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| Kashmir unrest cost J&K Rs. 700 crore | | | EARLY TIMES REPORT
JAMMU, Jan 19: Jammu and Kashmir government lost Rs.700 crore during last year's summer unrest in the Kashmir Valley by way of damage to infrastructure and cost of ferrying employees to their duties.
This figure does not include loss state suffered in the tourism and industrial sectors. Losses were due to damage to public property, police stations, railway stations and public transport during the summer unrest in Kashmir, which left 112 people dead.
Economic loss to valley because of shutdowns and protests was estimated at over Rs.10,000 crore. Loss was because of closure of offices, non-generation of tax revenue because of frequent shutdowns and stone-pelting. Besides, there was a huge loss because the employees had to be ferried to their places of work to enable them to be in their offices during curfew restrictions.
Government will also have to shell out extra money to repair or reconstruct the public properties. State government is likely to seek the help of the central government in meeting these extra expenses. Much of the working season was lost because of unrest.
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