Category: Business

Business

Conflict major setback to Kashmir economy: Experts

Editor

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’

Editor

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’

Editor

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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CM to promote Aru as Lavender Village

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Chief Minister, Mufti Muhammad Sayeed, Friday morning took a quick round of Pahalgam resort to take a firsthand appraisal of works on the ongoing projects related to tourism and other sectors, an official statement said. According to the statement, the CM visited the Circular Road, which has recently been macadamised, and various parks maintained and developed by Pahalgam Development Authority (PDA) and the Floriculture, Gardens & Parks Department. Secretary Tourism, Farooq A. Shah, Deputy Commissioner, Anantnag, Muneer-ul-Islam, CEO PDA, Riyaz Ahmad, besides several other senior officers accompanied the Chief Minister.…

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Taj Group, Indigo airlines organize FAM Tour to Valley

Editor

Taj Group and Indigo airlines arranged yet another Familiarization ‘FAM Tour’ to the Valley. This time the tour operators and travel agents were majorly from Mumbai and other western region which is a major potential market for the valley. During their stay at Vivanta by Taj Dalview Srinagar from Sep 29 to Oct 1, the group visited SKICC to understand the MICE opportunities in Kashmir, where a complete product brief was given about the convention Centre. The group also did a show around of the RSGC to promote golf tourism…

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Tourist slump due to negative publicity: Altaf

Editor

Minister for R&B, Altaf Bukhari Sunday said the tourist arrivals have declined in Kashmir mainly due to negative media coverage. “I must admit that media failed us as far as tourism is concerned,” he said speaking at the World Tourism Day celebrated at SKICC here. Bukhari, who was the chief guest on the occasion, said the tourist arrivals witnessed a decline in Kashmir due to negative publicity of various events. “If something is happening on Line of Control 200 kilometers away from Srinagar that is shown as if the entire…

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