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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Business
Vistara commences services to Srinagar
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…
Read MoreJK performs worst in pvt sector job creation
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…
Read MoreDon’t name, shame borrowers publicly: CCIK to Banks
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…
Read MoreKhrew truckers’ protest on for over a month
Oppose new truck union, face tough police action Injured persons, damaged houses, deserted roads and hundreds of stranded trucks barely 20 km from the city centre in Srinagar show alleged police brutality against people of Khrew, an industrial area in south Kashmir’s Pulwama district with big cement factories. For over a month, truckers in Khrew, where transportation of cement from both private and government-run factories was the main source of livelihood, had been protesting against private factory owners for allegedly floating a separate truck union, Alkhudam. To transport cement from…
Read MoreKashmir Inc pins hopes on CM for revival of state economy
Congratulating Mehbooba Mufti for becoming Jammu and Kashmir’s first woman chief minister, business community here has pinned all their hopes on new CM for revival of the ‘beleaguered’ economy and bailing out the state from the current financial difficulties. Post 2014 floods, Kashmir is yet to come out from the business losses and economic slowdown. JK in fiscal year 2014-15 witnessed negative growth of more than half percent in its GSDP. The Prime Minister’s package had allocated only Rs 800 crore as relief to provide succor to the flood hit…
Read MoreERA told to conduct safety audit of flyover projects
The Jammu and Kashmir Economic Reconstruction Agency has been told to conduct safety audit of under-construction flyover projects in the state following the recent flyover collapse in Kolkata. “Keeping in view the recent unfortunate flyover accident in Kolkata, the state government has ordered for safety audit of all the under-construction flyover projects in the state, including the two flyovers being constructed by the ERA in Srinagar and Jammu,” Economic Reconstruction Agency (ERA) spokesperson Muhammad Azhar said after a meeting of a four-member team of the Asian Development Bank (ADB), led…
Read MoreJewellers remain on strike
There is no let-up in the ongoing strike by jewelers with the traders saying the strike is causing daily loss of Rs 1.5 crore in Kashmir. Meanwhile, a team of Valley jewellers will leave for New Delhi tomorrow to participate in the protest at the Jantar Mantar. “Our strike entered day 33 today and we will not call it off till our demands are met. Tomorrow, president of the association Bashir Ahmad Rather will lead a team from here to the Jantar Mantar in New Delhi where jewelers and gold…
Read MoreJewellers continue protest
25th-day on Strike KEA demands rollback of act While the Valley jewelers strike against government’s proposal to levy 1 per cent excise duty on gold, entered 25th day on Monday, the association held protests march from Saraf Kadal to Baba demb and were demanding rollback of the act. The jewelers who have pegged their tents in Srinagar city at Saraf Kadal marched towards Khanyar via Baba Demb and were chanting slogans like ‘we want justice’. Led by Kashmir Economic Alliance (KEA) president, Muhammad Yaseen Khan, the protests were holding banners…
Read MoreExpert panel to help walnut, Kernel sector
Governor NN Vohra has directed the Agriculture Production Department to establish a committee of experts to look into all problems being faced by the walnut and kernel sector in the state. The committee will be headed by Prof Nazeer Ahmad, Vice Chancellor, Sher-e-Kashmir University of Agricultural Sciences and Technology, Kashmir, said a Raj Bhawan spokesperson. It will include the Director, Horticulture (Planning and Marketing), J&K; Director, Horticulture, Kashmir; Director, Horticulture, Jammu; Director, Central Institute of Temperate Horticulture, Kashmir; representatives of the industry and any other officer who may require to…
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