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Gold declines Rs 1,700 to Rs 1.35 lakh/10g; snaps 4-day record rally

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Gold declines Rs 1,700 to Rs 1.35 lakh/10g; snaps 4-day record rally

New Delhi, Dec 16: Snapping the four-day record rally, gold prices declined by Rs 1,700 to Rs 1,35,900 per 10 grams in the national capital on Tuesday as investors booked profits amid weak global cues, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity had surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams on Monday. The metal rose by Rs 6,000 over the previous four days, trading at record highs.

“Gold prices witnessed profit booking and remained volatile, with the yellow metal slipping towards the USD 4,275 level in global markets and staying under pressure,” Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said.

Echoing sentiments, Dilip Parmar, Research Analyst, HDFC Securities, said, “Domestic gold prices also softened, curtailing a four-day advance. These losses were, however, notably mitigated by the persistent weakness in the Indian Rupee which quoted at a record low level”.

In the local bullion markets, silver prices also depreciated by Rs 1,000 to Rs 1,98,500 per kilogram (inclusive of all taxes). The white metal had ended flat at Rs 1,99,500 per kg, also its all-time high level, as per the association.

Parmar added that physical jewellery demand is expected to be subdued commensurate with the onset of the inauspicious period, investment demand is forecast to remain robust, a tendency driven by prevailing risk-averse market sentiments.

In the international markets, spot gold snapped a five-day winning streak, declining by USD 27.80, or 0.65 per cent, to USD 4,277.42 per ounce.

“Gold prices experienced a modest decline, easing following five consecutive sessions of appreciation, as market participants strategically positioned themselves ahead of a critical suite of US economic data releases this week,” Dilip Parmar said.

These incoming reports are poised to offer significant clarity regarding the Federal Reserve’s predilection for implementing further interest-rate cuts, a key macroeconomic catalyst for the non-yielding asset, he added.

Spot silver also dropped by USD 1.07, or 1.67 per cent, to USD 63.02 per ounce in the overseas markets.

Bullion prices are trading lower as caution prevails ahead of US nonfarm payroll (NFP) data to be released later in the day, which will show NFP figures of both October and November, Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said.

Greater Kashmir

Income Tax dept organises tax awareness programme at Mini Secretariat Ganderbal

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Income Tax dept organises tax awareness programme at Mini Secretariat Ganderbal

Srinagar, Dec 16: The Income Tax Department on Tuesday organised a tax awareness programme at Mini Secretariat Ganderbal.

At the occasion, Deputy Commissioner Income Tax, Srinagar Shakil Ahmad Ganie – a 2016 batch Indian Revenue Service officer – addressed the gathering and emphasised on timely compliances and correct declaration of Income Tax.

He highlighted the importance of income tax in national development while assuring the taxpayers of speedy grievance redressal and better awareness through more outreach programs.

The program was attended by local traders including the office bearers of local trader and market associations.

During the interaction, various provisions of the Income Tax Act and the important changes were explained by Deputy Commissioner through a presentation followed by a question and answer session.

The event was also attended by the officers of various government departments who were briefed about the various provisions related to TDS and the related compliances.

Greater Kashmir

NC MPs meet Home Minister Amit Shah in New Delhi

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NC MPs meet Home Minister Amit Shah in New Delhi

Srinagar, Dec 16: Jammu and Kashmir National Conference (NC) Members of Parliament in the Rajya Sabha met Union Home Minister Shri Amit Shah on Tuesday and submitted a detailed memorandum highlighting key constitutional, humanitarian, and administrative concerns impacting Jammu & Kashmir.

As per news agency Kashmir News Corner — KNC, NC MP’s comprising of Chowdry Mohammad Ramzan, Sajjad Ahmad Kitchloo, and Gurwinder Singh Oberoi met Home Minister Amit Shah in New Delhi.

The memorandum, dated 15th December 2025, focused on three major issues, On humanitarian concerns for prisoners lodged outside J&K, the NC MPs expressed deep concern over the plight of families whose loved ones are lodged in prisons far from the Union Territory. They said thousands of families mothers, children, and elderly parents continue to suffer due to the long distances, financial burdens, and legal complications involved in visiting detainees.

