#EconomicImpact Archives

Kashmir’s Tourism Crisis: Hotels, Cab Drivers & Pony Operators Struggle

May 23, 2025 Editor

Security & Recovery: How J&K Plans to Revive Tourism After Pahalgam Attack Srinagar 23 May 2025: The Pahalgam terror attack has had devastating consequences for the local economy, with thousands of people losing their livelihoods due to the sharp decline in tourism. The once-bustling resort town now wears a deserted look, as tourists have canceled trips, leaving hotel staff, pony operators, cab drivers, and shopkeepers struggling to make ends meet. Impact on Local Businesses The economic fallout of the attack has been severe, affecting multiple sectors that rely on tourist…

Apple Prices Dip in Kashmir: Market Glut, Transport Disruptions & Future Outlook

May 1, 2025 Editor

Kashmir’s Apple Industry Faces Market Uncertainty Srinagar 01 May 2025: Kashmir’s apple industry—one of the largest contributors to the region’s economy—is experiencing a sharp decline in prices, leaving farmers and traders distressed over financial losses. The primary factors driving this price slump include logistical disruptions, oversupply in outstation markets, and seasonal vulnerabilities. 🌍 Why is this concerning for Kashmir’s economy? Apple farming sustains thousands of families. The fruit export industry generates massive revenue for the region. Price fluctuations affect long-term stability for cultivators & traders. This article dives deep into…

Echoes of Silence: Empty Streets, Deserted Hotels, A Valley in Mourning

April 24, 2025April 24, 2025 Editor

Kashmir’s Economic Heart Bleeds: A Valley in Crisis By: Javid AminSrinagar, April 24, 2025 : Kashmir, often referred to as “Paradise on Earth,” has long captivated travelers with its breathtaking landscapes and rich cultural heritage. In early 2025, the region witnessed a significant surge in tourism, with over 525,000 visitors flocking to its valleys in just the first three months. This influx brought renewed hope to the local economy, heavily reliant on tourism. However, the serenity was shattered on April 22, 2025, when a devastating terror attack in Pahalgam claimed the…

From Hospitality to Hardship: How Violence Impacts Kashmir’s Tourism Sector

April 23, 2025 Editor

KCCI Warns of Economic Fallout: Attack Designed to Undermine Kashmir’s Tourism Industry Srinagar 22 April 2025: The Kashmir Chamber of Commerce and Industry (KCCI) has issued a strong statement condemning the recent attack in the Valley, describing it as a deliberate attempt to destabilize Kashmir’s tourism sector. The incident has sparked widespread concern among business leaders, who fear that such acts of violence could severely impact the region’s fragile economy, which is heavily reliant on tourism. Tourism: The Lifeline of Kashmir’s Economy Kashmir’s tourism industry has long been the backbone…

Kashmir’s Air Connectivity Crisis: High Airfares Impact Residents and Tourists

February 24, 2025 Editor

Kashmir Airfares Hit Record Highs, Wallets Crash: A Deep Dive into the Crisis By: Javid Amin Srinagar, February 23, 2025 – Kashmir’s air connectivity crisis has worsened as airfare prices soar to record highs, surpassing even international travel costs. This trend has drawn criticism from parliamentary committees, business leaders, and affected travelers. As flights become increasingly unaffordable, local economies, tourism, and ordinary citizens bear the brunt of this crisis. Skyrocketing Airfare Prices: The Harsh Reality For travelers heading to Kashmir, flight costs have surged dramatically: Delhi to Srinagar: Rs 12,000…

Rupee Hits All-Time Low of 87.94 Against US Dollar: Experts Warn of Further Decline

February 10, 2025 Editor

The rupee’s fall comes at a time when it has already become Asia’s worst-performing currency of the year and as the RBI tries to build up its forex reserves. The rupee plunged 44 paise to hit an all-time low of 87.94 against the US dollar in early trade on Monday. This comes at a time when the rupee has already become Asia’s worst-performing currency of the year after experiencing a series of record lows, according to a Bloomberg report which cited brokerage firm Nomura. Why did the rupee fall? The rupee’s…

J&K Bank Receives Rs 16,000 Crore GST Notice; Legal Action Underway

February 6, 2025 Editor

Jammu and Kashmir Bank receives GST notice of over Rs 16,000 crore Jammu and Kashmir Bank (J&K Bank) announced on Wednesday that it has received a Goods and Services Tax (GST) notice amounting to over Rs 16,000 crore. Of this, Rs 8,130.66 crore pertains to the GST demand, with an equal amount imposed as a penalty, issued by the joint commissioner of the central GST commissionerate in Jammu. The bank has stated that it has taken appropriate legal action in the matter, as it believes that it has a strong…

Rupee Hits All-Time Low of 87.29 Against USD as Trump Tariffs Spark Trade War Concerns

February 3, 2025 Editor

Rupee hits record low of 87.29 against US dollar in early trade as Trump tariffs stoke trade war fears; US President Donald Trump had slapped Canada and Mexico with 25% duties and China with a 10% duty The rupee fell by 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday, February 3, 2025, a day after US President Donald Trump’s tariffs on Canada, Mexico and China that triggered fears of a broad trade war. At the interbank foreign exchange, the rupee opened…

J&K, Ladakh Face Fuel Shortage as Tanker Operators Strike Against Hit-and-Run Law

January 2, 2024 Editor

All J&K Transporters’ Welfare Association has, however, not joined the strike and has called a meeting on Tuesday to ponder over the issue Opposing the Centre’s new provisions regarding hit-and-run cases under Bharatiya Nyaya Sanhita, around 1,500 oil tankers that ferry fuel to Jammu and Kashmir besides Ladakh, went on a strike on Monday. In Himachal, the nationwide protest led to a shortage of fuel and many petrol pumps in major cities were seen rationing fuel. Rush was reported at petrol pumps across Hiamchal. All J&K Transporters’ Welfare Association has,…

Article 370 Verdict: Unpacking the Supreme Court Judgment and its Implications for Jammu and Kashmir

December 11, 2023 Editor

The Supreme Court unanimously upheld the validity of the Centre’s 2019 decision to abrogate Article 370 of the Constitution from Jammu and Kashmir Supreme Court Verdict on Article 370: In a landmark verdict, the Supreme Court on Monday upheld the 2019 decision of the Centre to abrogate special status for the erstwhile state of Jammu and Kashmir under Article 370 and set a deadline of September 30 next year for the assembly elections to be held. The unanimous order by a bench of five judges, headed by Chief Justice of…