Category: Business

Business

Convention aimed at bringing Kashmir on global tourist map: TAAI President Sunil Kumar

Editor

Buoyed by the support of Jammu and Kashmir government, Travel Agents Association of India (TAAI) on Saturday said that the current convention being held in valley will promote “visibility” of the region on global tourism map. In a press conference, TAAI President Sunil Kumar who was flanked by tourism minister Tasaduq Mufti expressed confidence that the conference will boost tourism in Kashmir. “…We are very confident on behalf of TAAI that once you see this convention concludes successfully the visibility of Kashmir as tourism destination will multiply many times and…

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GST one of the most complex, has second highest tax rate: World Bank report

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GST is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, says the World Bank The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, the World Bank said in a report. India’s GST structure has five…

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Pay & Accounts Office system rolled back to appease ‘Contractor Mafia’

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The government was forced to roll back the Pay and Accounts Office (PAO) system after a strong opposition of contractors and engineers. The PAO system was supposed to simplify the process of government payments. According to this new system, the operational staff of the Finance department would have streamlined the payment system and ensured payments in a specified period. The system was being integrated with Budget Estimation, Allocation and Monitoring System (BEAMS) for better check of budgetary allocation and authorized expenditure. However, after the removal of Haseeb Drabu as the…

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Drabu should come clean on Kashmir remark: JKCC

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Even as the Peoples Democratic Party (PDP) today sacked Haseeb Drabu as a Cabinet minister, the Jammu and Kashmir Coordination Committee (JKCC) said the PDP leader should still come clean on his remark that “Kashmir should not be seen as a political problem.” “Drabu should clarify his stand when he says that Kashmir should not be seen as a conflict zone…he looks to be eying for some higher position by behaving as a new ambassador of New Delhi. This appears to be a failed attempt to hoodwink the international community…

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Free Wifi, other facilities at Tulip Garden this year

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Visitors to Asia’s largest Tulip Garden on the banks of Dal Lake here can enjoy free wi-fi access, in addition to many other new facilities, when the garden opens to public later this month. The Tulip garden will be thrown open to public on March 25. “With the need of staying connected increasing by the day, the floriculture department, in collaboration with the BSNL, is providing free wi-fi connectivity to visitors,” Floriculture Director Mathoora Masoom told PTI. Masoom said several other initiatives have been taken to make the visitors, a…

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Hyacinth terrace, fountain new attractions at Tulip Garden

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Even as Tulip Garden is all set to open its doors to the public later this month, a new hyacinth terrace and fountain channel will be the added attractions at the famed tourist spot this spring season. The garden, which is located in the foothills of the Zabarwan range overlooking the Dal Lake, may also open ahead of schedule with around 1.2 million different flower varieties. “This year’s added attraction will be the new hyacinth terrace having five to six varieties of the flower. Visitors will also see a fountain…

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NHAI awards Rs 939 Cr contract to Ramky Infrastructure for ring road around Srinagar

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The National Highways Authority of India has awarded a Rs 939-crore project for the construction of the proposed Srinagar ring road to Ramky Infrastructure, the government said today. “The NHAI has issued the letter of award for construction of the proposed ring road/ bypass from Galander to Crossing of the Sumbel Road on the Jammu-Srinagar highway (NH-IA),” the Ministry of Road Transport and Highways said in a statement. The 42.10-km project with a cost of Rs 939.41 crore has been awarded to Ramky Infrastructure and would be implemented on engineering,…

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Kashmir Calling: Hoteliers slash rates by 30% across Kashmir Valley

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The hoteliers of the Kashmir valley have announced 30 per cent discount for the intending tourists for the coming spring and summer seasons. A Tourism Department official today said the announcement was made during a seminar organised jointly by the department and the Kashmir Hotel and Restaurant Owners’ Federation (KHAROF) in Kolkata. KHAROF president Abdul Wahid Malik said their body had 600 members and the discount was being offered in an effort to boost tourist arrivals to the Valley. “We are announcing 30 per cent rebate on our tariffs so…

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Despite growing demand J&K exploits just 16% of hydro-power potential: Survey

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Jammu and Kashmir has exploited only about 16 per cent of the estimated 20,000 MW of hydro-power potential even as the energy demand has been growing gradually creating a wider demand-supply gap, the state economic survey 2017 said. The estimated hydro-power potential of Jammu and Kashmir is 20,000 Megawatts (MW), of which about 16,475 MW have been identified. “This comprises 11,283 MW in Chenab basin, 3,084 MW in Jhelum basin, 500 MW in Ravi Basin and 1608 MW in Indus basin. Only 3,263.46 MW, about 20 per cent of the…

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Traders body in Mussoorie asks Kashmiri Traders to leave town

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So far the association has not given the Kashmiris any written notice, only telling them verbally about the deadline. However, Rajat Aggarwal, the association president, said there were no two ways about it, hinting at “communal disharmony”. A LOCAL traders’ body in Mussoorie has asked Kashmiris who sell garments from rented shops in the city to leave. Most of the shops have been rented out to them on an 11-month contract that ends on February 28, after which the Mussoorie Traders & Welfare Association wants the Kashmiris out. So far…

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