BUSINESS

Sheikh Nadeem The season of harvesting the Kashmir walnuts began throughout the valley. The growers started plucking the walnuts from trees. The process has started a week before, by beating the walnuts with the long bamboo sticks. The walnuts in the Kashmiri language are also known as "Douen". These walnuts have a huge demand among tourists for their superior taste and quality. Walnut production is the major part of the Kashmir's economy. They are certified as organic and posses calorific value. In October and November, walnut growers peel the walnuts to export them to the other states. Due to the disruption in domestic supply last year, walnuts were imported. The traders in India imported walnuts from the United States (US) and Chile. Kashmir produces around 90% of the wal...

Venezuela sells petrol at the cheapest price in the world, followed by Iran, while Asian countries India and Pakistan rank 111th and 13 respectively, according to www.globalpetrolprices.com. The biggest single component of retail gasoline or petrol prices is the cost of the crude oil used to produce the gasoline. Recently, that price of WTI crude oil has been $39-$40 a barrel. In the worldwide oil industry, an oil barrel is defined as 42 US gallons, which is about 159 liters. This calculates price of crude oil $0.24-$0.25 per liter. Taxes and subsidies, cost of refining and transporting, commission etc are included in retail price. The average price of gasoline around the world is 0.97 U.S. Dollar per liter. As a general rule, richer countries have higher prices while poorer ...

Shah Basit/ Rayees Shah Besides Italy, Repora area in Central Kashmiri's Ganderbal district is perhaps the only place in the world where fresh Grapes are available in a large quantity. Kashmir is well known for some of the best quality of apples but not many are aware of the grapes produced in Repora Village, which according to some experts exceed international standards fixed for the fruit.buy viagra super active online https://nouvita.co.uk/wp-content/themes/twentynineteen/inc/new/viagra-super-active.html no prescription A great advantage of Repora grapes is that it is ready when fresh grapes are not available anywhere in the world except Italy. [metaslider id=22913] The Repora grapes fetch a good price in the market,  Sahibi for Rs 200/Kg  and Hussaini for Rs. 100/Kg. Th...

A year after Indian Government abrogated the Article 370 and the state of Jammu Kashmir and Ladakh were bifurcated into Union Territories, Kentucky Fried Chicken opened its first outlet in Srinagar. KFC had two outlets in Jammu, this was the first one that opened up in Srinagar. A stark contrast from what felt like posed pictures of normalcy when NSA Ajit Doval had turned up to discuss politics with locals last year over a plate of biryani, the outlet seemed to be jampacked even amid a coronavirus crisis. However, there seems to be no suggestion that the Srinagar outlet In some ways it was reminiscent of the first McDonald’s that opened in Moscow in 1990, signalling the triumph of capitalism over communism in the most capitalist way feasible – gluttony.

The Jammu Kashmir administration has approved the proposal to create 37 new industrial areas. For this, the administration has allocated more than 9000 kanals of land to the Department of Commerce. The Administrative Council on Friday approved the proposal for transfer of 9,654 kanals of land to the Commerce Department for the establishment of 37 new industrial areas. This decision was taken in the meeting of the Jammu Kashmir Administrative Council chaired by the state's Lieutenant Governor Girish Chandra Murmu. For setting up these industrial areas, land has already been seen in different districts of Jammu Kashmir. It is important to note that all these industrial areas will be made in backward areas. In these new industrial areas, CIDCO will develop 12 areas while Seacap will ...

On Wednesday, China's Gross Domestic Product (GDP) figures showed the Chinese economy’s return to growth during April to June. The world's second-biggest economy, following a record slump of 6.8% in the first three months of the year during coronavirus lockdowns, grew by 3.2% in the second quarter. The released figure of 3.2 % is higher than what experts had predicted. The growth illustrates a V-shaped recovery, which is, a sharp fall in GDP followed by a quick recovery. This quick recovery allows China to avoid a technical recession, a term referring to two consecutive periods of negative GDP (growth). The rising GDP figures seem to be a result of the Chinese government’s stimulus measures including tax breaks amongst other measures to help boost the economy. Chines indu...

In the Kashmir valley, where Agriculture is the main source of economy there has been a massive dip in the agricultural land holding from 0.62 hectares to 0.59 hectares per person. This official data shows that Kashmir had 4, 67,700-hectares of agricultural land in 2015 which has dropped drastically to 3, 89,000 hectares in 2019, 78,700 hectares of land have been been converted from Agricultural to Non-Agricultural purposes in the last five years in Kashmir. The data reveals that the land under paddy cultivation in Kashmir region shrank from 1, 48,000 hectares in 2015 to 1, 40,000 in 2018. Similarly, maize cultivation shrank from 100,000 hectares to 76,000 hectares over these years. Accordingly, cultivation of pulses has declined from 14,600 hectares to 12,767 hectares. Oilseed...

Jammu Kashmir Peoples Movement (JKPM) has registered strong concern about the failure of the government to save the Kashmir based small scale units. In a press release JKPM Vice President Advocate Syed Iqbal Tahir expressed his anguish over the failure of the government to save the remnants of local industrial units.buy prednisone online buy prednisone generic He stated that most of the units are in a debt trap and are on the verge of closure due to unprecedented business interruptions and callous attitude of authorities. “From the news in the media, I gather that major contracts are going to non-local units in an unabated manner. No concrete proposal for affording any relief to the local enterprises has so far been devised or submitted to any relevant authority here or at the ...

With a sharp decline tourist arrivals in Jammu and Kashmir this year, the dry fruit business in the Valley has got badly affected with associated traders claiming to have suffered huge losses especially from the past three months. The popular dry fruit market in Qazigund, known as the Gateway of Kashmir, which otherwise remained flooded with the tourists, wore a deserted look as all the shops, hotels and other establishments in the market continue to remain closed. The local shopkeepers said that from the last 11 months, the tourism sector in the Valley has got badly affected, which not only resulted in losses to the people but has also rendered thousands of people jobless, who were directly or indirectly dependent on this sector. Shabir Ahmad Shergogri, who runs a dry fruit shop ...