Tag: traders

Eid Sales Plunge 50% Amid Record Rainfall, Traders Say
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SRINAGAR: Rains drenched valley plains for the third day in a row on Thursday, with traders expressing disappointment over a “50 percent” dip in sales, ahead of Eid-ul-Fitr.
Mohammad Yaseen Khan, a senior trade leader and chairman of Kashmir Economic Alliance (KEA) – an amalgam of various trade bodies said that the markets were struggling for quite some time now to gain sales momentum, but the rains ahead of Eid festival played a spoilsport.
“It is just not like that our sales dipped due to rains only; we have been struggling for multiple reasons,” Khan said. “However, we were hopeful of picking up good sales ahead of Eid, but the continuous rainfall adversely impacted our sales.”
KEA chairman said that ahead of the Eid festival, people mostly buy bakery and mutton products for which rains can hardly hamper people from coming out, but in other areas of the market, it made an effect. “The overall impact it made on sales is around 50 percent,” he added.
“Clothing, footwear, communication, and other items which used to witness good sales on Eid witnessed sluggish sales due to rains,” he said.
Mehraj-ud-Din Ahmad, general secretary of All Kashmir Wholesale Mutton Dealers Association said that although the rains did not make any negative impact on their sales, the brief closure of the Srinagar-Jammu national highway impacted the supply of stock.
“On festivals, be it any situation, people come out to buy mutton,” he said, adding, “Rains did not make any such impact on their sales; however, a brief closure of the highway hampered the supply, and the stock which was scheduled for the day came another day.”
Bashir Ahmad, who owns a prominent telecommunication showroom in Srinagar, said they were already struggling to stay afloat in the market but that the incessant rainfall for the last few days dampened the market spirit.

“Rains prevented people from coming out and when there are fewer people in the market, there are fewer sales. Rains played a spoilsport. We were expecting good sales. It is just a helpless situation for us,” he rued.
1. As officials at the J&K’s weather department have forecast intermittent light to moderate rain at scattered places on April 20 to 22, the intermittent downpour started early morning on Thursday.
Meanwhile, the weatherman on Thursday predicted intermittent light to moderate rain at scattered places towards late afternoon and evening for April 21 and 22, and a decrease in precipitation, predicting mainly dry weather during the subsequent two days—(KNO)
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#Eid #Sales #Plunge #Record #Rainfall #Traders
( With inputs from : kashmirlife.net )
April 20, 2023
FCS&CA imposes fine of Rs. 16k on 25 erring traders; seals 01 mutton shop

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Srinagar, April 19 (GNS): The Enforcement squad of Food Civil Supplies and Consumer Affairs (FCS&CA) Department today imposed a fine of Rs. 16300 on 25 erring shopkeepers in Srinagar for violating Essential Commodities Act, 1955 and also sealed one mutton shop.
The drive was conducted under the supervision of Assistant Director Enforcement, Fayaz Ahmad Shah.
The action against the erring was taken during a massive drive launched within the vicinity of Srinagar City i.e. Lal Chowk, Dalgate, Nishat, Shalimar, Nowpora, Qamarwari, Karan Nagar, Rambagh, Chanapora & Bagh e Mehtab areas, etc..
During the course of action as many as 137 establishments were inspected, out of which 25 erring traders were penalized for violating Essential Commodities Act, 1955.
The drive will continue in the same passion in future as well and whosoever is found violating the norms will be brought to justice.
In case of any complaint, people may contact the toll free number 18001807011.(GNS)
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( With inputs from : thegnskashmir.com )

April 19, 2023
FCS&CA penalized 52 erring traders with Rs. 27600 for violating ECA, 1955

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Srinagar, April17 (GNS): The Enforcement squad of Food Civil Supplies and Consumer Affairs (FCS&CA) Department under the supervision of Assistant Director Enforcement, Fayaz Ahmad Shah today penalized 52 erring traders with a sum of Rs. 27600 in Srinagar for violating ECA, 1955.
The action against the eering was taken during a massive market checking drive held within the vicinity of Srinagar City i.e. Sonwar, Rawalpora, Qamarwari, Bernina, Batmaloo, Hari Singh High Street, Mehraj Bazar, Melijoor Nagar, Rainwari, Zonimar, Lal Bazar, Saida Kadal, etc.
During the course of action, as many as 272 establishments were inspected, out of which 52 erring traders were penalized on the spot for violating Essential Commodities Act, 1955.
It was given out that the drive will continue in the same passion in future as well and whosoever is found violating the norms will be brought to justice.
Meanwhile, in case of any complaint, people may contact the toll free number 18001807011.(GNS)
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#FCSCA #penalized #erring #traders #violating #ECA
( With inputs from : thegnskashmir.com )

April 17, 2023
FCS&CA imposes fine of Rs. 28900 on 43 erring traders for violating ECA, 1955

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Srinagar, April 15 (GNS): The Enforcement squad of Food Civil Supplies and Consumer Affairs (FCS&CA) Department under the supervision of Assistant Director Enforcement, Fayaz Ahmad Shah today fined 43 erring traders in District Srinagar with a sum of Rs. 28900 for violating Essential Commodities Act, 1955.
The action against the erring was taken during a massive market checking drive within the vicinity of Srinagar City i.e. Bota Kadal, Dalgate, Sonwar, Shivpora, Harwan, Shalimar, Nowpora, Baba Demb, Habba Kadal, Kani Kadal, Qamarwari, Parimpora, Batamaloo, Rawalpora, Baghi Mehtab, Chanapora etc.
During the course of action as many as 211 establishments were inspected and it was given out that the drive will continue in the same passion in future as well and whosoever is found violating the norms will be brought to justice.
Meanwhile, in case of any complaint, people may contact the toll free number 18001807011.(GNS)
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#FCSCA #imposes #fine #erring #traders #violating #ECA
( With inputs from : thegnskashmir.com )

April 15, 2023
Rajasthan: Traders down shutters in Kota town to protest against firing incidents

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Kota :Traders in Kanwas town here shut their shops on Thursday to protest against two firing incidents in the market.
Two bike-borne men fired in the air at two different places in the market on Wednesday afternoon.
Station House Officer of Kanwas Police Station Kalyan Singh said the two have been identified as Shakeel and Atique, residents of Kanwas.

