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Silver dips Rs 7,500 to Rs 2.64 lakh per kg; gold rises by Rs 2,200

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Silver dips Rs 7,500 to Rs 2.64 lakh per kg; gold rises by Rs 2,200

New Delhi, Feb 10: Silver prices declined by Rs 7,500 or nearly 3 per cent to Rs 2.64 lakh per kg in the national capital on Tuesday, while gold prices appreciated by Rs 2,200 per 10 grams amid a firm US dollar.

According to the All India Sarafa Association, the white metal dropped Rs 7,500 to Rs 2,64,500 per kg (inclusive of all taxes) from Monday’s closing of Rs 2,72,000 per kg.

On the other hand, gold of 99.9 per cent purity appreciated by Rs 2,200, or 1.4 per cent, to Rs 1,60,700 per 10 grams (inclusive of all taxes). It had settled at Rs 1,58,500 per 10 grams in the previous market session.

Traders said gold extended its gains for the second consecutive session amid sustained buying by the jewellers and investors.

“Gold traded with modest gains on Tuesday while traders were awaiting fresh macroeconomic cues,” Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said.

He added that gold and silver prices fluctuate within a broader range as markets move into a consolidation phase in the near term.

In the international market, spot silver fell by USD 1.13, or 1.37 per cent, to USD 82.16 per ounce, while gold is trading marginally lower at USD 5,052.43 per ounce.

“Market participants are awaiting key US retail sales data, followed by unemployment and nonfarm payroll numbers later in the week,” Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said.

He noted that these data releases are likely to inject volatility, as they will shape expectations around the Federal Reserve’s policy stance and influence near-term price direction in bullion.

Greater Kashmir

Police arrest 2 drug peddlers in Baramulla, contraband substance recovered

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Police arrest 2 drug peddlers in Baramulla, contraband substance recovered

Srinagar, Feb 10: In its continued efforts to curb drug trafficking and eliminate the menace of narcotics from society, Jammu and Kashmir Police arrested two drug peddlers in Baramulla and Sopore areas and recovered contraband substances from their possession.

In Baramulla, a police party from Police Station Pattan during patrolling intercepted a suspicious person moving from Kakapora towards Khore Sheerabad. During search, 28 grams of charas-like substance was recovered from his possession. He has been identified as Shakeel Ahmad Bhat, son of Mohd Sadeeq Bhat, resident of Khour Sheerabad

Similarly in Sopore, a police party of PP Pthkha intercepted a suspicious individual. During search, charas-like substance concealed inside a corn husk was recovered from his possession. He has been identified as Mohd Ramzan Gojree, son of Jalal Din Gojree, resident of Chotipora Hygam.

All the accused have been arrested and shifted to respective police stations where they remain in custody. Accordingly, cases under relevant sections of law have been registered at respective police stations and further investigations have been initiated.

J&K Police reiterated their zero-tolerance policy against drug trafficking and reaffirmed their commitment to protect youth and society from the scourge of drugs.

Greater Kashmir

J-K LG orders transfers, postings of two IAS officers

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J-K LG orders transfers, postings of two IAS officers

Srinagar, Feb 10: The Lieutenant Governor Manoj Sinha-led administration on Tuesday ordered transfers and postings of two IAS officers with immediate effect.

According to the Government Order No. 180-JK(GAD) of 2026, dated 10.02.2026, Mr. Shubhankar Pratyush Pathak, IAS (AGMUT: 2022) Sub-Divisional Magistrate, Uri is transferred and posted as Additional Secretary in the Hon’ble Lieutenant Governor’s Secretariat.

Mr. Prince Kumar, IAS (AGMUT: 2023) Sub-Divisional Magistrate, Kokernag is transferred and posted as Sub-Divisional Magistrate, Uri vice Mr. Shubhankar Pratyush Pathak, IAS.

The decision has been taken in the interest of administration, the order reads.

Greater Kashmir

Govt examining proposal to increase honorarium of legislators’ personal assistants: CM Omar

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Govt examining proposal to increase honorarium of legislators’ personal assistants: CM Omar

Jammu, Feb 10: The Jammu and Kashmir government is examining a proposal to increase the monthly honorarium of personal assistants engaged with legislators in the Union Territory.

This was revealed by Chief Minister Omar Abdullah in a written reply to a question by Congress MLA Tariq Hameed Karra in the Assembly here on Tuesday.

