news details |
|
|
As JK admin talks of ‘Ease of Doing Business,’ local business units face extinction threat | | | Early Times Report
JAMMU, Mar 6: Even as the administration in Jammu and Kashmir has been “talking tall” about introducing “Ease of Doing Business”, scores of local business units in J&K complain of being at the verge of extinction. The administration has been claiming that after “dismal performance for over seven decades in the industrialization sector”, Jammu and Kashmir has entered into “a new age of developmental trajectory” with the integration of ‘Single Clearance Window Portal’ with the National Single Window System (NSWS), from industrial units to other business ventures, the local entrepreneurs, who had been struggling for survival say “things have become so tough due to babu raaj that many of them may face closure soon.” The administration has been blowing the trumpet when the industrialists have already pressed the “panic button.” In September, the business community of Jammu and Kashmir claimed that 85% of the industrial units may face closure in the valley by current fiscal end and demanded that the government should include these existing units in the Prime Minister’s package to save them from shutting down. While the industrialist in Jammu are making similar claims, the Federation of Chambers of Industries Kashmir delegation had told it to union minister Som Prakash to express their concern and urged him to plead their case before the government and the policy makers. “The recently-launched Rs 28,400-crore central industrial scheme has generated a new hope among both existing and prospective entrepreneurs, but we have observed some shortfalls in the scheme, which may act as severe impediments to meet the target,” the FCIK delegation led by its president Shahid Kamili had told the minister. The businessmen of Jammu, on the other hand, have been taking to streets to protest one decision of the “babu raaj or the other.” “From new guidelines which have crushed the liquor trade to restrictions on historic durbar and the woes of power in particular, the business community in Jammu is suffering unheard,” said a businessman. But the government has been telling a different story. It says that the launch of single clearance window portal shows the commitment of the government led by Lieutenant Governor, Manoj Sinha to strengthening the industrial ecosystem in a manner that percolates the benefits to all sections of the society in Jammu-Kashmir. J&K was the first among the Union Territory to be integrated with NSWS, a 2020 budgetary announcement of the Government of India, is a digital platform for the investors to get approvals for their projects in online mode. “While 130 industrial services have been made online on a single-window system, over 160 more services would be integrated this year.” “How does integrating online services with a national portal mean that JK has succeeded to improve business activities when the reality is altogether different,” asked a businessman. The business community has been saying that the Prime Minister Narendra Modi who has the vision of Naya Jammu and Kashmir should get the complaints of “misgovernance, corruption and babu raaj be probed.” |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCK UPDATE |
|
|
|
BSE
Sensex |
|
NSE
Nifty |
|
|
|
CRICKET UPDATE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|