The Kashmir Chamber of Commerce & Industry (Inc) led by the president Mushtaq Ahmad Wani held a meeting on Wednesday with the delegation headed by Yashwant Sinha, the former Finance and Foreign Minister of Government of India.
Asserting that there is no substantial impact of Kashmir unrest on J&K Banks business, its Chairman Parvez Ahmed today said loan accounts which have been badly effected by the unrest are being restructured
Due to the unrest in Kashmir, walnut growers are suffering for the past three months.This year, walnut production was fifty percent less as compared to last year due to the hot climate and walnut growers
National and multi-national companies operating across India have been incurring losses in billions due to prevailing Kashmir unrest. Despite being a consumer state, there is meager influx of commodities from different Indian states to Kashmir Valley
Current unrest in the Valley has further complicated the financial situation new JK Bank boss said today and warned that there would not be any bottomline growth in the next 18 months, resulting in "no dividend , no tax provisions and no contribution
District Handicrafts training center of Budgam is switching to e-commerce giants like Snapdeal, Flipkart and Amazon for promotion of traditional crafts, better marketing avenues and facilitating Sale-cum-Exhibition in and outside the state.
Governance in the state has never been about promoting and expanding public good(s) or merit goods; it has been and continues to be about disbursing patronage goods. One form of disbursing patronage in Kashmir has been to expand the public sector-
Finance Minister Arun Jaitley has expressed confidence that any economic impact arising from recent tensions with Pakistan and incidents like the surgical strikes undertaken by Indian special forces will be "extremely marginal".
Cross border trade between India and Pakistan remained unaffected in Jammu and Kashmir despite the surgical strikes by the army across the Line of Control (LoC), with 26 trucks crossing over to PoK and 13 from there reaching the Indian side.
Reserve Bank of India (RBI) has approved the appointment of Parvez Ahmad as Chairman and Chief Executive Officer (CEO) of the J&K Bank for a period of three years with effect from October 6, 2016. State government received the RBI .