x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   NC-PDP cold war on statehood! | Establishment of Toll plazas in Jammu violates NH Fee rules, UT criteria | J&K LG, Girish Chander Murmu resigns | Demands of greater autonomy, self-rule disappeared | Despite reluctance Plantation Supervisor asked to join elevated post of VLW in RDD in Udhampur | COVID-19 caseload in JK reaches 22955 as 559 fresh cases reported, nine more deaths | J&K Govt delivers good governance through administrative reforms: Home Ministry | Govt reorganizes engineering wings of departments | KKHMS celebrates stone laying ceremony of Ram Mandir | Army, forest officials lunch plantation drive | Congress leader stages protest against Modi Govt | JKECTWS constitutes Adhoc Committee | Historic Dogri Radio’s 100th Episode released | Havan performed to mark bhoomi poojan ceremony at Ayodhaya | GDC Udhampur Starts Online Admissions for 1st Semester | 1st anniversary of Article 370’s abrogation, Ram Temple consecration celebrated in Bishnah | AJKYF holds digital protest for downgrading J&K | JKAOA hails admin for farming sector reforms, cadre mgt | BJP leaders hoist national flag across J&K on Article 370 abrogation day | Councilor Sahil Gupta hoists national flag in many Panchayats | Posturing won’t help NC | Post Article-370 : Scope for Increased Development in Jammu Kashmir | Zahawiris’ recipe for escalating Terror in Kashmir | Jammu Kashmir: Monumental positive changes witnessed in the past one year | Article 370 Abrogation Anniversary: Jammu and Kashmir Witnesses 100% success in Welfare Schemes | Munish Gupta asks government to step in & solve problems of residents | Hirdesh reviews functioning of Election & Transport Departments at Udhampur | State Taxes Deptt imposes fine of Rs 13 lakh on tax evaders | Government transfers 50K land to School Education Department | Excise sleuths seizes 52 bottles of illicit liquor, two booked | Independence Day arrangements reviewed in district Samba | Samba admin braces for week long sanitation campaign- Gandagi Mukt Bharat | DLSA Jammu holding E- Lok Adalat on August 22 | Shiv Sena celebrates stone laying ceremony of Ram Mandir | JKSSB’s Portal records 4,26,320 registrations; 2,18,850 candidates submit online application so far | Jammu, Srinagar Airports receive 23 domestic flights with 2,582 passengers | Dogra youth hold protest against downgrading of state | Blacktopping work started on Bounjwa road | I&C department’s divisional-panel clears subsidy cases | COVID-19: Microware Communications launches first e-store for ‘computer wares’ | Govt evacuates 2,86,301 stranded JK residents; 1,98,661 via Lakhanpur, 87,640 through special trains | Congress criticizes detentions, restrictions on leaders | Nagrota Sangarash Samiti dharna on Degree College enters Day 15 | GDC Vijaypur organizes national level quiz competition | BJP Jammu West unfurls National flag in all wards | Local residents, shopkeepers protest against closure of Mubarak Mandi gates | Government should constitute special norms for SPOs promotion, regularization: JKIM | Lockdown passes off peacefully in Poonch | TNWS celebrates 1st anniversary of J&K UT | GDC Kalakote launches online admission process for BA Sem-1 | Shreya Sasmal of DPS Udhampur bags 2nd position in debating fest | ABVP Ramban celebrates anniversary of Abrogation of Article 370 , 35A | DC Kathua reviews I-Day arrangements | Sub-Judge B’la rejects bail plea of fake MBBS doctor | Hanging rocks threaten travellers on Anjole road | Govt asks competent authorities to enter details on application/portal for Domiciles Certificates issued manually | BJP women leaders hoist flag in valley to celebrate first anniversary of abrogation of Art 370 | 25,000 non-Kashmiri migrant workers return to J-K | 12,000 vacancies being sent to various recruitment agencies | DM orders night time restrictions on non-essential activities in Jammu district | Three BJP workers resign in Kulgam | Militants open fire on security forces in Shopian | JKTJAC questions projecting teachers as fresher even after decades of service | Raj Bhavan cancels ‘At Home’ function in view of COVID-19 pandemic | HC quashes detention order under PSA | Massive fire broke out in Kuntwara forest | JKECTWS alleges ex-head still acts as self-styled president | Dharmarth Trust gears up for reopening of temples | All-party meeting called by NC foiled in Srinagar | Army’s Northern Command Chief meets Lt Governor | JKNPP holds protests seeking restoration of Dogra State | Kashmiris celebrate ‘Indian hood’ on Aug 5: Mir Junaid | Back Issues  
 
news details
Kashmir economy lost Rs 15,000 crore since August clampdown: Trade Body
12/5/2019 10:39:17 PM

Early Times Report

Srinagar, Dec 5: Kashmir's economy has suffered losses to the tune of Rs 15,000 crore since August 5 when the government scrapped the provisions of Article 370, a commerce body has claimed, saying that this is just a "conservative estimate".
The Centre had repealed provisions of the article that gave special status to the erstwhile state of Jammu and Kashmir, and bifurcated it into union territories of Ladakh, and Jammu and Kashmir.
"Our conservative estimates put the losses to the Kashmir economy due to the situation after August 5 at Rs 15,000 crore. We will be coming up with comprehensive data about the losses within a week," Kashmir Chamber of Commerce and Industry (KCCI) president Sheikh Ashiq Hussain told said.
More than the losses to the economy, job loss due to clampdown on internet services, protests and strikes was more worrying, he said.
The handicraft, tourism and e-commerce sectors were the worst hit by the situation post the Centre's decision, Mr Hussain said.
Though most restrictions have been lifted, the clampdown, which started on August 5, on internet services across all platforms and prepaid mobile connections, still remains.
Postpaid connections and landlines are functioning in the valley. SMS on postpaid connections are however not functioning.
"The handicraft sector alone has witnessed over 50,000 people losing their jobs.
The artisans were not getting any fresh orders in the absence of communication facilities.
"Even, the highly skilled artisans have been forced to look for odd jobs to meet their daily needs," he said.
Mr Hussain claimed that the hotel and restaurant industry has seen more than 30,000 job losses. The e-commerce sector, which includes courier services for purchases made online, has seen 10,000 people losing their jobs, he said.
"The Information Technology industry got some relief after the internet lease lines were restored for this sector but the overall situation of trade in Kashmir is dismal," he said.
In Kashmir, markets open earlier than usual but close down by 1 pm as part of an undeclared protest programme against the stripping of the erstwhile state's special status.
The tourism sector suffered the most as the J&K government issued an advisory to all non-locals, including tourists, to leave the valley ahead of the August 5 announcement.
Though the advisory was revoked, tourists have by and large stayed away from Kashmir, even though there was early snowfall in Kashmir this November, which is a major attraction.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU