Appalled by ‘callous’ performance of government departments, the Federation Chamber of Industries Kashmir claimed that rollout of Goods and Services Tax (GST) regime has hit Kashmir industry badly resulting in huge employee layoffs and compounding employment crisis in the state. “Industrial sector of Jammu and Kashmir is badly hit by the rollout of GST and the industrial production has almost come to a standstill resulting in the employee layoffs. The situation is very grim and is compounding the problem of unemployment of the state,” reads a communiqué addressed by FCIK…
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Business
Reduce GST on Almond Kernels: CII
A delegation of the Confederation of Indian Industry (CII) on Friday apprised Minister for Finance, Labour and Employment Syed Mohammad Altaf Bukhari about various issues being faced by industries. Bukhari assured the delegation that the government would take steps to ensure a favourable environment for the growth of industries in the state. The delegation urged the government to reduce the goods and services tax (GST) on almond kernels from 12 per cent to 5 per cent. They said after the GST implementation, other similar categories and dried fruits, such as…
Read MoreFlying on Srinagar-New Delhi route is no longer an option for many travelers
The airfare on Srinagar-New Delhi route has gone up so high in the last few weeks that for many it is no longer an option to look at while making their travel plan. Students, sick people, and tourists are instead taking the old way of road travel or are simply cancelling their itineraries. A cursory glance at various travel portals indicated that the one way airfare from Delhi to Srinagar for the month of May is not less than Rs 10,000. While the same went for Rs 5000 a month…
Read MoreSince the beginning of holy Ramadan commodity prices soaring up
Consumers across Kashmir complained on Monday that the prices of food items including vegetables, fruit, chicken and meat in the local markets have risen sharply since the beginning of holy Ramadhan. The consumers accused the authorities of failing to keep a check on the market. As per a public notice, directorate of food, civil supplies and consumer affairs department Kashmir (FCSCA), has fixed Rs 110 per kilogram rate for the broiler, Rs 400/Kg for mutton without offal, for packed milk Rs 38/ kg, loose milk Rs 35/ Kg and egg…
Read MoreRs 4 a litre hike in petrol, diesel prices in offing
A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said. No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) on Monday ended a 19-day hiatus in revising petrol and diesel prices and reverted to the practices of changing rates on a daily basis. Since then petrol price has risen by 69…
Read MoreTourist death could be last nail in Kashmir Tourism Coffin: Industry
The tourism trade in Kashmir condemned the killing, saying that those who had thrown stones at the vehicle in which the tourist was travelling were not well wishers of Kashmir but cold-blooded murders. The fragile tourism industry in Kashmir has taken another blow with the death of a tourist hit by stone-pelters, and the sector fears that the incident may further affect the already falling footfall in the troubled Valley. The killing of the Chennai youth could be the proverbial final nail in the coffin of tourism in Kashmir, Ashfaq…
Read MoreHoteliers from across Kashmir pledge to counter negative publicity
The J&K Hoteliers’ Club held its quarterly extraordinary general meeting here at Vivanta by Taj, where the members passed a resolution to ‘safeguard Kashmir tourism from negative publicity’. “The club passed the resolution to put all its efforts to stop negative publicity by the national media at all forums. It decided to call upon the national print and electronic media heads to safeguard Kashmir tourism from negative publicity,” a statement issued by the club here on Friday said. It said the members of the club, including Gulmarg, Sonamarg, Pahalgam, Kargil…
Read MoreSalman Khan in Kashmir for shooting of Race 3, Meets Mehbooba Mufti
Salman Khan and his Race 3 crew met Jammu and Kashmir chief minister Mehbooba Mufti before they shooting for their film in the valley. Bollywood superstar Salman Khan arrived in Jammu and Kashmir on Monday for a two-day shoot schedule of his upcoming film Race 3. He met the state’s chief minister Mehbooba Mufti and pictures from his visit are flooding the internet. The crew first reached Srinagar where they received a warm welcome from CM Mufti and spent an hour with her. Later, they travelled to Sonamarg and shot…
Read MoreAt Rs 74.40, petrol price hits highest level in BJP rule, diesel at record Rs 65.65
State-owned oil firms, which have been since June last year revising auto fuel prices daily, raised petrol and diesel rates by 19 paisa per litre each in Delhi on Sunday. Petrol price hit on Sunday Rs 74.40 a litre — the highest under the BJP-led government — and diesel rate touched a record high of Rs 65.65, triggering renewed calls for a cut in excise duty to ease burden on consumers. State-owned oil firms, which have been since June last year revising auto fuel prices daily, raised petrol and diesel rates…
Read MoreAfter Bajrangi Bhaijaan, Salman Khan returns to Kashmir after three years; this time for Race 3
Salman Khan‘s Race 3 is one of the most anticipated films of the year and while it is set to release this Eid (June 15), the team is still shooting for the movie. The makers were going to fly down to South Africa for the final schedule, but with a restriction on Salman flying out of the country after his conviction in the blackbuck poaching case, the makers decided to shift the last shoot to Leh, Ladakh. However, we can exclusively tell you that Salman Khan will also shoot for…
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