Declaring JK a free economic zone can bring economy back on rails: JKCC

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Thanks member organisations for boycotting pre-budget discussion with FinMin

SRINAGAR: The Jammu and Kashmir Coordination Committee (JKCC) has expressed its gratitude to all those member-organisations which followed its programme of “boycotting their participation in the so-called pre-budget discussions with the finance minister”.
JKCC has appreciated and thanked the overwhelming majority of business organisations.
According to an official handout issued on Sunday, the organisations have reaffirmed their resolve “to fight out all government policies and diktats” that are considered detrimental to the growth and development of trade and commerce in the state. The boycotting organisations have also “set a precedent to work for restoration of credibility, honour and dignity of their members who happen to be job providers and in no way a burden on the public exchequer”, the handout read.
Warning organisations that held discussions with the finance minister, JKCC asserted that their “memoranda of charter of demands will meet the similar fate” as these have been meeting in the past, the handout read.
“These organisations should understand and realise that the division in the ranks and files of business community in not only against the interests of common traders but also provide an opportunity to the government to work on a divide and rule policy,” it further read.
JKCC according to the handout believes “the damage caused to the economy could only be rectified at the level of some high level forum headed by the chief minister”.
The state economy can only be brought back on rails with a “radical change in lopsided government policies which should necessarily include declaration of the state as Free Economic Zone and revocation of Presidential Order paving way for roll back of GST”, the handout added.

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