Kashmir handicraft export revenue declines from August

Kashmir handicraft export revenue declines from August

SRINAGAR: For the fourth time in last six years, Kashmir handicraft sector, which is one of the main drivers of the economy, has suffered immense losses. During the current year’s first two quarters, the sector which is spread over more than six types of handicrafts have faced shortfall in export revenue almost by half. Government […]

No confidence motion moved against SMC deputy mayor

SRINAGAR: The Srinagar Municipal Corporation’s deputy mayor Sheikh Imran received a major setback on Monday when a sizeable number of councillors moved a no confidence motion for his removal from the coveted post. Imran, who is under detention since August 5 after the abrogation of Article 370, was said to be not competent for bringing […]

Tourism promotion events hit, as stakeholders seek internet restoration

SRINAGAR: Tourism promotional activities in India and elsewhere has not picked at all as the government has not restored internet for tourism players-a pre condition set by stakeholders for making the activity possible. Nasir Shah, the chairman of JK Pilgrim and Leisure Tour Operators Forum, told Kashmir Reader that the events could not take place […]

Kashmir business body preparing comprehensive report on economic losses suffered since August

Inititial estimates suggest Rs 10000 crore losses

SRINAGAR: Kashmir Chamber of Commerce and Industry (KCCI) has started an exercise to prepare a comprehensive report about economic losses suffered by Kashmir since the government of India abrogated Article 370 in August. KCCI president Sheikh Ashiq told Kashmir Reader that the apex business body will be assessing the losses of all sectors including agriculture, […]

GST relaxation to Kashmir traders

SRINAGAR: The government on Wednesday allowed traders based in Kashmir to receive consignments without generating E-way bill, which is mandatory for movement of goods within India. The relaxation is a relief to thousands of traders who were prevented from receiving goods after they failed to submit their GST due to internet shutdown in the Valley. […]

Much-awaited Alesteng grid station to complete next year

SRINAGAR: People would have to brace up for another dark winter as the much awaited gird station for reducing power cuts has received another major jolt due to November 7 snowfall. According to one of the concerned chief engineers Aijaz Dar, Alasteng grid station for which the work is under progress since 2012 was expected […]

Government may restore internet to tourism players in gradual manner

Srinagar: Ahead of winter tourism season, the government is mulling to restore internet to tourism players in a phased manner. A senior officer privy to the development told Kashmir Reader that initially the government will restore internet to prominent tourism players in coming days. In the second phase, the government will restore internet to all […]

Electoral office begins exercise for conducting panchayat polls in vacant seats

Electoral revision to complete by Dec 26: CEO

SRINAGAR: Ahead of conducting elections in vacant Panchayat segments, J&K electoral office has started a process for revising electoral roll in Jammu and Kashmir. J&K Chief Electoral Officer Shalinder Kumar told Kashmir Reader that his office has started the process for revision of rolls which will be completed by December 26. “Once this is done, […]

J&K trade bodies wary about investment by non-local companies

JCCI, KCCI cite past experiences

SRINAGAR: Investment proposals moved by the outside business houses after the abrogation of Article 370 in Jammu and Kashmir have evoked little interest among the region’s trade bodies citing past experiences. After the abrogation of J&K’s special constitutional status, which allowed non-locals to buy immovable property, many top notch companies have shown keen interest in […]