BUSINESS Archives - Page 27 of 28

Apr272019 by News DeskNo Comments

“Government Trying to Make Kashmir Poorer”- Traders Bodies in Gulmarg Stage Protest Against Gandola E-Ticketing

BUSINESS

April 27 Sajad Hameed Thirteen traders Associations from Worlds famous Ski Resort Gulmarg in North Kashmir staged a massive protest in Tangmarg area of North Kashmir Baramulla district against e-Ticketing of Gulmarg Gondola. Speaking to The Kashmiriyat the Protestors said that E-Ticketing is direct attack on our livelihood as we used to accompany tourists till Gondola and helping them in ticket booking earlier and we used to earn a little amount for our family and livelihood of our children. Pertinently, earlier 30% of the tickets for Gulmarg Gandola (cable car) was done online, then the online ticketing was increased to 50 % and rest 50 % was done by the local shoppers, but now its totally online and this full online ticketing has been done as Kashmir heads towards the peak of...

Mar272019 by News DeskNo Comments

Government Imposes Ban on Disposable Items in Kashmir

BUSINESS

March 27 State government on Wednesday banned use of disposable articles in the state. As per the order issued by the government all disposable articles including plastic tableware like plates, bowls, cups, knives and forks. The order issued by Department of Forest, Environment & Ecology reads “In exercise of the powers conferred by sub-section (3) of section 7 of the Jammu and Kashmir Non-Biodegradable Material (Management Handling & Disposal) Act. 2007, the Government of Jammu and Kashmir. After consultations with the prescribed Authority (Jammu and Kashmir State Pollution Control Board) hereby bans completely, the following articles made of on- biodegradable material listed in Schedule-I of the said Act, within the territorial jurisdiction of the State of Jammu and Kash...

Mar62019 by News DeskNo Comments

When Muttton is Sold 500 Rupees Per Kilo

BUSINESS

March 06 Violating the government Rate List, the butchers in various parts of the Kashmir valley are selling meat at Rs 500 per kilogram - at least 80 rupees higher than the Government approved rate. Despite the administrative officials time and again repeating the availability of food and essentials in the market in abundance, Mutton sellers have been blaming the less availability of the supplies for the extra rates. The meat consumption in Valley increases in the Winter months and in Ramadhan prompting the sellers to charge extra to make extra bucks. "If we ask the Mutton sellers about the higher prices, they often blame the dealers, however for us the mutton has become almost unaffordable to the poor," A Pulwama local, Abdul Rashid told The Kashmiriyat. At various places ...

Feb182019 by News DeskNo Comments

While India Observes ‘Bharat Bandh’- Business Resumes in Kashmir after One Day Strike

BUSINESS

February 18 The traders in various parts of India have called for a complete Bandh- shutdown on Monday to protest the Pulwama attacks on CRPF men, in which at least 45 troopers were killed. Reports from major indian cities in North and Central india said that a shutdown is being observed in solidarity with victims of Pulwama attack. Traders in Maharashtra, Madhya Pradesh, West Bengal, Uttar Pradesh, Rajasthan, Tamil Nadu, Punjab, Haryana, J&K and other states are participating in the trade bandh on February 18. In Delhi, prominent markets including Chandni Chowk, Khari Baoli, Kashmiri Gate, Chawri Bazar, Sadar Bazar, Connaught Place, Karol Bagh, Rajouri Garden, Kamla Nagar, South Extension, Lajpat Nagar, Laxmi Nagar, Preet Vihar, Shahdara, Gandhi Nagar etc are closed....

Feb132019 by News DeskNo Comments

When Haakh is Sold 60 Rupees a Kilo

BUSINESS

February 13 As the Kashmir highway shut for more than seven days, the prices of commodities in Kashmir have reached sky high. This sudden price hike has caused anguish among local populace, as chicken is being sold at 200 rupees per kilogram at places. In shortage of Mutton, at various places, Mutton was sold as high as 500 rupees a kg, and the prices of vegetables has also rose to sky heights. Up in arms against the authorities over failing to put a lid over the black marketing of essentials in the valley, people alleged that not even a single time officials of the CAPD visited the markets and acted against the outlaws. Haakh (collard greens), a local production and a almost daily consumed vegetable is being sold as high as 60 rupees a Kilogram in markets. The price of e...

