Tag: #EconomicGrowth

J&K Unemployment Rate Dips to 6.1% in 2023-24: A Look at the Trends

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J&K Unemployment Rate Dips to 6.1% in 2023-24: A Look at the Trends

Year wise look at the unemployment rate showed that it was 6.1% in 2023-24, 4.4% in 2022-23, 5.2% in 2021-22, 5.9% in 2019-20 and 6.7% in 2019-20 The Jammu and Kashmir government on Saturday said that unemployment rate in Jammu and Kashmir has declined from 6.7% in 2019-20 to 6.1% in 2023-24 and claimed that the government has initiated a slew of measures to tide over the problem, including creation of 9.58 lakh livelihood opportunities through various schemes. Responding to a question by NC MLA Mubarak Gul, minister incharge Javed…

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Omar Abdullah Advocates for Regulated Investments to Safeguard Land and Create Jobs

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Omar Abdullah Advocates for Regulated Investments to Safeguard Land and Create Jobs

Investments Must Be Regulated to Protect Land and Jobs: Omar Abdullah Srinagar, February 21, 2025 – Chief Minister Omar Abdullah on Friday attended the Confederation of Indian Industry’s J&K Annual Session-2025 titled “Amazing J&K: Aspiring for new growth goals”. According to a spokesperson, the event, organised by the Confederation of Indian Industry (J&K Council), brought together business leaders, industrialists, entrepreneurs, and other stakeholders to discuss strategic actions to boost J&K’s economic growth and development, driving the region’s competitiveness and business potential through a robust and resilient industrial and sustainable entrepreneurship ecosystem.…

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KCCI Reacts to Union Budget 2025: Mixed Bag of Optimism and Concern

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KCCI Reacts to Union Budget 2025: Mixed Bag of Optimism and Concern

Kashmir Chamber of Commerce and Industry (KCCI) on Union Budget 2025-26 The Kashmir Chamber of Commerce and Industry (KCCI) has expressed a blend of optimism and concern following the Union Budget 2025-26 announcements. While the budget includes several commendable initiatives that promise to enhance economic activity, KCCI highlights the pressing need for a special revival and infrastructural development package tailored to the unique challenges faced by Jammu and Kashmir, especially considering the huge unemployment problem facing the region. Concerns Raised KCCI expresses concern over the absence of a special revival package…

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USBRL Section Ready for February Inauguration: What to Expect

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USBRL Section Ready for February Inauguration: What to Expect

USBRL section set to be inaugurated in first week of February Ramban, Jan 22: With the completion of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project, its inauguration is scheduled to be held in the first week of February. In an official communiqué, in view of the inauguration of USBRL section in the first week of February, Northern Railways North circle has asked Northern Railways Firozpur division “to arrange to move both USBRL Vande Bharat Rakes from SSB to BDGM in the morning of January 24 and January 25, 2025 for trial…

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Direct Train to Kashmir Will Boost Jammu’s Trade and Tourism: Omar Abdullah

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Direct Train to Kashmir Will Boost Jammu's Trade and Tourism: Omar Abdullah

Train to Kashmir, new Railway Division to spur Jammu’s economy: Chief Minister Omar Abdullah Jammu, Jan 6: Chief Minister Omar Abdullah Monday, while allaying the apprehensions related to rail connectivity to Valley, asserted that train to Kashmir and the new Railway Division would spur Jammu’s economy and bolster tourism potential with increased footfall. He was addressing the gathering at the Jammu-Tawi Railway Station during the inauguration of the new Rail Division of Jammu, virtually by the Prime Minister from the union capital. “We extend gratitude to Prime Minister Narendra Modi…

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Kashmir’s Unemployment Crisis: Challenges and Strategic Interventions

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Kashmir’s Unemployment Crisis: Challenges and Strategic Interventions

Unemployment in Kashmir: Challenges, Causes, and Strategic Solutions By: Javid Amin Unemployment, defined as the inability of individuals who are willing and able to work to secure employment, is a pressing issue across the globe. In Kashmir, however, the problem is particularly acute, with young people facing limited opportunities amidst a challenging economic and political environment. Addressing unemployment in the region requires an in-depth understanding of its root causes and a multifaceted approach to crafting sustainable solutions. Understanding the Causes of Unemployment in Kashmir 1. Overdependence on Government Jobs A…

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