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| | Indian International Travel Mart concludes: J&K adjudged ‘Best Adventure Destination’ | | | | BANGALORE, July 23: J&K was adjudged yet another time as the Best Adventure Tourism Destination in one of the India’s largest travel shows - Indian International Travel Mart (IITM) which concluded on Sunday in Bangalore.
Director Tourism Kashmir Mahmood A Shah, received the award at the hands of Minister of Tourism Development and Christian Religious Affairs Tourism Minister of the Sri Lanka John AE Amaratunga.
Joint Director Tourism Jammu Vishesh Paul Mahajan, GM Jammu and Kashmir Tourism Development Corporation Sajid Naqash were also present on the occasion.
IITM-Bangalore is a 3 day event being held every year from 21st July to the 23rd July 2017.
Twelve countries and 24 states participated in the event this year which showcased their tourism products. Besides tourism boards, trav... |  | |
| | | Reliance's Mukesh Ambani announces Jio Smartphone for 'zero' rupees | | | | MUMBAI, July 21 (Agencies): RIL supreme Mukesh Ambani today announced the launch of JioPhone, an "intelligent" phone, offering life-long free voice calls bundled with 4G data streaming at an "effective price of zero".
Ambani, who had taken the telecom sector by surprise with free voice calls and data last year, announced the next leap at the company's 40th shareholder meeting today.
The phone, targeted at 50 crore feature phone users in the country, will be available for pre-booking from August 24 on payment of a refundable security deposit of Rs 1,500.
This deposit will be refunded after 36 months on return of the phone, he said, adding that the price of the phone will be "effective zero".
He used the occasion to introduce his twin children, Akash and Isha, who presented the phone fe... | | |
| | | Under GST no tax is levied on any pilgrimage: Govt | | ‘5pc tax levied on airfare and any private tour package’ | | | SRINAGAR, Jul 20: The government Thursday said that no pilgrimage has been taxed under the new Goods and Services Tax (GST) but the tax will be levied on airfares.
A senior official in the government’s finance department said that under the GST 5 % tax is being levied on airfares.
“This is not tax on Hajj, Umrah or any other pilgrimage, but it is a general tax on airfare as per the GST,” the official told.
“All airfares will be taxed by 5 % except the Business class tickets,” he said.
An official in the Commercial Tax department told that under GST no tax has been specifically imposed on any pilgrimage but on the packages of private tour operators.
“The 5 % tax is levied on private tour operators whether they take the tour is for pilgrimage or holidaying,” he said.
Under GST, specif... | | |
| | | Govt serious in recovery of JK Banks loans, NPA | | ‘As of March 2016, its gross NPAs soared to Rs 4,368.62 crore’ | | | SRINAGAR, July 20: As the Jammu and Kashmir Bank is grappling with the recovery of crores of loans from defaulters and Non Performing Assets, the government said that it is making serious efforts to recover loans from the defaulters.
The JK Bank has bad loans and NPAs in crores which has impacted its financial working. To recover these loans, the Bank formed a team. However, sources said that the Bank’s team has not made any significant headway to recover these loans.
Sources said that if the back does not recover the loans, then the bank will sink in financial crisis and RBI might completely take it over.
Finance Minister Dr Haseeb Drabu told KNS that efforts are on to recover the loans. He said adding that the Bank is facing financial problems because of the bad loans and NPAs.
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