Category: Business

Business

Travelling to Kashmir is safe: German envoy

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‘Press has a huge responsibility to project right image of Kashmir to public’ German ambassador to India, Martin Ney has reassured German nations and tourists that it is safe to visit Kashmir as he spent two-week summer holidays in the Himalayan region last year. “I feel safe, very safe while coming to Kashmir. I spent my summer holidays privately in Valley. Since I can do this, others can also,” Ney told reporters on the sidelines of reopening ceremony of Dewan-e-Khas at Shalimar Bagh. He was accompanied by Minister for Education,…

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Travel to Kashmir: CM for changing negative perception

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‘Exchange programs will help remove travel advisories on JK’ Interacts with Australian delegation Chief Minister, Mehbooba Mufti Sunday said the interaction between stakeholders at various levels will help change negative perception about travelling to Kashmir. Mehbooba called for greater cultural exchanges, initiatives and assistance programmes to bolster key areas like education, skill development and tourism in the state. The chief minister made these observations during a meeting with a high-level Australian business delegation here this evening. Laying impetus on greater interface between students, entrepreneurs and travel industry of J&K and…

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Rana seeks rollback of Newspaper Advertisement Policy

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Provincial President National Conference, Devender Singh Rana Friday sought immediate review of the revised Advertisement Policy of Jammu and Kashmir Government, saying this is detrimental to the functioning of the fourth estate and will affect the growth of the newspapers both Local and National. “The role of media in democracy cannot be undermined and any attempt to curtail freedom of expression by using advertisement as a tool has potential to boomerang,” Rana said while interacting with a group of media persons that called on him here this evening and sought…

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Dealers harassed, says Mehbooba Mufti to Punjab CM in a letter

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Jammu and Kashmir Chief Minister Mehbooba Mufti on Friday wrote to her Punjab counterpart Parkash Singh Badal, saying mutton traders and importers of the state are being harassed in Punjab and sought his intervention to stop it. Mehbooba said certain persons near Madhopur in Punjab realize substantial amount of money from mutton dealers as special tax for transportation of livestock (sheep/goat), notwithstanding the fact that livestock are procured from neighbouring state of Rajasthan, an official spokesman said. She requested Badal that since the mutton dealers are not getting support from…

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Govt urged to expedite framing of tourism policy

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The Domestic Tour Operators Association of Kashmir today urged the Tourism Department to expedite framing of the tourism policy and said the Tourism Advisory Committee framed by the government should have representation of experienced stakeholders. President of the association Hamid Wangnoo said the policy should focus on promotion of tourism, infrastructure development and address the problems faced by the tourism industry. “Infrastructure should not come up at the cost of environment. Proper road connectivity, electricity, clean drinking water, washrooms at tourism destinations, especially in Srinagar, should be the priority. Construction…

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PDC apathy limits Lower Jhelum’s power generating capacity

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Despite provision for installation of fourth unit at the state-owned Lower Jhelum Hydro-power Project (LJHP) at Gantmulla here, the State Power Development Corporation (PDC) has failed to enhance its electricity generation capacity, resulting in loss of around 1500 lakh units of energy annually. Commissioned in 1977-78, with a generation capacity of 105 MW, the LJHP, according to reports, was designed in such a way that a fourth unit could be added to it to increase its capacity by 35 MW. However, despite passing of nearly four decades, the PDC has…

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Flower growers turn to Mehbooba for support

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Expressing concern over failure of successive state government to help farmers associated with floriculture, the Flower Growers Association today demanded that the state should extend support to cultivators as it could create employment avenues for youth. Association president Tajinder Singh, while welcoming the announcement by Chief Minister Mehbooba Mufti of expanding the commercial floriculture in the state, said it could create employment for thousands of youth and generate revenue worth crores of rupees. Tajinder Singh said the exploring potential of international market should be the aim of the government and…

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Kupwara killings dealt body blow to tourism

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‘Over 1000 bookings cancelled’ Over thousand bookings were cancelled in the wake of the five civilian killings in Kupwara district earlier this month with the tourism industry witnessing 40 percent decline in tourist arrivals, according to the local tour operators. President Travel Agents Society of Kashmir (TASK), Mohammad Ibrahim Siah told Kashmir POST that the civilian killings in Handwara and Kupwara hit the tourism sector badly “as 30 to 40 percent of tourism related businesses was lost due to the cancellation of advanced bookings by the tourists”. “Though the season…

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Cross-LoC trade to get banking back-up

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Government gets RBI nod, takes first step towards ending barter practice The Cabinet today decided to give banking back-up to trade across the Line of Control (LoC) so that the barter system could be abolished. The Department of Industries and Commerce was given the task of preparing a project and submitting it to the Cabinet. The Cabinet meeting was chaired by Chief Minister Mehbooba Mufti at the Civil Secretariat. Addressing a press conference after the Cabinet meeting, Minister for Education Nayeem Akhter said the Government of India had told the…

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JK purchases power for Rs 4600 cr in 2015-16

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The Jammu and Kashmir government has spent a whopping Rs 4600 crore on power purchases from outside in 2015-16 to meet the state’s energy requirements, officials data has revealed. It has also revealed the state has spent Rs 32000 crore on power purchases from outside in the past 12 years (from 2004 to 2016). Officials said the genesis of bulging expenditure on power purchases in Jammu and Kashmir, which has a potential to generate 20,000 MW hydropower, lies in ‘illegal occupation’ of power projects by the National Hydro Power Corporation…

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