The memorandum noted that many prisoners continue to remain incarcerated despite no serious charges being proven, adding that the continued lodging far from home amounts to punishment for poverty rather than guilt. The MPs urged the Union Home Minister to review the policy of sending prisoners outside J&K and to consider releasing those against whom no serious charges are established, emphasizing that Kashmiri citizens deserve dignity, justice, and compassion.

On restoration of full statehood, the MPs reminded the Home Minister of assurances given by both the Prime Minister and the Union Home Minister regarding the early restoration of full Statehood to Jammu & Kashmir. They referred to the Supreme Court judgment of December 11, 2023, which recognized these assurances and directed the completion of democratic processes, including elections, as a step toward restoring Statehood.

The memorandum stated that following elections and the formation of an elected government, the people of J&K expect the Centre to honor these assurances. The MPs emphasized that continued delay in restoring Statehood is causing democratic, administrative, and emotional distress, and urged the government to take clear, concrete, and time-bound steps to restore full Statehood in line with constitutional and judicial directives.

Notification of business rules, the MPs also raised concerns over the non-notification of Business Rules, which govern the functioning of the administration in J&K. They noted that the absence of these rules has led to ambiguity, overlap of authority, and uncertainty in governance, thereby undermining the authority of elected representatives and affecting public accountability.

They requested that the Business Rules be notified at the earliest, so that governance can be conducted smoothly, transparently, and in accordance with democratic norms and constitutional propriety.

The memorandum concluded that addressing these issues humanitarian justice, restoration of Statehood, and clear administrative rules is central to restoring trust, dignity, and democratic normalcy in Jammu & Kashmir.

The NC MPs urged the Union Home Minister to consider these concerns and take appropriate action at the earliest.

Greater Kashmir

Police seize 6 vehicles involved in illegal mining in Shopian, 5 cases registered

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Police seize 6 vehicles involved in illegal mining in Shopian, 5 cases registered

Srinagar, Dec 16: As part of its sustained and intensified drive against illegal mining activities, Jammu and Kashmir Police in Shopian have seized three tractors, one tipper and two JCB machines involved in the unauthorized extraction and transportation of minerals from various locations across the district.

According to the statement, the action was taken during routine patrolling and enforcement drives, resulting in the registration of the cases under (1) FIR No. 68/2025, Police Station Heerpora – One tractor seized; (2) FIR No. 41/2025, Police Station Imamsahib – One tractor seized; (3) FIR No. 50/2025, Police Station Keller – One JCB seized; (4) FIR No. 69/2025, Police Station Heerpora – One tractor seized; and (5) FIR No. 267/2025, Police Station Shopian – One tipper and one JCB seized.

All the seized vehicles were found involved in illegal mining activities without valid permission or royalty documents. Investigations in all the cases are underway.

Police reaffirm their firm commitment to safeguarding the district’s natural resources and ensuring strict legal action against those involved in illegal mining. The general public is urged to cooperate with the police by reporting such unlawful activities, the statement reads.

Greater Kashmir

Kashmir-born psychiatrist honoured with ‘Mental Health Professional of the Year’ award in UK

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Kashmir-born psychiatrist honoured with ‘Mental Health Professional of the Year’ award in UK

Srinagar, Dec 16: Dr Shaheen Aslam Shora, a Kashmir-born Consultant Psychiatrist and Clinical Director of Specialist Mental Health Services at Hertfordshire Partnership NHS Foundation Trust in the United Kingdom, has been awarded the prestigious ‘Mental Health Professional of the Year’ title at the inaugural British Muslim Health Awards 2025.

The award was conferred on December 13 in recognition of Dr Shora’s exceptional dedication, compassion and leadership in the field of mental health, as well as her sustained commitment to charitable work and improving access to mental healthcare for underserved communities.

Born and raised in Srinagar, Dr Shora completed her schooling at Mallinson Girls School, where she served as Head Girl. She went on to earn her MBBS degree from SKIMS Medical College and later completed a diploma in psychological counselling in Chennai. Early in her career, she worked in a voluntary capacity with Doctors Without Borders, conducting trauma counselling workshops for vulnerable populations.

