Eid in Kashmir, like the rest of the world, is not a matter of faith alone. It is a roaring business, too. For one or the other reasons, the last four Eid festivals, starting in 2019, were seriously impacted in Kashmir. The continuous recession in the Kashmir markets details the costs. As the customer capacity got compromised, the market viability took a hit.
“The downfall in purchasing power of customers is for two factors inflation and pandemic,” Mohammad Yasin Khan, the president of Kashmir Traders and Manufacturers Federation said. “For the past 5 years, the economy of the region is declining which has led to a 60 to 70 per cent fall in business.”
The low sales led to a capital blockage in inventory and triggered a cycle of deficit, both for working capital and staying updated with the market trends. Admits Khan: “Trade is skeptical over whether to buy new stocks for customers or not. There is visible lack of choice of products.”
THE SACRIFICE
For generations, the demand for sacrificial animals has remained the barometer of market health. In Srinagar, it is the Eidgah that converts into a live cattle market.
One of the sellers is Naik Muhammad Aziz from Bikaner in Rajasthan. Naik is one of the 11 animal sellers who have come from various sheep rearing destinations from Indian plains, who moved in with their well-bred lambs to Srinagar, ahead of Eid. But the experience has been disappointing as the current market conditions exhibit a lack of demand.
This story is from the July 24, 2021 edition of Kashmir Life.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 24, 2021 edition of Kashmir Life.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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.
