Home Blog Page 667

Elon Musk’s X to remove illegal content, permanently ban offending users

0
Elon Musk’s X to remove illegal content, permanently ban offending users

New Delhi, Jan 04: Microblogging site X will act against illegal content by removing it, permanently suspending accounts that uploaded the material and working with local governments as required, the Elon Musk-owned social media platform said on Sunday.

The statement from the Global Government Affairs account of X was issued hours after it said people using the platform’s AI service, Grok, to create illegal content will face the same consequences as those uploading illegal content.

“Anyone using Grok to make illegal content will suffer the same consequences as if they upload illegal content,” Musk said on X in response to a post on “inappropriate images”.

Global government affairs at X reiterated Musk’s stance on illegal content.

“We take action against illegal content on X, including Child Sexual Abuse Material (CSAM), by removing it, permanently suspending accounts, and working with local governments and law enforcement as necessary.

“Anyone using or prompting Grok to make illegal content will suffer the same consequences as if they upload illegal content,” Global Government Affairs on X said.

The Global Government Affairs handle also shared a link for X rules, which allows sharing of “consensually produced and distributed adult nudity or sexual behaviour, provided it’s properly labelled and not prominently displayed”.

The Indian government has found vulgar, obscene and other unlawful content being uploaded on X that are in violation of local laws.

The statement from Musk and Global Government Affairs follows the direction from the Ministry of Electronics and IT (Meity), issued on January 2, to immediately remove all vulgar, obscene and unlawful content, especially generated by AI app Grok, or face action under the law.

Meity has directed X to take action against offending content, users and accounts.

The ministry asked the US-based social media firm to submit a detailed action taken report (ATR) within 72 hours from the date when the order was issued.

The government has received from time to time, including through public discourse and representations from various parliamentary stakeholders, that certain categories of content circulating on X may not be in compliance with applicable laws relating to decency and obscenity, the order said.

Earlier, Rajya Sabha member Priyanka Chaturvedi had written to the Union Minister Ashwini Vaishnaw seeking urgent intervention on increasing incidents of the AI app Grok being misused to create vulgar photos of women and post them on social media.

The order said that “Grok AI” service, developed by X, is being misused by users to create fake accounts to host, generate, publish or share obscene images or videos of women in a derogatory or vulgar manner to indecently denigrate them.

On December 29, Meity asked social media firms to immediately review their compliance framework and act against obscene and unlawful content on their platform, failing which they may face prosecution under the law of the land.

The advisory came after Meity noticed that social media platforms have not been strictly acting on obscene, vulgar, inappropriate, and unlawful content.

Greater Kashmir

Govt Adviser Asif tells BCB

0
Govt Adviser Asif tells BCB

New Delhi, Jan 04: The Bangladesh Cricket Board (BCB) has been instructed by its sports ministry to seek shifting of the country’s T20 World Cup league games from India to Sri Lanka as there are “concerns about players’ safety” following Mustafizur Rahman’s ouster from the IPL on BCCI instructions.

The Shah Rukh Khan co-owned IPL franchise Kolkata Knight Riders (KKR) released the Bangladesh left-arm pacer, who was bought for Rs 9.20 crore after a bidding war at last month’s auctions in Abu Dhabi, following BCCI’s diktat.

BCB president and former Bangladesh skipper Aminul Islam Bulbul refrained from making any public comment after an Emergency board meeting following the development.

However, government advisor Asif Nazrul said he has instructed the Board to ask the Jay Shah-led ICC to shift Bangladesh’s four league games — three in Kolkata and one in Mumbai — to Sri Lanka.

“As the adviser in charge of the Ministry of Sports, I have instructed the Cricket Control Board to put the entire matter in writing and explain it to the ICC,” Nazrul wrote in Bengali on his Facebook page.

“The board must make it clear that if a Bangladeshi cricketer, despite being under contract, cannot play in India, then the Bangladesh national team cannot feel safe travelling to India to play the World Cup.

“I have also directed the board to formally request that Bangladesh’s World Cup matches be held in Sri Lanka instead,” he further wrote.

Bangladesh’s four league games are — against West Indies (February 7), Italy (February 9), England (February 14) in Kolkata followed by their last game against Nepal (February 17) in Mumbai.

A BCCI source, however, insisted that the shift is next to impossible with just a month left for the tournament.

