Like our Facebook Page

news details

Jammu industry appeals for financial assistance: BBIA 8/30/2019 11:18:03 PM Early Times Report JAMMU, Aug 30: An urgent meeting of the members of Bari Brahmana Industries Associations was held today under the chairmanship Lalit Mahajan President in the presence of Tarun Singla, Sr. Vice President, Ajay Langer Vice President, Viraaj Malhotra General Secretary, Rajesh Jain Secretary and Vivek Singhal Treasurer BBIA and other members to discuss the acute financial crisis being faced industrial units. During the course of discussions, member present in the meeting raised the issue that due to stoppage of communications, the Industrial Sector supplying the goods to Kashmir Valley is suffering very badly as the unit holders have no contact with the buyers from Kashmir Valley resulting payments of crores of rupees held up for the supplies made in the month of July 2019. It was also highlighted in the meeting that the working capital of the units holders exhausted due to piling of Stocks in the units due to limited availability of transport for Kashmir Valley forcing the unit holders to curtail the production resulting the unit holders not able to pay the GST/Power Bills/Bank Interest on Working Capital and Term Loan in near future. The unit holders also facing the financial problem due to non-release of payment for the reimbursement of IGST/CGST/SGST to the Industrial Units as the claims of hundreds of crores is pending with the State Tax Department due to non-release of payment by Finance Department to Government Treasuries in spite of the facts that as per the Notification, the payment shall be released within 21 days from the date of submission of claims by the Industrial Units. BBIA appeals to the Governor to intervene in to the matter to resolve the issue on priority basis and also provide relief to the Industrial Sector for survival.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

Senior IAS officer on Govt radar because of his shoddy deals Despite DPR finalised, four road projects of Jammu stuck in papers Need your support, vote to become your voice: Munish to people Will distribute my salary among needy' Jammu bears Pak aggression, deadly shelling every 4 hours! Darbar Move' tradition to continue in Jammu & Kashmir ACB books father-son in disproportionate assets case Riding on development, Srinagar to get first Metro soon Terrorists threaten locals in Sopore to keep shops shut NIA summons top Delhi doctor in J&K terror funding case after misreading medical jargon Kashmiri businessman Zahoor Watali found guilty of foreign exchange act violations Administration committed to best development of Kargil: Guv Anayat, Bhagat open flood-gate in PDP 'Pak Army puppet ruling Pakistan, last elections were fixed'

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE