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Rupee slumps to all-time low of 92.16 against US dollar

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Rupee slumps to all-time low of 92.16 against US dollar

Mumbai, Mar 4: The rupee slumped 67 paise to close at an all-time low of 92.16 against US dollar on Wednesday, weighed down by spiking crude oil prices in the wake of the Iran crisis.

Forex traders said the dollar index crossed 98 levels on the risk-off situation prevailing all around the globe amid the US-Iran crisis, further pressurizing the rupee.

Moreover, massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down, they said.

At the interbank foreign exchange, the rupee opened at 92.05 and touched an all-time intraday low of 92.35 against the greenback. The currency ended the session at an all-time low of 92.16 (provisional) against the dollar, registering a steep loss of 67 paise from the previous closing level. On Monday, the rupee saw a steep loss of 41 paise to settle at 91.49 against the US dollar.

The forex Market was closed on Tuesday on account of Holi.

“A sharp escalation in Middle East conflict and the consequent spike in oil prices have reduced investor risk appetite. Higher oil prices increase inflation concerns and fiscal pressure on India (a major oil importer), leading to selling in bonds and rising yields,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.23 per cent lower at 98.82.

“The dollar index crossed 98 levels comfortably on the risk-off situation prevailing all around the globe with stocks and bond markets getting hit badly, along with Gold and Silver, with predominance of the dollar, Bhansali said.

Brent crude, the global oil benchmark, was up 1.29 per cent at 82.46 per barrel in futures trade, after the US attacks on Iran and Iran’s retaliatory measures as threats to energy flows through the Strait of Hormuz continued to underpin disruption worries.

On the domestic equity market front, the Sensex tanked 1,122.66 points to settle at 79,116.19, while the Nifty dived 385.20 points to 24,480.50.

On Monday, foreign institutional investors offloaded equities worth Rs 3,295.64 crore, according to exchange data.

Greater Kashmir

United Nations pushes digital education as lifeline

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United Nations pushes digital education as lifeline

New Delhi, Mar 4: The United Nations Security Council turned its focus to a stark statistic: 473 million children, one in five worldwide, are either living in or fleeing conflict zones, with millions at risk of losing access to education as wars shutter schools and displace families.

Meeting under the March presidency of the United States, the Council heard calls for the rapid expansion of digital education, backed by stronger safeguards, to ensure that learning continues even when classrooms fall silent. The session, chaired by US First Lady Melania Trump, the first time a presidential spouse has presided over a Council meeting, centred on how technology can bridge widening educational gaps in conflict settings.

Briefing ambassadors, Rosemary DiCarlo, Under-Secretary-General for Political and Peacebuilding Affairs, said recent events highlights how children remain among the worst affected by armed violence. Schools in Israel, the United Arab Emirates, Qatar, Bahrain and Oman have temporarily closed and shifted to remote learning amid rising regional tensions.

She also referred to reports from Iran alleging that dozens of children may have been killed when a strike hit an elementary school in Minab. “United States authorities have announced that they are looking into these reports,” she said.

Globally, 234 million children in conflict situations require educational support, DiCarlo noted, with 85 million entirely out of school. In 2024 alone, the UN verified 2,374 attacks on schools and hospitals, a figure she said likely understates the true toll.

“Digital learning can offer access to education when schools are closed or inaccessible, or when students are fleeing violence,” she told the Council, pointing to initiatives such as the Instant Network Schools programme operating in the Democratic Republic of the Congo and South Sudan, which provides refugees and teachers with internet-enabled educational resources.

At the same time, she warned of mounting online threats. Children in war zones face heightened risks of exploitation, trafficking, radicalization, and recruitment by armed groups through digital platforms. Cyberbullying and misinformation further compound their vulnerability. Strengthening legal frameworks and funding education in emergencies are critical, she stressed, adding: “The most effective way to protect children from conflict is to prevent and end wars.”

Speaking in her national capacity, Melania. Trump declared: “The United States stands with all of the children throughout the world.” She argued that education reflects a nation’s core values and that, in an era of unprecedented connectivity, technology can help meet basic human needs.

