Govt’s Rs 800 crore relief not acceptable: Valley traders

Srinagar: Kashmiri businessmen whose trade was devastated by the floods in September last year Friday said that Rs 800 crore kept for their rehabilitation by the government from the Prime Minister’s package “is not acceptable to us”.
Kashmir Chamber of Commerce and Industry (KCCI) said the traders hit by floods were already hopeless with the government after it dilly-dallied with the relief and rehabilitation.
“Now, this is no surprise to us. We knew the government cannot do anything for us,” President KCCI Mushtaq Wani told KNS.
Finance Minister Haseeb Drabu has said that Rs 800 crore assistance has been provided for relief to be paid to the flood-affected traders from the revised package announced by the Prime Minister Narendra Modi in Srinagar on November 7.
The traders said they have estimated a total loss of Rs 70,000 crore to their trade due to last year floods in the Valley.
Wani said that the government cannot do anything more now because they had made much brouhaha that Modi will announce huge package for Kashmir.
“Now the cat is out of the bag. And the traders are completely disappointed,” he said.
Yasin Khan President Kashmir Traders and Manufacturers Association told KNS that the government has completely failed the people affected by the floods.
“Traders suffered 100 per cent loss to their trade across the Valley. PDP befooled people only to come to power, and to be in power. What will each of the flood hit get when the total number of affected families is 15 lakhs,” Khan told KNS.
“Basically through this so called rehab package this corrupt government wants to fill coffers of their corrupt ministers and officers and this we will not tolerate,” Khan said.
Showkat Chaudhary President Kashmir Economic Alliance told KNS that the amount of Rs 800 crore for flood hit traders “is a big ridicule to us”.
“The money is not acceptable to us,” Chaudhary told KNS.
He said that the businessmen will meet to evolve consensus how to act after the announcement. (KNS)

Follow this link to join our WhatsApp group: Join Now

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.



Leave a Reply

Your email address will not be published.