Category: Business

Business

Flower growers turn to Mehbooba for support

Editor

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…

Read More

Kupwara killings dealt body blow to tourism

Editor

‘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…

Read More

Cross-LoC trade to get banking back-up

Editor

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…

Read More

JK purchases power for Rs 4600 cr in 2015-16

Editor

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…

Read More

Valley beckons tourists with carnivals

Editor

The government is planning a host of tourism-related activities in the coming months to increase footfalls as the tourist season is about to peak in the Kashmir valley. While tourists enjoyed free pony and anti-terrain vehicle (ATV) rides at Gulmarg yesterday, the government is focusing on keeping tourists engaged in recreational activities so that they leave with good memories. Through such activities, the government is hopeful that the tourists would share pleasant experiences once they go back to their respective places and thus encourage more people to visit Kashmir. “We…

Read More

Kashmir tourism traders to participate in Arab Travel Mart

Editor

The members of Tourist Trade Interest Guild (TTIG) left for Dubai to attend Arab Travel Mart from April 25 – 28 at Dubai International Trade Centre, SZR – Dubai. The TTIG shall also hold a road show on April 26 at Crown Plaza Hotel to showcase the Cultural, Heritage and Adventure Potential of Kashmir and Ladakh, a statement here said. The delegation headed by Akram Khan Siah, chairman TTIG comprises Bashir Karnai, ZahoorKarnai and other members of TTIG. The delegation is also joined by Nasir Shah, chairman Piltof, Ali Muhammad…

Read More

Entrepreneurs to shell out more money for industrial land

Editor

• Land under sick units to go under hammer • Entrepreneur’s performance to determine lease time period • Allotted land with only a chowkidar shed and boundary wall to be treated as vacant The recently released new Industrial Policy – 2016 will ensure budding entrepreneurs get the land allotted for their ventures on first come first serve basis. However, if they don’t show any progress in 2 years time, the land allotted will be revoked. Moreover, the handloom sector which employs more than 3.5 lakh people in the State, will…

Read More

BSNL to improve broadband services in a week: GM

Editor

Facing flak for its poor network and below-standard broadband facilities across Kashmir, the state owned cellular operator Bharat Sanchar Nigam Limited is now taking some ‘baby steps’ to improve its service. Acknowledged by the top officials of the cellular company in Jammu and Kashmir that there are hiccup in the services, complaints about the erratic connectivity and poor broadband have been received from across the Valley during last six months from areas including Shopian, Ganderbal, Kupwara and various localities of the city, including business hub of Balgarden, Karan Nagar and…

Read More

Travel trade fraternity hails Farooq Shah’s appointment as Secretary Tourism

Editor

Travel trade fraternity has hailed Chief Minister Mehbooba Mufti for appointing Farooq A Shah as Secretary Tourism. The tourism fraternity also congratulated Farooq Shah for taking over the reins of tourism in J&K as its Secretary. In a statement, President TASK Mohammad Ibrahim Siah welcomed Farooq Shah’s posting as Secretary Tourism saying his experience has always helped tourism sector. “Tourism is a fragile sector which needs to be headed by an experience person. We believe Farooq Sahab is the right man to protect tourism sector and also promote it nationally…

Read More

Show no laxity in completion of projects : CM

Editor

In her first major review meeting after assuming charge, Chief Minister Mehbooba Mufti today hinted at reorienting the Planning and Development Department so that it was able to professionally handle the preparation of quality DPRs (detailed project reports), the absence of which she said was the real bane of project delays. She vouched for a mechanism where ‘empanelled consultants’ removed technical bottlenecks and fast-tracked the DPR preparation, enabling the executing agencies to deliver the projects on time. “If funds crunch was the problem in the past, nowadays it is the…

Read More