Dr Shora moved to the United Kingdom in 2002 and achieved membership of the Royal College of Psychiatrists in 2005. In recognition of her outstanding contributions to mental health services, education, training and research, she was awarded the Fellowship of the Royal College of Psychiatrists in 2023.

Known as a compassionate clinician and an inclusive leader, Dr Shora is a strong advocate for equity, diversity and inclusion. She currently serves as the National Equity Champion of the Royal College of Psychiatrists and is an executive member of the College’s Old Age Faculty. In these roles, she has worked tirelessly to improve patient care, safety and service quality, ensuring better outcomes for people from all social and cultural backgrounds.

Beyond her clinical responsibilities, Dr Shora remains deeply connected to her roots. She is the General Secretary of the British Kashmiri Medical Association and has played a key role in organising educational conferences and community events that bring together the Kashmiri diaspora in the UK. She also actively supports charitable initiatives aimed at strengthening healthcare delivery in underprivileged communities.

Dr Shora attributes her success to the encouragement and unconditional love of her parents, the unwavering support of her husband, the guidance of her mentors and colleagues, and the support of her family and close friends in both the UK and Kashmir. She has expressed profound gratitude for what she describes as the blessings of Almighty Allah throughout her journey.

She dedicated the award to her sister-in-law, Sasha Bhat, acknowledging her as a champion of mental health who has worked tirelessly to raise awareness and improve access to services for ethnic minority communities in the north of England.

Dr Shora’s achievement has been widely hailed as a moment of pride for Kashmir and for the global Kashmiri medical community, highlighting the impact of dedication, service and leadership in advancing mental healthcare worldwide.

Greater Kashmir

Auqib Nabi’s IPL dream comes true as DC buy J&K pacer for Rs 8.4 crore

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Auqib Nabi’s IPL dream comes true as DC buy J&K pacer for Rs 8.4 crore

Srinagar, Dec 16: Jammu & Kashmir fast bowler Auqib Nabi scripted a landmark moment in his career on Tuesday after being snapped up by Delhi Capitals for Rs 8.4 crore at the IPL 2026 auction, marking his maiden entry into the world’s biggest franchise T20 league.

The sale triggered celebrations across J&K cricket circles, with Auqib emerging as one of the most high-profile buys from the region in recent years. The right-arm pacer, who has been J&K’s pace spearhead in domestic cricket, attracted keen interest before DC sealed the deal at Rs 4 crore.

Auqib’s selection comes on the back of consistent performances across formats, particularly his impressive outings in the recent domestic season, where his pace, discipline and ability to strike at crucial moments stood out. His rise had already generated strong buzz ahead of the auction, with multiple franchises tracking his progress during trials.

Speaking earlier to Greater Kashmir, Auqib had expressed optimism but remained grounded.
“You don’t think too much about selection or rejection. You just keep working hard. Whatever happens, happens,” he had said.

At home, emotions ran high as the hammer finally came down in his favour. Auqib’s father, who had spoken of belief and patience ahead of the auction, said the moment was a reward for years of perseverance.

“We always believed in his hard work. As a family, we prayed and left everything to Allah,” he said.
Auqib’s IPL contract is being seen as a significant breakthrough for Jammu & Kashmir cricket, reinforcing the growing presence of players from the region on the national stage.

Greater Kashmir

ACB files chargesheet against former Sarpanch in Ganderbal bribery trap case

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ACB files chargesheet against former Sarpanch in Ganderbal bribery trap case

Srinagar, Dec 16: The Jammu and Kashmir Anti-Corruption Bureau (ACB) on Tuesday submitted a charge-sheet before the Special Anti-Corruption Court in Srinagar against a former Sarpanch from Ganderbal in a bribery trap case.

In a statement issued, J&K Anti-Corruption Bureau presented Charge-sheet in case FIR No. 13/2023 under Section 7 of the Prevention of Corruption Act, 1988 of Police Station ACB Srinagar Kashmir against accused public servant namely Mohammad Muzaffer Rather, then Sarpanch Manigam Ganderbal, in a bribery case before the Hon`ble Special Judge Anti-Corruption Court Srinagar.

