Category: Business

Business

Kashmir business chambers condemn Udhampur truck attack, demand action

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Jammu and Kashmir’s top business chambers on Monday condemned the Udhampur truck attack and vowed to thwart “conspiracies against communal harmony” to safeguard the state’s unique identity. The Kashmir Chamber of Commerce and Industry (KCCI) and Jammu Chamber of Commerce and Industry (JCCI) at a joint press conference here condemned the petrol bomb attack on a valley-bound truck at Udhampur in Jammu province and asked government to punish the culprits of the incident. The two apex business organizations termed the attack as “politically motivated” and said it can have serious…

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Kashmir Inc threatens to boycott Jammu-based trucks

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KEA warned business community from Jammu to decide whether they wanted to continue trade with Kashmiris or not. Kashmir Economic Alliance (KEA) Monday accused Bharatiya Janata Party (BJP) of plotting against Kashmiris by allowing the RSS to block and damage Kashmir-bound trucks. Addressing a press conference here, KEA Chairman Showkat M Chowdhary said Muslims in India were being threatened since BJP took over. “Not only Kashmiris but Muslims in India are not safe now. BJP is plotting against Kashmirs by allowing vested interested people to block supplies to Kashmir on Srinagar-Jammu…

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Traditional art, craft suffering, says Najma

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Union Minister for Minority Affairs Najma Heptullah today said traditional art and craft forms of Kashmir, for which the Valley was known, were suffering as the younger generation was not ready to adopt these as their profession. Talking to mediapersons after a review meeting on minority affairs schemes in northern states this morning, she said there were some problems in marketing and the reasons were being looked into. “We are looking into the reasons why the youth are getting back to traditional art,” she said. She held that efforts were…

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Conflict major setback to Kashmir economy: Experts

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57th ISLE Annual Conference An expert team of economists from different states of India today said the ongoing conflict in Kashmir has deterred the development of state. Experts were addressing a press conference on 57th annual conference of ‘The Indian Society of Labor Economics’ (ISLE) here at Sheri-i- Kashmir University of Agriculture Science and Technology (SKAUST). Professor Ravi Shankar Srivastava professor of economics Jawaharlal Nehru University Delhi said where there is a conflict people are severely affected so is the development of the place affected. “Economics of Kashmir is an…

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‘Attack on truckers in Kashmir conspiracy to crush economy’

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The business community has said that the RSS-backed PDP-led puppet administration to inflict miseries on people of Kashmir by crushing them economically. Representatives of various business chambers and trader associations, addressing a joint press conference in Srinagar threatened to launch massive agitations similar to that of 2008 and 2010 against the anti-people policies of the puppet regime.The traders stated that PDP was taking dictations from Nagpur which had put lives of people of the Valley in jeopardy as Kashmiris were being threatened and harassed. They termed the attack on truckers…

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Khyber, Air India host ‘FAM Tour’ for UAE tour operators

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Khyber Himalayan Resort and Spa, Gulmarg and Air India hosted a “Familiarization Tour” for select UAE tour operators to Kashmir. The tour includes the gateway city Srinagar and Gulmarg, home of The Khyber. During their stay at The Khyber from Oct 7 to Oct 9, the group visited Drung, Baba Reshi, St. Mary’s Church, and Maharani Mandir and took a ride on the Gondola. In Srinagar, they will visit the The Lalit Grand Palace Hotel, go on a shikara ride on Nageen Lake and experience living in a house boat.…

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After Oranges, Kashmirs now claim growing Lemon

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Growing lemon is commercially not viable: SKUAST After oranges, now some people have started growing lemon in Kashmir for last few years. Few families in Tengpora, Magarmal Bagh in Srinagar and Pinglish, Naibasti area in Tral have got the lemon yield also. Earlier, some families in Srinagar and Rajouri had grown oranges in their kitchen garden. Rukhsana Bakshi of Magarmal Bagh in Srinagar, Srinagar has been growing lemon at her farm in Tengpora.  “Everyone is surprised to see lemons in our farm. We have been cultivating Kashmiri lemons since 2012.…

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‘Despite floods income tax collections in Kashmir showing upward trend’

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Principal Commissioner, Income Tax department (J&K), Sangeeta Gupta, said the tax collection in Kashmir is satisfactory with J&K Bank being the highest taxpayer in the state. Talking to us, Gupta said JK Bank continues to be the highest taxpayer in the state. “Our collections from Kashmir have increased considerably,” she said. “Despite floods our collections in Kashmir are showing upward trend,” she said, adding that in this quarter the department had collected Rs 43.5 crore tax in the state as compared to Rs 29.3 crore during the corresponding period last…

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‘Travel Advisories mar Kashmir tourism industry’

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“Our state despite all its physical beauty is not the top tourism destination across India and the reason is that we are lagging behind in certain areas such as infrastructure and lack of professional Starting from a small time travel agent to a national tourism award winner, Managing Director, Centre Tour and Travels Bashir Ahmad Karnai states travel advisories to Kashmir by some foreign countries are hindering growth of tourism in the Valley. Karnai who was recently awarded national tourism award for being among leading travel agents of India who…

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Falling Prices spell trouble for walnut industry

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In this bustling village on the Srinagar-Muzaffarabad highway, dozens of walnut kernel traders are a worried a lot these days due to falling prices this year. Traders said the prices had decreased by at least half compared to last year after India allowed imports from other countries, including the US, China and West Asia. The J&K Government said it was a serious issue and it would take it up with the Central Government. “We have the best quality walnut as it is organic. That was the reason we had high…

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