Pitches global connectivity partnershipEvian (France): Prime Minister Narendra Modi has welcomed the progress made in peace efforts in West Asia during his address at...

Unveils Rs 100 crore development package for BandiporaBANDIPORA, JUNE 17: Chief Minister Omar Abdullah Wednesday gave Bandipora district a massive developmental boost by inaugurating and laying the foundation stones for 18 major projects worth approximately ₹100 crore.These multi sectoral projects span higher education, roads, bridges, clean drinking water, urban development, and agriculture infrastructure, aiming to directly address the key needs of the local population.Major initiatives include the construction of the Government Degree College at Ajas (₹14 crore), a footbridge over the River Jhelum at Tundipora-Hakbara (₹10.62 crore), a female student hostel at Government Degree College Bandipora (₹10 crore), and a school building at Kaloosa (₹3.71 crore). Other works include the Markundal-Hajin road upgrade (₹7.13 crore), a water...

New Delhi: The Reserve Bank of India (RBI) on Wednesday issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of M/s. Apollo Hospitals Enterprises Limited and its five concerned directors and officers, including Preetha Reddy, Suneetha Reddy, S.K. Venkatraman, Akhileswaran Krishnan and S.M. Krishnan, which has resulted in termination of adjudication proceedings against the company for contraventions of provisions under FEMA with a one-time payment of Rs 17.77 crore. In addition, each of the directors and officers of the company have to pay Rs 18 lakh. The order has been passed by the RBI after the Enforcement Directorate (ED) issued a "no objection" in the case. The...