The FIR was registered on 01-08-2023 on a written complaint alleging therein that aforesaid accused demanded ₹9,000/- as bribe for affecting settlement between the complainant and his sister, of a property dispute between them, it reads.

A trap was laid down and the accused was caught red-handed while accepting ₹9000/- as bribe from the complainant. The bribe money was recovered on spot and chemical tests later confirmed the presence of phenolphthalein on the accused’s hands, it reads.

Statement reads that, based on the facts and circumstances together with cogent evidences brought on record, the investigation established the commission of offence u/s 7 of the Prevention of Corruption Act, 1988 against the accused public servant namely Mohammad Muzaffer Rather, then Sarpanch Manigam Ganderbal.

After obtaining the requisite sanction for prosecution from the Govt. the charge-sheet has been presented before the Hon’ble Court of Special Anti-Corruption Judge Srinagar, today on 16 December 2025 for judicial determination.

The next date of hearing has been fixed on 02-03-2026, reads the statement.

Greater Kashmir

Lieutenant Governor inaugurates 108-feet national flag mast in J&K’s Akhnoor on Vijay Divas

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Lieutenant Governor inaugurates 108-feet national flag mast in J&K’s Akhnoor on Vijay Divas

Akhnoor, Dec 16: In a solemn and inspiring ceremony marking the observance of Vijay Diwas, the Lieutenant Governor Manoj Sinha, today inaugurated a towering 108-feet National Flag Mast at Kachrial, Akhnoor. The majestic Tricolour has been dedicated to the heroes of the historic Battle of Chhamb and serves as a symbolic remembrance of the extraordinary valour and supreme sacrifices exhibited by the Indian Armed Forces during the 1965 and 1971 wars.

The region of Chhamb was a pivotal and crucial battleground in both Indo-Pak wars of 1965 and 1971 which was marked by fierce and unrelenting fighting by Indian Army. Facing overwhelming enemy strength, Indian soldiers against daunting odds and in the face of relentless assaults displayed exemplary courage by offering stubborn resistance in the battered landscape despite suffering heavy losses. The intensity and ferocity of operations in the region of Chhamb during both 1965 and 1971 wars has been given a special mention in annals of Indian military history.

The inauguration ceremony witnessed the presence of senior military and civil officials, war veterans, veer naris, students and local residents, who gathered to honour the fallen heroes. The momentous event included hoisting of the National Flag, National Anthem, patriotic renditions and cultural program which included display of traditional Khukuri Martial Arts by Gorkha Regiment to commemorate the supreme sacrifices by those who laid down their life in line of duty. During the event the veer naris and war veterans were felicitated by the Chief guest.

The installation of the monumental flag mast at Kachrial stands as a permanent reminder of the region’s strategic significance, heroic contributions of soldiers and vital role played by the locals during wars, conflicts and cease fire violations. It reinforces the nation’s collective gratitude and serves to inspire patriotism among the youth.

Greater Kashmir

Oppn storms LS over MGNREGA name change, Priyanka Gandhi flags threat to employment guarantee

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Oppn storms LS over MGNREGA name change, Priyanka Gandhi flags threat to employment guarantee

New Delhi, Dec 16: As the Lok Sabha reconvened on Tuesday, the opposition mounted a strong protest against the introduction of the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G), 2025, which seeks to replace the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

The Opposition MPs raised objections over the renaming of the flagship rural employment scheme and demanded that the proposed legislation be referred to a parliamentary panel for detailed scrutiny.

Union Minister Shivraj Singh Chouhan introduced the Bill in the House, following which opposition members questioned the rationale behind removing Mahatma Gandhi’s name from a landmark welfare scheme that has been in place for nearly two decades.

Leading the charge, Congress MP Priyanka Gandhi Vadra attacked the government over its move to replace MGNREGA, warning that the new Bill could “weaken” the original Act’s guarantee of 100 days of employment for the poorest sections of society.

She also questioned what she described as the Centre’s “obsession” with renaming long-standing schemes.

“MGNREGA was such a revolutionary Bill that when it was introduced, it was applauded by all political parties. This Bill plays a key role in strengthening the rural economy and gives 100 days of employment on demand,” Priyanka said while speaking in the House.

She pointed out that the existing Act was demand-driven, with allocations rising in response to the number of people seeking work.

