Tag: forced employee layoffs: FCIK

Appalled by ‘callous’ performance of government departments, the Federation Chamber of Industries Kashmir claimed that rollout of Goods and Services Tax (GST) regime has hit Kashmir industry badly resulting in huge employee layoffs and compounding employment crisis in the state. “Industrial sector of Jammu and Kashmir is badly hit by the rollout of GST and the industrial production has almost come to a standstill resulting in the employee layoffs. The situation is very grim and is compounding the problem of unemployment of the state,” reads a communiqué addressed by FCIK…

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