Greater Kashmir

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Global food prices
drop 2.1 pc in July

A roadside fruit seller in Srinagar's busy market at Lal Chowk.
Mubashir Khan/GK
seeds, dairy products, meat
and sugar.
According to FAO, the
recent sharp slide in cereal
prices reflected significant
fall in international prices of
maize and wheat, a reaction

to excellent production prospects in many major producing countries.
On the other hand, rice
prices edged marginally
higher, on renewed import
demand, especially as Thai-

land’s sales from public
reserves remained suspended.
Among vegetable oils, soy
oil prices have fallen mainly
in response to record crop
prospects for the US as well
as abundant availabilities in
South America.
Palm oil quotations eased
on persisting strength in
Malaysia’s currency and
slow global import demand.
Prices for rapeseed and sunflowerseed oil also weakened,
reflecting ample crop prospects for 2014-15.
Dairy products prices continue to fall reflecting both,
reduced import demand and
abundant export availability
but meat prices rose in July.
Sugar prices remained
marginally up in July. Over
the past three months, international sugar prices have
been relatively volatile, with
no clear direction amid uncertainty associated with sugar
production in Brazil, the
world’s largest producer and
exporter, the FAO added.

Srinagar,
Aug
7:
Sharekhan Ltd, a retail
stock company today organized a seminar on “Market
Outlook and Sharekhan
Research Product” at a local
hotel here. The seminar was
aimed to create awareness
about stock trading among
the masses.
The speakers at the
seminar deliberated on current market condition and
Sharekhan research/ Advisory products.
AVP (BPG - Advisory), Mehul Dedhia from
Sharekhan Ltd during
his presentation said that
in past Sensex has given
superior returns against
all odds and corporate
profits are the sole driver

Mubashir Khan/GK

Mubashir Khan/GK

GK NEWS NETWORK

Srinagar, Aug 7: Vodafone,
India’s leading telecommunication service provider,
Thursday donated over Rs 5
lakh to Sakhawat Centre to
help facilitate education of
underprivileged children in
Jammu and Kashmir.
In a statement here today
the company said: “Embracing the true spirit of the holy
month of Ramadhan through
a ‘giving’ gesture, Vodafone,
for the second consecutive
year, raised funds for the
education of needy children.
As part of its tie-up with the
Sakhawat Centre run by Iqbal
Memorial Trust, an NGO in
Srinagar, Vodafone donated
1 paisa out of every call or
recharge and Rs 5 out of every
new activation in the Kashmir province during the holy
month,” it said.
Through this initiative,
this year, Vodafone collected
a total of Rs 5.42 lakh which
was given to the Sakhawat
Centre. Last year, Vodafone
had given Rs 4.58 lakh to the
Sakhawat Centre under this

Seminar on stock market outlook held
GK NEWS NETWORK

of growth in sensex, which
are expected to grow at 18
percent in next 5 years.
He explained that even at
26000 sensex level there are
many investment opportunities in market due to stable
and pro- growth government
at centre and stable domestic
and global economy.
To mention, Sharekhan
Ltd is one of India’s leading online retail broking
house with its presence
through more than 1700
‘Share Shops’ in 550 cities
and serving more than
10,00,000 customers across
the nation.
In
Kashmir,
M.I.SecuritiesSharekhan is providing
multidimensional services in Srinagar headed
by Irshad Mushtaq.

initiative for promoting education of needy children, it
said.
The cheque was handed
over to Dr. Yusuf-ul-Omar,
Chairman Sakhawat Centre
(under Iqbal Memorial Trust)
and Mir Muhammad Ashraf,
Secretary Sakhawat Centre
(under Iqbal Memorial Trust)
today.
While sharing his thoughts
on this noble initiative, Asit
Shekhar, Business Head,
Punjab, HP and J&K, Vodafone India, said, “Education
for all is a pre-requisite for

GK NEWS NETWORK

EJAC leader
demands release
of GPF

Srinagar, Aug 7: Expressing resentment over the
delay in releasing GP fund
of employees, senior EJAC
leader Fayaz Ahmad Shabnum has urged government
to redress the grievance of
the claimants without further delay. In a statement,
he has said that GPF is the
money that is being contributed by the employees with
a hope that they would withdraw it when they need it.
“The employees apply for
its withdrawal when they
need it the most. Usually,
employees need it for construction of houses, on marriage of their wards or for
the treatment of any ailing
family member,” it added.

carrying an award money
of Rs 50,000 each; and ‘Best
Entrepreneur-12 Sectoral
Awards’ (open to both genders) carrying a cash award
of Rs 25,000 each. All the
awards shall carry a citation
and a trophy as well, an EDI
handout said.
To make the entrepreneurship more appealing in the years to come
is another goal of these

awards, it said.
AEE Awards are open for
first generation entrepreneurs whose ventures have
been promoted under various entrepreneurship development schemes being implemented by the institute.
“The awards aim to recognize the achievements
of entrepreneurs and their
innovations, strategy to
succeed in competitive

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markets, industry leadership, advanced marketing
and branding strategies,
and better management
practices for the growth of
economy of the state. The
awardees will be recognized
+
as role
models for budding
and young entrepreneurs,”
said Director JKEDI, Dr M.
I. Parray.
There is a specific eligibility criterion in place for

