Anantnag, Bijbehra traders peg losses at Rs 1000 crore


ANANTNAG: As per the assessment carried out by the members of district traders association (DTA) of South Kashmir, the business community of Anantnag and Bijbehara has suffered over 1000 crore rupees loss in the recent floods.
Anantnag and Bijbehara townships remained submerged in flood waters for at least five days causing damage to the housing and commercial properties. After the floods the district administration carried out the assessment of the damage to residential houses, agriculture and horticulture sectors. But the authorities did not assess the damage to the trade.
The DTA later itself did an assessment of the damage to traders. “As per our assessment a huge damage has been caused not only to the stock but also to the structures. Shops, offices and stores of the traders, both wholesale and retailers have suffered damage. Besides many big car showrooms are also badly hit,” former general secretary and acting member of the DTA, Riyaz Ahmad Bhat told Kashmir Reader.
He said the business units of most of the flood hit traders are not insured and requested government to come up with some mechanism so that these uncovered traders get some relief. “We are going to submit the self assessment report of the damage to deputy commissioner Anantnag tomorrow,” he said.
He requested government that the traders who suffered losses in floods be exempted not only from tax but also from the interest on the loans they have availed from various banks for at least two years.
“We have already put forth our demand to the Chief Minister. We again appeal him to consider our demand and announce the exemption of taxes and loan interests on traders for a period of at least two year which will be a big relief for flood hit traders,” Bhat said.