CIK seeks tax holidays, cut in user charges to rejuvenate economic sectors

CIK seeks tax holidays, cut in user charges to rejuvenate economic sectors
Representational PhotoFile/ GK

Srinagar: The Associated Chamber of Commerce and Industry Kashmir (CCIK) Tuesday urged the LG administration to announce tax holidays for traders and hoteliers, cut in power tariff, and sanitation fee so that business sectors can receive relief.

According to a press note, an Executive Committee Meeting of CCIK was held today. President Tariq Rashid Ghani presided over. CCIK said business establishments in the Valley are facing slump in the winter as the purchasing power of the common Kashmiris have also reduced due to COVID-19.

As part of economic relief to the traders, the CCIK said government should announce major relief for the economic sectors which have not come out of the slump due to continuous impact of COVID-19.

Ghani informed the members in the meeting that he has scheduled a meeting with Lieutenant Governor Manoj Sinah to apprise him about the problems and issues the common traders and hoteliers are facing in the Valley.

The CCIK also expressed concern over the frequent power and mobile internet outage in the valley causing lot of hurdles for the businessmen and students.

The members also urged LG administration to keep ample stock of the essential supplies in the Valley in view of the snowfall predictions.

"We also urge the government to improve the road connectivity so that Srinagar-Jammu highway remains open during bad weather and commuters do not suffer," the members said.

Greater Kashmir