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NEW DELHI, Oct 3: The Government think tank Niti Aayog on Friday suggested the introduction of a presumptive taxation scheme for foreign companies to provide certainty and simplicity. The Aayog, in a working paper, said the optional presumptive taxation scheme would help resolve disputes concerning PE (permanent establishment), simplifying compliance and protecting revenue. "The proposed presumptive taxation scheme is a proactive and pragmatic solution to a long-standing problem. "It balances ...Read More >
Srinagar, Oct 2: The Indian Metereological Department Srinagar office has has issued a weather advisory, warning of a significant Western Disturbance expected to affect Jammu & Kashmir and adjoining areas from October 4, 2025. According to the advisory issued by MET office Srinagar, communicated to Divisional Commissioner Kashmir, Jammu, widespread light to moderate rain and snowfall over higher reaches is likely from October 5 to 7, with peak activity between the night of October 5 and the mor ...Read More >
NEW DELHI, Sept 30: India's pharma exports, currently valued at nearly $27.8 billion, are expected to cross $30 billion by this year end , Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh said here today. Meanwhile, the Minister disclosed that India's domestic pharma market is $60 billion, but is expected to double ...Read More >
RAMBAN, Sept 30: A doctor posted at Sub-District Hospital (SDH) Banihal was booked and arrested by the police today for allegedly molesting a pregnant woman. He has also been suspended from service for his misconduct. The accused, Dr Girdhari Lal Manhas, Consultant Gynaecologist at SDH Banihal, has been booked by Banihal Police under FIR Number 105/2025, registered under Section 74 of the Bharatiya Nyaya Sanhita (BNS). Following registration of the case, the police placed him under arrest. The ...Read More >
Srinagar, Sept 30: "Those who speak the language of separatists and terrorists insult the sacrifices of our martyrs and hurt their soul and strictest possible action as per law of the land will be taken against such elements," Lieutenant Governor Manoj Sinha said today. He said the land of UT of Jammu Kashmir is saturated with blood and sacrifice of J&K Police, Army, CAPF martyrs for the nation's integrity and if anyone disrespects the sovereignty of India and the memories of police martyrs, he ...Read More >
Suhail Bhat Srinagar, Sept 30: Chief Minister Omar Abdullah today said he would rather resign than join hands with the Bharatiya Janata Party (BJP) to expedite the restoration of Statehood to Jammu and Kashmir. CLICK HERE TO WATCH VIDEO Speaking at an event in Achabal in South Kashmir's Anantnag district, Omar said he is not ready to make any political compromise for Statehood and challenged those who favour an alliance to remove him instead. Follow the Daily Excelsior channel on WhatsApp " ...Read More >
NEW DELHI, Sept 30: The four-month monsoon season came to an end on Tuesday with the country recording eight per cent more than normal rainfall, the India Meteorological Department said. IMD chief Mrutyunjay Mohapatra said that the country saw a "very successful" monsoon season though it was marked by many disasters, including cloudburst, landslides and mudslides. India recorded 937.2 mm of rainfall against the normal of 868.6 mm in the entire four-month monsoon season, a surplus of 8 per cent ...Read More >
NEW DELHI, Sept 29: Union Minister of State (Independent Charge) for Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions; Department of Space and Atomic Energy, Dr. Jitendra Singh, chaired the 327th meeting of the Executive Council of the Indian Institute of Public Administration (IIPA) in New Delhi on Monday. As Chairman of the Council, Dr. Jitendra Singh emphasized the need for stronger integration of governance training with emerging technologies such as artificial intellige ...Read More >
JAMMU, Sept 29: Kishtwar the hilly and remote district of Jammu and Kashmir has been designated under PM Dhan Dhaannya Krishi Yojna (PMDDKY) as aspirational agriculture district. The Kishtwar figures among 100 districts of the country selected for PMDDKY in the country out of over 800 districts. A letter to this effect was written by Union Minister of Agriculture & Farmers Welfare and Rural Development, Shivraj Singh Chouhan to Union Minister in PMO, Dr Jitendra Singh who represents Udhamapur ...Read More >
GANDERBAL, Sept 29: Chief Minister Omar Abdullah today inaugurated and laid foundation stone for more than a dozen development projects worth Rs 36.50 crore during an extensive tour of Ganderbal district, reaffirming his Government's commitment to strengthening infrastructure in sports, power sectors and improving road connectivity in the district. At Beehama, the Chief Minister inaugurated six major sports infrastructure projects including the upgradation of Beehama Stadium, Madr-e-Meherban St ...Read More >