“You can’t just change games at someone’s whims and fancies. It is a logistical nightmare. Think about opposition teams. Their air tickets, hotels are booked.

“Also on all days there are three games each which means one game is in Sri Lanka. There is broadcast crew. So it will be easier said than done,” the BCCI source said.

India’s arch foe Pakistan already is already playing its World Cup game sin Sri Lanka as per an understanding worked out months ago.

The Indo-Bangladesh relationship has plunged into chaos after the ouster of Bangladesh Prime Minister Sheikh Hasina, who fled to India in August last year following anti-government protests.

She was sentenced to death in absentia by a tribunal for her alleged role in a deadly crackdown during the agitation in which several students were killed.

Although the BCCI did not explicitly cite the current political situation for its decision to seek Rahman’s release, it did say that the move was triggered by what’s been happening all around.

Hindus have been targetted for violent attacks since Hasina’s ouster.

 

IPL broadcast to be suspended in Bangladesh?

Nazrul also said that he has requested the adviser for Bangladesh’s Information and Broadcasting Ministry (I&B) to ensure that broadcast of IPL in Bangladesh is suspended.

“I have requested the adviser for Information and Broadcasting to ensure that the broadcast of the IPL in Bangladesh is also suspended.

“Under no circumstances will we tolerate any insult to Bangladeshi cricket, cricketers, or Bangladesh itself. The days of servitude are over,” he said.

There is a bit of disbelief in the BCB corridors that things took such a turn after India’s External Affairs Minister S Jaishankar attended former PM Khaleda Zia’s funeral in Dhaka.

“The BCB announced the schedule for India’s tour of Bangladesh because there was a sense of positivity but now we need to get an official confirmation from the Indian board as to why Mustafizur’s contract was cancelled,” a BCB source told PTI on conditions of anonymity.

“Till now BCCI hasn’t communicated anything to BCB officially. Only after official communication will BCB decide further course of action,” the source said.

Greater Kashmir

Four Kerala tourists injured in Awantipora road accident, hospitalized

0
Four Kerala tourists injured in Awantipora road accident, hospitalized

Srinagar, Jan 04: Four tourists from Kerala were injured in a road accident at Barsoo area of Awantipora in south Kashmir on Sunday morning.

Officials said the injured persons were travelling in a passenger vehicle when it was allegedly hit by an unidentified truck at Barsoo, Awantipora, resulting in multiple injuries to the occupants.

The injured were subsequently shifted to SMHS Hospital Srinagar for treatment after being referred from SDH Pampore.

All injured are residents of Kerala, they said adding that all the injured are currently in stable condition while cognizance of the incident has been taken and further investigation initiated. (KNC)

Greater Kashmir

Massive fire guts 200 vehicles in TN’s Thrissur railway station parking area

0
Massive fire guts 200 vehicles in TN’s Thrissur railway station parking area

Thrissur, Jan 04:  A major fire broke out at the Thrissur Railway Station on Sunday, destroying more than 200 two-wheelers parked at a designated parking facility adjacent to the station.

The incident occurred at the two-wheeler parking area located near Platform No. 2, triggering panic among commuters and nearby residents.

According to preliminary reports, the fire was first noticed around 6.45 a.m. Flames rapidly engulfed the parking area, which typically accommodates over 500 motorcycles and scooters on a daily basis.

The presence of fuel in the parked vehicles is believed to have contributed to the rapid spread and intensity of the blaze, resulting in extensive damage within minutes. Fire and Rescue Services personnel rushed to the spot immediately after receiving the alert.

Multiple fire tenders were deployed, and firefighters worked for nearly half an hour to bring the fire under control. Although the flames were successfully doused, thick smoke continued to linger in the area for some time, causing inconvenience to commuters and station staff.

Eyewitnesses said several vehicles were completely gutted, while many others suffered partial damage. Owners of the parked vehicles, many of whom are daily commuters, were seen rushing to the site after hearing about the incident, only to find their two-wheelers reduced to charred remains. The exact number of vehicles destroyed is still being assessed by authorities.

The cause of the fire has not yet been determined. Officials said a detailed investigation will be conducted to ascertain whether the fire was triggered by an electrical short circuit, a fuel leak, or any other factor.

CCTV footage from the railway station premises is likely to play a crucial role in the probe. Importantly, railway authorities confirmed that train services were not affected by the incident.

