Category: Business

Business

Handcarts of street vendors ablaze in Soura by security forces

Editor

Police and paramilitary forces Wednesday set the handcarts of five vendors of Soura ablaze along with their merchandise and cash boxes, locals and eyewitnesses said. They said youth were engaging Police and paramilitary forces in stone-throwing ding-dong battle in front of the maternity hospital and when the government forces tried to catch hold of the stone-throwing youth, they ran away. Locals and eyewitnesses said failing to catch the stone-throwing youth, the government forces took vented their anger on the roadside vendors selling fruit and other merchandise. “This is probably for…

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Mission Impossible or Mission Kashmir? Tom Cruise visits the Valley in MI 6

Editor

Hollywood icon Tom Cruise along with his Mission Impossible team lands in Kashmir to stop a sinister plot. Before you jump the gun, that’s how India finds a place in the narrative of the upcoming Mission: Impossible – Fallout. From the start to the thrilling climax scene, there are many points in the upcoming sixth part of the franchise with a ‘desi’ twist. And they bring Impossible Mission Force agent Ethan Hunt, essayed by Cruise, to India to save the world. There might be several references to India in the…

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‘Valley Weekends’ set to return from tomorrow

Editor

The Tourism Department will be resuming ‘Valley Weekends’, which will have cultural and sports activities for tourists and locals from the wee hours to the evenings, from Saturday. An official of the Tourism Department said ‘Valley Weekends’ will be held on Saturdays and Sundays. “Tourists have been missing entertainment activities in the Valley. During ‘Valley Weekends’, we will be organising musical and theatre events in addition to sports and adventure activities, so that the visitors enjoy not only the beauty of the Valley, but its culture also,” he said. ‘Valley…

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Centre must step in to check rising airfares: PDP

Editor

The Peoples Democratic Party (PDP) on Wednesday asked the state and the Central governments to take immediate measures for addressing the skyrocketing air fares to Kashmir during peak tourist season. In a statement issued here, PDP general secretary Mansoor Hussain said the people of the Kashmir valley in general and those associated with the tourism sector in particular were hopeful that the Central government would address the concerns already expressed by Chief Minister Mehbooba Mufti over the hike in air fares to Srinagar. “The people of Kashmir are hopeful that…

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GST roll-out hit industrial production, forced employee layoffs: FCIK

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Appalled by ‘callous’ performance of government departments, the Federation Chamber of Industries Kashmir claimed that rollout of Goods and Services Tax (GST) regime has hit Kashmir industry badly resulting in huge employee layoffs and compounding employment crisis in the state. “Industrial sector of Jammu and Kashmir is badly hit by the rollout of GST and the industrial production has almost come to a standstill resulting in the employee layoffs. The situation is very grim and is compounding the problem of unemployment of the state,” reads a communiqué addressed by FCIK…

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Reduce GST on Almond Kernels: CII

Editor

A delegation of the Confederation of Indian Industry (CII) on Friday apprised Minister for Finance, Labour and Employment Syed Mohammad Altaf Bukhari about various issues being faced by industries. Bukhari assured the delegation that the government would take steps to ensure a favourable environment for the growth of industries in the state. The delegation urged the government to reduce the goods and services tax (GST) on almond kernels from 12 per cent to 5 per cent. They said after the GST implementation, other similar categories and dried fruits, such as…

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Flying on Srinagar-New Delhi route is no longer an option for many travelers

Editor

The airfare on Srinagar-New Delhi route has gone up so high in the last few weeks that for many it is no longer an option to look at while making their travel plan. Students, sick people, and tourists are instead taking the old way of road travel or are simply cancelling their itineraries. A cursory glance at various travel portals indicated that the one way airfare from Delhi to Srinagar for the month of May is not less than Rs 10,000. While the same went for Rs 5000 a month…

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Since the beginning of holy Ramadan commodity prices soaring up

Editor

Consumers across Kashmir complained on Monday that the prices of food items including vegetables, fruit, chicken and meat in the local markets have risen sharply since the beginning of holy Ramadhan. The consumers accused the authorities of failing to keep a check on the market. As per a public notice, directorate of food, civil supplies and consumer affairs department Kashmir (FCSCA), has fixed Rs 110 per kilogram rate for the broiler, Rs 400/Kg for mutton without offal, for packed milk Rs 38/ kg, loose milk Rs 35/ Kg and egg…

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Rs 4 a litre hike in petrol, diesel prices in offing

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A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said. No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) on Monday ended a 19-day hiatus in revising petrol and diesel prices and reverted to the practices of changing rates on a daily basis. Since then petrol price has risen by 69…

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Tourist death could be last nail in Kashmir Tourism Coffin: Industry

Editor

The tourism trade in Kashmir condemned the killing, saying that those who had thrown stones at the vehicle in which the tourist was travelling were not well wishers of Kashmir but cold-blooded murders. The fragile tourism industry in Kashmir has taken another blow with the death of a tourist hit by stone-pelters, and the sector fears that the incident may further affect the already falling footfall in the troubled Valley. The killing of the Chennai youth could be the proverbial final nail in the coffin of tourism in Kashmir, Ashfaq…

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