The Union Minister for Agriculture and Farmers Welfare Radha Mohan Singh on Wednesday hailed farming community of Danwantpora and Tangpawa Sagam in Anantnag district for their contribution to promote and produce Mushkbudgi and Kamad scented varieties of rice. The agriculture minister at a ceremony presented Plant Genome Saviour Community Award, citation and momentoes with Rs 10 lakh assistance by the Protection of Plant Varieties and Farmers Rights Authority, Ministry of Agriculture and Farmers Welfare, Government of India for conservation of Mushkbudgi and Kamad scented varieties of rice grown in Danwantpora…
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Business
40 Days since demonetization, no queues outside banks, ATMs
Over a month after demonetisation was announced, Jammu and Kashmir has come out of long queues outside banks and ATMs. States such as Delhi, UP, Punjab and many others are still facing cash crunch even after the 40 days of demonetisation. Queues have vanished outside banks and ATMs. People faced cash crunch initially, but the situation has started coming to normalcy. Sources in banks claim that the Reserve Bank of India (RBI) has special concern for the state, as security agencies didn’t want to take any risk in Kashmir due…
Read MoreHit by unrest, Kashmir entrepreneurs pitch for ‘Business Interruption Insurance’
Federation Chamber of Industries Kashmir Sunday called for introduction of a special indemnity product—Business Interruption Insurance— in Kashmir to cover the losses the local enterprises suffer during untoward situations in Kashmir. The demand has come at the time when the local business community and industrialists are witnessing worst slump due to closure of commercial activities for about five months in the ongoing unrest in Kashmir. President, Federation Chamber of Industries Kashmir, FCIK, Er Mukhtar Yusuf, said the insurance product, once introduced, would relieve the industrialists from the anxiety and they…
Read MoreIslamic banking hits deadlock
No relevance, GoI has introduced Jan Dhan: Union Fin Min Virtually ruling out introduction of Islamic banking, the Finance Ministry today said it has “no relevance” as the Government of India has already introduced a host of financial inclusion schemes like Jan Dhan. The objectives of the financial inclusion for which Islamic banking was explored by RBI has no relevance, as government has already introduced other means of financial inclusion like Jan Dhan Yojana and Suraksha Bima Yojna for all citizens, Minister of State for Finance Santosh Kumar Gangwar said…
Read MoreKashmir in the time of demonetisation; ATMs with Cash, 4-5 people in queues
Consider visiting Kashmir if you are desperate for cash. The ATMs here have currency and the queues at most places are no more than 4-5 people long. Swept by violent protests since the death of Hizbul Mujahideen commander Burhan Wani in July, the Valley at the moment is an unlikely oasis of calm at a time when the rest of India is in the midst of a cash crunch following last month’s demonetisation decision. “There was a rush on the first two days, but everything is normal now. The queues…
Read MorePeace important for tourism revival: Kashmir Economic Forum
Kashmir Economic Forum (KEF) Thursday said peace was important for the revival and promotion of tourism industry in the state especially in the Kashmir Valley. In a statement, KEF said the state government has to play a vital role in sustaining normalcy and peace in Kashmir. “It (the state government) must impress upon the central government to start meaningful talks on regular basis on Kashmir with stakeholders.” The KEF said though Hurriyat statement (in which it had invited tourists to Kashmir) is a welcome step, “only the sustained dialogue process…
Read MoreCenter hails Hurriyat’s call to Tourists, Yatris
My big salute goes to all those who support tourism: Union Minister The Modi government Wednesday hailed the Hurriyat call for tourists and yatris to visit the Valley. Minister of State for Tourism Mahesh Sharma welcomed the initiative. “My big salute goes to all those who support tourism, and yes, we are for it. The vision of our great Prime Minister (Narendra Modi) is to see that the Valley comes back again. We are all prepared to see and ensure that the tourism industry in the Valley flourishes and for…
Read MoreTourism fraternity welcomes Hurriyat’s Statement
Travel trade and hospitality sector has welcomed the statement of the Hurriyat leadership inviting tourists and Yatris from the world to visit Kashmir. The joint separatist leadership on Tuesday invited the tourists and Yatris from the world to visit Kashmir and “enjoy our hospitality and the beauty of paradise on earth.” “From centuries Kashmiris have been safeguarding and providing exemplary hospitality and safety to tourists and Yatris from world including India as we have been taught hospitality, humanity and safeguarding the rights of guests by our great religion,” said a…
Read MorePost Unrest, note ban deals a blow to Tourism Sector
On a revival mode after the five-month unrest in the Kashmir valley, the state’s tourism sector has again suffered a serious blow due to demonetisation with the number of visiting tourists and honeymoon couples witnessing a sharp decline in the state since November 8. The number of Vaishno Devi pilgrims, too, has come down significantly after the ban on Rs 500 and Rs 1,000 old currency notes. To check the declining footfall and encourage tourists, the state Tourism Department and J&K Tourism Development Corporation (JKTDC) have offered significant discounts for…
Read MoreDistressed environment: Kashmir startups facing money crunch
State government’s hindrance to declare Kashmir as ‘riot affected/ disturbed area’ as per RBI’s Reserve Bank of India guidelines to qualify stressed loan accounts for rescheduling has resulted in start-ups, entrepreneurs, businessmen and transporters to face the brunt of financial crunch. Thousands of unrest hit start-ups in Kashmir are in an immediate need of capital for resumption of business activities following five-month long shutdown in Kashmir that halted the commercial activities. While at the same time businessmen and transporters are finding difficult to repay EMIs due to prevailing situation which…
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