Category: Business

Business

Airlines drop fares to lure flyers

Editor

June-Sept is usually a lean season as schools and colleges reopen; carriers give discounts to keep their loads high No frills airlines have slashed fares in advance purchase offers to lure flyers and push up sales. SpiceJet is offering one way fares from upwards of Rs 511 and Rs 2111 (excluding taxes) on domestic routes and international routes respectively in a three day anniversary sale till Thursday while AirAsia is giving 50 per cent off on return flights booked till Wednesday. IndiGo too has dropped one way fares to little…

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Petrol, diesel prices hiked second time this month

Editor

Petrol price was hiked by 83 paisa a litre and diesel by Rs 1.26 per litre on Monday, the second increase in rates this month. Petrol in Delhi will cost Rs 63.02 per litre from midnight, while a litre of diesel will cost Rs 51.67, said Indian Oil Corporation (IOC), the nation’s largest fuel retailer. Rates were last hiked by Rs 1.06 a litre on petrol and Rs 2.94 a litre on diesel on May 1. “The current level of international product prices of petrol and diesel and the rupee-US…

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KCCI says regime ignored warning about industrial policy

Editor

The Kashmir Chamber of Commerce and Industry (KCCI) said that it had cautioned the puppet regime about the ill-consequences of the Industrial Policy-2016 when it was being drafted. The KCCI President, Mustaq A Wani addressing a special meeting of the body in Srinagar deplored that the administration ignored its advice and went ahead with the policy. He said that the authorities were in haste to implement the policy, which could prove detrimental to the peace and stability of the territory. He expressed regret at the attitude displayed by the administration…

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‘I am not a terrorist’ movie being shot in Sonamarg

Editor

“I am not a terrorist,” shouted Muhammad Afiq Muiz, a Malaysian actor clad in traditional Kashmiri attire at his Bollywood counterpart Rahul Dev on a mountain in the backdrop of Thajiwas glacier in this scenic tourist resort. As the duo intensely glared at each other, the silence was broken by thundering applause by the crew with onlookers yelling “excellent shot.” The scene was part of maiden Malaysian feature film ‘I am not a terrorist’ being shot in Sonamarg. Amidst heavy rains, the crew including noted Bollywood actor Gulshan Grover, who…

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Kashmir ranked second most romantic destination in the World

Editor

The season of romance is back in Kashmir and that too quite literally. Leading travel magazine Lonely Planet has ranked the state as the best romantic destination in India. Known as the paradise on Earth, Kashmir has been ranked as the world’s second most romantic destination, only next to Switzerland. Tourists visiting the Valley say it’s this romance in the air that brings them back here. The perceptions of unrest in Kashmir hasn’t stopped tourists booking Shikara boats to cruise Srinagar’s Dal lake – a picture postcard of romance. Efforts…

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New Industrial Policy opens gates for non-state subjects in JK

Editor

The new Industrial Policy for Jammu and Kashmir allows non-state subjects to get on lease the land for setting up industries outside the industrial estates in the state with the policy remaining silent on the upper ceiling of the land to be leased out. Officials said this was for the first time that the Government would be allowing the non-state subjects to set up industries at large scale outside the estates in the state with maximum land lease period fixed at 90 years. The move to lease the proprietary/state land…

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I have special connect with Valley, learnt swimming at Dal Lake: Tom

Editor

Veteran Bollywood actor Tom Alter turned nostalgic when he came to shoot in the Valley after 32 years. He had last shot in Kashmir in 1984 for Raj Kapoor’s “Ram Teri Ganga Maili”. “I have been coming to Kashmir for the past 60 years. I have a special connection with the Valley, I even learnt swimming in the Dal Lake. I come with a message of love and I leave with a message of love,” Alter told reporters here today after completing his shoot for “Sargoshiyan” at Gulmarg in north…

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Evening flight services to capital from June

Editor

Budget carrier GoAir will launch a daily evening flight service connecting Srinagar to the national Capital from next month as part of its network expansion plans. The proposed flight, scheduled to commence from June 15, will make GoAir the only carrier to have evening services to and from Srinagar. “Effective from June 15, the GoAir flight G8 229 will take off from Delhi at 4:50 pm and arrive in Srinagar at 6:10 pm while the return flight G8 228 will take off from Srinagar at 6:40 pm and arrive in…

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48 Day long Amarnath Yatra to begin on July 2

Editor

The annual Amarnarh Yatra to the Himalayan Hindu cave shrine in Jammu and Kashmir will begin on July 2 and conclude on August 24, it was announced here on Monday. The schedule and arrangements for this year’s pilgrimage were discussed in a meeting, chaired by Governor NN Vohra, who is also the chairman of Shri Amarnathji Shrine Board (SASB) at the Raj Bhavan here on Monday. Announcing the schedule after the meeting, SASB CEO PK Tripathi said that 7,500 yatris per day are permitted to undertake the yatra along each…

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NHPC ‘blocks’ JK’s first wind farm project

Editor

The J&K government’s plans to set up its maiden wind-power project have hit a roadblock, with the National Hydroelectric Power Corporation (NHPC) claiming ownership of the land identified for the project near the Corporation’s Salal hydropower scheme in Jammu, sources said on Sunday. The State Government had approved the proposal to set up the wind farm under a centrally-sponsored scheme in 2012 and after a detailed survey, a place in Bidda village of Reasi district near 690-MW Salal project was found most feasible for setting up the project—the first of…

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