Kashmir shutdown caused losses of more than Rs 100 billion, trade body says
5 years, 1 month ago

Kashmir shutdown caused losses of more than Rs 100 billion, trade body says

India Today  

Economic losses in Kashmir have run well over a billion dollars since the Centre revoked its autonomy and statehood in August, the main trade body in the Himalayan region said, adding that it planned to sue the government for damages. The central government turned erstwhile state of Jammu and Kashmir into a federally-controlled territory, tightening control in a shock move it said would rein in militancy in the region, and promote its development. It estimated economic losses ran into least Rs 100 billion by September, but now exceeded that, said Nasir Khan, its senior vice president. "We'll ask the court to appoint an external agency to assess the losses, because it is beyond us," said Khan, adding that the telecoms blackout in the region meant the body could not reach business owners by telephone to prepare estimates.

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History of this topic

Podcast; Voices from the Lockdown: Kashmir's economy, one year since Article 370's abrogation
4 years, 4 months ago

Podcast; Voices from the Lockdown: Kashmir's economy, one year since Article 370's abrogation

Firstpost  

This episode of Voices from the Lockdown will attempt to highlight dying tourist revenue and the crumbling economy in the valley, through interviews with various stakeholders from Kashmir. The Kashmir Chamber of Commerce and Industries estimated that Kashmir’s economy suffered losses to the tune of ₹40,000 crores since the abrogation of Article 370 and Article 35A in August of 2019. …

Kashmir sees more than $2.4 billion losses since lockdown: KCCI
5 years ago

Kashmir sees more than $2.4 billion losses since lockdown: KCCI

India Today  

A lockdown in Kashmir has cost its economy more than $2.4 billion since the government stripped it of its special status, officials of the Himalayan region's main trade organisation said on Wednesday. The government in August revoked the constitutional autonomy of Jammu and Kashmir, India's only Muslim-majority state, splitting it into two federal territories in a bid to integrate it …

No specific report on financial losses in Kashmir following revocation of Article 370: MHA
5 years, 1 month ago

No specific report on financial losses in Kashmir following revocation of Article 370: MHA

India Today  

The Ministry of Home Affairs said on Tuesday that it has no specific report on losses incurred by Kashmiris following the revocation of Article 370, which granted special status to Jammu and Kashmir. The MHA, in a response to a question raised by Rajya Sabha MP Shanta Chhetri, said, "There is no specific report received from Jammu and Kashmir government …

Kashmir is on lockdown, but Modi touts its investment potential
5 years, 4 months ago

Kashmir is on lockdown, but Modi touts its investment potential

Al Jazeera  

Modi says revoking Kashmir’s special status paves the way for economic development. New Delhi, India – A few days after Jammu and Kashmir’s special status was eradicated, Prime Minister Narendra Modi claimed that the now-abolished Article 370 of India’s constitution – the provision that had guaranteed special rights to Muslim-majority J&K – had also hampered its economic development. “I don’t …

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