In December when Union Industries and Railway Minister Piyush Goyal were called on by five Kashmir trade and business leaders, they appreciated Delhi’s efforts to bring in new investment. But they had a query: “How can new investment sustain when the existing one is getting out of business?”
Detailing the crisis that the businesses across Jammu and Kashmir are facing in the aftermath of August 5, the Kashmir trio comprising Kashmir Chamber President Sheikh Ashiq, Farooq Amin, Shahid Kamili, Mushtaq Chaya and Mohammad Ashraf asserted that the government is duty-bound to bring the economy out of the morass. “Kashmir has seen investors coming, getting land allotted, claiming incentives and leaving for good,” Farooq Amin said they told the visiting minister. “The only real stake on long term basis is the local investor.”
Survival of the local business, in last more than 30 years when Kashmir remained closed for more than 3800 days because of curfew and protest strikes, is itself a miracle. “But even that has its limits,” Farooq said. “If it goes on and on, the businesses will collapse one day.”
“We sought rehabilitation of loans and term loans to the extent of at least 76 percent for the period of 2014 floods, 2016 unrest and the ongoing turmoil,” Shahid Kamili said. “We strongly suggested insurance against production loss because of the situation so that off-setting impact of the tensions can be hedged on jobs and the bank accounts. The minister said the suggestion was good and needs to be accepted.”
この記事は Kashmir Life の January 04, 2020 版に掲載されています。
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この記事は Kashmir Life の January 04, 2020 版に掲載されています。
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Before The Kabul Retreat
Described as the ‘Graveyard of Empires’, Afghanistan was always termed to be at peace when it was at war. But the land-locked desert country that was always in turmoil and one of the worst targets of the Great Game suffered immensely throughout, especially in the last 40 years, Masood Hussain writes
FINGERS CROSSED
Almost everybody in academia and politics that Khalid Bashir Gura spoke to, the response over Kabul happens was simple – wait and watch
Parliamentary Committee In Srinagar
The visiting 28-member Parliamentary Standing Committee on Home Affairs have had detailed interactions with top civil administration and discussed developmental scenario and people’s welfare measures in Jammu and Kashmir. It is on a 4-day visit. Congress leader and MP Anand Sharma is heading the committee.
MUSIC IN MUD HOUSE
Deep into north Kashmir, Faheem Mir meet a small community that sings and lives on folk music but is facing a tense situation in the last few years
THE KABUL SPILLOVER?
Security experts are divided over the possible impact of the Kabul situation on Kashmir. But the dramatic Taliban triumph has altered the region’s geopolitics, for the time being, writes Riyaz Wani
Durga Bhawan At Katra
To enhancing facilities for the convenience of the Vaishno Devi pilgrims, Lt Governor Manoj Sinha laid the foundation for the Durga Bhawan, a high utility pilgrim-centric facility worth Rs 24.4 crore. The facility will accommodate 4000 pilgrims.
Women Empowerment
In the first, 480 talented girls from Jammu and Kashmir were included in the degree and diploma courses of the Pragati Scholarship. Jammu and Kashmir has also got nine scholarships under the Saksham Scheme for Persons with Disabilities.
‘SOME HISTORIANS BELIEVE THAT AFGHANISTAN CONFLICT IS THE OUTCOME OF INDIA AND PAKISTAN KASHMIR STAND-OFF'
Foreign policy expert and editor of HardNews magazine, Sanjay Kapoor believes that Taliban 2.0 has more legitimacy unlike in the past as it had signed a deal with the US and negotiated with other countries of the region, but the final verdict can be passed only after it manages ticklish issues involving half of its population, the women
Boredom Is Creative?
Getting bored is not as boring as it gets, writes Azra Hussain
LG In Bangus
Lt Governor, Manoj Sinha inaugurated the Bungus Awaam Mela amidst grand arrangements for village games, exhilarating local performances, and other activities to celebrate the 75th year of Independence.