“A proposal has been received from the Law, Justice and Parliamentary Affairs Department regarding enhancement of the monthly honorarium of personal assistants engaged with MLAs,” he said.

Abdullah further said that the proposal is under examination in the finance department.

Karra had sought to know whether PAs attached with legislators have demanded an increase in their monthly honorarium along with entitlements such as TA and DA at par with the staff of other parliamentarians, and the timeframe for considering the demand.

Greater Kashmir

Budget a bureaucratic exercise, lacks political imprint: Sajad Lone

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Budget a bureaucratic exercise, lacks political imprint: Sajad Lone

Jammu, Feb 10: Stating that the outsourcing of government jobs is a social and economic disaster, Peoples Conference president Sajad Gani Lone on Tuesday questioned the government over its promise of providing 12 LPG cylinders to economically weaker sections (EWS).

Speaking in the Legislative Assembly, Lone said that the political imprint is missing in the budget.

“When an elected government comes to power, the budget carries a political imprint. However, this budget is a typical bureaucratic budget without any political imprint,” Lone said.

Lone questioned the government’s announcement of providing six gas cylinders to each household, saying that it does not match its election manifesto.

He said the government had not only left out 14 lakh Below Poverty Line (BPL) families -now reclassified as priority households—but was also collecting the cost of gas cylinders indirectly by reducing the rebate on diesel.

“In your manifesto, you promised to provide 12 gas cylinders to each EWS household. We have two lakh AAY families. Apart from these families, we have 14 lakh BPL households, whom we now call priority households. As per an order issued in 2018, the nomenclature of BPL was changed to priority households,” he said.

Questioning the government over leaving out BPL families from what it terms a mega announcement, Sajad sarcastically remarked, “When did BPL families become economically stronger? They are still economically weak.”

He said the government would require Rs 1680 crore annually to fulfill its promise of 12 cylinders to each EWS household.

“The actual monetization of the promise over five years is Rs 8500 crore, but you will provide them only Rs 120-130 crore annually. In the next three years, you will provide them Rs 350–400 crore against a promise of Rs 8500 crore,” he said.

He added that the so-called mega announcement of free gas cylinders has come at the cost of the poor. “The rebate on diesel has been reduced. You will collect Rs 250 crore from the poor but pay them back Rs 120 crore, saving Rs 130 crore,” Lone said.

Sajad said the outsourcing of government jobs is a social and economic disaster.

“In response to my question, the government revealed that 24,000 jobs have been outsourced. You have not done this; this has been done by Babus,” he said.

Lone questioned the government for failing to end the practice of outsourcing jobs.

“Why do you go along with them? When you were against everything under Governor’s rule in the past five years, why are you doing the same now? Why are you not reversing and negating it now?” It will wreak havoc on the society,” he said. —(KNO)

Greater Kashmir

Govt blames 20-year hiring freeze for staff crunch in JKFDC

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Govt blames 20-year hiring freeze for staff crunch in JKFDC

Srinagar, Feb 10: The Jammu and Kashmir government has attributed the staff shortage in the J&K Forest Development Corporation (JKFDC) to a recruitment ban that has been in place for over two decades.

Responding to a query in the House, the Minister in charge of Forest, Ecology & Environment said a hiring ban was imposed after a decision taken in the Budget Cabinet meeting on August 22, 2000.

Subsequently, the JKFDC Board of Directors, in its 56th meeting on January 5, 2004, resolved that no fresh appointments would be made in the corporation.

Detailing the current manpower status, the minister said the corporation has a total of 1,323 employees, including 23 gazetted officers, 333 non-gazetted staff, 182 Class IV employees and 785 helpers.

On coordination gaps, the minister maintained that there is proper coordination between JKFDC and other wings of the Forest Department, particularly in timber extraction and its distribution among beneficiaries—(KNO)

Greater Kashmir

Shutting down Vaishno Devi Medical College a blow to education and employment in Jammu: Dr Karan Singh

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Shutting down Vaishno Devi Medical College a blow to education and employment in Jammu: Dr Karan Singh

Jammu, Feb 10: Senior political leader and former Union minister Karan Singh on Tuesday questioned the decision to shut down Vaishno Devi Medical College, calling it an unjustified move that has harmed education, employment, and future academic opportunities in the Jammu region.

Addressing a public gathering in Jammu, Dr Karan Singh said the closure of the medical college was difficult to comprehend, particularly at a time when access to higher education needs expansion rather than contraction. He said the institution had the potential to accommodate an increasing number of local students, including Dogra youth, in the coming years.

