Srinagar: Kashmir Economic Alliance Thursday vowed to oppose government move to impose Property Tax in Jammu and Kashmir.
Since Kashmir is a conflict zone we have been opposing the move of the government even before they formed it, General Secretary KEA, Siraj Ahmed said adding that despite stiff opposition from public representatives, the government for the reasons better known to it formed Property Tax Board.
What is the fun of the Property Tax Board when the government is claiming that it has no intention to impose property tax in Jammu and Kashmir.
Meanwhile, Peoples Democratic Party spokesperson, Nayeem Akhtar said that the party has not maintained silence over the issue. Our position remains unchanged. We stand by what we had said in Assembly, Akhtar said.
He said that PDP opposed the formation of Property Tax Board and it does not support the view of the government to impose property tax in Jammu and Kashmir.
Earlkier KEA launched a scathing attack on Jammu and Kashmir Bank Thursday claiming that the bank has adopted a policy which is inimical to Kashmiri interests.
Despite having more advances outside the state, the bank by exploiting people of Valley, especially the business community and employees, is still earning more interest earnings from within the state. As per the figures released by the bank in Q1 results, the bank is earning 75 per cent of its gross profit from the state, while only 25 per cent comes from outside. This is all because of the higher interest rates charged by the bank from we people, Chairman KEA Mohammad Yasin said while addressing a press conference in Srinagar on Thursday.
He said that Jammu and Kashmir Bank is and has been exploiting every sector including agriculture, industry, and horticulture in State by charging higher rates of interest. It has been eroding the capital of business community and we are not going to act as a mute spectators now, Khan said adding that this bank was emotionally blackmailing the people of the state.
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