Revenue hit due to recent turmoil in Kashmir

UPDATED ON AUG 11, 2010 08:16 PM IST
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Recurring shutdowns and curfews in Kashmir have cost the state exchequer millions of rupees due to absence of regular market transactions and tax collections. During this period markets and business remained closed, not only affecting the livelihood of the locals but also decreasing the tax collections for the state government. According to officials, due to the unrest, the state has suffered a tax loss of 51 crore rupees and decline of almost 2.50 crore rupees in toll tax due to less movement of commercial goods carriers.

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