Business Archives | Page 15 of 99

Kashmiri Growers express shock as GoI removes 20% Import duty on American Apples

June 28, 2023 Editor

The Centre’s decision to remove 20 per cent retaliatory import duty on American apples will pile on difficulties for the already stressed Kashmiri horticulture industry, fruit dealers and growers in the valley said. The farmers and dealers were suffering due to hail storms and unexpected weather conditions, including unseasonal rain, this year, Bashir Ahmad, president of the Fruit Growers and Dealers Association of Kashmir, told PTI. Reducing 20 per cent import taxes on Washington Apple will add more difficulties and have an adverse impact on the horticulture industry, he said.…

Kashmir markets see Unusually Low sales ahead of Eid

June 28, 2023 Editor

Trade leaders blame recession, inflation, online marketing Markets in Kashmir witnessed a thin footfall of shoppers ahead of Eid-ul-Azha, the festival of sacrifices, while the trade leaders term the recession, inflation and online marketing as the main reasons behind the sluggish market. The shopkeepers told the news agency—KIF that they were expecting a good sale but said the markets lacked enthusiasm. They said the flow is even low than Eid-ul-Fitr. People were seen jostling and swarming around mutton and bakeries shops; however, the overall market sentiment was low, the shopkeepers…

Seventeen Cricketers from six nations opt for Kashmir Willow in World Cup

June 17, 2023June 17, 2023 Editor

The demand for Kashmir Willow bats has increased in the global markets after the international cricket players from Oman and UAE used them in the T20 World Cups. Now, around 17 more players from six cricketing nations have got bats made from Kashmiri Willow for the ODI World Cup 2023 scheduled to be held in India this October. The people associated with this industry expressed happiness that more countries have started using Kashmiri Willow bats in the professional game. They expect more teams to procure the bats in the future.…

Domestic air travel rebounds, but higher ticket prices could dampen demand

June 16, 2023June 16, 2023 Editor

India’s domestic aviation sector experiences remarkable growth as the number of passengers carried by airlines from January to May grew over 36 per cent compared to the previous year, according to government data. Among domestic airlines, Indigo, Vistara, and Air Asia got an increase in market share. The many positives for the Indian aviation sector 1. Showing a recovery from Covid-19 induced slump, domestic airlines carried 636.07 lakh passengers from January-May, marking a 36.10% annual increase compared to the same period last year. 2. Passenger count rosed from 114.67 lakhs…

Kashmir Willow Bats to feature in ODI World Cup following successful trial during Qualifying Campaign

June 13, 2023 Editor

The Kashmiri Willow bats are set to feature in the upcoming ODI World Cup in India after they went under successful trials in the qualifying phase of the tournament. Manufactured in India’s Kashmir, the bats were first seen used by the Oman cricket team at a World Cup in 2022. They used it in the 2022 edition while bat’s performance saw it hit the longest six in the tournament. Now, used in the ongoing qualifying stage of the ODI World Cup in Zimbabwe, the bats will be a feature story…

Bungus Valley: A Picturesque Paradise witnessing surge in Tourist Footfall

June 13, 2023 Editor

Located in the higher ranges of the Shamsbari mountains at an altitude of 10,000 ft above sea level in northern district of Kupwara, Bungus Valley as a tourist destination has a lot to offer to visitors with its natural breath-taking beauty. Nested in the border district of Kupwara in the northern belt of Kashmir valley. Bungus since the 2021 ceasefire pact has seen a record number of tourist arrival. Apart from the increased footfall of tourists, small business units have come up in the nearest places. Existing markets are witnessing…

Kashmir Inc calls for Airfare Cap as Soaring Fares dent local economy

June 13, 2023June 13, 2023 Editor

There is an increasing demand for capping air ticket prices on the Srinagar air route due to the fact that the Srinagar-Jammu National Highway is very susceptible to weather vagaries, which creates problems for the business community and the tourism industry. Businessmen who have to go outside of J&K for work are postponing their plans due to the unheard of price increase for flights to Kashmir. For tourists, flying to Dubai is less expensive than Kashmir, and patients have to shell out a fortune on air travel. In order to…

Kashmir tourism Hit Hard as Massive Surge in Airfare pinches travelers: Stakeholders

June 10, 2023 Editor

As airfare to Srinagar has witnessed a steep rise after the suspension of operations by Go First Airways, the tourism sector in Kashmir has been hit and tourist footfall has come down and travellers are cancelling their visits to the Valley. Prominent hotelier and J&K Hoteliers Club chairman Mushtaq Ahmad Chaya said the tourism industry has suffered losses due to a rise in airfare after the suspension of flight operations by GoFirst. He said GoFirst used to operate 15 flights at Srinagar airport and with a drop in flights, the…

Welcome to Kashmir, a land of natural beauty and spiritual enlightenment; Here, leisure tourism is passe, and wellness tourism is all the rage

June 8, 2023 Editor

Forget Kerala, come to Kashmir to detox under the shades of gigantic Chinars and snow-capped mountains. Jammu and Kashmir government is promoting the valley as the wellness tourism hub in the country. Department of Ayush is setting up wellness centers at prominent tourist destinations to help people de-stress. Wellness centers are being set up at Pahalgam, Sonamarg, Srinagar, Gulmarg, Katra, Patnitop, and other places. Tourists could bask under nature to detox before leaving for their homes. Also Read: Best Places for Destination Wedding in Kashmir “We have set up a…

Airfares Soaring to New Heights: Skyrocketing Prices Cause Concern

June 7, 2023 Editor

Skyrocketing Airfares to Srinagar a Cause for Concern Airfares from Delhi to Srinagar are more expensive than to Dubai or Bangkok, despite concerns from a parliamentary standing committee. The committee had previously taken airlines to task for charging exorbitant prices for tickets on certain routes. It had directed airlines to end this practice. However, airfares have continued to rise, particularly since Go First airline halted its operations. Also Read: Experience the Enchantment of Gurez Valley: Go Gurez, Kashmir’s Hidden Gem! Tourism stakeholders say that airlines were already hiking airfares, and…