Category: Business

Business

Anti-Social elements have started Kashmir Tourism boycott campaign: KCCI

Editor

Valley’s travel and trade bodies have accused some anti-social elements in India for damaging Kashmir tourism by launching ‘Kashmir boycott campaign’.In a joint press conference, the representatives from travel and hospitality sector urged Government of India and other state governments to expose and punish these ‘anti-social and communal elements’ who are running boycott campaigns asking travelers not to visit Kashmir. Senior Vice President of Kashmir Chamber of Commerce and Industry (KCCI) Nasir Hameed Khan said they will be visiting different states to counter the ‘boycott Kashmir campaign’ launched by certain…

Read More

‘Tourists are our Guests’ Kashmir hotels open doors to stranded tourists

Editor

Amid heightened cross-border tension, which led to the closure of the Srinagar airport for civilian flights on Wednesday, hotels in the Kashmir valley have opened their doors to the stranded tourists, offering them free accommodation. Several hoteliers and travel agents came to the rescue of the tourists as the Srinagar-Jammu national highway too remained mostly shut during the past few weeks. “As tourists got stranded on Wednesday, we (Radisson group) offered free accommodation to them. We want to tell the tourists that they are our guests and we will make…

Read More

Traders hit streets against mob attacks on Kashmiris across India

Editor

Kashmir based trade bodies and members of civil society on Friday held a joint protest at city centre Lal Chowk against mob attacks on Kashmiris in various states. The organisations which had called shutdown and protests included both factions of Kashmir economic alliance, all factions of Kashmir traders and manufacturers federation, Kashmir chamber of commerce and industry, Bapar Mandal Mahraj Gunj, Shehar-e-Khaas traders coordination committee and valley based transporters along with several other trade associations. Members of civil society representing Kashmir Centre for Social and Developmental Studies also took part…

Read More

Kashmir trade not dependent on Jammu: Kashmir Inc

Editor

The business in Kashmir valley is not completely dependent on imports from Jammu as just 30 percent of goods are being imported currently from there, Kashmir-based traders said.The remaining 70 percent goods are imported to the Valley from other states.Although, Jammu is the nearest city that the Valley can trade with, Kashmir is not completely dependent on imports from Jammu and has an option to do business with nearest states like Punjab. Chairman Kashmir Economic Alliances (KEA) Muhammad Yasin Khan said that just 30 percent goods worth Rs 48,000 crore…

Read More

Govt asks airlines to check sudden hike, KCCI urges​ to bring airfare under essential service act

Editor

Welcoming the concern shown by Governor Satya Pal Malik and advisor Khurshid A Ganai over rising air fare, the Kashmir Chamber of Commerce and Industry (KCCI) sought brining air travel under the purview of Essential Services Act. In a statement, Senior Vice President of Kashmir Chamber of Commerce and Industry, Nasir Hamid Khan said that the KCC&I had been raising this critical issue for long and had also given several suggestions to the Government in this regard and urged for effective action. He said vested interests are indulging in ‘blatant…

Read More

NC, AIP, traders protest SAC move on J&K Bank, BJP welcomes decision

Editor

A day after the Kashmir Economic Alliance threatened to launch an agitation against the decision to turn J&K Bank into a public sector undertaking (PSU), the National Conference (NC) and Awami Ittehad Party protested the move on Monday. The Kashmir Chamber of Commerce and Industries also extended support to the alliance seeking a rollback of the decision. The NC workers held a sit-in outside the J&K Bank headquarters demanding immediate rollback of the decision of the State Administrative Council (SAC). Addressing NC workers, provincial president Nasir Aslam Wani said the…

Read More

Kashmir’s image unscathed post two years of demonetisation, but economy badly hit

Editor

Two years ago, when Narendra Modi-led government at the Centre demonetised 86 percent of currency in one go, acrimonious debates riled the country, except Kashmir. The move was immediately dismissed as a failure. Kashmir remained largely unaffected. When several people died in queues outside banks, where they had been asked to deposit Rs 1000 and 500 notes, there was no such rush in Kashmir. The mooted reaction in Kashmir also deflated the propaganda that the Valley was the hub of hawala and black money. Economist Prof Nisar Ali said empirical…

Read More

Khurshid Ganai inspects damaged orchards in Anantnag, Govt to declare last week’s snowfall as ‘Calamity’

Editor

Khurshid Ganai, Adviser to the Governor, on Thursday inspected orchards damaged in the recent snowfall in Cheniwadder and Khiram areas of Anantnag district of south Kashmir. Many orchardists urged Ganai to order the revenue and horticulture departments to assess losses suffered by them. They also demanded exemption of interest on Kisan Credit Card loans. The Adviser assured them that he would seek all possible help from the higher authorities for early compensation to the affected growers. Ganai was accompanied by Vice Chancellor, SKUAST, Nazir Ahmad Malik; Director, Horticulture, Manzoor Ahmad…

Read More

Kashmir safe for tourists, time for advisories to go: Garry Weare

Editor

Travel advisors against Kashmir by various countries must be revoked in a phased manner because the Valley is one of the safest tourist destinations, internationally-acclaimed adventurer and author Garry Weare has said. Many countries including the United Kingdom, Australia, and the United States have issued travel advisories to its citizens against visiting Kashmir. Most of these countries have barred their nationals from visiting the Valley, particularly Srinagar, and tourists destinations including Gulmarg, Sonamarg, and Pahalgam. However, these advisories have excluded travel to Ladakh by air. “The travel advisories paint Kashmir…

Read More

Apple production may fall in coming years

Editor

Apple production in Kashmir may be adversely hit in coming years in the wake of damage to fruit-bearing trees following recent snowfall in the Valley, officials said on Wednesday. Director horticulture department Kashmir Manzoor Ahmad Qadri said orchards across the Valley have suffered damage due to last week’s snowfall. “It will take us a week’s time to come up with exact quantum of damage and losses,” Qadri told Kashmir Post. But, he said, it is for sure that our production of apples will be “adversely hit” in coming years “due…

Read More