x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Back Issues  
 
news details
Despite constrains cross LoC trade touches Rs 25000 crore mark
1/14/2014 11:26:10 PM
Srinagar, Jan 14: Despite constrains including lack of banking facilities, consumer goods worth Rs 25000 Crores have been exchanged from the both sides of the Line of Control (LoC) through Kaman Post in Uri of Kashmir.
"Since, August 21, 2008 when the cross LoC trade started as a Confidence Building Measure (CBM) between the two sides of the LoC, during 564 days of trade, more than 27,84, 885 quintals of goods were imported and exported which include handicrafts, spices, vegetables and dry fruits," Hilal Turkie, General Secretary of Salamabad-Chakooti Trade Union told said.
He said that more than Rs 2,26,66,035 was given to the labourers for 840 days of labour while as more than 37000 drivers exchanged the goods. "The truck (transport) industry has earned Rs 24,32,76000 since the trade between the two sides of the border started."
As per reports traders associated with Cross LoC trade paid more than Rs 20 Crores as Value Added Taxes (VAT) to the state government.
Which talking to Kashmir based news agency KNS, General Secretary of Salamabad-Chakooti Trade Union, Turkei also added that when the cross LoC started, more than 600 traders of the state got involved in it but due to the non- availability of communication facilities, banking and cold storage, the number of traders as on today have reduced to 80. Attributing the lack of facilities to discourage and dampen the enthusiasm of the cross LoC traders, he said, "We (cross LoC traders) want that the cross LoC traders be given the special permit and the facility of banking and cold storage facilities for storing perishable items." "We also demand that a trade fair shall be held on every three or six months so as to project the significance of the this unique effort and so that cross LoC trade could attain new heights." (KNS)
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK 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