FINANCIAL DISCIPLINE J&K
CAG flags delay in finalisation of accounts of various PSUs, autonomous bodies in J&K
The CAG has flagged a massive backlog in the finalization of accounts for Jammu and Kashmir's PSUs and autonomous bodies, with many remaining in arrears for up to 14 years. This persistent delay undermines transparency and legislative oversight, prompting the CAG to urge strict adherence to submission timelines for improved financial discipline.
F&O Talk | Long-short ratio weakens as Nifty slips below key moving averages: Sudeep Shah on Tejas, UPL and 4 top weekly movers
Indian markets fell sharply with Nifty and Sensex down on broad-based selling. IT and auto sectors led declines, while PSU banks outperformed. Volatility and AI concerns weigh on sentiment, with March outlook cautious amid technical weakness.
45 stocks turned multibaggers since last Budget; where could FM Sitharaman create the next winners?
The previous Budget reinforced the government's commitment to capital expenditure, especially in infrastructure, defence and manufacturing. As the market heads into another Budget, expectations are more tempered. Brokerages broadly agree that the scope for a large fiscal stimulus is limited, but targeted measures could still shape sectoral performance.
Time to look at them without bias? 6 cement sector stocks with an upside potential of up to 44%
There was a time not so long ago when, come monsoon, cement stocks used to witness pressure. Why? Because, the monsoon traditionally meant the sector had to hit the pause button. What was different and noticeable last year was that, despite an extended monsoon in many parts of the county, cement stocks did not come under pressure. In fact, for the second year in a row, cement companies were able to increase prices around the same time.
J&K Bank stays on track; Q3 net profit rises 10.4% YoY despite Pahalgam attack and floods: MD & CEO Amitava Chatterjee
Jammu and Kashmir Bank is on track for a fourth consecutive year of record profits, despite facing challenges like the Pahalgam attack and floods. The bank reported a 10.4% year-on-year rise in net profit to Rs 586.73 crore for the third quarter, driven by robust growth in advances and deposits, and improved asset quality.
Stocks in news: Hero MotoCorp, LG India, Nippon Life India AMC, J&K Bank
Indian markets saw volatile trading and ended flat on weekly expiry day. Analysts suggest consolidation may follow the recent rally. Key sectors like banking and IT remain strong. Investors are advised to focus on specific stocks in banking, auto, and metals. Several companies like Hero MotoCorp, Tata Motors, and Eicher Motors reported their second-quarter results.
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J&K Bank Q2 Results: Net profit falls 11% to Rs 494.11 crore
Jammu and Kashmir Bank on Saturday said its net profit fell 11 per cent to Rs 494.11 crore in July-September quarter of the current financial year, while earnings for the first half increased slightly to Rs 978.95 crore.
Jammu & Kashmir Budget 2025 Highlights: Agriculture, tourism find special focus in Omar Abdullah's plans; check key announcements
Jammu and Kashmir Chief Minister Omar Abdullah presented the state's budget, emphasizing the region's journey towards lasting peace and economic development. Key proposals include a focus on youth and women empowerment, tourism, agriculture, healthcare, and local industries. Significant allocations were made for job creation, infrastructure development, and healthcare improvements, reflecting the government's commitment to sustainable growth and regional stability.
JM Financial bets on UltraTech, Ambuja & JK Cement amid cement sector revival
UltraTech Cement, Ambuja Cements, and JK Cement have received 'buy' ratings from JM Financial due to promising growth prospects amid sector recovery driven by infrastructure and housing initiatives. UltraTech is highlighted for its robust strategy, while Ambuja and JK Cement show significant upside potential. The industry's consolidation and cost optimization are set to enhance profitability over the coming years.
Why 16th Finance Commission must think innovatively about fund allocation
The 16th FC faces a formidable challenge. Is 41% the appropriate allocation, or does it warrant an increase or decrease? Shouldn't all central cesses be abolished if it is to be reduced, as a quid pro quo for states' acceptance?
Agniveers will be skilled citizens, says Northern Army Commander
The army commander said that on completion of the four-year period, Agniveers will go to society as a disciplined, dynamic, motivated and skilled workforce for employment in other sectors including corporate and industry, central para military forces and public sector units to pursue their career in jobs of their choice.
