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    J&K Bank Contributes 77% Of Total Agricultural Lending In J&K: MD & CEO

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    Attends India International Agro Trade & Technology FairSRINAGAR- For agricultural sector, improved credit outreach is one of the biggest enablers for achieving higher productivity...
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    GST Evasion Of Rs 55,575 Crore Detected In Last 2 Years, 719 Persons Arrested

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    NEW DELHI- GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing...
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    J&K Can Become The Hub Of Agri-Tech Startups & Benefit From Its Immense Biodiversity:...

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    Inaugurates three-day Kashmir Expo Start-up for Livelihood eventSRINAGAR- Union Minister of State (Independent Charge) Ministry of Science and Technology Dr. Jitendra Singh Wednesday said...
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    SKUAST-K Launches 66 Skill Courses For Entrepreneurship In Agriculture, Allied Sectors 

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    Srinagar-  Sher-e-Kashmir University of Agricultural Sciences and Technology of Kashmir Wednesday launched a series of skill training programmes for entrepreneurship development in various emerging vocations...
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    Insurance Contracts Have Very Little Option For Consumers: Supreme Court

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    New Delhi- Insurance contracts prepared by an insurer have very little option or choice for a consumer, except to sign on the dotted lines, the...
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    Kashmir Expo Start-Up For Livelihood To Boost Self-Start Culture

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    By Syed Mohammad Burhan | Kashmir Observer Srinagar- The three-day 'Kashmir Expo Start-ups for Livelihood' event which is set to begin on Wednesday is expected...
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    Efforts To Bring Down NPAs Bearing Fruits, Profits Of PSBs Soar To Rs 25,685...

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    New Delhi- Finance Minister Nirmala Sitharaman on Monday said the government's efforts to reduce bad loans are yielding result with 12 public sector banks...
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    New Delhi, Jan 3 (PTI) India's manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 56 in November to an 18-month low of 54.9 in December. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. The HSBC India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers. "India's manufacturing sector continued to expand in December, although at a softer pace, following an uptick in the previous month. Growth of both output and new orders softened, but on the other hand, the future output index rose since November," said Pranjul Bhandari, Chief India Economist at HSBC. Despite a loss of growth momentum, the sector still expanded strongly in December. New business gains, favourable market conditions, fairs and expositions collectively induced another sharp increase in manufacturing production during December, according to panellists. The December data showed a 21st consecutive increase in international order receipts at goods producers in India. "Companies noted gains from clients in Asia, Europe, the Middle East and North America. New export sales expanded at a moderate pace that was the joint-slowest in eight months," the survey noted. On the prices front, input costs rose at the second-slowest rate in nearly three-and-a-half years and charge inflation softened to a nine-month low. Among the items reported to have been up in price were chemicals, paper and textiles. Little-changed from November, however, the rate of inflation was negligible by historical standards and was the second-weakest in just under three-and-a-half years, as per the survey. "Rates of increase in input and output prices were broadly unchanged," Bhandari added. HSBC India PMI data showed a general lack of pressure on the capacity of manufacturers at the end of the third fiscal quarter. Subsequently, employment was largely stable in December. When assessing the year-ahead outlook for production, Indian manufacturers were at their most upbeat for three months. Anecdotal evidence highlighted advertising, better customer relations and new enquiries as the main factors boosting business confidence in December, the survey said.

    India’s Manufacturing Sector To Sustain Growth Momentum For Next 6-9 Months: Survey

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    New Delhi- The growth momentum which has been witnessed by India's manufacturing sector for the past few months is likely to stay for the...
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    India Set To Witness Multi-Billion-Dollar 5G Infra Roll-Out

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    New Delhi- India is set to witness the world's largest roll-out of 5G infrastructure with multi-billion-dollar being spent by the country's leading telcos over...
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    LG Discusses Roadmap For Holistic Development Of J&K’s Agriculture Sector

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    Srinagar- Lieutenant Governor Manoj Sinha on Saturday chaired a high- level meeting of the advisory board for development of farmers and the officials of...
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