The Reserve Bank has accorded approval to Jammu & Kashmir government to acquire over 16.76 crore shares in J&K Bank on preferential basis. "The RBI vide its letter dated September 2, 2021 has accorded approval to Government of Jammu & Kashmir to acquire 16,76,72,702 fully paid-up equity shares on preferential basis, i.e., up to 74.24 per cent of the post issue paid-up voting equity capital of the bank subject to compliance of regulatory requirements," J&K Bank said in a regulatory filing. In August, the lender had said that Sebi had exempted the Jammu & Kashmir government from complying with its norms on substantial acquisition of shares and takeovers in the proposed acquisition of 16,76,72,702 equity shares (6.06 per cent) of the bank during 2021-22. Earlier on April 1, the bank had said the Jammu & Kashmir government, as its promoter shareholder, has committed to infuse capital of up to Rs 500 crore in the bank. In a separate filing, the lender said it has ...
Defence Minister Rajnath Singh on Thursday said that other than Jammu and Kahmir, there has been no major terror strike in India after Prime Minister Narendra Modi assumed office in 2014
Pro-Pakistan separatist Syed Ali Shah Geelani was buried in a quiet funeral organised by authorities, amid tight security and restrictions with mobile connectivity by and large snapped in Kashmir
Jammu and Kashmir Lieutenant Governor Manoj Sinha launched Rural Enterprises Acceleration Programme titled 'Saath' for Self Help Group women on Wednesday
A day after India officially talked to the Taliban, former J&K CM Omar Abdullah on Wednesday asked the Union government to clarify whether or not it considered the outfit a terror organisation
The central sector scheme for industrial development of Jammu and Kashmir will help in making the union territory self-reliant and push growth, union Minister Piyush Goyal said
Union Home Minister Amit Shah said on Tuesday that Rs 50,000 crore is expected to be invested in Jammu and Kashmir after the unveiling of a new central scheme for industries
The security situation in Jammu and Kashmir has improved as compared to previous years, Lieutenant Governor Manoj Sinha said on Tuesday
Janata Dal (United) National President Lalan Singh on Tuesday demanded restoration of statehood to Jammu and Kashmir before holding of Assembly elections in the Union Territory. Singh received a warm welcome from his party cadre led by J&K JD(U) president G M Shaheen at Jammu Airport as he arrived from Srinagar on the second-leg of his four-day tour of Jammu and Kashmir. The case related to abrogation of Article 370 (in August 2019) is before the Supreme Court and until the matter is resolved by the judiciary, the government should restore statehood to J&K before holding Assembly elections, Singh told a meeting at the party headquarters here. He said his party had opposed the abrogation of Article 370 in Parliament when the bill was tabled but could not save it because we were short of the majority. Singh, a Member of Parliament, reached Srinagar on August 21 and held a series of meetings with party workers, a JD(U) release said. He asked the party workers to make preparations
The People's Alliance for Gupkar Declaration began a meeting to discuss the situation in the Union Territory and have consultations on the way forward for restoration of the special status of J&K
Three Jaish-e-Mohammad (JeM) terrorists were gunned down in an encounter with security forces in Jammu and Kashmir's Pulwama district
Jammu and Kashmir BJP president Ravinder Raina on Saturday lashed out at PDP president Mehbooba Mufti
Scores of farmers on Friday launched an indefinite agitation in Jalandhar and blocked train movement on the Ludhiana-Amritsar and the Ludhiana-Jammu railway routes
Inspector General of Police (IGP), Kashmir, Vijay Kumar on Saturday said security forces were alert and would handle all challenges, including that of the Taliban, in the Valley. He sought the cooperation of the people in maintaining peace in Jammu and Kashmir Speaking as a police officer whichever terrorist comes here, it is my job to generate input and neutralise him, as well as the threat, in an operation with the Army, Kumar told reporters at the headquarters of the Army's Victor Force in Awantipora area of Pulwama district. We will handle all the challenges in a professional manner and we are totally alert, he said when asked about the threat of the Taliban in Kashmir. The IGP urged people to share information about militants, suicide bombers, or someone planning to set up IEDs, saying the society is harmed by such elements. If there is a major incident, the locals will be the first to suffer, tourists will fear coming here, so whose economy will it impact? It is the local ..
Gen Roychowdhury, who commanded the 16 corps in Kashmir at the height of the militancy in the early 1990s, said Pakistan "will make a fresh bid on Kashmir"
For the first time in three years, Internet and mobile services remained unaffected in J&K on Independence Day which is being celebrated in the Valley in a relaxed atmosphere, officials said
Prime Minister Narendra Modi said on Sunday that preparations are underway for holding assembly elections in the future in Jammu and Kashmir, where development is now visible on the ground. "Giving fair opportunities to the potential of all, this is the real spirit of democracy. Be it Jammu or Kashmir, where the balance of development is now visible on the ground. "The Delimitation Commission has been constituted in Jammu and Kashmir and preparations are on for holding assembly elections in the future," the prime minister said while addressing the nation from the ramparts of Red Fort on the occasion of 75th Independence Day. He also referred to the abrogation of Article 370 and said holding the first-ever District Development Council polls in J-K reflects the country's determination. Talking about Ladakh, which was carved as a Union Territory after the bifurcation of Jammu and Kashmir, he said it is also progressing towards its limitless possibilities of development. "On the one h
Manoj Sinha said the government is bringing reforms for the transformation of the education ecosystem by bridging the gaps and opening up new opportunities for the younger generation
Recoveries outnumbered new cases in Jammu and Kashmir on Saturday where 156 patients recovered while 135 new cases of Covid infections came to light during the last 24 hours.
Ahead of Independence Day, a major tragedy was averted when security forces seized improvised explosive device-fitted four sticky bombs from a man in Jammu and Kashmir's Poonch district on Friday