Category: Business

Business

AirAsia begins daily flights between Delhi, Srinagar

Editor

Low-cost airline carrier AirAsia started its operations here today with the launch of its morning and evening daily flights between New Delhi and Srinagar. An official statement said the inaugural flight from New Delhi was received by Chief Minister Mehbooba Mufti at Srinagar International Airport at 10 am. Another flight to New Delhi was seen off by the Chief Minister soon after. The airline is also planning to connect Srinagar to many other destinations in the country in coming days. Welcoming the initiative, Mehbooba said the new flights would augur…

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JK to get back two power projects from NHPC: Baig

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‘Pak army created hurdles in peace with India’ Senior PDP leader and MP Muzaffar Hussain Baig Monday said the State will soon get back two power projects from NHPC. “We will soon get back at least two power projects from NHPC. It will make the J&K self sufficient economically and we will also be able to sell power to others besides ending electricity crises in the State,” Baig said while speaking at the PDP office, here during the party meeting. He said they have initiated talks with the Government of…

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Almond cultivation on verge of extinction, courtesy govt apathy

Editor

With every passing year, the almond orchards in south Kashmir’s Pulwama district are being axed for apples as the government has not shown any interest in promotion of almond cultivation. For the past few years, the area under almond trees has declined as swathes of Karewa land, that was deemed to be the best for cultivation, has come under apple cultivation. Horticulture experts maintain their view about the huge scope of dry fruits in the district as Karewas occupy a considerable area here. While comparing almond and apple preferences, the…

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Airfare for Kashmir Sector going through the roof

Editor

For Tuesday – February 7- the highest fare was around Rs 18,577 for a one way travel and lowest fare was Rs 11,508 with overall average of Rs 13,678 price available with different airlines. Airfares soared to new highs on routes connecting Srinagar with other cities as the only surface link with Kashmir continues to remain a non-certainty due to inclement weather. Tickets for flights to Jammu, less than 45 minutes away by air, went up to several thousands of Rupees. One-way-economy class air travel from Jammu to Srinagar costs…

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Transfer of hydel projects to state still a distant dream

Editor

As the PDP-BJP regime will complete two years of government on March 1 this year, one of the main objectives of the Agenda of Alliance — transfer of hydropower projects from the National Hydroelectric Power Corporation — still remains a distant dream. The Jammu and Kashmir Government is still pursuing the matter with New Delhi. The last and only formal meeting with the Union Power Minister over the issue was held on March 16, 2015, giving an indication that the coalition has put the issue on the back-burner. Most of…

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Kashmir remained shut for over 2,000 days in 27 Years

Editor

In the past over two-and-half decades when India was making long strides and expanding its wings in the competitive global market, its crown Kashmir witnessed complete shutdown for a cumulative period of over five years on account of ‘hartal calls’ and ‘bandhs’ sponsored by separatists and terror outfits. A State Police Department report revealed that between January 1990 and December 31, 2016, the Valley has witnessed nearly 2,000 ‘hartals’ (shutdowns) on account of bandh calls, completely jamming the wheels of the economy. In addition to this, approximately 2,500 processions and…

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Snow Carnival beckons tourists at Gulmarg

Editor

Snow cricket and snow cycling are new additions to the snow carnival starting January 22 After a summer of discontent, the stage is all set for the snow carnival in the winter wonderland of Gulmarg. From ice hockey to snow cricket to snow sculpting, Gulmarg is gearing up to welcome domestic and foriegn tourists in the 15-day-long festival starting January 22. Situated at an altitude of 2,650 meters, Gulmarg is famous for its lush green meadows world class peaks which is the biggest draw for the skiers during winter. The…

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State Govt pursuing transfer of power projects from NHPC

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JK government today said the transfer of power projects from National Hydroelectric Power Corporation (NHPC) was an important part of the developmental agenda of BJP-PDP coalition government and the state is actively pursuing the transfer of these projects. In a written reply to the question of Devender Rana of National Conference in Legislative Assembly, Deputy Chief Minister Nirmal Singh, who also holds the power portfolio, said the government is actively pursuing the transfer of power projects. Rana had asked if the government has approached the Centre to transfer Dul Hasti,…

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Nothing to beat unrest blues, rues Kashmir Inc

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The Budget 2017-18 announced by Finance Minister Haseeb Drabu today failed to impress Valley-based businessmen and tourism stakeholders. Kashmir Chamber of Commerce and Industry (KCCI) president Mushtaq Ahmad Wani said there was nothing much for the handicrafts, tourism and horticulture sector. “There is nothing for Kashmir economy’s main sectors like handicrafts, tourism and horticulture. For long, we have been demanding that the tourism sector should get industry sector benefits. However, our demand has not been incorporated in the budget,” said Wani, who is also a hotelier. He said the tourism…

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Pahalgam resort turning into winter tourism destination

Editor

The Tourism Department has started ice climbing inPahalgam to attract tourists and adventure sports lovers. By introducing the adventure sport on a frozen waterfall, the department is aiming to bring Pahalgam on the winter tourism calendar. Gulmarg has mainly remained the hub of winter tourism in the Valley. “Ice climbing is an internationally acclaimed sport. Earlier, this sport was possible only in Ladakh, which remains closed in winter. By holding a camp in Pahalgam that saw a participation of 27 local and national players, we want to make Pahalgam a…

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