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Business community worst sufferer, Losses touch Rs 12, 000 crore Kashmir violence 7/23/2016 11:08:04 PM Ishtiyaq Ahmad Early Times Report Srinagar, July 23: Ongoing unrest in Kashmir, which has seen the Valley losing over 45 lives, has resulted in a loss of over Rs 12,000 crore worth of business. The flames of unrest began with the killing of a Hizb commander on July 8. Economic analysts claim that the loss was because of the closure of offices, non-generation of tax revenue, including sales tax, power tariff. " It is not possible to assess actual loss on ground, but approximately business worth Rs 12,000 crore has been lost in the last 12 days in Jammu and Kashmir.," said one of the economist. The stakeholders of tourism said that they were expecting more than four lakh pilgrims during the Amarnath yatra and lakhs of tourists were also expected in Kashmir as well Jammu during the month of July this year. "But the ongoing turmoil in Kashmir has cancelled the trip of thousands of tourists and pilgrims and it will also affect tourism and pilgrimage in the coming months," Mohmad Ismail a tour operator told Early Times. He said that the peak season for tourists and pilgrims in Jammu and Kashmir is June and July, but the unrest in the Kashmir valley has spoiled the season. Hoteliers also claimed that advance bookings for the month of July have been cancelled by tourists due to uncertainty prevailing in the state because of Kashmir unrest. The major towns of the Kashmir including Srinagar city have all witnessed violence, arson and deaths from last 12 days. The education system in the Valley has become a collateral damage in the cycle of unrest and curfew imposed by the state government. Despite claims of the state government that schools were functioning normally in the four districts of the Valley, the students have stayed home. The other casualty of unrest in Kashmir is unorganized labour class.   Share This News with Your Friends on Social Network     Comment on this Story

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