| CCI president express economic hardships, disruption in business community | | |
early times report
Katra, Sept 17: Sh. Arun Gupta President Chamber of Commerce & Industry in a communication to Sh. Narindra Modi, Hon’ble Prime Minister of India expressed serious concern over the severe economic hardships and disruptions faced by the business community in Jammu & Kashmir. He said, our region has been severely impacted by a dual crisis, the tragic terror attack on April 22, 2025, and the subsequent security situation. This has been compounded by a series of devastating natural calamities, including heavy rains, landslides, cloud bursts and flash floods across many parts of Jammu division. The situation on the ground is dire, because of a cloud burst in Chakosti resulted in 70 deaths and left many people missing. The track of Mata Vaishno Devi was also severely damaged with 40 lives lost and around 100 people missing.Heavy Rainfall and flash floods have caused several bridges collapse and the rising water level of the Tawi River has submerged vast areas.
He further said these events have left a majority of business activities non-functional. We are confident that under your leadership, the Central Government will provide financial assistance to the effected families based on their actual losses.
Sh. Arun Gupta requested the Hon’ble Prime Minister of India to instruct Insurance companies to immediately release atleast 90% of the Insurance compensation for residential, commercial, or vehicle-related damages.
This will provide immediate relief to the victims and help them to begin the process of recovery. |
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