Without entering political debate, Singh said shutting down an educational institution should never be a matter of celebration. He said the college was not only a centre of learning but also a significant source of employment and regional pride.

Dr Karan Singh said the decision had deprived future batches of students of opportunities that would have otherwise grown with time, adding that more students from the region would have benefited from the institution in the next academic cycles.

He expressed anguish over what he termed politicization of the issue, stating that decisions related to education must be guided by long-term public interest and social responsibility rather than political narratives. [KNT]

Greater Kashmir

Mentally unsound person hit by car in Chanapora succumbs

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Mentally unsound person hit by car in Chanapora succumbs

Srinagar, Feb 10: A mentally unsound person succumbed to his injuries after being hit by a car in the Chanapora area of Srinagar on Monday, officials said.

An official said that the unidentified person was struck by a Swift Dzire vehicle bearing registration number JK01AU-0385 near Chanapora Srinagar on Monday morning.

He said, the injured individual was shifted to SMHS Hospital Srinagar, where he later succumbed to his injuries, the official said.

Police have registered FIR No. 16/2026 at Sadder Police Station under relevant sections, and an investigation has been taken up. The victim is yet to be identified, the official added. —(KNO)

Greater Kashmir

MLA Shopian, Agriculture Minister spar over CA storage subsidy policy

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MLA Shopian, Agriculture Minister spar over CA storage subsidy policy

Srinagar, Feb 9: A war of words broke out in the Jammu and Kashmir Assembly on Monday between MLA  Shopian Shabir Ahmad Kullay and Agriculture Minister Javed Ahmad Dar over the government’s policy on top-up subsidies for Controlled Atmosphere (CA) storage facilities.

The exchange took place during the discussion on the budget, when Kullay raised concerns over the exclusion of Shopian and Pulwama districts from the proposed top-up subsidy scheme for CA storages. He argued that the policy was unjustified, given that Shopian produces some of the highest-quality apples in the Valley.

“Most of the quality apple production comes from Shopian, yet no top-up subsidy is being provided for CA storages in the district. This is not justified,” Kullay said, adding that the absence of additional storage infrastructure would hurt growers and traders.

Responding to the criticism, Agriculture Minister Javed Ahmad Dar said there was no restriction on setting up CA storages in Shopian and Pulwama. However, he clarified that the government would prioritise top-up subsidies for districts other than Shopian and Pulwama, citing saturation of existing capacity.

“There is no bar on the creation of CA storages in Shopian and Pulwama, but these areas have already reached saturation. Therefore, top-up subsidies will be prioritised for other districts to ensure balanced regional development,” the minister said.

Kullay strongly contested the minister’s claim, saying there was no saturation of CA storage facilities in Shopian. He maintained that the growing volume of high-quality apple production in these districts required additional storage capacity. “More quality apples are produced in Shopian and Pulwama, and the demand for CA storages is increasing. Saying there is saturation is incorrect,” he said.

The argument and counter-argument continued for some time, with both sides sticking to their positions, before Kullay concluded his speech.

Earlier, Chief Minister Omar Abdullah, who also holds the finance portfolio, had announced in his budget speech that the government would focus on balanced regional development. He said top-up subsidies for CA storage projects would be prioritised in districts other than Pulwama and Shopian, where capacity had already reached saturation.

The government’s stance has triggered concern among apple growers in Shopian and Pulwama , who argue that limited access to additional CA storage could affect their ability to store produce and secure better prices.

Greater Kashmir

Hopeful work on Tulbul navigation and Chenab water projects will begin soon: CM

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Hopeful work on Tulbul navigation and Chenab water projects will begin soon: CM

Jammu, Feb 10: Chief Minister Omar Abdullah on Tuesday expressed hope that work on the Tulbul navigation project and the diversion of Chenab river water to provide drinking water to Jammu will begin soon.

Speaking in the Legislative Assembly, the CM said that the state government is working with the Centre to start these projects following the suspension of the Indus Water Treaty.

“We are working with the Centre on two things after the Indus Water Treaty was put in abeyance — one, the Tulbul Navigation Project near Sopore, and second, lifting water from the Chenab river near Akhnoor to provide water supply to Jammu,” he said.

He added that the water supply project had earlier been submitted to the Asian Development Bank but was stalled due to the treaty. —(KNO)

Greater Kashmir

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