Government gets RBI nod, takes first step towards ending barter practice The Cabinet today decided to give banking back-up to trade across the Line of Control (LoC) so that the barter system could be abolished. The Department of Industries and Commerce was given the task of preparing a project and submitting it to the Cabinet. The Cabinet meeting was chaired by Chief Minister Mehbooba Mufti at the Civil Secretariat. Addressing a press conference after the Cabinet meeting, Minister for Education Nayeem Akhter said the Government of India had told the…
Read MoreCross-LoC trade to get banking back-up
