Category: Business

Business

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…

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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…

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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…

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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…

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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…

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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…

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Constructions set to become costlier in Kashmir

Editor

Building constructions in Kashmir are set to become costlier, as the government has introduced SRO 105 making quarrying pricier. The government has issued Jammu and Kashmir minor mineral concession, storage, transportation of minerals and prevention of illegal mining rules 2016, vide SRO 105 dated 31.03.2016. As per the rules every mineral concession holder i.e. stone quarry, sand extractors, soil excavator has to obtain various clearances including mining plan, environment clearance, etc., before any type of extraction of building material. The united quarry association in Kashmir has opposed the rules enshrined…

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Vistara commences services to Srinagar

Editor

Kashmir has huge tourist potential: CEO Vistara, a JV of Tata and Singapore Airlines and India’s fastest growing full service carrier, took its inaugural flight to Srinagar from New Delhi’s IGI Airport today at 14.45 hours. Srinagar, the summer capital of Jammu & Kashmir, is one of India’s top tourist destinations which make this an apt addition to Vistara’s route network. Travellers to Srinagar will now be able to enjoy Vistara’s seamless services with direct connectivity to the capital. Vistara’s daily flight schedule on the Delhi-Srinagar-Delhi route is: Speaking on…

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JK performs worst in pvt sector job creation

Editor

In a concern, Jammu and Kashmir figures second least performing state in terms of private sector job creation. The state’s share stands just at 1579 in about nine lakh positions filled across India in quarter 4, 2015-16. According to a survey, ‘State-wise job openings in India in Q4 FY16’ released by Assocham, JK’s share in private sector jobs has been a negligible 0.2 per cent. J&K has figured on number 19, only before Odisha among 20 states surveyed by the industry body. The survey conducted for January to March quarter…

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Don’t name, shame borrowers publicly: CCIK to Banks

Editor

The Associated Chamber of Commerce & Industries- Kashmir (CCIK) is surprised at the recent disclosure of heavy bank defaults and NPAs flying thick and fast in all types of media. It said the alleged amount of defaults runs in thousands and lakhs of crores in which leading banks were the parties. “If allegation of thousands of crores was made against one party, that same one defended it by pointing out defaults of some other party are running in lakhs of crores and why he alone should be maligned.” It said…

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