JAMMU, Sept 29: A delegation of senior leaders of J&K Pradesh Congress Committee led by its working president and former Minister, Raman Bhalla called on Lieutenant Governor Manoj Sinha here today and submitted a detailed memorandum. The members of the delegation discussed various welfare issues of families and farmers affected due to recent natural calamities in Jammu Kashmir. They submitted a memorandum requesting the Central Government for a comprehensive relief, rehabilitation, restoration, ...Read More >
LUCKNOW. Sep 29: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Monday ordered strict action against multiple real estate developers, including Mahagun and Gaursons groups, over violations of norms and complaints filed by homebuyers. In its latest hearing, the UPRERA bench reiterated that violations of the Real Estate (Regulation and Development) Act "would not be tolerated". It imposed fines and referred several cases for punitive action under various sections of the law.(PTI ...Read More >
NEW DELHI, Sep 29: Avenue Supermarts Ltd, which operates the D-Mart retail chain stores, has raised Rs 100 crore in short-term debt through the issuance of commercial paper. The commercial paper, which has been issued on Monday and will mature after 91 days on December 29, 2025, bears a coupon rate of 6 per cent. The said commercial paper (CP) is "proposed to be listed on the BSE," said a regulatory filing by the company. The CP has a Credit Rating of 'ICRA A1+', it added.(PTI) ...Read More >
JAMMU, Sept 29: As the Leh Apex Body (LAB) today announced that it will stay away from talks with the Government till normalcy and conducive atmosphere are restored in Ladakh, the Union Ministry of Home Affairs said the Government has always been open for dialogues on Ladakh matters with LAB and Kargil Democratic Alliance (KDA) at any time. Follow the Daily Excelsior channel on WhatsApp "We would continue to welcome the discussion with LAB and KDA through the High Powered Committee (HPC) on La ...Read More >
Jammu, Sep 29: The pilgrimage to the cave shrine of Mata Vaishno Devi in the Trikuta hills of Jammu and Kashmir's Reasi district is going on smoothly, with over 1.25 lakh devotees having paid obeisance at the temple during the past one week of Navratri. Navratri, being observed from September 22 to October 1, is dedicated to the worship of Goddess Durga and holds special significance at the Mata Vaishno Devi shrine, which records one of its highest pilgrim footfalls during this period. "The ya ...Read More >
NEW DELHI: (Sep 29) Prime Minister Narendra Modi will release a commemorative postage stamp and coin to mark the centenary year of the Rashtriya Swayamsevak Sangh (RSS) this week. The RSS, founded on Vijayadashmi in 1925, will complete 100 years on Thursday. Sources said the prime minister will release the commemorative stamp and coin on Wednesday in the presence of RSS general secretary Dattatreya Hosabale on the eve of the organisation's centenary year celebrations. ...Read More >
JAMMU, Sept 28: Massive celebrations broke out across Jammu region after India clinched a thrilling 5-wicket victory over arch-rivals Pakistan in the Asia Cup 2025 final, held in Dubai. The high-octane match saw early setbacks for India, as Faheem Ashraf and Shaheen Afridi sent Abhishek Sharma, Shubman Gill and Suryakumar Yadav back to the pavilion for single-digit scores. However, a remarkable rescue effort by Tilak Varma and Shivam Dube steadied the innings. Their crucial partnership turned t ...Read More >
New Delhi, Sep 28: The Enforcement Directorate (ED) is soon expected to attach assets worth crores of rupees of certain sportspersons and actors under the anti-money laundering law in a case linked to an online betting and gaming platform. Official sources said that an investigation into the case related to a portal, '1xBet', has found that some of these celebrities utilised the endorsement fee paid to them for acquiring a variety of assets which qualified as the "proceeds of crime" under the a ...Read More >
SRINAGAR, Sept 26: Terming the arrest of activist Sonam Wangchuk "unnecessary", senior Congress leader and AICC General Secretary G.A. Mir today accused the Centre of "mishandling" the situation in Ladakh. Click here to watch video Speaking to reporters in Anantnag, Mir said Wangchuk had earlier been granted permission for foreign funding by the NDA Government and the Union Home Ministry. "First, permission was given, and now it has been cancelled, creating the impression that the previous Go ...Read More >
JAMMU, Sept 26: The Jammu and Kashmir Anti-Corruption Bureau (ACB) has filed a charge sheet against former Vice Chairman (VC) of the Jammu Development Authority (JDA) and others in connection with an alleged illegal plot allotment case. Follow the Daily Excelsior channel on WhatsApp An ACB official said the case stemmed from FIR number 18/2014 registered under the J&K Prevention of Corruption Act and Section 120-B RPC at Police Station Vigilance Organisation (now ACB). He said the charge shee ...Read More >