Nearly 6 billion people, around 70 per cent of the global population, now have access to mobile devices and the internet, she said. Artificial intelligence, once confined to research institutions, is expanding access to knowledge and enabling cross-cultural understanding. “Today, almost anyone anywhere can access a vast universe of data in the palm of their hand,” she said, urging efforts to connect even the most remote communities to AI-driven learning tools.

Her remarks echoed the Council’s own framework under resolution 2601 (2021), which calls on Member States to promote remote and digital learning solutions and ensure educational continuity for refugee and displaced children.

Delegates from countries scarred by conflict shared hard-earned lessons. Liberia’s representative recalled his country’s 14-year civil war, warning that when education collapses, conflict “does not end, it simply mutates”. Community radio once delivered lessons nationwide when physical classrooms were unsafe, demonstrating the value of adaptable technology.

The Democratic Republic of the Congo described ongoing challenges in South Kivu province, where violence and armed group occupation have forced thousands of schools to close. Nonetheless, Kinshasa has adopted a 2025 strategy to build a resilient, inclusive system capable of ensuring learning continuity before, during and after crises.

From the Middle East, Bahrain’s delegate said regional instability has disrupted schooling, citing UNICEF figures that 30 million children in the Middle East and North Africa are out of school or outside formal education. Pakistan cautioned that “technology is not a substitute for peace,” while Somalia drew attention to Gaza, where more than 97 per cent of schools have reportedly been damaged or destroyed.

France highlighted the plight of Ukrainian children whose classes are frequently interrupted by air-raid sirens, while warning that social media is being used in several conflicts to spread propaganda and facilitate recruitment of minors.

Safeguards and the digital divide

Many delegations stressed that digital education must be accompanied by comprehensive safeguards. Colombia warned that the online environment has become “a new space of vulnerability”, where criminal networks exploit and manipulate minors. Greece called for national strategies that harness technology to build “bridges to safe education, dignity and hope”.

The Russian Federation pointed to the proliferation of online material depicting sexual violence against children, citing the new UN Convention against Cybercrime as a tool to combat such abuses. Denmark emphasized the persistent digital divide, noting that children in the poorest and most conflict-affected regions are least likely to have reliable internet access.

China underscored the transformative potential of remote teaching, satellite networks and AI, while insisting that technological deployment must respect national sovereignty and cultural traditions.

Several speakers cautioned against overreliance on artificial intelligence. Panama warned that technology must supplement, not replace, in-person education. Latvia agreed: “Digital tools must support teachers, not sideline them.”

As debates unfolded, one theme recurred: education is both a casualty of war and a pathway out of it. Or, as Liberia’s delegate put it, the journey “from ceasefire to resilience runs through the classroom.”

Greater Kashmir

Lack of specialist at PHC Dudi sparks public outcry in Machil

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Lack of specialist at PHC Dudi sparks public outcry in Machil

Kupwara, Mar 4: Amid public protests over the transfer of a specialist doctor from Primary Health Centre (PHC) Dudi in the Machil sector of north Kashmir’s Kupwara district, Lolab MLA Qaiser Jamsheed Lone has intervened and assured residents that a replacement specialist will be posted shortly.

The specialist doctor was relieved from PHC Dudi following his selection for further studies at Government Medical College (GMC) Baramulla, raising concerns among residents about the availability of healthcare services in the remote border area.

Addressing the issue, Lone said he had taken serious note of the matter and raised it with the Health Minister to ensure that medical services in the region remain unaffected.

“There is nothing to worry about. I have taken serious note of the issue and raised it with the Health Minister, who has assured me that a specialist doctor will be posted within few days at PHC Dudi,” Lone said while speaking to Greater Kashmir.

The MLA appealed to the people of Machil to remain calm, assuring them that the well-being of residents in the border sector remains a priority for him.

He said that necessary steps were being taken to address the concerns raised by the public and ensure that healthcare facilities in the area are strengthened.

“Better healthcare services in Machil remain my top priority,” Lone said.

Meanwhile, Chief Medical Officer Kupwara, Dr Zafar Akbar, said that basic healthcare services at PHC Dudi continue to function despite the transfer.