The parking area is located close to the track used by trains bound for Guruvayur, but timely intervention ensured that the fire did not spread to the railway infrastructure.

Train movement remained normal throughout the incident. Railway officials and local authorities have assured affected vehicle owners that necessary steps will be taken following the completion of the investigation.

The incident has once again raised concerns over fire safety measures at crowded public facilities such as railway stations.

Greater Kashmir

US plans to ‘run’ Venezuela and tap its oil reserves, Trump says, after operation to oust Maduro

0
US plans to ‘run’ Venezuela and tap its oil reserves, Trump says, after operation to oust Maduro

Caracus, Jan 04: Hours after an audacious military operation that plucked leader Nicolás Maduro from power and removed him from the country, President Donald Trump said Saturday that the United States would run Venezuela at least temporarily and tap its vast oil reserves to sell to other nations.

The dramatic action capped an intensive Trump administration pressure campaign on the South American nation and its autocratic leader and months of secret planning resulting in the most assertive American action to achieve regime change since the 2003 invasion of Iraq.

Legal experts immediately raised questions about whether the operation was lawful. Venezuela’s vice president Delcy Rodríguez demanded in a speech that the US free Maduro and called him the country’s rightful leader, before Venezuela’s high court ordered her to assume the role of interim president.

Speaking to reporters hours after Maduro’s capture, Trump revealed his plans to exploit the leadership void to “fix” the country’s oil infrastructure and sell “large amounts” of oil to other countries.

Maduro and his wife, seized overnight from their home on a military base, were first taken aboard a US warship on their way to face prosecution for a Justice Department indictment accusing them of participating in a narco-terrorism conspiracy.

A plane carrying the deposed leader landed around 4:30 pm Saturday at an airport in New York City’s northern suburbs. Maduro was escorted off the jet, gingerly making his way down a stairway before being led across the tarmac surrounded by federal agents. Several agents filmed him on their phones as he walked.

He was then flown by helicopter to Manhattan, where a convoy of law enforcement vehicles, including an armoured car, was waiting to whisk him to a nearby US Drug Enforcement Administration office.

A video posted on social media by a White House account showed Maduro, smiling, as he was escorted through that office by two DEA agents grasping his arms.

He was expected to be detained while awaiting trial at a federal jail in Brooklyn.

 

Move lacks congressional approval

The legal authority for the incursion, done without congressional approval, was not immediately clear, but the Trump administration promoted the ouster as a step toward reducing the flow of dangerous drugs into the US. The president touted what he saw as other potential benefits, including a leadership stake in the country and greater control of oil.

Trump claimed the US government would help run the country and was already doing so, though there were no immediate signs of that. Venezuelan state TV continued to air pro-Maduro propaganda, broadcasting live images of supporters taking to the streets in Caracas in protest.

“We’re going to run the country until such time as we can do a safe, proper and judicious transition,” Trump said at a Mar-a-Lago news conference where he boasted that this “extremely successful operation should serve as warning to anyone who would threaten American sovereignty or endanger American lives.”

Maduro and other Venezuelan officials were indicted in 2020 on “narco-terrorism” conspiracy charges, but the Justice Department released a new indictment Saturday of Maduro and his wife, Cilia Flores, that painted the regime as a “corrupt, illegitimate government” fuelled by a drug trafficking operation that flooded the US with cocaine. The US government does not recognize Maduro as the country’s leader.

Trump posted a photo on social media showing Maduro wearing a sweatsuit and a blindfold on board the USS Iwo Jima.

 

Early morning attack

The operation followed a monthslong Trump administration effort to push the Venezuelan leader, including a major buildup of American forces in the waters off South America and attacks on boats in the eastern Pacific and Caribbean accused of carrying drugs. Last week, the CIA was behind a drone strike at a docking area believed to have been used by Venezuelan drug cartels — the first known direct operation on Venezuelan soil since the US began strikes in September.

Maduro had decried prior military operations as a thinly veiled effort to topple him from power.

Taking place 36 years to the day after the 1990 surrender and seizure of Panama leader Manuel Antonio Noriega following a US invasion, the Venezuela operation unfolded under the cover of darkness early Saturday as Trump said the US turned off “almost all of the lights” in the capital city of Caracas while forces moved in to extract Maduro and his wife.

Gen Dan Caine, the chairman of the Joint Chiefs of Staff, said US forces had rehearsed their maneuvers for months, learning everything about Maduro — where he was and what he ate, as well as details of his pets and his clothes.

