Eid: Srinagar traders blame GST, demonetisation for slow
The usual buzz in the markets in the summer capital of Jammu and Kashmir is missing, ahead of Eid-ul-Zuha, one of the two holiest festivals of Muslims, with the trade bodies attributing the slow business to political uncertainty in the state and implementation of GST.
There is no rush of customers in the markets in Srinagar for Eid shopping. Shops selling Eid special items like ready made garments, clothes, shoes, and eatables like bakery products and sweets are doing little business, says member of a trading body.
The sale of sacrificial animals is going on at many places in the city, but very less than normal.
Kashmir Chamber of Commerce and Industry (KCCI) president Mushtaq Ahmad Wani attributed the slump in the business to political uncertainty over threat to Article 35A of the constitution.
"There is no rush, no business. People of the valley are withholding their money because there is uncertainty over the issue of Article 35A," Wani told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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