Business Archives | Page 24 of 102

Rs 35581.44 Crore Budget; Disappointed, no major announcements for J&K: Kashmir Inc

February 2, 2022 Editor

Union Budget presented by the Finance Minister Nirmala Sitharaman in Parliament on Tuesday has failed to impress Kashmir Inc, which was hopeful that the Budget will have a special package for Jammu and Kashmir. President, Kashmir Chamber of Commerce and Industries, Sheikh Ashiq said that the Union Budget has failed to provide any succor to Kashmir’s business community who are facing losses for the last three years. “Though we have not conducted a detailed postmortem of the annual statement, still by having a glance at the Budget highlights, there is…

J&K’s tourism industry blown down by latest Covid crises

January 30, 2022 Editor

The third wave of Covid has impacted tourism in Jammu and Kashmir in January after it had made an encouraging comeback till the end of last year. From a record 1.4 lakh tourist arrivals in December 2021, the numbers this month have come down to less than half with just over 60,000 visitors till January 27. Officials of the tourism department said owing to escalating Covid cases this month, the tourist arrivals have come down, but have not stopped. “The pandemic has an effect on the arrivals, but they have…

Pending payments, Lock-downs wreaking havoc on businesses, Economy: Kashmir Chamber

January 29, 2022 Editor

The business community in Kashmir has urged the J&K administration to pay the overdue payments of the businessmen and entrepreneurs pending for over four years now and rethink the recent decision of imposing lockdown on the weekends. They stated that the weekend lockdowns have once again adversely impacted the livelihood of daily wagers and the larger business community. The business representatives urged the Lieutenant Governor of J&K Manoj Sinha to pay heed to the demands of the business community, allow the opening of businesses promising to ensure implementation of Covid19…

Amid Covid surge, sharpest month on month dip in tourist arrivals to Kashmir

January 23, 2022January 23, 2022 Editor

The surge in cases of COVID19 across the country, including Jammu and Kashmir, has proved to be a damp squib for the tourism sector in the Valley. What was looking like a promising winter tourism season on the eve of New Year’s, has lost momentum, with a sharp decrease of more than 1 lakh tourists registered in January so far. As per official figures collected by this newspaper, 1.42 lakh tourists visited Kashmir in December 2021. However, as the Omicron-led Third Wave started to peak from the first week of January,…

Kashmir’s cricket bats industry received booster, by its maiden product appearance in T20 World Cup

January 21, 2022 Editor

The Kashmir Willow bats have finally arrived in the international cricketing world. For the first time in the last 75 years, two international cricket players used the Kashmir willow bats in the T-20 world cup, which was held in Dubai. This development has changed the fate of Kashmir’s Willow bat industry. The demand for Kashmir Willow bats has increased and orders are pouring in from across the World. Bat importers from around 12 cricket-playing nations have placed orders with several bat factories in Kashmir. The Kashmir bat industry was established…

Prioritising hospitality over health needs; Blanket ban on holidaymakers not possible: Div Com Kashmir

January 17, 2022 Editor

Allowing tourism with the surge in cases fatal, say health experts; A blanket ban on holidaymakers not possible: Div Com Kashmir Leading epidemiologists and members of the trade fraternity, besides hundreds of common people, feel it is time for Kashmir tourism to take a brief pause before holidaymakers- leisure and adventure tourists- can flock to the Valley once again. However, the administration in the UT is keen that the tourism sector is left untouched and allowed to be functional while following the COVID guidelines is ensured. The experts in the…

Latest surge in Covid-19 cases giving big blow to Kashmir tourism industry

January 16, 2022 Editor

Just when the tourism season in Kashmir was picking up, the surge in Covid-19 cases has again hit the tourism sector. Tourists are cancelling their bookings. Just when the tourism season in Kashmir was picking up, the surge in Covid-19 cases has again hit the tourism sector. Tourists are cancelling their bookings. Kashmir Hotels and Restaurant Owners Federation (KHAROF) president Abdul Wahid Malik told this daily hotel occupancy has declined. He said tourists are cancelling bookings and they were receiving scores of calls in this regard. According to Wahid, there…

Citing huge losses, Kashmir apple growers demand ban on imports from Iran

January 13, 2022 Editor

Iranian apples had been reaching India via Dubai Apple growers in Jammu and Kashmir on Wednesday sought the intervention of Prime Minister Narendra Modi to prevent the huge losses they have incurred due to the import of Iranian apples to India. Addressing a press conference in Srinagar, President of Kashmir Valley Fruit Growers and Dealers Association and New Kashmir Fruit Association Bashir Ahmad Bashir said traders outside Kashmir have imported huge quantities of apples from Iran at cheap rates due to the sanctions on Iran. “Iranian apples are selling cheap,…

Once famed Kashmiri woodcarving a legacy in its last throes

January 8, 2022 Editor

By: Mukeet Akmali Carving out marvel after marvel, septuagenarian Mehraj U Din has a blurred vision, yet the desperation to feed his family keeps him going. With fewer returns and low demand for intrinsic wood-carved items, he finds it difficult to keep going. His lone son is not willing to carry forward his legacy either. Amid all ailments, Mehraj does not give up. He sits daily for a day’s rigorous work to feed his family comprising a daughter and son, and his wife. With the loss of vision and old…

Kani Shawl: Revisiting Kashmir’s Precious Craft

December 6, 2021 Editor

By: Basharat Bashir In the age of digitalization and high technologies, many traditional art forms are fading away with time. But in the small village of Kashmir, the vigorous efforts of a man named Ghulam Mohammad Kanihami from the Wani family revived the old age craft of loom-woven called ‘Kani’ and became successful to maintain its legacy. Now, this art of handloom marks India’s one of the most precious cultures. The art of weaving Kani shawls was first brought to Kashmir in the 15th century by Persian and Turkish weavers,…