Congress reiterates demand for restoration of statehood to J&K
The party also rejected the delimitation commission report and said the report in the present form amounts to strategically rigging the next assembly elections. The issues were raised as the party passed a number of resolutions during the marathon meeting at Patnitop in Udhampur district.
Monumental jump in projects completed in 2021-22 over previous year in J&K, say officials
The officials said the uptick in work execution achieved in 2021-22 is nothing less than spectacular if one considers that all these projects have been executed following a process of competitive bidding.
J&K admin announces austerity measures to promote fiscal discipline
Financial Commissioner (additional chief secretary) in the Finance Department Atal Dulloo issued the guidelines in a three-page order addressed to government departments and autonomous bodies funded by the government and asked the administrative secretaries to ensure compliance with the measures.
J&K govt accountable for every rupee spent on ground after revoking Article 370: FM Sitharaman
She further said the entire administration in the Union Territory is now visible to every person of Jammu and Kashmir to see what is going on here. "For that (bringing discipline, fiscal management and financial health of J&K), I would honestly thank the abrogation of Article 370. I
Ladakh notifies RERA, paves way for real estate development
“Extremely happy to share that Ladakh becomes the 34th State/UT, which has notified Rules under RERA. It was done on 8 October 2020. It paves the way for implementation of this transformative legislation in the Union Territory, opening new vistas of real estate development journey,” tweeted Durga Shanker Mishra, secretary, Ministry of Housing and Urban Affairs (MoHUA).
One year of revocation of Article 370 in J&K: 300 of 444 Netas released; 164 state laws repealed
Close on the heels of the release of political prisoners, the Centre amended provisions of J&K State Legislature Members' Pension Act, 1984, enhanced pension for MLAs to Rs 75,000 though entitlement of rent-free accommodation, expenditure for home furnishing, free telephone calls, free electricity, driver and personal assistant for ex-CMs were withdrawn.
Jammu & Kashmir notifies RERA
Experts are not sure how the markets in the two new UTs will respond. As on July 2020, 53364 real estate projects have been registered under RERA across the country. The number was 43,208 projects by the end of July 2019.
A sign of thaw? Here's how things could play out after India's invite to Imran Khan
Pak will have a chance later this year to make a fresh move. That cannot entail walking the same old road.
Why analysts are betting on these cement stocks in mid-cycle downturn
The industry has maintained good discipline in terms of capacity addition in the past five years—contrary to the furious capacity expansion in the preceding 5-10 years that drove down utilisation levels and cement prices.
Centre to soon notify RERA in J&K, Ladakh
The Real estate act or RERA makes it mandatory for each state and union territory to set up its own real estate regulator and frame rules to govern the functioning of the regulator. This is aimed bringing in transparency and accountability in the real estate sector.
Manifesto versus manifesto: What BJP and Congress say on major issues
Here are some of the prominent promises made by each party on major issues.
Accidents, suicides, ailments kill 1,600 soldiers every year
The highest toll, of course, is found in the 11.73-lakh strong Army, which dwarfs the IAF and Navy in terms of sheer manpower.
Sector watch: Cement outlook improves, prices rise in north
Cement prices have risen sharply in north India since August after a dismal first quarter. Prices have increased 2-3 times in a month.
Govt will consider joint panel’s views on land bill: Union minister Sadananda Gowda
DV Sadananda Gowda outlines reasons the govt remains optimistic about the land bill and may not need a joint sitting of Parliament to clear the bill.
Sensex rallies, Nifty reclaims 7700 levels
The S&P BSE Sensex rallied as much as 355 points in intraday trade on Tuesday led by gains in auto, capital goods and oil & gas sectors.
Finance department has fully complied with FRBM Act: J&K govt
The spokesman said this while reacting to some media reports on the points raised in the 2012-13 CAG Report.
PDP flays Farooq Abdullah for defending BCCI chief
Opposition PDP in Jammu and Kashmir today flayed Union Minister Farooq Abdullah for defending BCCI chief N Srinivasan.
Armed forces: Suicides, fragging claim more jawans than terrorists’ bullets
While 102 soldiers took the extreme step of ending their lives last year, 26 have died this year so far.
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