israeli rights group said Thursday.

Yesh Din said it documented 50 instances of settler violence in 37 Palestinian communities throughout the West Bank from Saturday to Tuesday, including shootings, assaults and property damage. “Under the cover of the war, settler violence is escalating with the aim of forcing Palestinians out and taking over their land,” its statement said.

That includes Israeli settlers who shot and killed two Palestinian brothers in the West Bank village of Qaryout, injuring others. An ambulance couldn’t reach them because Israel has closed gates and checkpoints, citing security.

Israel’s Smotrich threatens to make Beirut’s southern suburbs look like Gaza

Israel’s far-right finance minister Bezalel Smotrich warned on Thursday that Beirut’s southern suburbs, where Hezbollah has a strong presence, will look like Khan Younis, a city in Gaza that Israel has decimated.

The Israeli military’s evacuation notice Thursday called for all residents of the area to “save your lives and evacuate your homes immediately,” apparently signalling plans for heavy bombardment.

“You wanted to bring hell on us, we are bringing hell on you,” Smotrich, a hawkish conservative force in Netanyahu’s government who had opposed several ceasefires in Gaza, said as he toured towns on Israel’s border with Lebanon. “Dahiyeh will look like Khan Younis, and our citizens of the north will live in peace and quiet.”

Iran awaits announcement of a new leader

Some disagreements are emerging from the confidential discussions over who will be Iran’s next supreme leader.

Rumours have long swirled around the possibility of Mojtaba Khamenei succeeding his father, since he’s close with the all-powerful Revolutionary Guards.

A member of parliament and firebrand cleric, Hamid Rasaee, wrote Thursday that the killed supreme leader’s son was “an outstanding seminarian” as well as a trusted adviser to his father and an “overseer of many of the country’s affairs.” He also called Khamenei an ayatollah, a rank he may not possess.

A reformist-aligned cleric, Rahmatollah Bigdeli, condemned what he called Rasaee’s “ignorance and bias.”

“The constitution does not specify a time limit for the validity of the interim leadership council, and questioning the validity of this council is tantamount to questioning the legitimacy of the decision-making bodies of the regime,” he replied on X.

A former minister also aligned with Iran’s reformists, Abbas Akhoundi, warned against “a diversionary and toxic debate” over the succession.

“The stench of the power struggle in wartime is nauseating,” Akhoundi wrote on X.

Death toll in Lebanon surpasses 100

At least 102 people in Lebanon have been killed since the onset of the latest conflict between Israel and the Hezbollah militant group, Lebanon’s health ministry said in a statement. At least 638 others were wounded, the ministry said Thursday.

The latest conflict between the two sides was sparked by Hezbollah firing rockets into northern Israel early Sunday. Israel has been striking large swaths of the country in response.

Airlines restore some limited flights

As some airspace reopened, Emirates Airlines said Thursday that it was restoring a limited schedule of flights in and out of Dubai. The carrier said it would continue to monitor developments and urged customers not to go to the airport unless their flights were confirmed.

Meanwhile, Israel’s Ben-Gurion Airport continued a phased reopening. Tel Aviv-based El Al said that it started “proactively assigning” customers who are currently abroad to recovery flights back to Israel, but noted that its outbound flights were still not operating as of Thursday.

Tumult in Tehran as bombing continues

As the war entered its sixth day on Thursday, an Iranian state-owned newspaper called Iran reported bombings at a police station and even a gym in Tehran, as residents shuttled to grocery stores, pharmacies and gas stations to buy supplies and fill their tanks.

Tehran’s governor, Mohammad-Sadegh Motamedian, urged citizens to avoid stockpiling necessities to keep markets calm. Authorities said they were equipping dozens of subway stations to serve as bomb shelters, as they did during the 12-day war last June.

Ongoing, widespread bombing forced authorities on Thursday to cancel a planned tour for journalists of a damaged area of the capital.