“We think, we develop, we train, we rehearse, we debrief, we rehearse again and again,” Caine said. “Not to get it right, but to ensure we cannot get it wrong.”

Early Saturday, multiple explosions rang out and low-flying aircraft swept through Caracas. Maduro’s government accused the US of hitting civilian and military installations, calling it an “imperialist attack” and urging citizens to take to the streets.

The assault lasted less than 30 minutes, and the explosions — at least seven blasts — sent people rushing into the streets, while others took to social media to report what they saw and heard. Some Venezuelan civilians and members of the military were killed, said Rodríguez, the country’s vice president, without giving a number. Trump said some US forces were injured but none were killed.

Video obtained from Caracas and an unidentified coastal city showed tracers and smoke clouding the landscape as repeated muted explosions illuminated the night sky. Other footage showed cars passing on a highway as blasts illuminated the hills behind them. The videos were verified by The Associated Press.

Smoke was seen rising from the hangar of a military base in Caracas, while another military installation in the capital was without electricity.

Under Venezuelan law, Rodríguez would take over from Maduro. Rodriguez, however, stressed during a Saturday appearance on state television that she did not plan to assume power, before Venezuela’s high court ordered that she assume the interim role.

“There is only one president in Venezuela, and his name is Nicolás Maduro Moros,” Rodriguez said.

 

Some streets in Caracas fill up

Venezuela’s ruling party has held power since 1999, when Maduro’s predecessor, Hugo Chávez, took office, promising to uplift poor people and later to implement a self-described socialist revolution.

Maduro took over when Chávez died in 2013. His 2018 reelection was widely considered a sham because the main opposition parties were banned from participating. During the 2024 election, electoral authorities loyal to the ruling party declared him the winner hours after polls closed, but the opposition gathered overwhelming evidence that he lost by a more than 2-to-1 margin.

In a demonstration of how polarizing a figure Maduro is, people variously took to the streets to protest his capture and celebrate it.

At a protest in the Venezuelan capital, Caracas Mayor Carmen Meléndez joined a crowd demanding Maduro’s return.

“Maduro, hold on, the people are rising up!” the crowd chanted. “We are here, Nicolás Maduro. If you can hear us, we are here!”

Earlier, armed people and uniformed members of a civilian militia took to the streets of a Caracas neighbourhood long considered a stronghold of the ruling party.

In other parts of the city, the streets remained empty hours after the attack. Some areas remained without power, but vehicles moved freely.

“How do I feel? Scared, like everyone,” said Caracas resident Noris Prada, who sat on an empty avenue looking down at his phone. “Venezuelans woke up scared, many families couldn’t sleep.”

In Doral, Florida, home to the largest Venezuelan community in the US, people wrapped themselves in Venezuelan flags, ate fried snacks and cheered as music played. At one point, the crowd chanted “Liberty! Liberty! Liberty!”

 

Questions of legality

Some legal experts raised immediate concerns about the operation’s legality.

The UN Security Council, acting on an emergency request from Colombia, planned to hold a meeting on US operations in Venezuela on Monday morning, according to a council diplomat, who spoke on the condition of anonymity to discuss a meeting not yet made public.

Lawmakers from both political parties in Congress have raised reservations and flat-out objections to the US attacks on boats suspected of drug smuggling near the Venezuelan coast. Congress has not specifically approved an authorization for the use of military force for such operations in the region.

Connecticut Rep. Jim Himes, the top Democrat on the House Intelligence Committee, said he had seen no evidence that would justify Trump striking Venezuela without approval from Congress and demanded an immediate briefing by the administration on “its plan to ensure stability in the region and its legal justification for this decision.”

Greater Kashmir

Venezuelan President flown to New York after US operation

0
Venezuelan President flown to New York after US operation

New Delhi, Jan 04: Venezuelan President Nicolás Maduro and his wife, Cilia Flores, were flown to New York after being apprehended by US forces, according to international media reports. Their aircraft landed at Stewart Air National Guard Base before they were transferred by helicopter to Manhattan’s Westside Heliport.

Maduro was then driven to the US Drug Enforcement Administration’s headquarters for booking and charges under US law, US media said.

He is expected to be moved to the Metropolitan Detention Center (MDC) in Brooklyn ahead of a court appearance in Manhattan on drug trafficking and weapons charges. The facility is known for holding high-profile detainees, the BBC reported.

