After nearly two decades, the PDP-BJP government is finally handing over the construction of the 93 MW New Ganderbal power project on the left bank of the Sindh in central Kashmir to a private firm —- Hindustan Construction Company (HCC). The decision to handover the construction of the hydropower project to HCC will be taken in the Cabinet meeting likely to be held in the third week of this month. Chief Minister Mehbooba Mufti has directed the officials concerned to keep the construction of the power project in the Cabinet…
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Business
Kashmir Trade Federation vouched for Once-For-All settlement of Kashmir Issue
Kashmir trade on Wednesday vouched for once-for-all settlement of Kashmir Issue in a meet with a five-member group from New Delhi led by right wing BJP veteran Yashwant Sinha. Former Union Foreign Minister Sinha landed in Srinagar on Tuesday and held closed door meetings with Hurriyat patriarch Syed Ali Geelani and Mirwaiz Umar Farooq the same day. However, Sinha asserted he and his colleagues do not represent government of India confirmed by a top Union Home Ministry official and a spokesperson of BJP. They are a three-day visit to Kashmir. On…
Read MoreShutdown of services across Valley costs companies nearly Rs5 crore per day
The telecom sector in Kashmir has repeatedly been ordered to shut services during the past four years. It suffered the most crippling closure during the ongoing unrest, which significantly impacted its revenue. The latest shutdown of telecom services in the Kashmir valley was ordered by the state government on July 8 immediately after the encounter of militant commander Burhan Wani. Even though most of the services had been restored, mobile Internet services continued to remain shut for the past 108 days. Jammu and Kashmir has a subscriber base of approximately…
Read MoreTransport sector in dire straits; 1.15 lakh vehicles grounded since last 108 Days
Transport sector in Kashmir is in dire straits as the unrest has left over 1.15 lakh vehicles grounded with stakeholders (owners, drivers and conductors) finding it hard to eke out livelihood. Although every sector of Kashmir economy has suffered in the ongoing unrest, transport and tourism are the worst hit. The passenger transport could not operate even during relaxations in the shutdowns by the resistance camp. As per figures dished out by the joint conglomerate of transporters – Kashmir Transport Welfare Association- there are around 1.15 lakh passenger and commercial…
Read MoreLocal cement industry in distress; outside companies enjoy windfall amid Unrest in Kashmir
In the wake of ongoing unrest in Kashmir, the local cement industry here has suffered an estimated Rs 300 crore loss, while the outside cement manufacturers are reaping dividends in the Valley. Prior to unrest, the local production—both in private and public sector— would suffice the demand. However, the closure of the units due to the shutdown from July 9 has made Valley dependent on imports. According to sources Kashmir gets cement, mostly of “substandard” quality, from the outside in the wake of closure of the local units here, which…
Read MorePatnitop tourism takes a beating due to Kashmir Turmoil
The ongoing unrest in the Valley has spoiled the tourism at Patnitop and affected the livelihood of the government (JK Tourism Development Corporation and Tourism Department) and private hoteliers besides all those dependent on the allied services. With peak tourist season already over, the autumn setting in and school or college exams round the corner, Patnitop wears a deserted look even on Sundays as no local tourist was seen here on Sunday. According to the Manager, JKTDC, Patnitop, Karam Chand Bhardwaj, since June 10 the occupancy rate in the JKTDC…
Read MoreBatamaloo General Bus Stand to be developed as Central Bus Stand
The Divisional Commissioner Kashmir, Baseer Ahmad Khan, today visited General Bus Stand Batmaloo, which is planned to be upgraded on modern lines as Central Bus Stand. Deputy Commissioner Srinagar Farooq Ahmad Lone, VC SDA Tahseen Mustafa, IG Traffic Showkat Ahmad Wattali and other senior officers of the district administration accompanied the Divisional Commissioner. It was informed that the Batamaloo Bus Stand will be shifted to Parimpora and land for the same has already been identified The VC SDA briefed the Divisional Commissioner about the features of proposed site plan for…
Read MoreTourism lost Rs 4,000 cr to 2016 Kashmir Unrest
Stakeholders in a fix due to continuous shutdowns As the tourist arrivals to Kashmir have trickled down drastically in the wake of ongoing unrest, the local tourism industry is believed to have suffered a massive Rs 4,000 crore loss. Prior to July 8, the tourism industry was upbeat over “good number of arrivals” they were recording after suffering huge losses due to 2014 deluge and flood scare in 2015. However, the mass uprising in Kashmir in the wake of killing of Hizb commander Burhan Wani and followed by civilian killings,…
Read MoreJawahar Tunnel to remain open round the clock: IGP
The government has decided to keep both tubes of Jawahar Tunnel on the Jammu – Srinagar national highway open round the clock from today to facilitate the passengers, essential supplies and transportation of fruits. According to the Inspector General of Police (IGP), Traffic, J&K, the zonal IGPs of Kashmir and Jammu have been asked to direct the SSPs and SPs concerned to make all requisite arrangements for safe traffic movement in their respective jurisdictions, besides providing necessary police assistance to the Traffic Police personnel for strict implementation of the above…
Read MoreChenani-Nashri tunnel to be thrown open in November
The Chenani-Nashri tunnel, the passageway connecting Udhampur district with Ramban district on Jammu-Srinagar highway, is likely to be thrown open by the end of November or in first week of December this year. Officials informed Kashmir Post that most of the civil works on India’s longest road tunnel has been completed and leftover work will the finished till end of this month. “98 percent civil work including construction of 9 kilometer tunnel and its approach road has been completed while the installation of equipments and gadgets like sound diffusers, ventilators,…
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