Funerals for dead Iranian security officers were held around the country, including in Kerman, Isfahan and Tabriz. Hard-liners also gathered in town squares and intersections to mourn and express support for the theocracy while religious songs blared from their cars.

Greater Kashmir

Rajouri to host ASMITA league events, inter-block cricket tournament underway in Kishtwar

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Rajouri to host ASMITA league events, inter-block cricket tournament underway in Kishtwar

Jammu, Mar 5: Rajouri district is set to host a series of athletics, sports and fitness events under the nationwide ASMITA League to mark International Women’s Day, even as Kishtwar is witnessing thrilling cricket matches in the inter-block district level tournament under the “League of Classics.”

Addressing media persons, Deputy Commissioner Rajouri Abhishek Sharma said the district administration is organising multiple sports activities under the Achieving Sports Milestone by Inspiring Women Through Action (ASMITA) League to encourage greater participation of women and girls in sports.

International Women’s Day will be observed on March 8.

He said that competitions including badminton, tug of war and several fun activities will be held at the Sports Stadium, while 100 metre and 200 metre races will take place at the District Police Lines (DPL) Rajouri and the 400 metre race at ALG Rajouri.

 

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Stock markets rebound tracking rally in global peers; Sensex rallies 899 pts

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Stock markets rebound tracking rally in global peers; Sensex rallies 899 pts

Mumbai, Mar 5: Benchmark stock indices Sensex and Nifty bounced back on Thursday, closing higher by more than 1 per cent in line with a rebound in global equities after recent sharp losses due to the conflict in West Asia.

Snapping its four-day decline, the 30-share BSE Sensex rebounded 899.71 points or 1.14 per cent to settle at 80,015.90. During the day, it surged 1,187.64 points or 1.50 per cent to 80,303.83.

The 50-share NSE Nifty climbed 285.40 points or 1.17 per cent to end at 24,765.90, ending its three-day falling streak.

From the Sensex pack, Adani Ports, Larsen & Toubro, NTPC, Reliance Industries, Bharat Electronics and InterGlobe Aviation were among the major gainers.

Tech Mahindra, HCL Tech, Hindustan Unilever and ICICI Bank were among the laggards.

Brent crude, the global oil benchmark, jumped 1.84 per cent to USD 82.90 per barrel.

“Indian equity markets ended the session with over 1 per cent gain, managing to snap a sharp multi-day losing streak. With the Middle East conflict entering its sixth day, uncertainty over whether the situation will move toward resolution or further escalation kept market participants cautious, resulting in a consolidation-driven trading session.

“The extreme panic that characterised previous sessions began to ease, reflected in India VIX plunging more than 15% from recent highs,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.

The BSE smallcap select index jumped 1.74 per cent and midcap select index rallied 1.36 per cent.

Among sectoral indices, services surged the most 2.84 per cent, followed by utilities (2.58 per cent), power (2.41 per cent), metal (2.32 per cent), industrials (2.32 per cent), auto (1.95 per cent), realty (1.91 per cent), energy (1.83 per cent) and commodities (1.72 per cent).

Information Technology and BSE Focused IT were the only laggards.

A total of 2,803 stocks advanced, while 1,453 declined and 141 remained unchanged on the BSE.

In Asian markets, South Korea’s Kospi rebounded sharply by 9.63 per cent. Japan’s Nikkei 225, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index also ended higher.

Markets in Europe were quoting higher. The US market ended in positive territory on Wednesday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,752.65 crore on Wednesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 12,068.17 crore, according to exchange data.

On Wednesday, the Sensex tumbled 1,122.66 points or 1.40 per cent to settle at 79,116.19, falling for the fourth straight session. The Nifty dived 385.20 points or 1.55 per cent to end at 24,480.50, registering its third day of decline.

