Cash Crunch Dampens Eid Festivities in Kashmir: Retailers Adapt to Meet Budget-Conscious Shoppers 

Cash Crunch Dampens Eid Festivities in Kashmir: Traders Urge Retailers to Adapt

Srinagar Braces for Subdued Eid Markets as Liquidity Crunch Tightens Consumer Belts By: Javid Amin As the festive season approaches, a significant shift is underway in Jammu and Kashmir’s market dynamics. A prevailing liquidity (cash) crunch is forcing consumers to prioritize budget-friendly products, leading to a noticeable downturn in overall market activity, particularly in the lead-up to Eid al-Adha. Farhan Kitab, President of the Confederation of All India Traders (CAIT) Kashmir unit, addressed these pressing issues on June 15th. He highlighted the impact of the cash shortage on consumer spending…

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KTMF’s Eid Appeal: Skip Online Giants, Support Local Kashmiri Businesses!

KTMF's Eid Appeal: Skip Online Giants, Support Local Kashmiri Businesses!

Srinagar: Ahead of Eid, the Kashmir Traders and Manufacturers Federation (KTMF) is making a fervent appeal to shoppers to prioritise purchasing from local physical stores rather than opting for online shopping. In a statement issued today, KTMF incumbent president Muhammad Yaseen Khan said, “In light of the ongoing challenges faced by the local retail sector, KTMF emphasises the importance of supporting our community’s businesses during this crucial time. By choosing to shop in physical stores, consumers can play a pivotal role in sustaining local businesses and ensuring their continued operation.”…

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Kashmir Chamber of Commerce Denounces JNU Scientist’s ‘Israeli Model’ Suggestion for Kashmir

Kashmir Chamber of Commerce Denounces JNU Scientist's 'Israeli Model' Suggestion for Kashmir

Srinagar, Jammu and Kashmir: The Kashmir Chamber of Commerce & Industry (KCCI) has strongly condemned a suggestion made by JNU scientist and author Anand Ranganathan to implement the “Israeli Model” of settlements and other forceful measures in Kashmir. Ranganathan made this suggestion during a podcast on ANI news agency. The KCCI takes particular offense to his claim that tourism revenue in Jammu and Kashmir benefits terrorists. KCCI Rejects Ranganathan’s Claims: Misinformation about Tourism: The KCCI refutes Ranganathan’s assertion that tourist income goes to terrorists. They clarify that a significant portion…

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Soaring Skies, Sinking Spirits: Kashmir Airfares Take Off, Tourists and Locals Land Hard

Soaring Skies, Sinking Spirits: Kashmir Airfares Take Off, Tourists and Locals Land Hard

Flight of Fancy or Financial Folly? Kashmir Airfares Leave Travelers Rethinking Plans Srinagar: Air travel to Kashmir has become a luxury, with skyrocketing airfares surpassing even the costs of international flights. The prohibitively high ticket prices are not only deterring tourists but also burning a hole in the pockets of locals who need to travel from Srinagar to other parts of the country. Despite an increase in the number of daily flights to Srinagar airport, which now exceeds 100, the steep rise in fares is acting as a significant deterrent…

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Kashmir’s Enchanting Embrace: A Surge in Tourism Brings Both Beauty and Challenges

Kashmir's Enchanting Embrace: A Surge in Tourism Brings Both Beauty and Challenges

Paradise Under Pressure: Kashmir’s Allure Demands Sustainable Solutions By: Javid Amin Nestled amidst the majestic peaks of the Himalayas lies Kashmir, a valley renowned for its breathtaking landscapes, tranquil lakes, and snow-capped mountains. For centuries, this region has captivated travelers with its ethereal beauty and rich cultural tapestry. Today, Kashmir is experiencing a resurgence of tourism, drawing visitors from across the globe with its undeniable charm. However, this surge in popularity presents both opportunities and challenges. A Boom Fueled by Beauty and Stability The current tourism boom in Kashmir can…

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Gold’s Gilded Gloom: Kashmir’s Market Dips Despite Nuptial Season

Gold’s Gilded Gloom: Kashmir’s Market Dips Despite Nuptial Season

Srinagar: Amidst the wedding season, the skyrocketing prices of gold have declined the consumer demand in Kashmir markets, leaving the jewelers to lurch at large. Bashir Ahmad, President of the Jewelers Association Kashmir, as per the news agency—Kashmir News Observer (KNO), revealed that they are experiencing a staggering 90 per cent decrease in gold sales. “There were times when customers could afford a 50-gram set, but now, with the current prices, they can only manage a 20-gram set,” Ahmad lamented. He said that the soaring prices have drastically altered consumer…

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Beyond the Beauty: Unveiling the Ripple Effects of Expensive Flights to Kashmir

Beyond the Beauty: Unveiling the Ripple Effects of Expensive Flights to Kashmir

Kashmir Vs Singapore: Why Your Dream Vacation Might Cost More Here Srinagar : Kashmir, the “Crown of India,” famed for its breathtaking landscapes, serene lakes, and rich cultural heritage, is facing a challenge that threatens to dim its tourist season’s sparkle: skyrocketing airfares. While travelers dream of idyllic houseboat stays on glimmering Dal Lake or adventures amidst snow-capped mountains, the reality of exorbitant flight costs casts a shadow on these aspirations. Imagine this: a summer escape to Kashmir, a haven nestled in the Himalayas, costing more than a vacation to…

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A Valley Shrouded in Darkness: Kashmir’s Power Crisis – A Struggle for Light in the Modern Age

A Valley Shrouded in Darkness: Kashmir's Power Crisis - A Struggle for Light in the Modern Age

Kashmir: A Jewel in the Crown or a Pawn in the Dark? By: Javid Amin In the heart of Kashmir, amidst snow-capped peaks and emerald valleys, a different reality unfolds. Here, the narrative is not one of idyllic landscapes and vibrant cultures, but of a darkness so pervasive it feels like a scene ripped from a bygone era. A crippling power shortage has plunged the valley into a state of despair, raising a chorus of questions that demand immediate answers. A Symphony of Silence: Broken Dreams and Disrupted Lives The…

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Falling Apple: South African Imports Threaten Kashmir’s Crop

Falling Apple: South African Imports Threaten Kashmir's Crop

Srinagar: With South African apples now entering Indian markets, the prices of Kashmiri apples have seen a further decline, resulting in significant losses for buyers and growers. Efforts by the South African government to expand its market share in India have received a boost with a new agreement between India and South Africa, allowing in-transit sterilisation of South African apples and pears. This has enabled South African fruit to reach retail markets across the country more quickly, maintaining their freshness. Growers and buyers, speaking with the news agency—Kashmir News Observer…

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Kashmir Braces for Chaos as Cash Crunch Hits Government Treasuries Ahead of Eid

Kashmir Braces for Chaos as Cash Crunch Hits Government Treasuries Ahead of Eid

Reduced cash flow just ahead of the upcoming Jumat-Ul-Vida, Shab-e-Qadr and Eid Ul Fitr at government treasuries has pushed people into a state of chaos, confusion and anxiety across Kashmir. Though it is a decades old practice of the Jammu and Kashmir government that cash flow is unprecedentedly increased on the occasion of Eid a for the release of even advance salaries to government employees and payments to contractors and suppliers but with hardly few days left for Jumat-Ul-Vida, Shab-e-Qadr and Eid Ul Fitr allegations are galore that bills are…

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