Category: Business

Business

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

Editor

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…

Read More

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

Editor

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…

Read More

Indian news channels hell-bent to destroy Kashmir Tourism Industry

Editor

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…

Read More

JK to promote golf to attract tourists

Editor

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…

Read More

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…

Read More

Mobile Internet services restored in Valley after six days

Editor

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…

Read More

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

Editor

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…

Read More

National highway opens, closed again; 750 vehicles allowed to pass

Editor

The Jammu-Srinagar national highway was opened for a few hours this morning, allowing the movement of stranded vehicles, a traffic police officer said. More than 750 vehicles left Jammu for the Kashmir valley till 11 am today, the officer said. “No vehicle was allowed to move to Srinagar after that,” he added. The highway was closed in view of apprehensions of trouble after Hizbul Mujahideen commander Sabzar Ahmed Bhat’s killing in an encounter with security forces in the Tral area of Pulwama on Saturday. The fears were compounded by Kashmir…

Read More

‘Negative Publicity’ mars Kashmir Tourism

Editor

Negative publicity by electronic media’ coupled with prevailing situation here has put the Kashmir’s tourism sector in dire-straits, with tourist arrivals to the state witnessing 50 percent decline resulting in huge business losses to the people associated with it. As per rough estimates of the tourism department, the tourist arrivals to Kashmir have declined more than 50 percent than a year ago. The figures show that during the month of April this year around 67,000 tourists visited Kashmir, which is less than 50 percent of 1,42,761 tourists, who visited Kashmir…

Read More

Jammu-Srinagar highway closure enters 3rd day, fruit traders submit memorandum to IGP

Editor

As the Jammu-Srinagar Highway closure entered third day three on Tuesday and goods worth crores of rupees remained stranded on this vital road, Kashmir-based fruit growers and dealers shot across a letter to IGP Kashmir Munir Khan urging him to allow movement of traffic immediately so that rhw perishable goods didn’t rot on way. Speaking to Kashmir Post, president, New Kashmir Fruit Association, Parimpora Fruit Mandi, Bashir Ahmad Basheer said more than 150 truckloads carrying fruits, vegetables and dates are stranded on the highway since Sunday evening. Basheer said, in…

Read More