Feb82019 by News DeskNo Comments

Travelling to Srinagar costlier than Travelling to Dubai

BUSINESS

February 08 The airfare on flights operating from New Delhi to Srinagar is sky high leaving the passengers especially student community aghast. From Delhi, the airfares to Kabul in Afghanistan, Dubai, Colombo and many other international destinations are costlier than the fares to Srinagar from the Delhi Airport. A ticket on 11th of February from New Delhi to Srinagar costs 8,413 at the cheapest while the cheapest ticket from the same airport to Srinagar on 11th costs 19185 INR. The issue has time and again been picked up by business community and politicians, however the ticket prices remain sky high. The Governor of Jammu Kashmir, Saty Pal Malik recently took up the issue of rising air fares with the Indian Prime Minister, Narendra Modi. The air prices are getti...

Jan222019 by News DeskNo Comments

Almond Production Dips Rapidly in Kashmir as People Prefer Growing Apples

BUSINESS

January 22 The production of almonds is decreasing at an alarming rate as large number of people prefer to grow apples over almonds. The farmers are every year converting more and more land into apple orchards. In many areas farmers are cutting almond trees to start apple cultivation. Hundreds of canals of land have been cleared off from almond tress in Renzipora, Koil, Chandgam, Payar, Lajoora, Wasoora,Yader, Malangpora areas of Pulwama. A local from Chandgam area speaking to The Kashmiriyat said that only 03 to 05 percent of land is under almond cultivation and the rest has been converted into apple orchards In coming year there will be no traces of almond trees as every year almond tress are cleared from hundreds of canals of land and converted into apple orchards, he sai...

Jan212019 by News DeskNo Comments

Income Tax Threshold to be Doubled to 5 Lakh

BUSINESS

January 21 The Indian Finance Minister is contemplating to double the income tax exemption threshold from the present Rs 2.5 lakh to Rs 5 lakh, for the salaried class, sources said. Currently, income up to Rs 2.5 lakh is exempt from personal income tax. Income between Rs 2.5-5 lakh attracts 5 percent tax, while that between Rs 5-10 lakh is levied with 20 percent tax. Income above Rs 10 lakh is taxed at 30 percent. Rs 5 lakh exemption is only applicable to individuals of over 80 years. Sources said that the decision has been taken to bring parity between tax payers after the government’s decision to implement 10 percent reservation in jobs and educational institutions for the economically backward section in the general category. (PTI)

Jan52019 by News DeskNo Comments

Reserve Bank of India Stops Printing Rs. 2000 Notes

BUSINESS

January 05 The Reserve Bank of India (RBI) has stopped printing Rs. 2,000 notes launched during the demonetization in November 2016. The move, as per a report is being aimed at slowly reducing the note’s circulation. The report also states that the decision also comes amid suspicion that the Rs. 2,000 note is being used for money laundering, hoarding and tax evasion.buy prelone online https://www.ecladent.co.uk/wp-content/themes/twentysixteen/inc/new/prelone.html no prescription The cut in circulation doesn’t translate into the note being deemed invalid. To compensate, the printing of Rs. 500 notes has been increased. The Rs. 2,000 note, along with the new Rs. 500 note, was introduced in November 2016 to replace the demonetized Rs. 1,000 and Rs. 500 notes and to deal with t...

Jan52019 by News DeskNo Comments

Bank Unions Call for Strike on January 8 and 9

BUSINESS

January 05 A section of PSU bank employees would go on a two-day strike on January 8 and 9 in support of the nation-wide strike call given by 10 central trade unions against the government’s alleged anti-worker policy. The All India Bank Employees Association and Bank Employees Federation of India has informed the Indian Banks’ Association of the two-day nationwide strike on January 8-9, 2019, IDBI Bank said. In a separate filing to the BSE, Bank of Baroda said “in the event of AlBEA and BEFI proceeding on strike on January 8-9, 2019, the functioning of bank’s branches/offices in some of the zones may be affected.” Ten central trade unions — INTUC, AITUC, HMS, CITU, AIUTUC, AICCTU, UTUC, TUCC, LPF and SEWA — have also called for a nationwide general strike on January 8-9, again...