Observer News Service - December 2, 2015
Srinagar: National Conference on Wednesday said the Tourism Ministry in J&K was functioning in an ad-hoc manner with the Chief Minister having absolved himself of the Ministerial duties towards this crucial sector of vital economic significance to the State. NC Provincial President Nasir Aslam Wani, while lashing out at the J&K Government for violating codal […]
Observer News Service - December 2, 2015
NEW YORK: Mark Zuckerberg and his wife Priscilla Chan on Tuesday announced the birth of their first child, a girl, with a pledge committing 99% of their shares in Facebook to charity. We will give 99% of our Facebook shares — currently about $45 billion — during our lives, Zuckerberg said in a note to […]
Observer News Service - December 2, 2015
India’s Pension Fund Regulatory and Development Authority (PFRDA) has introduced new functions for the Central Recordkeeping Agency for the National Pension System (NPS) for subscribers, an official statement here said on Tuesday. NPS subscribers will now be able to transfer funds from their investment (Tier II) to pension (Tier I) accounts and points of presence […]
Observer News Service - December 2, 2015
MOSCOW: Russia approved a resolution listing detailed sanctions against Turkey in response to downing of a warplane near the Syrian-Turkish border. The resolution signed by Prime Minister Dmitry Medvedev, bans from January 1 imports of foodstuffs as well as cloves and table salt, Xinhua reported. It suspends activities of the Russian-Turkish trade and investment negotiations. […]
Observer News Service - December 1, 2015
NEW DELHI: German auto major Volkswagen will recall 3.23 lakh vehicles in India after a government-ordered probe found the company using diesel engines equipped with a defeat device which help cheat emission tests, as it had done in the US and other global markets. “The company will voluntarily recall 3.23 lakh vehicles which have been […]
Observer News Service - December 1, 2015
JAMMU: The Deputy Chief Minister, Dr Nirmal Singh today said the Government is working towards providing a hassle-free investment environment for industrialists and aspiring entrepreneurs in the State. He said this will go a long way in accelerating the industrial growth in the State and generate much needed job avenues for the local youth. The […]
Observer News Service - December 1, 2015
Srinagar: Internet and mobile banking as well as mobile payments of Punjab National Bank are out of order from past two days in Kashmir Valley as a result thousands of customers are unable to deposit or withdraw cash from the multiple branches of the bank. Customers from Punjab National Bank told CNS that they were […]
Observer News Service - December 1, 2015
New Delhi: Aimed at cutting the huge crude oil import bill, the government is mulling converting diesel guzzling state-run buses across the country into battery-operated vehicles, union Road Transport Minister Nitin Gadkari said here on Tuesday. Addressing the 115th Annual General Meeting of the Bharat Chamber of Commerce here, he also said the central government […]
Observer News Service - December 1, 2015
BEIJING: The International Monetary Fund has admitted Chinas yuan into its elite reserve currency basket, formally recognising Beijing as a global economic power. The yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the basket of currencies the IMF uses as an international reserve […]
Observer News Service - December 1, 2015
JAMMU: Minister for Transport, Abdul Gani Kohli laid foundation of State Motor Garages Complex at Mari, Reasi. The integrated complex, coming up on 5 kanals of land, will have dedicated office space, workshop and residential accommodation. Speaking on the occasion, the Minister said that government has initiated several innovative measures to revamp the overall functioning […]