Business Archives | Page 29 of 100

High-level committee constituted for revival of business sector in J&K

August 19, 2020August 19, 2020 Editor

Government has constituted a high level committee for ‘relief and revival of business sector’ in Jammu and Kashmir. The committee has been asked to submit a ‘consolidated proposal’ by 1st September 2020. A day earlier, a delegation of Kashmir Chamber of Commerce and Industry (KCCI) had called on Lt Governor Manoj Sinha seeking “constitution of a committee for the revival of the businesses in J&K”. The committee constituted shall comprise of Advisor KK Sharma, Financial Commissioner, Finance Department, Commissioner/Secretary, Industries and Commerce Department, Commissioner Secretary, Tourism Department, and Chairman, Managing…

Indefinite lock-down of business establishments in Kashmir a serious infringement on the rights of the business community to earn a livelihood: KCCI

August 14, 2020August 14, 2020 Editor

A spokesperson of the Kashmir Chamber of Commerce and Industry today termed the indefinite lockdown of business establishments in Kashmir especially Srinagar as a serious infringement on the rights of the business community to earn a livelihood. Despite full cooperation extended by the general public and the business community, the administration appeared to be running around in circles since the previous five months and seem oblivious to the fact that the business community of Kashmir is presently in the 13th month of a disruption which has wiped out enterprises and…

Internet Shutdowns, Pandemic have cost Kashmir Rs 40000 Cr and more than 5 Lakh jobs: Sheikh Ashiq President KCCI

August 5, 2020August 5, 2020 Editor

Kashmir Chamber of Commerce and Industry president Sheikh Ashiq Ahmad said the 2G internet currently available in the region is not enough for many businesses. Sheikh Ashiq Ahmad, president of the Kashmir Chamber of Commerce and Industry, has claimed that the internet restrictions imposed in the region since 5 August last year, and then the Covid-induced lockdown, have caused an economic loss of Rs 40,000 crore in the Valley alone, and that more than five lakh people across sectors are now jobless. Ahmad told ThePrint the industries hit the hardest…

J&K to welcome tourists, but only Pre-booked, Air passengers allowed

July 14, 2020July 14, 2020 Editor

Days after opening parks and gardens to the public, the Jammu and Kashmir administration on Sunday decided to open the tourism sector in a phased manner with effect from Tuesday but limiting it to tourists arriving by air only. However, it advised the tourists above the age of 65 years to avoid coming to the union territory and also announced compulsory RT-PCR testing of all tourists at the airport on arrival. Announcing the decision and the guidelines for entry of tourists in the UT in phase-1 valid with effect from…

Tourism Sector all set to reopen in J&K dates to be announced soon: Govt

July 7, 2020July 7, 2020 Editor

The tourism sector in Jammu and Kashmir is all set to re-open, and the government is in the process of finalising and announcing a date soon. The government has started preparing the blueprint that would be made public soon to revive the critical service sector in J&K. The hospitality sector sustains the livelihoods of tens of thousands of J&K residents. Several families have been connected to the hospitality industry for generations. “This sector, seen along with Handloom, handicrafts and horticulture sectors forms the core of the J&K economy, as all…

Harsh guidelines deliver final blow to Kashmir’s iconic houseboat industry

July 4, 2020July 4, 2020 Editor

The Department of Tourism’s document outlines norms and guidelines for registration, renewal, and operation of houseboats in Kashmir’s famous Dal and Nageen lakes. Already reeling under the aftermath of over three decades of political unrest, loss of tourism and the ongoing lockdown, Kashmir’s iconic houseboat industry seems to have been delivered a final blow. In what is being seen as lip service to inclusive policy-making, the Department of Tourism has chosen the lockdown period to release a draft Houseboat Policy which has now been put in the public domain for…

Cherry trade badly hit due to lockdown in Kashmir

June 11, 2020June 11, 2020 Editor

While restriction to contain Covid-19 pandemic continues and all spheres of life are badly hit, people associated with the fruit industry are the worst sufferers as their ripe cherry crop has rotten in orchards due to the non-availability of transport. Lockdown restrictions amid pandemic crises killed our business and crop. June is the peak season for the valley growers to pluck cherry and send it to the different markets across the Indian plains and other parts of the world. But given the lockdown, desirous transport is not available and our…

Kashmir witnessed 3000 days of lockdown in over two decades: Trade bodies

June 3, 2020June 3, 2020 Editor

In last over two decades, an amalgam of 30 trade bodies in the Valley on Wednesday said that Kashmir has witnessed 3000 days of lockdown, thus simultaneously deteriorated the situation of the business community here, which they claim are struggling to survive amid the prevalent situation in Jammu and Kashmir. However, the traders also stated that the special package of Rs 20, 000 Crore announced by the government has been announced for the people excluding the business community of Kashmir. Over 30 trade bodies including Kashmir Chamber of Commerce &…

#Lockdown: Apple industry in shamble, as millions of cartons are lying in cold storage waiting for buyers

April 28, 2020April 28, 2020 Editor

The nationwide coronavirus lockdown has badly hit apple farmers in Jammu and Kashmir. As the farmers are not finding market for their produce, over three million cartons of apples are lying in cold storage. They are rather paying Rs 35 per box per month as storage charge, and Rs 100 as packing and grading fee to save their produce from rotting. They fear incurring more loses than the value of their produce if lockdown continues as there are no buyers due to the market conditions. The lockdown has added to…