Prima facie, the shots were fired to terrorise the traders as no one was targeted. The real motive will be known only after interrogation of the duo, he said.
Holding the police responsible for the incidents, the traders, led by former local BJP MLA Heeralal Nagar, said the market would remain shut till the accused are not arrested.
Police have assured the traders that the culprits would be nabbed by Friday.
An FIR has been lodged against the duo following a complaint by traders, Koshal Soni, Madhusudan, and Himanshu, police said.
Soni is a local BJP leader and former panchayat samiti member.

Police personnel in large numbers have been deployed in the town to maintain law and order and prevent any untoward incident, officials said.
The traders accompanied by activists of Hindu organisations also submitted a memorandum to the SDM demanding the immediate arrest of the accused.
According to police, Shakeel and Atique have a criminal background.
Atique has three cases, including attempt to murder and Arms Act, lodged against him, Deputy Superintendent of Police Rameshwar Parihar said.
Several police teams are engaged to trace the accused, they said.
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( With inputs from www.siasat.com )

April 14, 2023
Markets Down By 70%, Traders Say

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SRINAGAR: The traders from the heart of Srinagar city have appealed to concerned authorities to expedite action on the construction work undergoing in every nook and cranny of Srinagar city under the Smart City Project.
All trade leaders confirmed to the news agency Kashmir News Trust that they are on the verge of closing down their shops and are not so optimistic about the revival of the business.
“We supported the government and cooperated in every way. We want construction work should be speeded up without missing any deadline. There should be a double shift. Our business has been hit badly,” Spokesman Joint Traders Association and General Secretary Regal Traders Association Bilal Ahmed Dar said.
Dar said that they are hopeful after the completion of construction work, the business will revive in Srinagar city

Previous articleBoulevard Road Vehicle Blast: Police Suspect Equipment Failure

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#Markets #Traders
( With inputs from : kashmirlife.net )

April 2, 2023
CCIK Delegation Calls On Div Com Kashmir, Discuss Issues Of Traders

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SRINAGAR: A delegation of Associated Chamber of Commerce & Industry-Kashmir (CCIK) led by its President Tariq Ghani along with office bearers Secretly General Adnan Shah, Joint Secretary General M M Hussain, Treasurer Dr Imran Nazir and Chief Coordinator Atif Khan met Divisional Commissioner Kashmir at his office.
CCIK Delegation Calls On Newly Appointed Div Com V.K.Bidhuri
The CCIK delegation welcomed newly appointed Div Com and discussed various issues regarding trade, commerce and industries.
The Div Com gave patient hearing to the delegation and ensured full support to CCIK to resolve all concerned issues.
CCIK delegation also appreciated and thanked Div Com for putting halt on encroachment drive and said that poor people should be excluded from demolition drive.
The office beares raised various issues regarding trade, the delegation thanked V.K.Bidhuri and said CCIK has high hopes with Div Com and that the issues will be settled at the earliest

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#CCIK #Delegation #Calls #Div #Kashmir #Discuss #Issues #Traders
( With inputs from : kashmirlife.net )

February 21, 2023
Oil prices rise modestly as traders assess Russian output cut

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New York: Oil prices eked out modest gains as market participants weighed Russia’s plan to cut its oil production.
The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53 per cent, to settle at $80.14 a barrel on the New York Mercantile Exchange. Brent crude for April delivery added 22 cents, or 0.25 per cent, to close at $86.61 a barrel on the London ICE Futures Exchange.
Russian Deputy Prime Minister Alexander Novak on Friday announced that the country plans to cut its oil production by 500,000 barrels per day in March.
Novak said the aim of the cut is to improve the market situation, reiterating the country will not comply with any Western price cap.
Traders also awaited US inflation data as the US consumer price index for January is set for release on Tuesday.
For the week ending Friday, the WTI advanced 8.6 per cent, while Brent rose 8.1 per cent, based on the front-month contracts.
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( With inputs from www.siasat.com )

February 14, 2023
Karnataka: Petition to prevent non-Hindu traders from temple premises submitted

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Tumakuru: The Vishva Hindu Parishad (VHP) and Bajrang Dal have submitted a petition to the Deputy Commissioner of Tumakuru city in Karnataka asking the authorities to prevent traders of other faiths to carry out business within the premises of a historical temple during the celebration of a festival.
The three-day festival will take place at the historical Gosala Gubbi Channabasaveshwara temple from Thursday.
To avoid any untoward incident, authorities have already beefed up the security in the area.
In their petition, the two Hindu groups warned of a response if such traders are allowed to carry out business directly or indirectly in the premises of the temple or in a 100-meter surrounding.
They have also requested the police department to ensure the implementation of clauses of the law in the Muzrai department in this regard.
“The clause is very clear that there is no scope for persons of other religions to carry out business in the premises of temples and at religious fares. This law should be enforced,” VHP President G.K. Srinivas said.
The boycotting trend which seemed to have settled down in Karnataka comes to the fore again with the latest development.

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( With inputs from www.siasat.com )

February 2, 2023