The awards aim
to recognize the
achievements of
entrepreneurs and
their innovations,
strategy to succeed in
competitive markets,
industry leadership,
advanced marketing
and branding
strategies, and
better management
practices for the
growth of economy
of the state
those willing to participate in the award competition. The nominee, should
be a JKEDI promoted

growth and development of
the society. However, there
are children who wish to
study but find it difficult to
pursue it because of financial
difficulties. As a value-based
organization, it has been
Vodafone’s endeavor to contribute to the empowerment
of the society it operates in.
Through this ‘giving’ initiative we are working towards
removing the hindrances
faced by those needy children
who want to study, thereby
contributing to the inclusive
growth of the society. Also,

the tie-up with the Sakhawat Centre has helped Vodafone involve all the people of
Kashmir to contribute for this
humble cause.”
Dr.
Yusuf-ul-Omar,
Chairman,
Sakhawat
Centre (under Iqbal Memorial Trust) while explaining the functioning of the
NGO said, “We are happy
and proud to continue this
association with Vodafone
for a second year running
as it helps bring about a
positive change in the life
of needy children. The Iqbal
Memorial Trust has been
working to rehabilitate the
lives of thousands of destitute and orphans in J&K.
With an objective of making
its social welfare activities more broad-based, the
Trust had set up the Sakhawat Centre in J&K in June
2005. The humble endeavor
by Vodafone works in line
with our objectives of giving
the needy children a fair
chance to rise above their
difficulties and chasing their
dreams unhindered by the
lack of resources.”

Itoo takes over
as Dir ICDS

SHREE MATA DURGANAG SEWA DAL

GK NEWS NETWORK

For the peace fo the world & Kashmir in particular
& to resotre the sacred spiritual Glory/ Pavitrata of
Shree Durga Naag Temple premises a Mahayagna is
being performed by devotees of Shree Mata Durga
Naag Sewa Dal under the auspices of his Holiness
Swami Mast Bab Ji & his team of devotees on 10th
August 2014.
You, along with your family & friends are invited
participate in the Havan as per program and partake
the blessings of Mata Durga.

Srinagar, Aug 7: Dr G
N Itoo today took over as
Director Integrated Child
Development Services
(ICDS).
Prior to this posting,
Itoo was Special Secretary
Forest and has worked as
Deputy Secretary to then
Chief Minister, Ghulam
Nabi Azad.
He was also posted as
OSD to Social Welfare Minister.
Itoo, a KAS officer of 1999
batch has done Post graduation in Sociology from Ali
Muslim University with
gold medal and then PHD
from Jawaharlal Nehru
University.
Meanwhile, the ICDS
officials have welcomed the
posting of Itoo.

EDI to give annual entrepreneurship
excellence awards, invites nominations
Pampore, Aug 7: Jammu
and Kashmir Entrepreneurship Development Institute
(JKEDI) has conceived entrepreneurship awards from this
year to its sponsored entrepreneurs who have made a
mark in creating their successful business ventures.
The ‘Annual Entrepreneurship Excellence (AEE)
Awards-2014’ is aimed at promoting entrepreneurship in
the state and to encourage
more startups.
The recognition in the
form of conferring awards is
to inspire unemployed youth
of the state to emulate successful entrepreneurs.
There are three categories of awards including
‘Entrepreneur of the Year’
(one each in male and female
category) carrying an award
money of Rs 100,000 each;
‘Runners up’ (three each in
male and female category)

twitter.com/GreaterKashmir_

Vodafone donates ` 5 lakh for
education of Kashmiri children

entrepreneur; should
have completed two successful years in business
as on March 31, 2014;
shall not have defaulted
to bank/JKEDI; shall not
have been blacklisted
by the state government
agencies, for involvement
in any economic or other
offences for which enquiry/legal action is pending.
The interested entrepreneurs shall have to submit
their nominations on a prescribed format along with relevant supporting documents.
Last date for submission of
nomination forms is August
20, 2014.
The nomination forms
can be downloaded from the
institute’s website www.
jkedi.org or can be had from
the institute’s campuses &
JKEDI district officers, on
any working day. All the
nominations shortlisted after
scrutiny shall be subjected to
field inspection.

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THE B U S INES S S CHOOL
NOTICE

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their Project Viva is scheduled to be held in the Business School, University
of Kashmir on 11th August, 2014 at 10:30am.
BS-12
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004

BUSINESS

New Delhi, Aug 7: Global food
prices fell by 2.1 per cent in July
from the previous month’s level
due to sharp decline in international rates of grains, oilseeds
and dairy products, according to the United Nations food
agency FAO.
Global food prices measured on the FAO food index
declined for a fourth consecutive month in July.
The index averaged at 203.9
points in July, down by 2.1 per
cent from June and 3.5 per
cent below July 2013, the Food
and Agriculture Organisation
(FAO) said in a statement.
“While meat prices rose for
the fifth consecutive month and
sugar remained firm, sharp
declines in grains, oilseeds and
dairy quotations pushed down
the FAO Food Price Index to
its lowest level since January
2014,” the FAO said.
The FAO price index measures monthly price changes
for a basket of cereals, oil-

17

SRINAGAR | August 8, 2014, Friday

Near Azad Filling Station

Mob. No’s: 9419591569, 9796913049
Email: janaqash1@rediffmail.com