Category: Business

Business

NC leaders call on Guv, seek APM on GST

Editor

The National Conference (NC) has urged the Governor to advise the state government to call an all-party meeting to have an extensive discussion on various aspects of the Goods and Services Tax (GST) being rolled out in the country from July 1. The delegation, led by former Chief Minister Omar Abdullah, conveyed to the Governor that an all-party meeting would allay the fears and concerns of various stakeholders and put the entire concept in public domain for an open debate. The delegation apprised the Governor of their concerns relating to…

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Valley traders seek debate on new tax regime

Editor

Despite assurance from the government that the Goods and Services Tax (GST) will not impact J&K’s special status, the Kashmir valley’s business community and tourism players are seeking a thorough debate before the new tax regime gets implemented. Besides debating the ramifications of the act over the state’s own financial authority, businessmen want to know the fate of the special tax concessions enjoyed by J&K on account of being a tourist destination. “We have been getting special benefits such as exemption of service tax for the hotel industry. VAT, too,…

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2 lakh devotees secure Amarnath yatra registration for 2017

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Nearly two lakh pilgrims have secured advance registration through the designated bank branches, group registration facility and booking of helicopter tickets for this year’s annual Amarnath yatra beginning from June 29. This information was given to Governor NN Vohra, Chairman of the Shri Amarnathji Shrine Board (SASB), by Umang Narula, Chief Executive Officer (CEO) of the shrine board, at a review meeting here today. The registration of pilgrims is being provided from March 1 this year through 437 designated branches of Punjab National Bank, J&K Bank and YES Bank, located…

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GST from July 1, no impact on Article 370: Finance Minister

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The state is all set to roll out the new goods and services tax (GST) from July 1, as the J&K Cabinet has approved the draft to be passed in the special Assembly session being held from June 17 in Srinagar. This was announced by Finance Minister Haseeb A Drabu at a press conference after the Cabinet meeting held under the chairmanship of Chief Minister Mehbooba Mufti here today. The state Legislative Assembly would discuss the extension of the 101st Amendment to the Constitution to J&K. The extension had three…

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NIA raids, ‘Fake Reporting’ aimed to crush Kashmir Economy: KEA

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Chairman, Kashmir Economic Alliance, Muhammad Yasin Khan today alleged that the NIA raids on business houses in Kashmir and “fake reporting” by some New Delhi based channels point to “a conspiracy aimed to crush Kashmir economy.” Khan in a statement said, “After wounding the people of Kashmir through human rights abuses, the government wants the economic activities to bleed and it was because of this that some businessmen have either been raided or their names have been falsely reported by a section of media”. “Kashmir Inc is being systematically dragged…

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Indian news channels hell-bent to destroy Kashmir Tourism Industry

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Valley based tourism players on Monday appealed people to boycott watching Indian news channels which they claimed have been ‘portraying’ Kashmir affairs in negative way under a well planned manner to crush its economy. Addressing a press conference at a local hotel here, people associated with Kashmir tourism industry alleged that some selected Indian news channels are hell-bent on crushing state economy by portraying Kashmir in negative way in their news debates from dawn to dusk. Taking a jibe at the central government for supporting what they termed pseudo-nationalist news…

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JK to promote golf to attract tourists

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To attract tourists, CMMehbooba Mufti has called for promoting golf in the state as an important component of state’s tourism policy. Saying golf attracted the high-end tourists, she directed the department concerned to make efforts to promote golf in the state. The CM said this while chairing the governing body meetings of Royal Springs Golf Course, Srinagar, and Tawi Golf Course, Sidhra, here on Saturday. She said the golf courses in the state should be promoted by setting up stalls at various golfing venues across the country. As an additional…

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Sabzar Bhat’s killing hits tourism industry

Editor

The tourist arrivals to Kashmir have taken hit after the killing of Hizb commander Sabzar Ahmad Bhat in an encounter on May 27. The months of May and June are considered to be the peak tourist season in Kashmir. The tourist arrivals had started to pick up and the service providers were hopping earning returns this year. However, the May 27 killing of Sabzar has again put dampener in the tourism activity. Secretary General Travel Agents Association of Kashmir Farooq Ahmed Kuthoo said there is a drastic change in tourists…

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Mobile Internet services restored in Valley after six days

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Mobile Internet services were restored tonight in the Kashmir valley, six days after these were snapped in the wake of protests following killing of Hizbul Mujahideen commander Sabzar Bhat. Mobile Internet services were restored tonight in the Kashmir valley, six days after these were snapped in the wake of protests following killing of Hizbul Mujahideen commander Sabzar Bhat. “The mobile network services have been restored across all connections and operators in the Valley,” an official said. The services were restored in view of the improvement in the situation, the official…

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No option but to adhere to govt order, say cellular operators: Internet Ban

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Even as the mobile internet ban continues in Kashmir affecting day-to-day life, an amalgamation of GSM telecom operators who are also operating in J&K said on Thursday that they are bound to follow such government implemented bans. Speaking to Kashmir Post on phone, Director General, Cellular Operators Association of India (COAI), Rajjan Matthews said despite suffering huge losses due to the ban, terms and conditions of the licenses issued to telecom companies by the Government of India makes it imminent for the operators to adhere with any sort of communication…

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