Category: Business

Business

Minister calls for e-commerce to promote handicraft sales

Editor

Chander Prakash, Minister for Industries and Commerce and JKHC Chairman, visited the Kashmir Government Arts Emporium and took stock of its functioning here today. He inspected various handicraft items displayed for sale at its showroom, including silk carpets, pashmina and woollen shawls, readymade garments, silk saris, chain stitch rugs, ‘numdas’, paper machie, leather goods, metal machie, walnut wood, furniture items and jewellery items. Impressed with the quality and design of the products, the minister appreciated the craft and work of the local artisans. The minister stressed upon officials concerned to…

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Despite High Court order, sale of beef continues

Editor

Two dozen eateries on Food Street continue to serve beef dishes Even as the J&K Government has shifted one of its senior attorney’s for failing to defend it in the “beef ban case”, the effect of the ban is no where visible on streets of Srinagar where sale of beef dishes continues unabated. Nearly two dozen food joints on the Food Street, just opposite the famous Ghanta Ghar in the Lal Chowk area, continue to serve beef dishes to customers, ranging from poor to middle class, rural to urban and…

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No policy for economic recovery, rue experts

Editor

With a comprehensive financial package for Jammu and Kashmir yet to take practical shape, the Centre and the state government have come under attack from economists and the business community for not formulating a concrete policy and planning the state’s economic recovery after the devastating floods a year ago. They believe that both the governments have failed “to capitalise a big opportunity” to bridge the gap between the ruling class and the public in the aftermath of the devastating floods. “The state and the Centre have failed to capitalise the…

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Kashmir Safer for Banks than UP: HDFC Chief

Editor

‘Africa has worse infra but draws huge tourists’ Stating that Kashmir is safer banking destination than Uttar Pradesh, the  managing director of HDFC bank, Dr Aditya Puri Monday said bankers don’t face kidnapping cases in valley like in UP. Dr Puri was speaking while interacting with a group of traders, hoteliers and other players after re-launching the bank’s MS Mall branch in Srinagar which was affected by floods. He said the digital banking has the changed the whole concept of banking. “We launched it keeping the urban spaces in mind,”…

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Ladakh Tourism Festival from Sep 20

Editor

JK Tourism Department is going to organize Ladakh Festival from 20th to 27th September 2015 at Leh. The 8 day event will showcase the rich tourism heritage of Ladakh region. Secretary Tourism, Farooq Ahmad Shah reviewed the arrangements being made for the Ladakh Festival in a meeting, he chaired here. He said the inaugural function will be held on 20th and it will conclude on the World Tourism Day i.e 27th September. Apart from showcasing the tourism products of Ladakh region, the festival will also witness Handicrafts exhibition, Thangka Exhibition,…

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Rs 2,000 crore will be spent on road network: Mufti

Editor

Chief Minister Mufti Mohammad Sayeed today promised the people of a new dawn in Jammu and Kashmir and said the objective of forging an alliance with the BJP was to bring in equitable and balanced development of all three regions of the state. The Chief Minister said Prime Minister Narendra Modi was aware of the pains and problems of the residents of Jammu and Kashmir. Addressing party workers at a one-day party convention in Udhampur today, Mufti Sayeed hoped that the Central and the state governments would work more effectively…

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Traders’ body flays govt for imposing tax on chopper service to Vaishno Devi

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The Kashmir Traders and Manufacturers Federation (KTMF) today alleged that J&K was being subjected to “tax terrorism” and the government was “harassing” flood-hit traders by levying service tax on chopper service to the Vaishno Devi shrine. “The government has subjected the state to tax terrorism. On the one hand, the Sales Tax Department has started harassing flood-hit Valley traders through undue crackdown on shopkeepers and on the other hand, service tax is being levied on pilgrims,” KTMF president Haji Mohammed Yasin Khan said in a statement. He said these developments…

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J&K High Court bans sale of beef

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…

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Markets flooded with fake Pashmina in kashmir

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…

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Gold remains down, Automobile sales accelerate, post flood impact

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…

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