Category: Business

Business

Khrew truckers’ protest on for over a month

Editor

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…

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Kashmir Inc pins hopes on CM for revival of state economy

Editor

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…

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ERA told to conduct safety audit of flyover projects

Editor

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…

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Jewellers remain on strike

Editor

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…

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Jewellers continue protest

Editor

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…

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Expert panel to help walnut, Kernel sector

Editor

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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Kashmir civil society opposes proposed power tariff hike

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Strongly opposing the Power Development Department’s proposed power tariff hike, a Kashmir-based civil society group has petitioned the State Electricity Regulatory Commission (SERC) and advocated increase in power tariffs for army and other forces’ establishments, also stating that general consumers cannot be burdened for “failure” of the State to reduce the Transmission and Distribution losses. The Kashmir Centre for Social and Development Studies (KCSDS)— in its petition—has expressed concern over the “failure of authorities” to curb and control the “perpetuating and ever-growing T&D losses incurred in power sector which is…

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Steep airfares hit tourism, Kashmir economy: KCCI

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Expressing serious concern over steep hike in airfares, Kashmir Chamber of Commerce and Industry today lashed out at the central and state governments for “failing to prevent loot by airlines.” In a statement, president, KCCI, Mushtaq Ahmad Wani said the steep hike in airfares is a serious concern as it hits Kashmir tourism industry and its economy badly. “The Valley does not have the direct railway connectivity with rest of the country. Jammu-Kashmir highway remains blocked most of the time due to inclement weather during winters. This makes air travel…

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CAPD dept fixes food rates in dhabas

Editor

In a bid to tighten noose around the dhabas which continue to fleece customers by charging exorbitant rates for food items, the Consumer Affairs and Public Distribution (CAPD) Department, Jammu, has revised and fixed the sale rate of both vegetarian and non-vegetarian dishes. The dhaba owners have also been instructed to display the rate list of food items at their business establishments within the municipal limits. Sources said the rates were fixed by the department after reports poured in about alleged fleecing of customers by dhaba owners by charging rates…

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Seasonal mushroom Shajkun sells like hotcakes in north Kashmir

Editor

Shajkun, a seasonal mushroom found in the coniferous forests of Kupwara, Baramulla and Bandipora in March and April months, is selling like hot cakes in north Kashmir. As the weather has improved here, the women folk venture out in the nearby thick forests of Deodar in Kupwara, Lolab, Handwara, Kralpora and Kandi to collect the rare mushroom locally known as Shajkun. According to the locals this mushroom generally grows in the shape of an ear and is rich in protein, iron and calcium. The locals believe this golden colour mushroom…

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