He said an MBBS doctor, along with two BUMS doctors, are already posted at the health centre and are performing their duties efficiently.

Dr Akbar added that medical staff currently posted at the facility are ensuring that patients receive essential healthcare services while efforts are underway to address the issue of specialist availability.

Greater Kashmir

India urges restraint amid escalating Middle East conflict; calls for dialogue and diplomacy

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India urges restraint amid escalating Middle East conflict; calls for dialogue and diplomacy

New Delhi, Mar 04: India expressed its deep concern at the commencement of the conflict in Iran and the Gulf region on 28 February 2026, and urged all sides to exercise restraint, avoid escalation and prioritize the safety of civilians.

The Ministry of External Affairs (MEA) in a statement said that it is unfortunate that in the holy month of Ramadhan, the situation in the region has deteriorated significantly and continuously.

In recent days, we have not only witnessed an intensification of the conflict but also its spread to other nations. The destruction and deaths have mounted, even as normal life and economic activities come to a halt. As a proximate neighbour with critical stakes in the security and stability of the region, these developments evoke great anxiety, the MEA in a statement said.

It said there are almost one crore Indian citizens who live and work in the Gulf region. Their safety and well-being is of utmost priority. India cannot be impervious to any development that negatively affects them. Our trade and energy supply chains also traverse this geography. Any major disruption has serious consequences for the Indian economy. As a country whose nationals are prominent in the global workforce, India is also firmly opposed to attacks on merchant shipping. Already, some Indian nationals have lost their lives or are missing as a result of such attacks in the last few days.

In this background, India strongly reiterates its call for dialogue and diplomacy. We raise our voice clearly in favour of an early end to the conflict. Already, many lives have been regrettably lost and we express our grief in that regard, statement said.

It also said that Indian Embassies and Consulates in the affected countries remain in close touch with Indian nationals and community organizations, issuing regular advisories as appropriate. They have also extended all possible help to those stranded by the conflict. The Embassies and Consulates will continue to be proactive in addressing various consular aspects of this conflict.

We are in touch with the governments of this region as well as other key partners. Prime Minister and External Affairs Minister have held discussions with their counterparts. The government will continue to closely monitor the evolving situation and take relevant decisions in the national interest, the statement held.

Greater Kashmir

IndiGo cancels more than 500 flights to Middle East in past 4 days amid widening crisis

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IndiGo cancels more than 500 flights to Middle East in past 4 days amid widening crisis

Mumbai, Mar 04: IndiGo on Wednesday said it cancelled over 500 flights to the Middle East and select international destinations from February 28 to March 3 due to the evolving airspace restrictions over Iran and other Gulf countries.

In a regulatory filing, the airline said that it will continue to closely monitor the revenue environment arising from this situation.

With airspace curbs in the Middle East due to the conflict involving the US, Israel and Iran, flight services have been significantly impacted since February 28.

“More than 500 flights to the Middle East and select international destinations have been cancelled between February 28 and March 3,” IndiGo said.

It said in the filing, “Our operational teams are continuously assessing the evolving regional developments, recalibrating flight schedules, and planning repatriation operations in coordination with relevant authorities in India and the respective international jurisdictions, with the objective of minimising disruption to passengers.”

The Civil Aviation Ministry said on Tuesday that 1,221 flights by Indian carriers and 388 flights by foreign carriers had been cancelled (till March 3) due to the ongoing situation.

As per the Ministry website, the number of departed international flights from India was 356, while 338 international flights landed at various international airports in the country on March 3.

Greater Kashmir

JKSA seeks immediate evacuation of Indian students from Iran, raises issue with EAM Jaishankar

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JKSA seeks immediate evacuation of Indian students from Iran, raises issue with EAM Jaishankar

Srinagar, Mar 04: The Jammu & Kashmir Students Association (JKSA) on Wednesday raised serious concerns with External Affairs Minister Dr. S. Jaishankar regarding the safety of Indian students stranded in different parts of Iran amid the ongoing airstrikes and escalating hostilities.