The capture followed US strikes on Venezuela on Saturday. A 25-page US indictment accuses Maduro, his wife, their son, other politicians, and an alleged cartel leader of running a violent cocaine trafficking network, allegations the Venezuelan leader has long dismissed as an attempt at regime change.

US President Donald Trump said the United States would “run” Venezuela until a “safe, proper and judicious transition” is ensured. Speaking at a news conference, Trump said US oil companies would enter Venezuela, invest billions of dollars to repair its “badly broken” oil infrastructure, and “start making money for the country”. He described Venezuela’s oil sector as “a total bust for a long period of time”.

Secretary of State Marco Rubio said Washington’s next steps would depend on the Venezuelan government’s actions in the coming days. Venezuela has declared a state of national emergency and condemned the US operation as “military aggression”, with Vice-President Delcy Rodríguez insisting Maduro remains the country’s only legitimate leader. The United Nations Security Council is scheduled to hold an emergency meeting on Monday at the request of Colombia, with support from Russia and China.

Greater Kashmir

Kashmir shivers under crystal sky

0
Kashmir shivers under crystal sky

Srinagar, Jan 3: As Chillai Kalan nears the end of its second week, intense cold conditions on Saturday continued across Kashmir, with several locations recording sub-zero night temperatures.

Clear night skies contributed to a further drop in minimum temperatures, while the prolonged cold continued to affect daily routines and increase demand for heating devices across the Valley.

Srinagar recorded a minimum temperature of minus 1.5 degrees Celsius, while nearby areas – Pampore recorded minus 1.5 degrees Celsius, Ganderbal minus 1.6 degrees Celsius, and Budgam minus 2 degrees Celsius.

Qazigund registered a minimum of minus 2.6 degrees Celsius, Awantipora minus 2.4 degrees Celsius, and Anantnag shivered at minus 3 degrees Celsius, IMD officials said.

According to the officials, colder conditions prevailed in south Kashmir with Pulwama at minus 3.9 degrees Celsius and Shopian at minus 4.7 degrees Celsius, while tourist destination Pahalgam recorded minus 5.2 degrees Celsius.

In north Kashmir, Kupwara saw a low of minus 1.6 degrees Celsius, Baramulla minus 0.5 degrees Celsius, and Bandipora minus 0.2 degrees Celsius.

The tourist resort of Gulmarg was the coldest station at minus 6.5 degrees Celsius.

As temperatures dropped further during the ongoing cold spell, demand for heating appliances, including electric heaters, blowers, and electric blankets, has risen sharply across Kashmir, traders said.

“Sales have picked up significantly over the past week as people prepare for prolonged freezing nights,” said Muhammad Shafi, a local electrical goods dealer in Srinagar. “Portable heaters and blowers were in particularly high demand.”

In both urban and rural areas, residents have also made traditional hammams fully functional, while electric hammams are being widely used to maintain indoor warmth.

“We rely on the hammams throughout Chillai Kalan because it keeps the house warm for long hours,” said Altaf Ahmad of Anantnag’s S K Colony.

However, the use of the traditional Kangri, a firepot woven in wicker, has declined in urban areas due to safety concerns and the availability of electric heating, though it continues to be commonly used in rural households, especially during early mornings and evenings.

“Electric hammams are easy to use, but due to a shortage of electricity, people here use mostly traditional hammams and kangris,” said Ghulam Muhammad of Shopian’s Kellar block.

Many residents said that the biting cold has restricted the movement of people.

“People largely choose to stay indoors due to icy winds,” residents from different parts of Kashmir said.

Meteorological Department officials said the cold spell is expected to continue in the days ahead, with low temperatures likely to prevail across Kashmir as the weather will remain largely dry till January 5.

 

Greater Kashmir

MP Chowdry Ramzan advocates forensic upgrades for J&K

0
MP Chowdry Ramzan advocates forensic upgrades for J&K

Port Blair, Jan 3: Member of Parliament from north Kashmir, Chowdry Muhammad Ramzan, on Saturday strongly pitched for strengthening forensic science infrastructure in Jammu and Kashmir during a Consultative Committee Meeting of the Ministry of Home Affairs on NFSL-CFSU held at Port Blair in the Andaman and Nicobar Islands.

