An equalisation levy may now be applicable in Jammu & Kashmir after the central government abrogated Article 370 on August 5. As per a report by Business Standard, industry experts believe the tax may be applicable to the region but only after specific amendments are made. Equalisation levy is a form of direct tax levied on digital … Read more
With nearly one crore pilgrims visiting the Vaishno Devi shrine in Katra annually, the animal husbandry department has started a programme to encourage farmers to establish dairy cooperatives to cater to the growing demand for dairy products locally. A large number of farmers in Reasi district have shown interest in the dairy sector, but in … Read more
Village Sarain is located at a distance of near about 13 kilometers from Samba city. One has to turn left from Mansar Morh and reach main market of Nud Block. After crossing bridge next to Nud, one has to again turn left to reach Sarain. The cropping pattern of the village comprises of maize as … Read more
Jammu & Kashmir is one of the leading silk producing states in the country. In J& K there are various villages where the sericulture is considered as an important activity for the farmers. Sericulture involves the rearing of silkworm, collection of cocoons and their delivery for reeling purpose, reeling of raw silk from the cocoons … Read more
In a major achievement, Income Tax Department has collected highest ever Rs 1118 crore tax in Jammu and Kashmir and increased the number of assessees by nearly 89,000 during the just concluded financial year 2018-19 financial year .Where as in 2017-18 financial year the gross tax collection was to Rs 966 crore. During 2016-17 financial year Rs … Read more
On one hand Jammu is aspiring to become a metro city and on the other, Jammu Municipal Corporation is facing financial crunch. Astonishing it may sound, but a big store earns more than what JMC manages to earn each month. On an average, JMC collects revenue of mere Rs 2 lakhs. Ironically, the salary bill of … Read more
The Jammu and Kashmir State Administrative Council (SAC) recently has approved the ‘State Health Care Investment Policy-2019’ aimed at promoting private parties and entrepreneurs to set up healthcare infrastructure in the state. The policy is expected to improve accessibility of quality healthcare services to the people, promote establishment of hospital, medical and allied educational infrastructure and establish the state … Read more
Curfew & Internet shut down in Jammu has severely damaged the economy of the region as traders claim they lost over Rs 1,000 crore during the last six days. The administration has lifted the day curfew but Section 144 is still in place. A one-day call of a Jammu bandh by the Chamber of Commerce … Read more
In order to incentivize the newly established units and the units undergoing substantial expansion, J&K Government accorded sanction to the notification of the scheme namely the ‘Jammu and Kashmir Reimbursement of State Taxes for encouraging investments for industrial development’. Here are things to know about Jammu & Kashmir Reimbursement of State Taxes’ scheme: The industrial unit … Read more
Cross-LoC trade between India and Pakistan in Jammu and Kashmir and Pakistan-occupied Kashmir goes on, despite frequent cross-border skirmishes. The trade was introduced with a hope that it would act as a major Confidence Building Measure (CBM) between the two countries. Here are few interesting things to know about cross-border trade between India and Pakistan … Read more
The Goods and Services Tax has had a “negative” effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Centre should reconsider the indirect tax regime on tourism-related activities in the northern state. The Committee on Development of Tourism in Jammu and Kashmir, in its report, said according to the stakeholders, … Read more
The Income Tax Department has been collecting around Rs 1300 crore annually in the state. According to Central Board of Direct Taxes (CBDT) data, Rs 1302 crore have been recovered by the Income Tax Department from assesses during the financial year 2017-18. The direct tax collection has increased from Rs 711 crore in 2010-11 to … Read more
The Jammu & Kashmir Government has recently rolled out the ‘’Start-Up Policy-2018’’ which will be in force for the next 10 years for inspiring and nurturing a new breed of entrepreneurs. Here are 5 things to know about it: The policy will facilitate and nurture the growth of at least 500 new start-ups in Jammu … Read more
Flydex Automobiles Pvt Ltd, a start-up funded by Shri Mata Vaishno Devi University-Technology Business Incubation Centre, bagged the third prize among the top 20 start-ups shortlisted from 112 entries in the green energy category at the Rural Innovators Start-up Conclave-2018. The conclave was jointly organised by the National Institute of Rural Development and Panchayati Raj, … Read more
Aromatic and organic basmati rice from Jammu is gaining popularity in the international market rapidly. The J&K state produces 1 lakh metric tonnes of exotic varieties of basmati rice in Jammu, Samba and Kathua districts in areas along the 198-km International Border with Pakistan. Around 30,000 metric tonnes is exported every year. The areas where … Read more
The city of Jammu is an important trading center in the northern part of our country. However, even after repeated attempts by the government and the people of the area, the manufacturing industry in the region has not flourished and has remained confined to a few pockets. Against this backdrop the news of an Initial … Read more
Jammu based food processing company enter the capital market with an initial public offer (IPO) of over 64 lakhs equity shares – the first private sector company of the state, and overall the second after JK Bank, to list at stock exchanges. The equity shares are proposed to be listed on the SME platform of … Read more
In a significant move, a high-level delegation of the Dubai Ports Group led by its Chairman and CEO Sultan Ahmed Bin Sulayem arrived by a chartered flight here this morning to discuss with the State Government the modalities for setting up Inland Logistic Hub in Jammu and Srinagar. Immediately on their arrival here, Sultan Ahmed … Read more
The Economic Survey Jammu & Kashmir 2017 brought out eight interesting facts about our state. State Economy: The Economy of the State is expected to register a growth of 8.49 per cent (Advanced) in 2017-18 at constant prices of 2011-12 as compared to the growth rate of 3.29 per cent during 2016- 17. Net State … Read more