In a statement, JKSA National Convenor Nasir Khuehami conveyed to the External Affairs Minister that the Association has been receiving countless phone calls and messages from distressed parents of Kashmiri students whose wards are currently stranded in cities including Qom, Urmia, Arak and other regions. The students are extremely panicked, frightened, and anxious due to the continuous airstrikes and missile attacks being reported from several parts of the country.

“Many students are residing in close proximity to sensitive locations and have expressed deep fear for their safety. The intensity of the explosions reportedly shook the buildings, leaving many students frightened, anxious, and deeply distressed. The constant sound of explosions and fighter jets has created an atmosphere of uncertainty and psychological distress among them,” Khuehami said. Their families back home are equally worried and are desperately seeking reassurance regarding the well-being of their children.

The Association has requested the External Affairs Minister to kindly intervene and facilitate the immediate evacuation of Indian students from Iran or relocate them to safer places until the situation stabilizes. Such a step, the Association said, would greatly ease the anxiety of hundreds of families who are waiting for their children to be brought to safety.

The Association also acknowledged and expressed gratitude to the Ministry of External Affairs and the Embassy of India in Tehran for their prompt efforts in relocating several students from the worst-affected areas of Tehran to the comparatively safer city of Qom through special buses arranged for their transportation. The timely intervention brought immense relief to many worried families.

However, the Association noted with concern that soon after reaching Qom, some students reported hearing fresh explosions and airstrikes in nearby areas, which again triggered panic among them and further heightened their sense of insecurity.

Given the rapidly evolving security situation, the Association has urged the Government of India to closely monitor the ground situation and prepare contingency plans for the safe evacuation of Indian students at the earliest possible time, as the situation across several parts of Iran continues to deteriorate amid escalating hostilities.

Khuehami emphasized that swift and proactive action would not only ensure the safety of the students but also provide much-needed reassurance to their anxious families who are closely following developments from afar.

“The Association remains hopeful that the Ministry of External Affairs will continue to extend all possible support and take necessary steps to safeguard the lives and well-being of our students during this extremely difficult and uncertain situation,” he added.

Greater Kashmir

CM Omar Abdullah interacts with civil society members over Iran situation

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CM Omar Abdullah interacts with civil society members over Iran situation

Srinagar, Mar 04: Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday met with religious leaders and civil society members here to discuss the situation in West Asia wake following the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei in a US-Israel airstrike.

“Chief Minister today interacted with religious leaders and members of civil society in Srinagar in light of recent developments in West Asia. The participants expressed concern over the situation and conveyed their condolences over the loss of lives in Iran,” the Chief Minister’s Office (CMO) said in a post on X.

During the meeting, Abdullah emphasised the importance of maintaining peace and harmony in Jammu and Kashmir. While acknowledging the people’s grief, he urged that “expressions of grief and mourning remain peaceful and responsible”.

The gathering also included a ‘Fatiha’ (special prayer) for the late Ayatollah Ali Khamenei and others who lost their lives in the recent military strikes. “The participants prayed for peace and expressed hope for stability,” the CMO added.

Greater Kashmir

Israel targets Iran’s security forces, leadership as Iran presses attacks across region

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Israel targets Iran’s security forces, leadership as Iran presses attacks across region

Dubai, Mar 04: The United States and Israel hit Iran’s capital and other cities in multiple airstrikes on Wednesday, the fifth day of the war with Iran. Israel targeted the Iranian leadership and security forces as the Islamic Republic responded with missile barrages and drone attacks on Israel and across the region.

Iran’s paramilitary Revolutionary Guard issued its most intense threat yet as the war escalated, saying it was prepared for the “complete destruction of the region’s military and economic infrastructure.”

Tehran residents woke to dawn blasts, and Iranian state television showed the ruins of a building in the centre of the capital. The Shiite seminary city of Qom and multiple other cities were also targeted.

With fighter jets roaring overhead, those still in Tehran looked anxiously to the skies. One man, who ran a clothing shop, said he didn’t know what to do.

“If I leave the city, how am I supposed to earn money and survive?” he said, speaking on condition of anonymity for fear of reprisals.

The Israeli military said one of its F-35 stealth fighter jets shot down a piloted Iranian Air Force YAK-130 fighter over Tehran on Wednesday. It also said Israeli air defences were activated to intercept Iranian missiles fired at targets around the country, and explosions were heard around Jerusalem.

