Category: Business

Business

Most unexplored destinations in the Kashmir Valley

Editor

The mercury is rising everyday. Here are a few offbeat places in Kashmir you can escape to. Kashmir. For years this part of the country has been referred to as ‘Heaven on Earth.’ And the moment we hear the name, we are quick to picturise Srinagar’s Dal Lake, Pahalgam, Gulmarg, Shankaracharya Temple and some of the other common destinations within the state of Jammu and Kashmir. But the real beauty of this valley lies in its unexplored and offbeat destinations. Hidden deep within the depths of the alpine mountains, these…

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Soft drinks lose fizz as MRP goes up

Editor

Most of the wholesalers, vendors, provisional store owners and small-time shopkeepers selling soft drinks of various brands have stopped purchasing them due to a steep hike in the maximum retail price (MRP). There has been nearly 20 to 30 per cent rise in the MRP of all the branded soft drinks which has made them “un-affordable”, they said. Marketing manager Amit Kumar of Jai Beverages Pvt Ltd, Bari Brahmana, Jammu, said the hike was a part of the company’s strategy. The company’s plans relating to distribution, cost-effectiveness of the products…

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Measures to improve tourism underway: Nirmal Singh

Editor

Deputy Chief Minister Nirmal Singh today said the Bani Basohli areas of Kathua possessed huge potential for tourism and adventure sports and steps were being taken to bring the area on the tourist map. He was laying the foundation of a tourist hut at Kranwara area in Kathua district here today. Measures are underway to upgrade the existing infrastructure and create new assets to provide good facilities to tourists visiting these areas, he said. Singh also added that a community hall would be constructed in Kranwara with all modern facilities.…

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Kashmir Economic Alliance fears Amarnath-like agitation

Editor

Stating that “unending conspiracies” are being hatched to allot the land in Jammu and Kashmir to outsiders, the Kashmir Economic Alliance, Chairman Haji Muhammad Yasin Khan cautioned the government that such developments could drag the state towards another Amarnath land like agitation. In a statement, Khan who also heads the Kashmir Traders and Manufacturers’ Federation said a connected series of events suggest that “some forces within the government were hell bent to create an atmosphere of unrest in Kashmir.” Stating that the timing of such “conspiracies” seems to be a…

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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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