Newspapers published in the Kashmir valley are struggling to survive and remain in business as they are facing an acute financial crisis with their advertisement revenues dried up due to unrest and a shutdown since early July,. Hit hard by decreasing advertising revenue, an English language daily, ‘Kashmir Observer’, has decided to go digital with a multimedia edition and widen its reach in the virtual world. Its editor, Sajad Hyder, told IANS: “As Kashmir battles another bout of unrest, now in its fifth month, media houses in the valley are…
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Business
Airlines (Pvt) fleece customers, cancel flights at 11th hour
The private Airlines at Srinagar International Airport are fleecing customers by cancelling the already booked tickets at the eleventh hour. People travelling from Kashmir to Delhi say that they are facing immense problems as the Airlines are cancelling the flights without assigning any reason and have also increased the fares on their own. The travelers especially students and patients visiting or returning from Delhi said that the Airlines which include Indigo, Airindia, Vista, and Jet Airlines are cancelling the flights without any prior communication to them. “We had already booked…
Read MoreAs mercury plunges across valley sale of Kangris, woolen clothing picking up
The sales of kangris and woolen clothes have picked up in Valley as Kashmir is witnessing intense cold these days. On Sunday, the November 27th, for the whole day people were seen purchasing warm clothing and kangris in the markets to fight the cold spell continuing in the Valley from the past few weeks. A customer Hilal from Pampore said, “I prefer to buy warm clothes at Sunday market Srinagar. In the past, every month I shop here.” “But, due to the prevailing condition in the valley, I came here…
Read MoreGovt indifferent to flight disruptions in Srinagar
IAF plays ‘spoilsport’ as ILS in place for past 4 decades Chief Minister Mehbooba Mufti had last year expressed displeasure over the frequent flight disruptions at the Srinagar Airport due to poor visibility but this year, the government-headed by her seems indifferent to the plight of passengers. “Despite having been declared an International Airport almost a decade back, the technical facilities at Srinagar aerodrome continue to be outdated impeding the air traffic to and from Kashmir especially during the winters,” Mehbooba said last year on November 25 when air traffic…
Read MoreValley isn’t hurting much from demonetization, why?
Defying the nationwide trend, people in the Kashmir valley are queuing outside ATMs and banks. Rs 500 and Rs 1,000 notes are still widely used, and are likely to remain in circulation until the deadline of 30 December. India was thrown into chaos on 8 November after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 currency notes. The cash crunch made it difficult for people to buy even essential items such as milk, vegetables, fruits and grocery. Surprisingly, however, life went on as usual in…
Read MoreLow visibility hits air traffic in Valley for fifth day
The air traffic to and from the Kashmir valley remained disrupted for the fifth consecutive day today as low visibility forced the cancellation of 40 flights scheduled to arrive and depart from the region’s only airport here. The visibility at the airport today was around 600 m, which was 700 m less than the 1.3 km visibility required for safe landings of passenger planes, said Sharad Kumar, Director of the Srinagar International Airport. He said the visibility on Monday was “worse” than the previous days. The airport official said 20…
Read MoreKashmir unaffected by demonetisation: No queues at Banks, ATMs
As there is chaos and turmoil in other parts of country due to demonetisation of Rs 500 and 1000 currency notes, people in Kashmir have remained mostly unaffected and no long queues are being witnessed at banks or at ATMs. People in Kashmir are exchanging the old notes at bank branches with ease and without having to face any inconvenience. Besides, there are also no long queues at ATMs to withdraw money. “I had to wait for 5-10 minutes in a queue in a branch of J&K Bank at Lal…
Read MoreDemonetization deflates claims of black money, hawala in Kashmir
Demonetisation of high value currency notes has proved wrong the claims made by some sections that Kashmir was a haven for black money and hawala transactions. For, if any place in India has remained calm in the wake of scrapping of Rs 500 and 1000 notes by Government of India, it is Kashmir. While in rest of India at least 17 deaths have been reported in last 8 days in connection with demonetisation, everything is going on smoothly in Kashmir. These persons died either while waiting in long queues outside…
Read MoreAlert ! Fake cement sold across Kashmir Valley
Closure of Kashmir-based manufacturing units over months has provided an opportunity to unscrupulous elements to pump “fake and substandard” cement in the Valley putting question mark over the role of enforcement agencies here. Sources informed Kashmir Post that unscrupulous elements from other region of state are manufacturing “fake and substandard cement” and then importing it to Kashmir by packaging and presenting cement as products of national companies. “There is lot of complaints in the market about the quality of cement which is being sold these days,” said a senior Consumer…
Read MoreNo stressed loans to be waived off, EMI rescheduling being looked into: JKB Chairman
With bank loans amounting to around Rs 5,000 crore turning ‘stressed loans’ due to ongoing unrest and stopping of economic activities, financial experts and stakeholders here have stressed upon the JK government to take up the matter with the central government in order to safeguard interests of both banks and borrowers. As per bank officials, there are around 2 lakh account holders who have failed to pay equated monthly installments (EMIs) for over three months, putting them under stressed assets category. Sources informed Kashmir Post, that the banks in J&K…
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