The meeting was chaired by Union Home Minister Amit Shah and was attended by Members of Parliament of the Consultative Committee, the Union Home Secretary, and senior officials of the Ministry of Home Affairs.

During the deliberations, Ramzan, who is a Member of the Parliamentary Consultative Committee on Home Affairs, actively participated and highlighted key issues related to the urgent need for strengthening forensic science and forensic laboratories across the country, with particular emphasis on J&K, where he said timely forensic support was critical for justice delivery, security, and lasting peace.

He underlined that the region was witnessing a rise in complex crimes, including cyber crimes, drug trafficking, explosives, and weapon-related offences, which require swift scientific investigation and reliable evidence collection.

Ramzan said that at present, a large portion of the forensic workload from J&K depends on the Central Forensic Science Laboratory (CFSL) Chandigarh, resulting in delays that adversely impact trials, facilitate bail for accused persons, and erode public confidence in the justice system.

He said that the Supreme Court had repeatedly affirmed that speedy trial was a fundamental right under Article 21 of the Constitution, and that delays arising from investigation gaps, lack of scientific evidence, or slow forensic reports were unacceptable.

Ramzan said that reliable and timely forensic evidence was essential for fair trials and lawful convictions.

He highlighted that the National Forensic Sciences University (NFSU), India’s premier forensic university and an Institution of National Importance under the Ministry of Home Affairs with headquarters at Gandhinagar, Gujarat, had limited training capacity in comparison to the needs of a country with a population of 1.42 billion.

Ramzan said that this limitation reinforced the urgent requirement for establishing new NFSU campuses in strategic regions such as J&K.

Drawing attention to the escalating drug abuse crisis in J&K, he cited the Parliamentary Standing Committee on Social Justice and Empowerment (August 2023), which reported that nearly 13.5 lakh people in J&K were affected by substance abuse, including around 11.8 lakh adults and about 1.68 lakh children in the age group of 10 to 17 years.

Ramzan also referred to findings of IMHANS, Srinagar (2023), which indicate that more than 33,000 syringes are used daily by heroin-dependent persons in Kashmir alone, highlighting serious public health and security implications.

He emphasised the urgent expansion of rehabilitation and drug de-addiction centres, along with skill development and employment opportunities, to divert vulnerable youth away from drugs, crime, and social breakdown.

To address these challenges, Ramzan proposed the establishment of a full-fledged NFSU in J&K, with dedicated campuses in border districts, including Kupwara, along with modern forensic laboratories in border areas.

He noted that sensitive border districts face unique security and cross-border challenges, and such institutions would provide state-of-the-art forensic training, create a skilled cadre of professionals, generate employment, and offer productive avenues for youth, thereby discouraging involvement in crime, drug abuse, and other social menaces.

The Union Home Minister gave a patient hearing to these recommendations and assured that modernisation of forensic infrastructure, capacity building, and strengthening of border districts would receive focused attention to enhance security, law enforcement efficiency, and public trust.

The Ministry of Home Affairs also assured the deployment of 23 mobile forensic units across Jammu and Kashmir to enable rapid on-site crime-scene investigations, immediate evidence collection, and faster case processing, significantly reducing dependence on distant laboratories.

Emphasis was also laid on strengthening DNA analysis, cyber forensics, narcotics testing, and explosives examination to ensure comprehensive and timely forensic support across all categories of cases.

Greater Kashmir

How Centre’s Rs 7,295 Cr export package can benefit Kashmir’s exporters

0
How Centre’s Rs 7,295 Cr export package can benefit Kashmir’s exporters

Srinagar, Jan 3: The government of India has announced a comprehensive Rs 7,295-crore financial support package aimed at making it easier and cheaper for exporters, particularly small and medium enterprises, to access credit and compete in global markets. For Kashmir’s handicraft, horticulture, and manufacturing exporters, this could be a significant opportunity to expand their international presence. Here’s what the package entails and how local exporters can benefit:

What Does the Package Include?

The package has two main components to be rolled out over six years (2025-31):

Interest Subvention Scheme (Rs 5,181 crore): This provides a direct subsidy on the interest rates exporters pay for pre-shipment and post-shipment export credit. Currently, MSMEs pay between 9.5 per cent and 12.5 per cent for export credit. Under the scheme, eligible MSME exporters will receive subsidy benefits ranging from 2.75 per cent, significantly reducing their borrowing costs.

