The writer is the former finance minister of J&K
Suspension of J&K LoC trade is a regressive step and a lost opportunity
The essence of LoC trade was to extend the familial and social interconnectedness into the arena of business and commerce. To start with, this trade was meant to result in interaction between people and help build partnerships across the two parts of J&K.
The trade between the two parts of Jammu and Kashmir, across the Line of Control (LoC), which started in 2008, was stopped last week. The suspension of the cross-LoC trade, announced by the Union Home Ministry, is part of a larger change in the strategy for dealing with Kashmir at the policy level. It is no longer about doves and hawks; it is now about bulls and bears. Except that the bulls are in the china shop of Kashmir, not in the stock markets of Mumbai!
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