The tempo of the strikes on Iran was so intense that authorities postponed the mourning ceremony for Iranian Supreme Leader Ayatollah Ali Khamenei, who was killed in the conflict, according to Iranian state television.

Meanwhile, Turkey’s Defence Ministry said NATO defences intercepted a ballistic missile launched from Iran before it entered Turkey’s airspace. An Iranian naval frigate sank off the coast of Sri Lanka. Authorities there rescued 32 people, though others died, Sri Lankan officials said.

It was not immediately clear what happened to the ship, which Sri Lankan authorities identified as the IRIS Dena, and is armed with heavy guns, surface-to-air missiles, anti-ship missiles, torpedoes and can carry a helicopter. The US military said earlier it had already destroyed 17 Iranian vessels and that its goal was to sink “the entire navy.”

US Embassies and oil in the crosshairs

With Iran’s stranglehold on tanker movement through the Strait of Hormuz, the narrow mouth of the Persian Gulf through which about a fifth of the world’s oil is shipped, Brent crude prices hit USD 84 a barrel, up more than 15 per cent since the start of the conflict and at its highest price since July 2024.

Global stock markets have been hammered over worries that the spike in oil prices may grind down the world economy and sap corporate profits.

Iran has also attacked regional infrastructure. Saudi Arabia said Wednesday its Ras Tanura oil refinery, one of the world’s largest, was again targeted after an unsuccessful drone attack on it earlier in the week. The kingdom’s oil ministry said the latest attack did not cause any damage and supplies were not affected.

The American Embassy in Saudi Arabia and the US Consulate in the United Arab Emirates came under drone attacks on Tuesday, and the US State Department said on Wednesday it had authorised non-emergency government personnel to evacuate the kingdom.

US Navy Adm. Brad Cooper, the head of US Central Command, said Iran has launched more than 500 ballistic missiles and 2,000 drones so far.

“We’ve already struck nearly 2,000 targets, with more than 2,000 munitions. We have severely degraded Iran’s air defences and destroyed hundreds of Iran’s ballistic missiles, launchers and drones,” Cooper said in a prerecorded message shared online Wednesday.

Five days into a war that US President Donald Trump suggested could last a month or longer, more than 1,000 people have been killed in Iran, including some Trump said he had considered as possible future leaders of the country.

Both sides are unrelenting in attacks

Air sirens sounded in the morning across the island kingdom of Bahrain, home to the US Navy’s 5th Fleet, and Qatar’s Ministry of Defence said Iran launched two ballistic missiles against it. One hit Al-Udeid Qatari Base, but didn’t cause casualties.

Lebanon was hit in multiple strikes, and Israel said it was retaliating against Hezbollah militants after the Iran-backed group fired on Israel. More than 50 people have been killed in Lebanon and more than 300 wounded, according to the Health Ministry.

Iranian-linked militant groups in Iraq have also been launching attacks.

Israeli military spokesman Brig. Gen Effie Defrin reported a decline in launches from Iran as the country’s military capabilities are degraded. In airstrikes overnight, the Israeli military said it hit a missile storage and production plant in Isfahan.

The spiralling nature of the war raised questions about when and how it would end. Trump’s administration has offered various objectives, including destroying Iran’s missile capabilities, wiping out its navy, preventing it from obtaining a nuclear weapon and ensuring it cannot continue to support allied armed groups.

Israel presses attacks on Iranian forces and leadership

While the initial US-Israeli strikes killed Khamenei and Trump urged Iranians to overthrow their government, senior administration officials have since said regime change was not the goal.

Trump on Tuesday seemed to downplay the chances of the war ending Iran’s theocratic rule, saying that “someone from within” the Iranian regime might be the best choice to take power once the US-Israel campaign is finished.

Israel’s defence minister, Israel Katz, said on Wednesday on X that whoever Iran picks as the country’s next supreme leader, he will be “a target for elimination.”

The Israeli military also said it hit buildings in Tehran associated with the Basij, the all-volunteer force of Iran’s paramilitary Revolutionary Guard that conducted the bloody crackdown on protesters in January that killed thousands and saw tens of thousands detained in the country.

