Category: Business

Business

#KashmirChalo: Tour operators gear up to welcome tourists in Kashmir

Editor

In a bid to revive the tourism industry in the valley, the tour operators here in Jammu and Kashmir are gearing up for the upcoming winter season amid the COVID-19 outbreak. As the coronavirus cases are slowly declining in the Union Territory, tour operators are hoping that tourism activities will improve in Kashmir. “We all know, how due to COVID-19 global trade has suffered. As things are improving, we are hoping that tourism will pick up. The tourism industry seems to be getting back on track in the last two…

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After Year’s slump, recent snowfall unlocks Kashmir Tourism

Editor

After witnessing a slump for more than seven months due to outbreak of Covid-19, there is a ray of hope for Kashmir’s ailing tourism sector as the fresh snowfall in higher reaches is attracting tourists once again. Gulmarg in Baramulla district, which recorded almost 2 feet of snowfall since Saturday, has come to life as tourists have started thronging this popular ski-resort. On Sunday, as many as 574 tourists arrived at the Srinagar International Airport from different cities, mostly Bengaluru, Kolkata, Chennai and Mumbai to spend their ongoing Diwali vacations…

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Kashmir Economy loses Rs 5 Cr per day due to highway blockade: KTMF

Editor

The business in Kashmir faces a loss of Rs five crores per day due to frequent blockade of Srinagar–Jammu highway, the data provided by Kashmir Traders and Manufacturers Fund (KTMF) has revealed. The highway remains frequently closed due to the ongoing blasting of mountains for highway expansion and adverse weather conditions, having a far reaching effect on Kashmir economy. According to reports, the highway has remained blocked for more than fifty days this year alone. The blocking of Srinagar-Jammu highway results in decline in the quality of fruits due to…

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LTC facility for central govt employees extended for two years to visit J&K, Ladakh

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The government today said it had extended the facility that allowed its employees to visit Jammu and Kashmir, Ladakh, the Andaman and Nicobar Islands and the northeast while availing leave travel concession (LTC) facility by two more years till September 25, 2022. According to a statement issued by the personnel ministry, the eligible Central government employees get reimbursement of tickets for to and fro journey, besides paid leave, when they avail the LTC. Minister of State for Personnel Jitendra Singh said an entitled government official could avail the LTC for…

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Bollywood making a comeback in Kashmir Valley

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Even as life is gradually limping back to normal amid the Covid threat, a Punjabi song was shot in the Valley that was once considered the second home of Bollywood. Impressed with the locales, the crew urged the Bollywood and Punjabi film industry to renew their Kashmir connection. “This is the most beautiful place I have ever seen in my life and I would love to visit the Valley for shootings in future as well. Kashmir is the perfect place for film shootings and I want that more Bollywood and…

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Economic package for J&K on cards: LG Manoj Sinha

Editor

Lieutenant Governor Manoj Sinha on Monday said the government will soon be announcing an “unprecedented economic package” which will cover not just the trade fraternity but all the sections in Jammu and Kashmir that have been affected by the downturn caused by the uncertainty. “This package will include everyone including the business community. I can assure you that this would be an unprecedented economic package which earlier has never come for J&K,” Sinha said. Addressing a press conference here, Sinha said the committee constituted to suggest a package for the…

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J&K performs poorly in BARP ranking, secures 21st rank Andhra tops ‘Ease of doing Business’

Editor

Andhra Pradesh for the third time in a row has topped in the ease of doing annual business ranking of states and Union Territories by the Department for Promotion of Industry and Internal Trade (DPIIT). The ranking is based on the implementation of the business reform action plan 2019 by states and UTs, according to a report released by Finance Minister Nirmala Sitharaman on Saturday. The exercise is aimed at promoting competition among states with a view to improving the business climate to attract domestic as well as foreign investments.…

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Another year of gloom for Kashmir’s famed apple industry

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Farmers primarily engaged in growing apples in Kashmir said they are likely to face another year of losses due to the ongoing Covid-19 situation Shuja-ul-Haq Kashmir’s famous apple industry is looking at another year of gloom as several factors including Covid-19 pandemic contributed to lower production so far. Farmers who grow apples said they are facing issues since 2019 when Kashmir was shutdown after the abrogation of Article 370. This year, too, farmers are worried as their harvest is substandard.Ali Mohammad, an apple farmer in central Kashmir, feels his crop…

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Kashmir Tourism suffered Rs 1166 Cr loss during last one year: Tourism Dept

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Kashmir tourism industry has suffered a massive Rs 1166.81 crore loss in the last one year due both to the situation post abrogation of special status of Jammu and Kashmir and the ongoing COVID-19 pandemic. The Tourism Department has quoted this figure in reply to a query made under RTI Act by rights activist MM Shuja. The reply states that there were only 17,874 tourist arrivals in Kashmir during 2020. It says that the data compiled by the department shows “drastic decline in tourist footfall due to COVID-19 pandemic and…

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Seven must have Handicrafts from Kashmir

Editor

Not only is Kashmir one of the most picturesque corners of India but also home to many handicrafts which speak volumes about the artistic expertise of the Kashmiri people Uttara Gangopadhyay Do not miss browsing through the handicrafts of Kashmir when you visit the region as travelling in the post pandemic world picks up. These will not only enhance your wardrobe or beautify your house but also make excellent souvenirs and gifts. Also, your support will help local artisans pursue the traditional crafts and not succumb to uneven competition from…

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