Committee for Business Revival submits report to LG

The 5-member Committee for Business Revival has submitted its report to the Lt Governor Manoj Sinha after consulting all the stakeholders.
Sources told Rising Kashmir that Advisor to LG, Kewal Kumar Sharma who heads the Committee has filed a detailed report to the LG and the same has been forwarded to the Government of India (GoI) for the consideration.
On August 17, after an interaction with Kashmir Chamber of Commerce and Industry (KCCI), the newly-appointed Lt Governor Manoj Sinha had formed a Committee to make an assessment of the overall economic scenario of the erstwhile State and proposed fresh measures to ensure its revival.
The Committee headed by Sharma consists of the Financial Commissioner, Finance department; Commissioner Secretary, Industries and Commerce department; Secretary, Tourism, and Chairman J&K Bank.
It was directed to submit its report to the Lt Governor by September 1, so that necessary measures can be initiated in the right direction.
"A comprehensive report has been submitted to the LG after taking feedback from all the stakeholders," sources said.
Sources said the LG in a recent conversation with Union Finance Minister Nirmala Sitharaman had apprised her about the current economic situation of Jammu Kashmir.
As per the KCCI estimation, Kashmir suffered losses worth up to Rs 45,000 crore after the lockdown due to abrogation of Article 370 in August last year followed by COVID-19 pandemic.
KCCI President Sheikh Ashiq said earlier also Union Finance Minister Nirmala Sitharaman had assured all the help to revive the economy of the Valley which has hit rock bottom after August 2019.
"All eyes are on GoI now. During our recent interaction with FM through Webinar, Sitharaman ji has assured us of all the possible help to revive the region's economy," Ashiq said.