SRINAGAR: With the ravaging floods breaking the Kashmirs economic backbone in September, the business hub of the states summer capital is yet to witness normality with most of the shops yet to open shutters.
Most of the famous outlets that were the main attraction for the city shoppers have downed their shutters since September 7, giving the business hub a deserted look.
The shop keepers say that the government and the insurance companies are yet to compensate loses and that the scarcity of the selling commodities is compelling them to keep their shops shut.
Traders stated that more than 5000 shops were deluged due to the recent floods at Lal Chowk and adjoining areas and few have resumed their functioning so far.
Reports added that several shop keepers are still cleaning their shops that were inundated for more than 20 days and that the absence of the government machinery from the ground is multiplying the agonies of the flood torn business community. Also
He said as a result thousands of youth, who used to work as salesmen, would lose their jobs in case the government failed to rehabilitate them. (KNS)
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