RAIPUR, Sep 26 : Six factory workers were killed and several others injured when an under-construction structure collapsed at the Godavari Ispat plant in Chhattisgarh's Silatra industrial area today. Officials fear the toll could rise further as rescue teams continue to search for labourers trapped under the debris. Eyewitnesses said over a dozen workers were on duty when the steel and concrete framework suddenly gave way, burying many beneath the rubble. Panic gripped the site as fellow work ...Read More >
NEW DELHI, Sept 26: Hitachi has announced the launch of the global Hitachi AI Factory, which is based on the NVIDIA AI factory reference architecture, yielding a centralized infrastructure designed to accelerate the development and deployment of physical AI solutions across Hitachi's core business sectors, an official statement said. An 'AI Factory' refers to a specialized, industrialized infrastructure that automates and scales the entire artificial intelligence lifecycle, from data collection ...Read More >
New Delhi, Sep 26: Prime Minister Narendra Modi will unveil on Saturday state-owned BSNL's 'Swadeshi' 4G stack, marking India's entry into a coveted league of nations such as Denmark, Sweden, South Korea, and China that produce and manufacture homegrown telecom equipment. This is a new era for the telecom sector, Communications Minister Jyotiraditya Scindia announced on Friday. Scindia said that over 97,500 mobile 4G towers will be commissioned by the PM at Jharsuguda, Odisha, on September 27. ...Read More >
NEW DELHI, Sep 25: Prime Minister Narendra Modi on Thursday invited global companies to invest in India's food processing sector as the country's triple strength of crop diversity, demand, and scale make it an attractive destination. The government has given a big push for the food processing sector in the last ten years, with supportive initiatives like production-linked schemes and mega food parks, resulting in a 20 times increase in capacity and doubling of exports, he said. Addressing the ...Read More >
Leh, Sep 24: The Administration of the Union Territory of Ladakh has announced the cancellation of the last day and closing ceremony of the ongoing Ladakh Festival 2025 due to unavoidable circumstances, officials said. According to an official spokesperson, "The Administration deeply regrets the inconvenience caused to all stakeholders including local artists, cultural troupes, tourists, and the people of Ladakh who were eagerly looking forward to the event." The Ladakh Festival has served as ...Read More >
NEW DELHI, Sept 16: Wholesale Price Index (WPI) increased from (-)0.58 pc in July 2025 to 0.52 pc in August 2025, driven by high prices of primary articles particularly food articles, non-food articles, minerals and manufactured goods, said Hemant Jain, President of PHD Chamber of Commerce and Industry (PHDCCI) in a communique. Jain said, "The prices of food articles increased by 1.45 pc in August 2025 vs July 2025 due to the inflation in wheat, pulses, eggs, meat and fish. While higher prices ...Read More >
GUWAHATI, Sep 13: Expressing gratitude to Prime Minister Narendra Modi for his presence at Bhupen Hazarika's birth anniversary celebrations here, Assam Chief Minister Himanta Biswa Sarma on Saturday said it healed the wound people had felt at the 'failure' of the then PM to pay respects to the musical maestro on his demise. Sarma recounted how Hazarika envisioned an equal society through his songs, movies and other creations, and gave the message that music also has a social responsibility, and ...Read More >
CHURACHANDPUR, Sept 13: Urging various outfits to shun violence, Prime Minister Narendra Modi on Saturday asserted that his government was with the people of Manipur and wanted to make the state a symbol of peace and prosperity. Addressing a public meeting in Kuki-dominated Churachandpur district during his first visit to the state after ethnic violence broke out in May 2023, Modi said the Centre's continuous efforts towards peace led to talks between the two warring sides. "It is unfortunate ...Read More >
Kochi, Sep 13: The Pahalgam terror attack collapsed the tourism industry in Jammu and Kashmir, causing a loss of crores of rupees in revenue, said JKNC MLA Tanvir Sadiq here on Saturday. Talking to news agency on the sidelines of the Urban Conclave here, where he represented the Jammu and Kashmir government, Sadiq said several hundreds of hotel and 'Shikara' bookings got cancelled following the terror attack, causing a huge loss to the tourism industry there. "Every booking got cancelled as to ...Read More >
Excelsior Correspondent MUMBAI, Sept 12: Buoyed by a significant surge in operating profit, the Bombay Mercantile Cooperative Bank unveiled a series of new initiatives including innovative loan products and strategic deployment of surplus funds to propel its growth trajectory to new heights. At the 88th Annual General Meeting (AGM) today, Chairman Zeeshan Mehdi addressed stakeholders, highlighting the Bank's strong financial performance for the Financial Year 2024-25. The Bank's operating pro ...Read More >
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