Category: Business

Business

KCCI to protest against online portals for marginalising tourism business

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The Kashmir Chamber of Commerce and Industries (KCCI) on Friday said that the trade body would stage a protest against what it said marginalisation of the business of tour operators of Kashmir by Online Travel Portals (OTPs). A statement issued here termed it an “unethical” business way by offering Discounts or Coupons or Vouchers to customers who book Kashmir Packages, particularly Hotel bookings online. “This unethical & illegal practice by these OTP’s have made Tour/Travel operators to suffer badly and if this trend continues, it will render them jobless leading…

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Due to JK Govt’s inability, Himachal runs bus service from Basohli

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After cashing the tourism potential of Ladakh region, Himachal Pradesh government is now making inroads in Jammu and Kashmir through Atal Setu by providing much needed bus service to scenic Bani-Basohli-Sarthal Belt of Kathua district. Sources said that after commissioning of Atal Setu, North India’s first cable stayed bridge connecting three northern states of Jammu and Kashmir, Himachal Pradesh and Punjab, people of Bani- Basohli approached Ministry of Road Transport & Highways, Government of India, and requested for provision of interstate connectivity to Heritage Basohli town. “Acting upon this, Government…

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545 industrial units set up by non-state subjects in JK: Govt

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Amid controversy over new industrial policy in Jammu and Kashmir, the government in a startling revelation on Monday said 545 industrial units have been established in the state including 47 in Kashmir by non-state subjects. This was stated in a written reply by the government to a query by MLC Ajatshatru Singh during the ongoing budget session in the Legislative Council. Singh had sought information about the number of industrial units set up by outsiders in the state.The government in its reply said that 545 industrial units including 47 in…

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Legislative Council rejects resolution on making LoC travel hassle-free

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The Legislative Council on Monday rejected a private member resolution moved by a National Conference lawmaker for converting the LoC trade facilitation centres into modern travel and trade centres and making cross-LoC travel more hassle-free for cultural troupes, students, pilgrims, patients and tourists. While initiating the debate on the resolution, MLC Shenaz Ganai said the House should adopt her resolution for taking steps to convert the LoC trade centres into modern travel and trade centres and allow banking at each centre. She also suggested that there should be a multiple-entry…

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Is Asia’s largest Apple farm in Kashmir? No clue says Govt 5 gardeners look after thousands of kanals

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The state government has no clue if the 2600 Kanal apple producing farm in south Kashmir’s Zainapora village of Shopian is the “largest apple farm in Asia or in the world.” While it is being widely believed in Kashmir that the Horticulture Development farm at Zainapora is the largest in Asia, but officially there is no confirmation about it. “We don’t know about the status of this apple producing farm if it is the largest in Asia or in the world. But in J&K, it is the largest apple farm,”…

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No change in contentious Industrial Policy

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20 % industrial estate land reserved for locals: Govt The state government Wednesday said it will continue to provide land on lease for 90 years to the entrepreneurs under the 2016 Industrial Policy even as it had earlier stated that the policy is being reexamined in view of the apprehensions about the inclusion of non-state subjects. Replying to the cut motions moved by opposition members including National Conference’s Ali Mohammad Sagar and Javed Rana, Industries Minister, Chandra Prakash Ganga said the government has made it clear that the land would…

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First evening flight from Srinagar to take off today

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The much awaited evening flight by any airline will finally take off at Srinagar Airport on Wednesday. Chief Minister Mehbooba Mufti will flag off Srinagar – Delhi GoAir G8-228 flight at 6:40 pm at Srinagar airport. The service is considered as the milestone in the history of civil aviation in the J&K State. The travel trade fraternity has welcomed the step and hoped that other airlines would also follow the suit. “It is the historic day of the State as evening flights will start from Srinagar airport. We have been…

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More cross-LoC crossing points likely to be opened: Chief Minister

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More crossing points are expected to be opened on the Line of Control (LoC) for greater movement of people and goods to and fro Pakistan-occupied Kashmir (PoK) and banking system is likely to be introduced for trade, Jammu and Kashmir Chief Minister Mehbooba Mufti said here on Monday. “The state government has taken up the matter regarding opening of more cross-LoC points with the Centre and I am sure there will be positive movement forward on the issue as serious discussions are on in this regard,” Mehbooba informed the Legislative…

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J&K at loss, as HP emerges ‘main base camp’ for Ladakh tourists

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They said that HP tourism department provides camping experience to travelers at Shimla, Manali and other important towns and facilities of rental bikes for expedition to Leh, while “no such facility is available in Jammu or Srinagar.” Much to the loss of Jammu and Kashmir tourism industry, Himachal Pradesh government, through its vigorous campaign has successfully projected the hilly state as base camp for high-end tourists visiting Ladakh region. Sources said that J&K government seems least interested in attracting the tourist influx through its own highway circuit traversing two regions…

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Jammu & Kashmir ranks low on business reforms

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Jammu and Kashmir has been ranked 29 in the World Bank’s assessment of the state over implementation of business reforms. “It is a fact that the World Bank in its report on assessment of state implementation of business reforms has given a ranking of 29 to Jammu and Kashmir in the country,” said Finance Minister Haseeb Drabu in a written response in the Legislative Council. “However, the World Bank has appreciated the state for steps taken for improving business,” he added. The state government said several factors were responsible for…

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