JK

FICCI AIMS AT CREATING BUSINESS OPPORTUNITIES IN J&K

ANM News Desk: The Federation of Indian Chambers of Commerce and Industry (FICCI), one of the leading industry bodies in the country, has said that it will create a mechanism for businesses from across the country to look at Jammu & Kashmir (J&K) as well as Ladakh as attractive investment destinations.

WHATSAPP

WHATSAPP TO ROLL OUT PAYMENT SERVICES IN INDIA LATER THIS YEAR

ANM News Desk: WhatsApp global head Will Cathcart confirmed that the popular messaging platform would launch a payments service in India later this year. WhatsApp began testing of its payment system last year with one million users in the country. The messaging platform currently has over 400 million users in the country.

MICROSOFT

MICROSOFT TO PAY $25 MILLION TO SETTLE CORRUPTION CHARGES

ANM News Desk: Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in Hungary and other foreign offices.

The U.S. Securities and Exchange Commission said Microsoft will pay about $16.6 million to settle charges that it violated the Foreign Corrupt Practices Act.

NIRMALA

UNION BUDGET 2019: FINANCE MINISTER ASSURES ELECTRICITY FOR ALL BY 2022, FOCUSES ON WELL BEING OF FARMERS

ANM News Desk: Appreciating farmers’ efforts in production of pulses, Finance Minister Nirmala Sitharaman stated that the government hopes they will exhibit similar performance in oilseeds as well. The government will work to ensure farmers enjoy the benefits of e-nam  Ease of business and living should apply to farmers too, she says.

NIRMALA

ECONOMY WILL GROW TO BECOME USD 3 TRILLION IN THE CURRENT YEAR: NIRMALA SITHARAMAN

ANM News Desk: Finance Minister Nirmala Sitharaman while addressing the Parliament stated that the Indian economy will grow to become a USD 3 trillion economy in the current year itself. It is now the sixth largest in the world. 5 years ago it was at the 11th position.

Sitharaman said that comprehensive restructuring of National Highways Programme will be done, to ensure the creation of National Highways Grid of desirable capacity.

She also added that the Government envisions using rivers for cargo transport which will also decongest roads and railways.

TRUMP

TRUMP EAGER TO HOLD DISCUSSIONS WITH PM MODI AMID STRAINING TRADE TIES

ANM News Desk: United States President Donald Trump on Thursday reached out to Prime Minister Narendra Modi to withdraw recently imposed tariffs, stating ‘this is unacceptable’.

“I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!,” Trump tweeted.

The PM Modi-Donald Trump meeting assumes significance in the wake of the strain that has emerged in the bilateral ties on trade and economic issues.

POMPEO

MIKE POMPEO TO ARRIVE IN INDIA AMID TRADE ISSUES

ANM News Desk: US Secretary of State, Mike Pompeo will arrive in India on Tuesday for talks with government leaders over a growing list of trade and investment issues that have cast a shadow over ties between the two countries.

. Pompeo, who will meet his new counterpart S Jaishankar on Wednesday, is expected to lay the ground for a meeting between US President Donald Trump and Prime Minister Narendra Modi later in the week at a G20 meeting in Japan.

SCOOTER

NITI AAYOG ASKS MANUFACTURERS TO SWITCH TO ELECTRIC VEHICLES

ANM News Desk: India’s central think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government’s proposals saying they would disrupt the sector.

NITI Aayog which is chaired by Prime Minister Narendra Modi and plays a key role in policy-making, had recommended that only electric models of scooters and motorbikes with engine capacity of more than 150cc must be sold from 2025.

FB

FACEBOOK TO NOT LAUNCH ITS CRYPTOCURRENCY IN INDIA

ANM News Desk: Facebook’s cryptocurrency Libra will not be launched in India.The social media giant is expected to launch the digital coin in 2020.

JK BANK

SHARES OF PROMINENT BANK OF VALLEY FELL 10%

Yawar Shafi, Srinagar: Jammu & Kashmir Bank shares fell 10 percent intraday on June 19 after a media report indicated that former chairman residence has been raided by Anti-corruption Bureau (ACB) on Wednesday.

According to a report published, the stock touched a day’s low of Rs 33.50, the lowest price since May 2009. At 1238 hours IST, it was quoting at Rs 34.40, down Rs 2.80, or 7.53 percent on the BSE.