In contrast, she argued, the VB-G RAM G fixes allocations on a yearly basis and shifts additional financial pressure onto states, as only 60 per cent of the expenditure would be borne by the Centre.

“The fundamental principle of our Constitution is that power should be in the hands of every individual, and that same fundamental principle is present in the Panchayati Raj system. This Bill, this legislation that is being introduced, is against that fundamental principle. The provisions of this Bill, which weaken the right to employment, a legal right, are contrary to our Constitution,” Priyanka said.

Amid loud sloganeering and repeated interruptions from both sides of the House, she also made an emotional appeal while defending the legacy of the scheme’s name.

“Mahatma Gandhi was not from my family, but he is like family to me, and this is the feeling of the entire country,” she said.

While firmly opposing the introduction of the Bill, Priyanka suggested that the government withdraw the proposed legislation and bring in a revised version, which should then be referred to a special committee for wider consultation and examination.

Greater Kashmir

PM Modi proposes to double India-Jordan trade to USD 5 bn in next 5 years

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PM Modi proposes to double India-Jordan trade to USD 5 bn in next 5 years

Amman, Dec 16: Prime Minister Narendra Modi on Tuesday sought to double India-Jordan bilateral trade to USD 5 billion over the next five years, as he invited Jordanian companies to take advantage of the country’s high economic growth and reap handsome returns.

Modi arrived in Jordan’s capital, Amman, on Monday for a two-day visit at the invitation of King Abdullah II. Jordan is the first leg of the Prime Minister’s four-day, three-nation tour, which will also take him to Ethiopia and Oman.

On Tuesday, Prime Minister Modi and King Abdullah II addressed the India-Jordan Business Forum here. It was also attended by Crown Prince Hussein and Jordan’s Minister of Trade and Industry and Minister of Investment.

The two leaders acknowledged the importance of increasing business-to-business ties between the two countries, and called upon the industry captains from both sides to convert the potential and opportunities into growth and prosperity.

King Abdullah II noted that Jordan’s free trade agreements and India’s economic power could be combined to create an economic corridor between South Asia and West Asia and beyond.

Addressing the gathering, Modi said India’s success as the fastest-growing major economy, which is on course to become the third-largest economy in the world, offers immense business opportunities for its partners in Jordan and across the globe.

“The relationship between India and Jordan is one where historical trust and future economic opportunities come together,” he noted.

Modi invited Jordanian companies to partner with India and reap the benefits of its 1.4 billion consumer market, strong manufacturing base, and stable, transparent, and predictable policy environment.

Referring to the over 8 per cent growth of the Indian economy, he said India’s high GDP numbers are due to productivity-driven governance and innovation-led growth policies.

Noting that India is Jordan’s third-largest trading partner, the Prime Minister said that in the universe of business, numbers matter.

The Prime Minister further said that he was not here merely to count on numbers, but to build long-term, trusted partnerships that extend beyond statistics.

Jordan and India share a vibrant contemporary partnership, built on the strong edifice of their close civilisational ties, Modi added.

He also proposed doubling bilateral trade with Jordan to USD 5 billion over the next five years.

Modi highlighted opportunities for India-Jordan business collaboration in the fields of digital public infrastructure, IT, fintech, health-tech and agri-tech and invited start-ups from both nations to join hands in these areas.

Talking about India’s strength in the pharma and medical devices sectors and Jordan’s geographical advantage, he said the two nations can complement each other and make Jordan a reliable hub for West Asia and Africa in these fields.

He also underlined business opportunities for the two sides in the areas of agriculture, cold chain, food parks, fertilisers, infrastructure, automobile, green mobility and heritage and cultural tourism.

Speaking about India’s green initiatives, the Prime Minister suggested greater India-Jordan business collaboration in the fields of renewable energy, green financing, desalination and water recycling.

Business leaders from both countries in the fields of infrastructure, health, pharma, fertiliser, agriculture, renewable energy, textile, logistics, automobile, energy, defence, and manufacturing participated in the forum.

The delegation also comprised representatives of Ficci and the Jordan Chamber of Commerce, who have an existing MoU to promote trade and economic cooperation between the two countries.

Greater Kashmir

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