The subsidy is capped at Rs 50 lakh per firm annually, but this will still cover 75 per cent of all product categories—over 12,000 tariff lines. The scheme has been resumed after a one-year gap, with the previous scheme having expired in December 2024.

Collateral Support (Rs 2,114 crore): This addresses another major hurdle for small exporters—the lack of collateral to secure loans. Under this measure, the government will provide credit guarantee support for export-linked working capital loans up to Rs 10 crore per firm. Micro and small exporters will get up to 85 per cent guarantee coverage, while medium exporters will receive up to 65 per cent coverage.

Kashmir Context: Who Can Benefit?

Kashmir’s export sector, dominated by MSMEs in handicrafts (carpets, papier-mâché, walnut wood carving, pashmina), horticulture products (apples, saffron, dry fruits), and emerging manufacturing units, stands to gain substantially from these measures.

Local exporters have long struggled with high credit costs and collateral requirements, often relying on personal assets or foregoing expansion opportunities altogether. The package directly addresses these pain points, potentially enabling Kashmir’s artisans and traders to access working capital at more competitive rates.

For instance, a Srinagar-based carpet exporter or a Sopore fruit trader seeking pre-shipment credit can now avail loans at substantially reduced interest rates, improving their margins and competitiveness in international markets like the US, Europe, and Gulf countries.

The collateral support is particularly significant for Kashmir’s small-scale exporters who often lack adequate assets to pledge against loans.

How Will It Work?

The interest subvention rates will be reviewed biannually in March and September based on domestic and global interest rate benchmarks. When policy rates fall, the subsidy will also decrease proportionately. Additional benefits will be provided to MSMEs exporting to new and emerging markets, though details are yet to be notified—a provision that could particularly benefit Kashmir exporters looking to diversify beyond traditional markets.

The Reserve Bank of India will implement the interest subvention scheme along with the Directorate General of Foreign Trade, whilst the Credit Guarantee Fund Trust for Micro and Small Enterprises will handle the collateral support. Both measures will initially be rolled out on a pilot basis with scope for refinement based on feedback.

The schemes apply to exports from a selected positive list of products, including defence and SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) products. However, restricted items, waste and scrap, and products already covered under production-linked incentive schemes are excluded.

Kashmir’s traditional export items like handicrafts and horticulture products are expected to be covered under the positive list, though final guidelines will clarify the exact scope.

This package addresses two critical challenges faced by Kashmir’s MSME exporters: high borrowing costs and lack of collateral. By reducing the cost of credit, local exporters can price their products more competitively in international markets, particularly important at a time when global trade faces headwinds from high tariffs imposed by countries like the United States.

Kashmir’s handicraft sector, which employs lakhs of artisans and contributes significantly to the local economy, has often been constrained by limited access to affordable finance. The package could enable carpet weavers, papier-mâché artists, and pashmina traders to scale up production, meet larger international orders, and explore new markets.

Similarly, horticulture exporters from Sopore and Shopian, dealing with perishable produce, require quick access to credit for packaging, cold storage, and transportation. Lower interest rates and easier collateral norms can make these operations more viable and profitable.

The measures are part of a larger Rs 25,060-crore Export Promotion Mission approved in November 2025. The first component—market access support worth Rs 4,531 crore—was rolled out on December 31, 2025, making this the second major intervention.

Local exporters should stay informed about the detailed guidelines to be released by the RBI and DGFT. The pilot rollout phase will be crucial for providing feedback on implementation challenges specific to Jammu and Kashmir, such as connectivity issues, documentation requirements, and awareness gaps.

Greater Kashmir

Karate championship concludes in Jammu, Udhampur tops

0
Karate championship concludes in Jammu, Udhampur tops

Jammu, Jan 3: The four-day 7th Jammu and Kashmir Union Territory Karate Championship 2025 concluded, with Udhampur district emerging as overall champions in the multi-category event that drew more than 600 athletes from across the Union Territory.

The championship was organised by the Amateur Karate-Do Association of Jammu & Kashmir (AKAJK).

The championship, as per a statement, witnessed participation of athletes from various districts across the Union Territory, competing in Sub-Junior, Cadet, Junior, Under-21 and Senior categories.

Udhampur District emerged as the overall champion, while Jammu District secured the first runner-up position and Kupwara District finished as second runner-up.

Greater Kashmir

- Advertisement -
Google search engine

Recent Posts