Like our Facebook Page

Early Times Newspaper Jammu, Leading Newspaper Jammu
Breaking News :   DIV Com Ladakh chairs Civil military liaison | Kranti Social & Education Foundation Trust organized a medical awareness camp | PDD employee to hold 72 hours strike against unbundling JKPDD | Khajuria, Sethi distribute ration among inmates of Deaf & Dumb Ashram | One day awareness programme organized | 'Moderate your rhetoric otherwise you will end up losing PoK' | Possible infiltration from Poonch Sector puts Jammu on alert | JK Admin to trash SRO 202 before Oct 31, this year | Dev works now rely on local labourers | J&K governor says Jammu, Srinagar will have 24-hour power supply in winters | 5 vegetable and fruit market projects halted by Horticulture dept due to paucity of funds | Development in J&K will prompt people in PoK to revolt and join India: Governor | Kishtwar administration issue advisory to Schools, colleges | 3 years on, Power Transmission Station for industries yet to see light of day | Terror groups sealing shops, pasting threatening posters a regular feature in Kashmir | Munish asks people to arise, play proactive role for development | Commissioner FDA reviews functioning of department | BJP gen secy (org) B L Santosh arrives in Jammu on maiden visit | Will distribute my salary among needy' | 111 kilograms of polythene seized | People stage protest against PDD | Ex Legislator starts UEED works in Ward 35 | Abrogation of 370,35A great decision of centre: Sharma | Terrorists didn't land from Moon, they come from Pak': EU Parliamentarians back India on Kashmir | Rs 9.47 lakh compensation provided under SDRF | Congress expresses concern over privatization of PDD, penalties under MV Act | JSSJ student outperforms in U-17 badminton championship | New India Assurance launches drive to insure uninsured vehicles | Power shut down | Awareness programme on SWD organized | Mahajan demands up gradation of District Hospital Jagti | Residents of Channi Himmat facing problem of poor service of BSNL Broadband | Police register kidnapping case | Pak is responsible for plight of Kashmiri Pandits in Kashmir: KPC | ABVP celebrates 126th anniversary of Swami Vivekananda's Chicago speech | JU celebrates world ozone day | GDC Kathua starts campaign on Swachhta Hi Sewa | Rajouri PG College forms Alumni Association | Shamsher Singh visits Khour block, urges to avoid single use of plastic | Disaster Management awareness camp held | MAM, SPMR colleges become chess champions | JW, LCC register wins in JSK Range Friendship Cricket Cup | Seminar on Gandhian philosophy held | Light Vocal Solo competition held on 4th day | DPS Nagbani holds workshop on assessment system | Symposium on "Ozone Layer Depletion & Climate Change" organized | Major reshuffle in JK administration: 3 IAS, 49 KAS officer transferred | SK Sharma's book on Hindustani stage play "Parwaaz" released | IGP Visits Kishtwar, Doda to review security scenario | Army takes down Pak intruder | IECS students excel in debate competition | 3 BSNL Exchanges defunct in Mendhar | Div Com reviews availability, supply of construction material in Jammu | DPS Jammu wins Inter-District Fencing Championship | CVC chairs meeting of District Vigilance Officers | Centre's power push in J&K, RK Singh inagurates 15 projects | Ganai chairs 81st meeting of Provident Fund Organisation | Kansal inspects pace of work on upcoming Govt quarters at Jammu | Ganai chairs 81st meeting of Provident Fund Organisation | PIL highlighting deficiency of sports facilities in J&K | Nine mortar shells found along LoC, defused | Delay in bunkers construction annoys residents in J&K's bordering districts | Police remand of 3 JeM terrorists extended by 5 days | Advisor Skandan to hear public grievances at Jammu on Sept 20 | Rs 16.5 crore released for completing major drinking water, drainage projects | Growing Public discontent about newly promulgated Motor vehicles rules | Review of the book "In the Times of Article 370" | Peace threatens on the LoC | Back Issues  
news details
Aftermath of Article 370's abrogation; Bathindi Traders concerned over immediate losses, hopeful of bright future
8/21/2019 10:59:25 PM

Early Times Report

JAMMU, Aug 21: Even as people of Jammu and city are by and large supporting the abrogation of Article 370, the business in Jammu has taken a severe hit as most of the markets are witnessing a slowdown due to the restrictions imposed for few days and the simultaneous snapping of mobile internet facility in the city following the scrapping of Jammu and Kashmir's special status on August 5.
"The union government's decision to scrap special status and bifurcate the state has taken a heavy toll of the business as customers are not in a mood to buy valuables since they are paying attention to purchase essential commodities for households mainly due to disturbed situation prevailing in the city," said Sharief Hussain Malik, owner of an electronic gadgets showroom at Bathindi, an area in outskirts of Jammu city.
Malik said that the abrogation of Article 370 has its benefit as well as disadvantages. The future of small shopkeepers is under threat as big investors will pose a big challenge in the times to come.
While Rahil Rashid, proprietor of a Departmental Store in Bathindi, said that the restriction imposed after abrogation of Article 370 has surely affected the business in the area where only 10-20 percent of population is local and the rest comprises of outsiders adding that when consumers are not present who will make purchases.
"Bathindi has only 20 percent local population while all others who stay here are from Poonch, Rajouri, Kashmir, Leh, Kargil and Ladakh. The outsiders including students went back to their native places after scrapping of Article 370," said Rahil Rashid
"Business has slowed down due to the prevailing situation. The traders are not getting the return in proportion to what they had invested. Snapping of mobile internet facility has also contributed in the slump. POS machines are lying defunct due to no internet. The restoration of normalcy in business activity will take some time," he added.
Gazanfar, owner of a Furnishing House and Irfan Ahmad, owner of Readymade Garments showroom, said that the customers are hardly visiting the market under the present circumstances due to which the sales have dropped by 20 to 30 percent.
Shakti Singh, another Readymade Garments Showroom owner, said that the business is presently going through a rough patch as the daily sales which were as high as Rs 15000 to Rs 16000 has come down to only Rs 2000-3000 due to the restrictions and non-availability of mobile internet facility as people as well as merchants are not able to make or receive online transactions.
Singh further said that the abrogation of Article 370 is good for Jammu people and it will yield positive results in the future.
Ashish Sharma, owner of a Furniture Showroom, said that the business has badly hit but it will recover soon as soon as the complete normalcy is restored in the city adding that scrapping of Article 370 will prove a boon for the common man as well as the business community of Jammu.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
Early Times Android App
BSE Sensex
NSE Nifty
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
J&K Govt. Official website
Jammu Kashmir Tourism
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
Train Enquiry
Jammu Kashmir Bank
State Bank of India
Passport Department
Income Tax Department
IT Education
Web Site Design Services
Jammu University
Jammu University Results
Kashmir University
IGNOU Jammu Center