Kashmiri traders suffered Rs 4500 cr losses since Feb 9: KEA

Excelsior Correspondent
SRINAGAR, Mar 24: Expressing concern over the losses suffered by the business fraternity in the aftermath of hanging of Parliament attack convict, Mohammad Afzal Guru on February 9, Kashmir Economic Alliance (KEA) today said that long lasting steps for resolution of Jammu and Kashmir issue should be taken by the Government of India.
Addressing a press conference here, KEA Chief Spokesman, Siraj Ahmad said that economic losses suffered by the business community in Kashmir after the hanging of Guru have shot up to Rs. 4500 crore. The losses may go further up if there is no stop to the curfews and restrictions imposed by the State Government”, he added.
“The topsy-turvy situation emanating in the Kashmir valley has taken its toll on the developmental works as well. Due to the continuous imposition of curfew and enforcement of restrictions the developmental works have come to a standstill. If the curfew is imposed furthermore then there are chances that either the funds would get lapsed or would be diverted,” said Siraj.
Sharing his views, KEA Chairman, Mohammad Yaseen Khan said that the visit of All Party Delegation (APD) team to Kashmir in 2010 after the unrest was a flop as nothing came out of it. Yaseen said that the Government of India threw the recommendations of the three member team of interlocutors in the dustbin.
Yaseen said that legislators of National Conference and People’s Democratic Party should resign from the Assembly as they according to him are not able to take a decision aimed at providing relief to people. He alleged that both NC and PDP are playing politics over the revocation of Armed Forces Special Powers Act (AFSPA) from the State. He said the Act can be revoked only when there is consensus between the two parties and above New Delhi is also convinced about its revocation.