Iran’s judiciary chief, Gholam Hosseini Mohseni Ejehei, threatened on Wednesday anyone who supports the US-Israeli campaign, saying on Iranian state television that they are “on the enemy’s side and must be dealt with on revolutionary, Islamic principles and in accordance with the time of war.”

Iran’s leaders are scrambling to replace Khamenei, who ruled the country for 37 years. It’s only the second time since the 1979 Islamic Revolution that a new supreme leader is being chosen. Among those considered as possible candidates is Mojtaba Khamenei, a son of the late ayatollah.

Defrin, the Israeli military spokesman, said the military struck a building in the Iranian city of Qom on Tuesday where clerics were expected to meet to discuss selecting a new supreme leader. He said the army was still assessing whether anyone was hit.

The semiofficial Fars and Tasnim news agencies, both believed to be close to the Guard, said Wednesday there was no meeting there at the time of the attack.

Hundreds have died, including children

The US-Israeli strikes have killed at least 1,045 people, Iran’s Foundation of Martyrs and Veterans Affairs said Wednesday, saying it represented the number of bodies so far identified and prepared for burial.

Eleven people in Israel have been killed since the conflict began.

Kuwait, which had previously reported a single death, said Wednesday that an 11-year-old girl was killed by falling shrapnel as Kuwaiti forces were intercepting “hostile aerial targets.” In addition, three people were killed in the United Arab Emirates and one in Bahrain.

Six US Army Reserve soldiers were killed Sunday in Kuwait.

Greater Kashmir

Police seize 7 vehicles involved in illegal mining in Ganderbal & Shopian

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Police seize 7 vehicles involved in illegal mining in Ganderbal & Shopian

Srinagar, Mar 04: Jammu and Kashmir Police on Wednesday seized seven vehicles including 02 tippers and 05 tractors involved in unauthorized extraction and transportation of minerals in Ganderbal and Shopian districts of Kashmir division.

In Ganderbal district, officials said the seized vehicles were found transporting illegally extracted material from Nallah Sindh within the jurisdiction of PS Safapora and PS Kangan, without the mandatory permissions

They said that acting swiftly and in close coordination with the Geology & Mining Department, teams from the concerned police stations intercepted and seized these vehicles on the spot, tightening the clampdown on illegal mineral transportation in the area. Illegal extraction not only causes loss to the public exchequer but also poses a serious threat to the ecological balance of the region, officials said.

Police also seized four tractors involved in the unauthorized extraction and transportation of minerals in Berthipora and Takwan areas of the district Shopian.

During routine patrolling, a police party from Police Post Berthipora intercepted two tractors engaged in illegal mining activities without mandatory permissions. In this regard FIR No. 09/2026 under relevant provisions of law has been registered at Police Station Keller and further investigation has been initiated.

In a similar action, police from Police Station Keller seized two tractors involved in illegal transportation of minerals. Accordingly, case FIR No 10/2026 under relevant provisions of law has been registered at Police Station Keller and further investigation has been taken up, officials said.

J&K Police reiterated its firm commitment to safeguarding the district’s natural resources and ensuring strict legal action against individuals involved in illegal mining activities. They urged general public to cooperate with the police by reporting any such unlawful practices, and maintained that the identity of informants will be kept strictly confidential and stringent action will be taken against violators.

Greater Kashmir

GOC Rising Star Corps reviews operational preparedness of troops in Mamun sector

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GOC Rising Star Corps reviews operational preparedness of troops in Mamun sector

Jammu, Mar 04: The General Officer Commanding (GOC), Rising Star Corps, Lieutenant General Rajan Sharawat on Wednesday reviewed operational preparedness of the troops in the Mamun sector.

The Mamun sector, whose headquarters is located at Pathankot, looks after the operational areas of the twin border districts of Samba and Kathua in Jammu and Kashmir.

“The GOC of Rising Star Corps reviewed operational preparedness of troops in Mamun sector,” PRO, Defence, Jammu said on X.

The GOC commended the troops for their professionalism, high morale, and unwavering commitment to the nation.

Greater Kashmir

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