x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   JK's 'transfer industry' follows cashless transaction' | Leaders planning coup to overthrow Chairman, his Son | Senior Cong leader wants PDP to sack BJP V-C for clipping MD's wings | BJP workers threaten to kill ACD Rajouri | Babu allows 'golf-buddy' to construct complex illegally in restricted zone | SSB makes mockery of recruitment rules, asks candidates to reappear in written test | Rs 10 cr liability, but chairperson enjoys huge perks | JKBOSE to promote 'blue-eyed' officers | 28 NGOs to provide copies of ITR under RTI | Chances for AFSPA revocation diminish | Sports in winter capital dying slow death, courtesy JKSSC | Congress hobnobbing with Hurriyat will destroy it completely | Govt to fill 414 posts of Assistant Professors for colleges shortly | Will Modi Govt announce ceasefire during Ramzan period ? | GMC docs treat hospital's labs with disdain | GCW NSS volunteers awarded by JU VC | Satwari Zone, Miran Sahib Zone lift Inter Zone Cricket title | SMVDU alumnus invited for meet the author | JSS organizes recitation competition | MV International school felicitates under 17 football team | HPS students win final Kho Kho match, bring laurels for school | Nat Manch stages play "Nasha" at IGDH | DPS organizes inter-house group song competition | JPS organizes Investiture ceremony | JMC launches anti-encroachment drive | Sangeeta Gupta accorded warm farewell | People looking towards Congress to get rid from the mis-governance of PDP-BJP : Saroori | Sant Mela Singh College of Education celebrates annual day | Swimming competitions held | HSS Rajgarh, boys , HSS Ramban girls clinched Kabaddi U/19 titles | 2 PoK boys held from Karnah | 2 BAT attackers killed as Army foils ambush by Pak troops on LoC | HC may get 3 new judges soon | Udhampur MC accused of inaction | Hottest day in Jammu at 41.7 degrees | Alleged LeT operative denied bail | CEO Rajouri recommends de-recognition of private schools | HC directs Sr AAG to file ATR within two weeks | HC directs govt to constitute dental council | Probe ordered into bus mishap rumour | Inquiry establishes medico's absence from duty | Diarrhea flu cases increases to 1426 over a week in Mendhar | Road from Harwan to Dachigam gets special attention to appease babus, mantris | Contractual lecturers hunger strike surpasses 100 days | Corruption-free governance hallmark of present dispensation: Zulfkar Ali | Triple talaq: Will the custodians of the Constitution let custom triumph? | INDIA'S PULSE DILEMMA | Arrest followed by Adventures of Bail - A Follow up | Trump asks Muslim leaders to curb terrorism | Summer vacations in schools from May 29th | Dy CM for collective efforts to make Jammu towns ODF by Dec 2017 | Mehbooba for early completion of protection works on Jhelum | Aiyar's 'peace initiatives' add to Cong's miseries | KU's benevolence: Failed in entrance exams, students admitted in PhD courses | UT status to Ladakh: BJP backtracks from its promise | PTTI Vijaypur donates water cooler, purifier to GPS Bakarwal Colony | 2 minor girls trapped in Chenab waters, saved | On NGO's intervention, police register FIR in missing of minor girl | PM Digital India scheme failed in JU : NCSU | Major Gogoi's human shield action prudent, FIR against him can be quashed by court: Jammu and Kashmir BJP | JKBWA pays tributes to Kargil war hero Tarsem Lal | JKNPP stages protest demonstration against government | Youth Congress protests over failures of Modi Govt. | RDD employees' pen-down strike enters day 3 | J&K to install devices for better 24X7 monitoring for pollution | LMD imposes Rs 77700 fine on erring traders | Power shutdown | Far flung area people lack basic amenities : Basotra | Clashes erupt in Srinagar, Sopore in north Kashmir after Friday prayers | Forest department retrieves 100 kanals land | Ajaz Jan seeks 100 pc ration coverage of LoC population | Solve murder mystery of nursing teacher: Ravinder | Govt modifies transfer order | J&K Assembly Secretariat violates RTI Law with impunity | Geelani makes a comment on Army, Congress leader Mani Shankar Aiyar laughs | JKGB organizes Atal Pension Yojana campaign | FMHW district wise dharna enters day 12 | Hail storm hits Kishtwar: damages crops, fruits | Chief cleric, member civil society demand impartial probe in May 16 mysterious blast case | Back Issues  
 
news details
J&K suffered Rs16,000 crore loss during unrest in 2016
1/10/2017 11:21:44 PM
Early Times Report

Jammu, Jan 10: Jammu and Kashmir suffered losses to the tune of over Rs16,000 crore during the five-month long unrest in the Kashmir Valley due to complete halt of economic activity coupled with loss of property worth crores of rupees.
"Losses caused due to the unrest from July 8 to November 30, 2016 are estimated at more than Rs 16,000 crore," Economic Survey 2016 report tabled by minister for finance Haseeb Drabu in the Jammu and Kashmir Assembly on Tuesday stated.
The chapter "Economies of Uncertainty and Conflict" of the report said that in 2016, the civil strife caused tremendous miseries, loss of life, complete halt of economic activity in the Valley coupled with loss of property worth crores of rupees. "The scraping of internet services, mobile and phone services for long spells during the turmoil made communication in the state very difficult. Hartals, bandhs, stone pelting, curfews and restrictions immobilised life in all the 10 districts of the Valley," it said.
The medical services were badly affected. Chronic patients suffering from cancer, heart diseases and those requiring dialysis, continue treatment and check up had to suffer a lot.
Lack of primary treatment resulted in death of some of the patients, it said, adding that security-related expenditure is over and above the losses caused due to the 2016 unrest.
On the issue of macro-economics costs, it said the conflict has reduced per capita GDP growth, FDI inflow, exports and trade flow in the state.
"It has reduced domestic investment and savings, redirected public expenditure to security-related expenditure and reduced tourist inflow, tourism receipts and demand for transportation," it said. The number of tourist who visited the Valley in 2015-16 stood at 6,23,932 including 2,20,490 Amarnath yatris.
"The tourist season had last year started in April and was in full swing up to 7 July. The remaining about four months remained completely tense and registered closure of all activities due to turmoil resulting in almost zero arrival of tourists in the Valley," it said.
The disappearance of tourist in the Valley during four peak months resulted in loss of business to hoteliers, restaurants, houseboats, handicrafts, poniwallas, transporters, shikara walla and so on, it said adding the revenue loss in the second quarter of 2016-17 was of Rs751.97 lakh (80%) compared to revenue realisation of Rs936.89 lakh in Q2 of 2015-16.
  Share This News with Your Friends on Social Network  
 
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU