Panun Kart.com
Driven by the sense of creating a niche in online shopping, an engineering graduate from NIT Srinagar has come up with an online portal....
A CBM Hijacked
Lured by waived custom duties, Delhi based traders are trying to infiltrate Cross LoC trade meant only for the two sides of Kashmir. Hamidullah Dar reports.
The cross LoC trade in Jammu & Kashmir is experiencing a ‘hijack’ by traders from Delhi. That is at least what traders from Kashmir were contesting, forcing the custodian officer of Trade Facilitation Centre at Salamabad in Uri to send back 33 vehicles to Chakoti TFC on May 6.
The barter trade initiated between the two parts of Kashmir last year exempts traded goods from customs duty. Experts say that these tax concessions are luring the Delhi based traders to exploit the opportunity while keeping the locals at bay.
CuK’s “precondition” disgruntles book suppliers of valley
Bilal Handoo
SRINAGAR
The book supply lines that feed libraries of educational institutes across Kashmir aren’t always devoid of dubious deals. At least, this is what...
Dying art
The beautiful Panjrakari that for centuries decorated Kashmir’s mosques, shrines and some government buildings may soon be a thing of past as very few...
A Barber Deficit
As lockdown restricted people to their homes, hairy individuals are desperate to unburden their skulls. The added tensions are that the hair-styling sector has...
Home Cooked Tiffin
At the peak of the August 2019 lockdown, when office-goers faced starvation owing to the closure of the eateries in Srinagar, a young couple...
Nun Chai Samavar
Now when electric power and a whole range of innovations have started impacting the traditional ways of cooking and serving Kashmir foods and tea,...
Barter’s Fear Factor
Traders who barter select merchandise at two windows on the LoC since October 2008 have managed an overall turnover of Rs 1600 crore since...
A Dutch man in Kashmir
A Dutch man is living in Kashmir for five years, making and selling Dutch cheese. Hamidullah Dar meets Chris Zandee to find out what...
A Lost Mat
Paltry returns and social stigma attached to waguv weaving is killing the trade fast. Kashmir is on the verge of losing an indigenous skill,...
Recession blues: unrest ahead
Global Recession has not spared Kashmir in spite of its isolation, but experts say the real impact is still in offing. Some two to...
CPEC Impact?
Kashmiri expats in Dubai admit the CPEC is a major development in the region and may impact Kashmir but insist the golden glass emirate...
Global meltdown and Islamic financial systems
Zamir Ahmed
Now that the dust of the fallen financial empires has settled, the reasons behind this cataclysm have become common knowledge: inadequate discipline in the financial system resulting from the absence of profit and loss sharing (PLS); the mind-boggling expansion in the size of derivatives, particularly Credit Default Swaps (CDS); and the belief of the banks that central banks will come to their rescue.
Excessive and irrational usage of derivatives was the prime cause of this multi-faceted crisis. Derivatives are financial instruments that allow the transfer of risk about the value of the underlying asset from one party to another. George Soros—of the South Asian Crisis fame—calls them Hydrogen Bombs while as Warren Buffet, the famous investor and businessman, has named them financial ‘Weapons of Mass Destruction’.
Now that the dust of the fallen financial empires has settled, the reasons behind this cataclysm have become common knowledge: inadequate discipline in the financial system resulting from the absence of profit and loss sharing (PLS); the mind-boggling expansion in the size of derivatives, particularly Credit Default Swaps (CDS); and the belief of the banks that central banks will come to their rescue.
Excessive and irrational usage of derivatives was the prime cause of this multi-faceted crisis. Derivatives are financial instruments that allow the transfer of risk about the value of the underlying asset from one party to another. George Soros—of the South Asian Crisis fame—calls them Hydrogen Bombs while as Warren Buffet, the famous investor and businessman, has named them financial ‘Weapons of Mass Destruction’.
Rather Readies For Budget
With the parliamentary polls over, J&K government has started resuming normal activity. On top of the agenda is the state budget that government is planning to present formally for seven months of the fiscal 2009-10.
To begin with, sources said, finance minister Abdul Rahim Rather will have detailed interactions with trade leaders, industry chieftains and individuals with know how of the subject. “The government has some hard ideas in mind and they would be laid on the table as part of the budget,” a source informed.
To begin with, sources said, finance minister Abdul Rahim Rather will have detailed interactions with trade leaders, industry chieftains and individuals with know how of the subject. “The government has some hard ideas in mind and they would be laid on the table as part of the budget,” a source informed.
High Tea @ LoC
Traders at Chakan da Bagh in Poonch have been regularly interacting for almost two years now, but India and Pakistan finally permitted the maiden...
