Calls for industry-ready skills, training Unveils Rs 4.20-cr polytechnic upgrades SRINAGAR, SEPTEMBER 03: Chief Minister Omar Abdullah Thursday laid the foundation stone for developmental works at...

Meets individuals, deputations at Civil Secretariat SRINAGAR, SEPTEMBER 03: Chief Minister Omar Abdullah Thursday met several individuals and delegations at the Civil Secretariat here and discussed matters concerning governance, financial oversight and energy infrastructure in Jammu and Kashmir. The Chief Minister met Sunilraj Somarajan, who recently assumed charge as Principal Accountant General (Audit), Jammu & Kashmir. Discussions focused on institutional audit practices, financial oversight and measures to further strengthen transparency and accountability in governance. The Chief Minister also received a delegation led by Dr. Anil Kumar Jain, Chairperson, Petroleum and Natural Gas Regulatory Board (PNGRB). The delegation included PNGRB Secretary A.K. Mishra, Director (Monitoring) Lt. Col. Abhishek Kumar and senior representatives of Bharat Petroleum Corporation Limited (BPCL). The meeting discussed measures...

Mumbai: Reserve Bank of India (RBI) Deputy Governor Shirish Chandra Murmu on Thursday urged non-banking financial companies (NBFCs) and housing finance companies (HFCs) to diversify their funding sources and reduce their exposure to sudden shifts in market sentiment as the sector enters a new phase of growth. Addressing the CII’s NBFC and HFC Summit in Mumbai, Murmu said greater diversification of funding would strengthen the sector’s resilience, while a deeper and more liquid corporate bond market could provide NBFCs with additional avenues to raise funds. “Entities must diversify their funding sources. A deep, liquid corporate bond market will help, and we will keep working with market participants to build one,” he said. The RBI Deputy...