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kashmir apple crisis

Jan 20, 2020, 07.14 AM IST

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KASHMIR APPLE CRISIS

NHIDCL awards Rs 2,379 crore Z-Morh Tunnel in J-K to APCO Amarnathji Tunnelway: Official

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  • The biggest boosts to the main indexes were Facebook Inc , Apple Inc, Amazon.com Inc, Alphabet Inc and Microsoft Corp which rose between 0.7% and 1.5%.

    The delegation noted that horticulture, which is the backbone of the state's economy, has suffered a double thrashing this season. Just when a good crop had given the farmers hopes for a recovery from last year's losses, the political turmoil since 5th of August has badly affected the transportation industry and procurement market.

    Output was hit in past two years but adequate moisture has ensured above-average crop this year.

    Traders said imports would rise because domestic supply of walnuts has fallen by a third, while demand is strong. In the case of apples, a clear picture on the extent of supply disruption from Kashmir would emerge next month, they said. Over 90% of the country’s walnut production comes from Kashmir. Imports typically surge in June-July, ahead of the festive season.

    MLAs and other political workers from National Conference (NC), People’s Democratic Party (PDP), among others, were shifted to the MLA hostel from Centaur jail at Dal Lake last month, as it lacked proper heating facilities. The leaders now have an access to television sets in some rooms along with set-top boxes along with phone lines.

    Equity will give positive returns. Investors would be happier in 2020 than they have been in 2019. There is harm in the fiscal deficit going up to 4% or 4.5%. We have great foreign exchange reserves right now. Even if the fiscal deficit goes up a little bit, it is not going to be the end of the world.

    While the issue of Kashmir was not specifically mentioned by Saudi Arabia as one of the issues from the Muslim world, Riyadh has maintained neutrality over the Kashmir issue since August 5. The Kingdom backed India on the issue of cross-border terror during PM Narendra Modi’s trip to Riyadh in October.

    The strike by India's warplanes on a Jaish-e-Mohammad terrorist training camp in Pakistan on February 26 to avenge the killing of 40 paramilitary personnel in Kashmir and the Pakistani Air Force's subsequent retaliation the next day triggered fears of a war between the two nuclear-armed neighbours.

    "Farmers had to wait for 10 to 12 days for their turn to sell to Nafed, which rejected or offered lower prices on various grounds. Nafed could transport apples out of the valley only after loading 400 to 500 trucks as army army could extend protection to only a big convoy. This heavy arrival in markets led to fall of apple prices," said Shetty.

    In two separate incidents on Wednesday in Kashmir, unidentified gunmen shot dead an apple trader from Punjab and a brick kiln worker from Chhattisgarh in Shopian and Pulwama respectively. The killings have triggered panic among migrant workers.

    Today's stronger India can handle this sniping by a West that is grappling with a crisis in its democracy, with deeply polarised politics, rising intolerance towards immigrants, especially Muslims, revival of right-wing nationalism and economic slowdown.

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