Business Archives | Page 100 of 103

J&K High Court bans sale of beef

September 10, 2015 Editor

Jammu and Kashmir High Court on Wednesday imposed ban on sale of beef in the state. A Division Bench of State High Court comprising Justice Dhiraj Singh Thakur and Justice Janak Raj Kotwal today banned sale of beef in Jammu and Kashmir. The ban came after a Public Interest Litigation against cow slaughter filed by Advocate Parimoksh Seth. The PIL said that slaughtering or killing of bovine animals were an offence punishable under Section 298-A and possession of such slaughtered animal an act punishable under Section 298-B of the RPC. After hearing senior advocate Seth’s…

Markets flooded with fake Pashmina in kashmir

September 10, 2015 Editor

As CM calls for GI Certification Despite Chief Minister Mufti Sayeed recently expressing concern over local markets swarming with fakes in the name of Kashmir Handicraft, famous handmade Pashmina shawls in Kashmir are falling prey to machine made fakes. As it becomes difficult for a customer, especially tourists, to distinguish between an original Kashmiri Pashmina shawl and a ‘fake’ one, the duplicate shawls, manufactured mainly in Punjab, are openly tagged and sold as authentic Kashmiri shawls in many showrooms within and outside the valley. The Pashmina shawl weavers, who have…

Gold remains down, Automobile sales accelerate, post flood impact

September 9, 2015 Editor

One year after the floods, it has been a mixed set of performance witnessed by various business segments in the Valley during this period. While the jewellery sales mostly remained low, the floods came as a blessing in disguise for the auto-mobile sector, especially car segment where the business has gone up because people opted for car exchange in lieu of their damaged vehicles. GOLD BUSINESS Bashir Rather, President, All Kashmir Gold Association says that gold sales have witnessed a negative 15 – 20 per cent growth since September last…

Govt cannot take traders, people for granted: KEA

September 8, 2015 Editor

Kashmir Economic Alliance (KEA) today said the government cannot take traders and the flood hit people of Kashmir for granted. The alliance hailed the people for making Kashmir Bandh a success. The call for the strike was issued by KEA against what it said the government’s failure to provide relief and rehabilitation to the flood-affected people in the state. The call was subsequently supported by various traders and political groups in Kashmir. KEA Chairman Showkat M Chowdhary said: “We appreciate people for making Kashmir bandh a success.” Chowdhary said the…

Bat industry struggles to stay afloat

September 7, 2015 Editor

The dwindling cricket bat manufacturing industry in south Kashmir’s Anantnag district has made minimal recovery since its infrastructure was hit by the last year’s floods. More than 50 cricket bat manufacturing units — operating from Halmulla and Sangam villages along the Srinagar-Jammu highway — are struggling to recuperate their business as little help has come from the government. The industry was already grappling with dislocation due to the widening of highway when the floods created havoc last year. Most of the bat manufacturers incurred heavy losses during the deluge and…

September floods still haunt Kashmir tourism industry

September 4, 2015 Editor

A year has passed since floods hit Kashmir; the tourism sector continues to be affected with arrivals falling by 80 percent presently thus giving sleepless nights to tourism players in the Valley. Even though the government led by the Chief Minister himself took the publicizing task, but the move seems to have failed as presently majority of the destinations are receiving tourists below 20 percent. The tourism sector from last two years has been witnessing a sharp decline in the number of tourist arrivals which is leading huge loss to…

Casinos can start in Kashmir, but not a priority: Deputy CM

September 4, 2015 Editor

Casinos were a potential avenue for tourism promotion in Jammu and Kashmir, but it was not a priority right now, Deputy Chief Minister Nirmal Singh said on Thursday. On a visit to Goa, a hub for tourism and offshore as well as onshore casinos, the BJP leader was asked if he planned to emulate Goa’s casino experience in India’s northernmost state to promote tourism. “Casinos can happen, but it is not our priority right now. What can be done later can be thought out,” he said. He said Jammu and…

We will make J&K round the year destination: Secretary Tourism

September 3, 2015 Editor

Secretary Tourism Farooq Shah interacted with travel trade associations of Kashmir to get their ideas to promote Kashmir to increase both domestic and international tourist arrivals. The travel trade representatives put forth their suggestions and the Secretary Tourism assured them of making J&K a round the year destination. The tourism stakeholders held a two hour long brainstorming session with Farooq Shah and the meeting discussed various ways to and strategies to promote J&K’s unexplored and existing tourism potential. He asked the travel trade fraternity to support the efforts of tourism…

Kashmir crafts can sell like hot cakes if marketed properly – Mufti

September 3, 2015 Editor

Stresses upon GI Registration, price tagging of genuine products Stressing better branding of Kashmir Handicrafts, Chief Minister Mufti Mohammad Sayeed today called for a concerted effort to overcome challenges in better marketing of hand-made products in the burgeoning domestic and international markets. Describing today’s entrepreneur as a “technopreneur” who is ready to take on the world, Sayeed said the export-oriented handicraft products will sell like hot cakes, even in wake of fierce competition, if we stick to globally-recognised benchmarks in originality and pricing. Investors should take a cue from the…

Affarwat gets season’s first snowfall

September 1, 2015 Editor

The high-altitude Affarwat area in ski-resort of Gulmarg in north Kashmir Monday received season’s first snowfall, resulting in dip in temperatures across Kashmir, even as some other parts of the Valley witnessed rainfall, officials said. Meteorological department officials said Affarwat received slight snowfall on Monday morning. “There was an overall five-degree dip in temperature due to the snowfall,” they said. The temperature recorded on Monday was 23.2 degrees while it was 28.7 degrees on Sunday, a MeT official said. Director MeT, Sonam Lotus said weather will remain fine for next…