Wednesday, Sep 26 2018 | Time 06:06 Hrs(IST)
  • Asia Cup: Afghanistan pull off sensational tie against India
  • PM May says not in Britain's national interest to hold poll
  • Maldives to restore ties with India: Nasheed
  • Comedian Bill Cosby sentenced to three to ten years state prison for sexual assault
Business Economy Share

KCCI, JCCI present united front, press for resolution of various issues

Srinagar, Oct 6 (UNI) The Kashmir Chamber of Commerce and Industry and its Jammu counterpart - JCCI on Friday joined hands and pressed for resolution of issues confronting various business sectors, besides promotion of ‘Intra-Regional Tourism Circuit’.

Both the Chambers have in the past entered into serious confrontation over various issues, including implementation of Goods and Services Tax, beef ban and deportation of Rohingya Muslims.

The presidents of both the Chambers in a press conference here expressed concern at the losses to the
economy being caused by the lack of accountability in the Public Sector Undertakings (PSUs).
“A conservative estimate shows the current liabilities of these PSUs to be upwards of Rs 10,000 crore. In addition, the locking up of resources in the shape of infrastructure, land, manpower and potential has a consolidated negative impact – primary and consequential – running into lakhs of crores,” they said.

“Other important sectors like Handicrafts, Tourism, Power, Manufacturing, LOC Trade, Horticulture and Agriculture suffer due to the lack of a clear and proactive policy. A coordinated effort in this direction would go a long way in pulling our economy out of its present state,” they added.

They said the government should have a systematic and professionally managed promotional campaign to promote leisure, adventure, religious and border tourism as the real potential of this sector is untapped.

In order to counter the negative perception created about the state in rest of the country, both the Chambers suggested the state government to urge the centre to take a policy decision to instruct all departments/ministries to hold Departmental Conferences in Jammu and Kashmir so that people in rest of the country know the ground realities, culinary heritage and themselves see the peaceful atmosphere and the rich culture of the state.

“Although the Tourism Sector has been declared as an Industry in the year 1995 but the sector is being denied incentives as per the Industrial Policy by the Power Development Department,” they said.

In response to the support extended by the KCCI to the JCCI on issues of common interest of Trade, Commerce and Industry of the state, both Chambers have decided to unite in highlighting the focus areas and specific interventions required by the J&K and Union Governments.
More UNI ABS AE SHK 1822
More News

Jaitley launches Financial Inclusion Index

25 Sep 2018 | 11:08 PM

New Delhi, Sep 24 (UNI) Union Finance Minister Arun Jaitley on Tuesday introduced the Financial Inclusion Index (FII) which will be a measure of access and usage of a basket of formal financial products and services.

 Sharesee more..

Portal launched to give MSME loans upto Rs 1 cr within 59 minutes

25 Sep 2018 | 11:05 PM

New Delhi, Sep 25 (UNI) Union Finance Minister Arun Jaitley on Tuesday launched a transformative initiative in micro, small and medium enterprises (MSME) credit space in which they can take loans up to Rs 1 crore within 59 minutes only.

 Sharesee more..

Microgen may start a factory for its appliances provided it finds good response for its high efficient biomass

25 Sep 2018 | 8:13 PM

Kolkata, Sep 25 (UNI) Holland's Microgen Engine Corporation may start a factory for its appliances in
India in the next two years, if Globe Solutions finds good response for its high efficient biomass mCHP
which runs on free Piston Stirling Engine developed by Microgen.

 Sharesee more..

SpiceJet announces two direct daily flights from Amritsar to Bangkok & Goa

25 Sep 2018 | 7:51 PM

Chandigarh, Sep 25 (UNI) A private aviation company SpiceJet on Tuesday announced to launch its two new daily flights from Amritsar to Bangkok and Goa commencing on November 6, 2018.

 Sharesee more..

Singh & Associates law firm bags ‘Best Use of Knowledge Management Award’

25 Sep 2018 | 7:24 PM

New Delhi, Sep 25 (UNI) Singh & Associates, one of India's leading full-service law firms has been awarded the ‘Best Use of Knowledge Management of the Year’ at the recently held 14th Indo-US Economic Summit which was inaugurated by Commerce and Industry Minister Suresh Prabhu.

 Sharesee more..