Category: Business

Business

Negative media coverage decreased tourist influx to Kashmir: Nazir Gurezi

Editor

Saying that certain media outlets are creating negative perception about Jammu and Kashmir, Deputy Speaker Nazir Gurezi on Wednesday said it has squeezed influx of the tourists to the state. Gurezi was speaking at a conference in Patna which was attended by Speakers and Deputy Speakers from other Indian states and asked them help in clearing the negative perception created by certain media outlets about Kashmir. Maintaining that public representatives have a great role in sustainable development, he requested the speakers and deputy speakers to advise the people of their…

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J&K Bank Hit -Choksi defrauded J&K Bank worth about Rs 152 Cr

Editor

Mehul Choksi, the infamous diamond businessman, who has fled the country along with his nephew Nirav Modi, has also defrauded Jammu and Kashmir Bank of Rs 152 crore, which he had taken in the form of loan from the Bank for ‘Gitanjali Gems’. Confirming this to the Kashmir Post, official sources said Jammu and Kashmir Bank’s Fort branch had sanctioned loan of Rs 121 crore to Mehul Choksi for his diamond showroom ‘Gitanjali Gems’ in Mumbai in the year 2012. However, Choksi, Chairman and Managing Director of Gitanjali Gems turned…

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Soon, Walk amid Snow Leopards and Himalayan Bears at Kashmir’s first Zoo in Pahalgam Valley

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There is good news for animal lovers. Kashmir’s maiden zoo in the stunning Pahalgam valley will be a reality in few years. The zoo, spread over 47 hectares, will initially have over 20 species for display and will be set up at a cost of Rs 100 crore. It will house native species like the leopard, Himalayan black and brown bears, spotted deer, musk deer, Hangul – the Kashmiri stag – and the goat antelope species of Serow, Goral, Markhor. Grey Langoors, leopard cat and even the prized snow leopard…

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Efforts on to make tourism main engine of state’s economic growth: J&K Govt

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The Jammu and Kashmir government has adopted a multipronged strategy to harness the tourism potential of the state and make the sector the principle engine of its economic growth, Tourism Minister Tassaduq Mufti said. The minister, who visited Poonch yesterday to explore the possibilities of developing tourism infrastructure in the district, “A multipronged strategy has been adopted to harness the tourism potential and position Jammu and Kashmir as the leading global tourist destination.” “The idea is to make the tourism sector as the principle engine of the state’s economic growth,”…

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Walnut trade register drastic dip in prices

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The walnut farmers and traders in Kashmir are worried about the decline in prices of Kashmiri walnut due to large imports from California and Chile. According to traders, Rs 800 crore industry is in deep crisis with prices falling drastically due to large imports of California and Chile produced walnuts. “Kashmiri walnuts producers and traders are suffering badly and Centre and state governments are watching as mute spectators. Walnuts grown in Kashmir particularly Anantnag, Shopian, Pulwama, Kupwara, Baramulla and Bandipora are purely organic, as no fertilizer or pesticide was used…

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Hamulla: The Bat manufacturing village of Kashmir

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Like in the Kashmir Valley, Sopore town and Pampore town are famous for the production of apples and saffron respectively. Similarly, in Anantnag district of south Kashmir, village identified as Halmulla Sangam, recognizes its identity for manufacturing cricket bats. The vital part of the Halmulla Sangam is that this entire village consisting of around 100 families is associated with cricket bat making business. Most of the families are those who have been associated with the cricket bat making industry for the last 40 years. People associated with this business said…

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Kashmir is the safest place, say women travelers

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From joy rides on snow scooters to shopping in a floating market in the scenic Dal Lake, Kashmir has it all to make it ‘the safest place and a shopping paradise’, according to a group of women travelers from Hyderabad, who are out on an expedition to Jammu and Kashmir. Keeping aside the insecurities arising after continuous violence in the state, the women travelers visited Srinagar, including Gulmarg and Pahalgam. “I have been here and knew all the media stories on Kashmir are overplayed which creates fear among travelers,” Rashida…

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AAI Serves termination notice to local shopkeepers at Srinagar airport, Owners protest, Allege bias

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Shopkeepers at the Srinagar airport today staged a protest here after they were asked to vacate the premises by the authorities. The protesters, who gathered at the Press Enclave, alleged that there were being discriminated against as a large number of shopkeepers and salesmen would be rendered jobless. “Some time ago, a tender was floated for leasing out the entire space at the airport to a master concessionaire, who would in turn run it as per his convenience. The qualification for tendering were fixed in such a way that hardly…

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Budget 2018 – Key Highlights

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* Arun Jaitley says that the government does not propose any changes in tax slabs this year. * FM proposes a fiscal deficit of 3.3% of GDP for 2018-19. * Finance Minister Arun Jaitley proposes revising emoluments as per the following structure: — Rs 5 lakh for the President of India — Rs 4 lakh for the Vice President — Rs 3.5 lakh for the Governors * Jaitley also proposes automatic revision of emoluments of Parliamentarians every five years, indexed to inflation. * We have already exceeded our disinvestment target,…

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KCCI objects to proposed land transfer to police dept

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Kashmir Chamber of Commerce and Industry (KCCI) president Javid Ahmad Tenga has expressed resentment over the proposed transfer of HMT Watch Factory industrial land to the police department. “It is unfortunate that the state government is contemplating to transfer industrial land retrieved from the HMT Watch Factory, Zainakot, to the police department for a housing colony,” Tenga said in a statement. “The KCCI had recommended that the chunk of land along with infrastructure created by the erstwhile HMT factory be converted into a gem and jewellery park. The proposal has…

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