Waive-off interests to save business community from blot of NPA: CTF

STATE TIMES NEWS
JAMMU: Highlighting plight of business community, Neeraj Anand, President CTF demanded waiving-off of all types of charges besides re-scheduling of principal loans along with complete waiver of interests to save business community from blot of NPA.
Briefing media persons here on Wednesday, Neeraj Anand said, “The Chamber of Traders Federation (CTF) believes that under the stewardship of Lt Governor G C Murmu, Union Territory of Jammu & Kashmir would enjoy vibrant environment free from violence, corruption and political uncertainty. Economy of Jammu & Kashmir region is interdependent, so is the social wellbeing of citizens. We enjoy hundreds of years of common history complementing each other rather competing. However, due to bad politics encouraged by neighbouring country, a peculiar situation has emerged that is ruining our economy.”
“As a responsible trade body, CTF reiterates its earlier offer to help diffuse current entanglement by forming Coordination committees comprising of real stakeholders from trade, transport, industry etc from both the regions viz Jammu as well as Kashmir. Such committees can help to streamline business activity in J&K as traders enjoy trust of all sections of the society. We also request the administration to review detention of some trade leaders from Srinagar as a confidence building measure,” he asserted.
Talking about liquidity crisis in market post-August 5, Neeraj demanded that a mechanism should be devised to immediately release pending payments of Government Contractors, suppliers, industrialists etc to ease the situation. The CTF also demanded immediate restoration of mobile internet services, as due to suspension of internet across the State, business community is finding it hard to cope-up with demands of customers. We understand the importance of reining-in rumour mongers, however, we insist that Government should explore banning of social-sites used by anti-nationals rather than rendering the crucial business and communication platform redundant for people of Jammu and Kashmir, asserted Neeraj.