Kashmir unrest dents state economy

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Rinku Choudhary

Even when the state government in general and administration in particular is grappling to find solution to the ensuing cycle of violence in Kashmir valley, a special panel of educationist, banker and journalist express concern over the prevailing situation.
In a popular ‘JK Prime Time’ telecasted on Gulistan Channel, panelists comprising of educationist and registrar Jammu University-Prof Keshav Sharma, Former Manager-Punjab National Bank-Satpal Sharma and Bureau Chief-JK Newspoint-Pardeep Singh Bali.
During the programme, panelists expressed their views regarding prevailing situation in the state and expected the cycle of violence to end soon.
Terming unrest in valley harmful for state economy, Satpal said that Trade and Industry have suffered a loss estimated at more than Rs 12,000 crore in the past 100 days of unrest.
“We’re facing the worst economic crisis ever, but then this is happening again and again. We need a permanent solution to it. Daily losses have climbed to Rs 120-130 crore, which has plunged, state ten years back,” he said and added the unrest in Kashmir has also had an adverse impact on Jammu’s economy.
The current predicament has visited the valley barely two years after massive floods, causing the economy to lose close to Rs 5,400- 5,700 crore in revenue.
Prof Keshav Sharma said that the worst sufferer of this unrest is education sector, which has been totally collapsed.
“The present unrest is not killing days, months or years. We are loosing generation in this unrest. The parents have to understand this thing, as if they did not take lead, their children will left to pelting stones to earn money,” Prof said and added that Jammu and Kashmir has always produced fertile brains and this trend should not be stopped by handful of people. Talking about role of media in Kashmir, Pardeep Singh Bali said that the national and local media are playing divisive role. “We have seen that most of the newspapers are not following objectivity. This is true that media has to present facts, but when it comes to social order, certain things should be avoided, which is not happening,” he said and added that the media should not incite violence and must play a positive role in bringing peace in the valley.
Earlier, Satpal Sharma gave detailed report about how banks will play role in mitigating losses, especially to the people who have taken loan.

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