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Tag: kashmir chamber of commerce and industries (kcci)

  • People Not In A Position To Bear The Burden Of Paying The Property Tax At This Stage: KCC&I

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    SRINAGAR: The Kashmir Chamber of Commerce & Industry (KCC&I) has expressed its opposition to the government’s decision to impose property tax in Jammu & Kashmir. In a recent meeting of the Executive Committee, the KCC&I stated that the sentiment of trade, commerce, and industry in the union territory is low, and people are not in a position to bear the burden of paying the property tax at this stage.

    The KCC&I believes that Jammu & Kashmir has undergone a long spell of disturbed periods during which time businesses and citizens have suffered and depleted their assets and lifetime savings. While some sectors have shown signs of revival, it is not advisable to burden people with more taxes, especially considering the post-Covid economic scenario.

    The KCC&I draw the attention of authorities to the global sentiment of revival and requests them to reconsider imposing property tax, at least until the economic scenario stabilizes. The Union Territory of Jammu & Kashmir being a landlocked tier 3 state, cannot be compared justifiably with Delhi, Chandigarh, or other UT or states, the KCC&I added.

    The KCC&I appeals to the administration to put the notified property tax on hold, and instead consult with stakeholders before making any decision. The KCC&I remind authorities that property tax was levied in the past but had to be withdrawn for obvious reasons.

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    #People #Position #Bear #Burden #Paying #Property #Tax #Stage #KCCI

    ( With inputs from : kashmirlife.net )

  • Kashmir Chamber Elects Its First Post-2019 Leadership, Javid Tenga Is New President

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    SRINAGAR: Kashmir Chamber of Commerce and Industry (KCCI), the region’s oldest trade body elected its new body. Javid Ahmad Bhat (Tenga) is Chamber’s new president. This was the first election to the trade body after August 2019, when Article 370 was read down and Jammu and Kashmir was converted into two Union territories.

    KCCI leadership Feb 2023a e1677062932711
    Kashmir Chamber of Commerce and Industry elected its new leadership on February 22, 2023.

    According to a statement issued by the KCCI, its 85th annual general meeting was held today at 11.30 AM at the Chamber Office on Residency Road in Srinagar. In compliance with the J&K High Court’s directives, the annual general meeting’s activities were overseen by the assistant commissioner of revenue, several revenue department officials, and certain members of the election committee.

    “The election committee established for the purpose of holding the elections to the 21-member Executive Committee declared the results of the elections for the executive committee of KCC&I. The executive committee and office holders were chosen from the following, it stated.

    The candidates for president were Javid Ahmad Bhat (Tenga), senior vice president Ashaq Hussain Shangloo, junior vice president Fayaz Ahmad Punjabi, secretary general Faiz Ahmad Bakshi, joint secretary general Umar Nazir Tibetbaqal, and treasurer Zubair Mahajan.

    Amir Manzoor, Ashfaq Ahmad Zahgeer, Farooq Ahmad Kuthoo, Ghulam Nabi Bhat, Altaf Ahmad Tramboo, Jagmohan Singh Raina, Mohammad Lateef Bhat, Siah Mohammad Ibrahim, Suhail Jan, Touseef Ahmad Bhat, Feroz Ahmad Bisati, Shoukat Khan, and Zahoor Hussain Alamgir are the other members of the executive committee.

    The last election to the trade body took place in October 2018. Since then Sheikh Ashiq was heading the trade body.

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    #Kashmir #Chamber #Elects #Post2019 #Leadership #Javid #Tenga #President

    ( With inputs from : kashmirlife.net )