Greater Kashmir

Don’t allow inimical forces to vitiate atmosphere in J&K: CM

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Don’t allow inimical forces to vitiate atmosphere in J&K: CM

Jammu, Mar 5: Chief Minister Omar Abdullah on Thursday reiterated that the people should maintain peace and should not allow the forces trying to take advantage of the situation (unfolding after Iran developments) to disrupt peace and vitiate the atmosphere in J&K.

“Yesterday, we held a meeting with the (members of) civil society and some religious leaders in Srinagar. After the meeting, we issued an appeal as well urging the people to maintain peace. We appealed to the people not to take law into their own hands. At the same time, it was urged that those inimical forces or elements who want to vitiate the atmosphere in J&K and make efforts in this regard off and on – they should not be allowed to take advantage of this situation to disturb peace and vitiate atmosphere,” CM Omar asserted.

He was responding to media queries after addressing a startup outreach programme organised under JKCIP at Sher-e-Kashmir University of Agricultural Sciences and Technology Jammu (SKUAST-Jammu), jointly organised by the University and the Agriculture Production Department, Government of Jammu and Kashmir.

When the Chief Minister’s comment was elicited about the US’ attack on Iranian warship in the Indian Ocean while it was returning from India, the Chief Minister described it as an unfortunate development.

“It is deplorable. This is an unfortunate development. (Those on) Iran’s warship were our (India’s) guests. They had come here (in India) for a naval exercise. It (warship) was attacked when it was returning from here. In a way (as the development suggests), our country is also being dragged into it. However, what will happen in the future – to comment on that is beyond my jurisdiction,” he said.

In the same breath, the Chief Minister asserted that the developments were worrisome for people of J&K. “But here (in J&K), the people are worried as many citizens of J&K are currently in Iran. Many J&K students are stuck there. We are coordinating with the central government in chalking out a programme to bring them back. We hope that we will be able to bring all of them back home gradually and safely,” he stated.

Responding to a question about the voting underway as part of general election in India’s neighbouring country Nepal – the maiden election after explosive Gen Z protests there last year overthrowing K P Sharma Oli-led government, CM Omar welcomed the development. “This is good (development). Elections should be held. In a democracy, how can you form a government without (holding) elections? As per the information I’ve gained through newspapers, a new leader has emerged there in Nepal. Let’s see what the people of Nepal decide.”

With regard to a question about the Bihar Chief Minister Nitish Kumar, holding the distinction of being the longest serving Chief Minister of state, filing nomination paper for Rajya Sabha seat, the Chief Minister said, “Though it’s an internal matter of Bihar government and its allies yet Nitish Kumarji was once our ally as well in I.N.D.I.A. Bloc. Now he has decided to move to Rajya Sabha, within three months after (Bihar assembly) election. Anyway, he has taken this call. He has served the people of Bihar for such a long time. We thank him for that. At the same time, we extend our best wishes to him for a productive inning in Rajya Sabha. We (National Conference), too, have our three colleagues at Rajya Sabha. I will tell them to meet Nitish Kumarji there (in RS) occasionally.”

Responding to queries about the significance of event held at SKUAST-Jammu, he revealed, “We have our three flagship programmes like under HADP (Holistic Agriculture Development Programme) and JKCIP (Jammu and Kashmir Competitiveness Improvement of Agriculture and Allied Sectors Project), (we take initiative) to develop a vibrant start-up culture in agriculture and allied services.”

“Alongside under “Mission Yuva”, (we take steps) to nurture and promote zest and commitment among our youth for entrepreneurship, innovation-driven enterprises and their (youth’s) hand-holding with an objective to support them (enterprising youth). These are some of the significant projects or programmes of (J&K) government and which we have already rolled out,” he said.

The Chief Minister maintained that under those specified programmes, a lot of money was infused in J&K’s educational institutions. “Particularly if we talk about SKUAST (both in Kashmir and Jammu), they have started receiving funding from the J&K government under these programmes or projects. It has helped the universities and improved the extension works a lot,” CM Omar said.

 

 

 

 

Greater Kashmir

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