Business
Srinagar-Jammu National Highway: Disruption Hits Life In Kashmir, Fruit Growers Fear Huge Losses
Srinagar-Jammu National Highway: The continued disruption of the Jammu-Srinagar national highway has adversely affected the availability of essential supplies in Kashmir, and the fruit growers and traders fear irreparable loss to the industry unless the highway is restored to heavy vehicular traffic immediately.
The traffic department advisory said only light vehicles would be allowed to move on the Srinagar-Jammu highway on Tuesday. Hundreds of apple-laden trucks have been stranded on the highway for many days, as the consignments are likely to rot unless the highway opens without further delay.
These trucks are parked at different places on the highway, unable to move beyond Udhampur due to the sinking of a portion of the highway at Tharad. A major sinking stretch of the road, measuring approximately 50-60 meters near the Tharad Bridge, has caused the highway to close for traffic, with efforts to clear debris and restore the road continuing amidst further damage and unstable terrain.
Fruit growers have already suffered huge losses due to the NH closure, as the apple consignments in the stationary trucks have rotted. Growers are living life on the edge in the Valley, fearing that unless the highway is immediately restored, the horticulture industry would have suffered irreparable losses in Kashmir.
Chief minister Omar Abdullah said on Monday on X, “Just spoke to Union Minister @MORTHIndia @nitin_gadkari Sb regarding the situation along NH 44 & the lack of connectivity with the rest of the country along this vital link. The frustration of fruit growers is understandable. They have been very patient for the first few days but watching their hard work rot because @nhidcl is unable to stabilise the highway, their patience has worn thin & that is totally understandable. Some concrete steps will be taken within the next 24 hours to address this problem but I will wait for that to happen before I say any more about the proposed plan of action.”
Affected by the disruption of the supply chain, most petrol refilling stations in the Valley operated with thin stocks as many put up boards stating that they had exhausted their stocks on Monday.
Long queues of vehicles at the petrol refilling stations added to the fear of the common citizen. Edibles are also being sold by the traders at self-imposed prices, taking refuge under the highway blockade. Chicken was sold at Rs 190 per kg while eggs cost a buyer Rs 240 per dozen in Srinagar city.
The scarcity is already hitting household budgets. Prices of vegetables and other edibles have begun to climb steeply in local markets. Traders say rates of onions, tomatoes and other essentials have doubled in some areas within a week, while milk and poultry are also becoming costlier. So far, medicines and foodgrains are freely available, and there has been no hoarding of these items in the Valley.
Business
Tariff jitters: US consumer confidence slips in December; inflation and jobs worries deepen – The Times of India
US consumer confidence weakened in December, sliding to its lowest level since President Donald Trump rolled out sweeping tariffs earlier this year, as households grew more anxious about high prices, trade levies and job prospects, according to a survey by the Conference Board.The Conference Board said its consumer confidence index fell 3.8 points to 89.1 in December from an upwardly revised 92.9 in November, AP reported. The reading is close to the 85.7 level recorded in April, when the Trump administration introduced import taxes on key US trading partners, AP reported.Consumers’ assessment of current economic conditions saw a sharper drop. The present situation index fell 9.5 points to 116.8, reflecting growing unease about inflation and employment conditions. Write-in responses to the survey showed that prices and inflation remained the biggest concern for consumers, alongside tariffs.Short-term expectations for income, business conditions and the labour market were little changed at 70.7, but remained well below 80 — a threshold that can signal a recession ahead. This was the 11th straight month that expectations stayed under that level.Perceptions of the job market also weakened. The share of consumers who said jobs were “plentiful” fell to 26.7% in December from 28.2% in November, while those who said jobs were “hard to get” rose to 20.8% from 20.1%.The softer sentiment follows recent labour market data showing mixed signals. Government figures released last week showed the US economy added 64,000 jobs in November after losing 105,000 jobs in October. The unemployment rate climbed to 4.6% last month, its highest level since 2021.Economists say the labour market is stuck in a “low hire, low fire” phase, as companies remain cautious amid uncertainty over tariffs and the lingering effects of high interest rates. Since March, average monthly job creation has slowed to about 35,000, down from 71,000 in the year ended March. Federal Reserve chair Jerome Powell has said he suspects those figures could be revised even lower, AP reported.
Business
US economy grows at fastest pace in two years
The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased.
The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected, and marked the strongest growth in two years.
The figures offer a clearer picture of the state of the US economy heading into the end of the year, after data collection had been delayed by the US government shutdown.
The report showed consumer spending rising by 3.5%, compared with 2.5% in the previous quarter.
Business
Fish and chip shop offers 100 free Christmas meals in Southampton
“It’s just a way of us giving back to the community,” says a fish and chip shop owner, who is giving away 100 free meals on Christmas Eve.
Raj Khaira, from Southampton, has owned Top Catch fish and chips in Shirley for five years and says he wants to support lonely people in the area.
He says he feels lucky to have a big family but knows for some customers a conversation with a shopkeeper might be the only one they have some days.
He says the shop will give portions of sausage and chips to those in need as a way of “giving back to the people who haven’t got family around them and sometimes can’t afford a hot meal”.
Mr Khaira speaks about working in business all of his life and how much he enjoys meeting “different people every day, from different backgrounds”.
“I’ve done it since I was a young kid so it’s all I really know,” he says.
He adds that many of his customers are elderly and do not have connections over the festive period.
“Christmas for majority of us is probably going to be a joyful and busy day but for some people it’s probably going to be a quiet day,” he says.
After posting about the plans to donate on social media he received a lot of publicity and Mr Khaira is prepared to “probably do more than” 100 meals.
He says the shop has already organised a toy and present drop off to Southampton hospitals this December, with many of the donations coming from customers.
He says: “We’re only where we are as a busy shop because of our community and our lovely customers that come in and sometimes you’ve got to give back and I’m happy to do that.”
Looking back on some of the negative news reported in Shirley earlier this year with the rise in anti-social behaviour in the area, he admits he had suffered.
His shop window was smashed in the summer, but he says: “Christmas time lets us just try and forget that for a minute and just try and have a good time, and reflect back on the year and hopefully next year is going to be a better one.”
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