NSE Commits ₹1 Crore to Support Families After Pahalgam Terror Attack

A terror attack occurred on April 22, 2025, at the Baisaran meadow near Pahalgam in Jammu and Kashmir’s Anantnag district. The incident resulted in 26 fatalities, including one foreign national and a local resident. Most of those killed were tourists. This has been recorded as one of the deadliest attacks in the region since 2019.

NSE Announces Financial Contribution

The National Stock Exchange (NSE) announced a financial contribution of ₹1 crore for the families of those who lost their lives. The update was shared by NSE Managing Director and CEO Ashishkumar Chauhan on April 23 via a post on X. The amount will be allocated to the next of kin of the deceased.

Ex Gratia Announced by Governments

The Jammu and Kashmir administration has declared an ex gratia payment of ₹10 lakh to each victim’s family. Compensation of ₹1-2 lakh will be provided to those injured. Additionally, the governments of Maharashtra and Gujarat have pledged ₹5 lakh for families of victims from their respective states.

Delhi Traders to Observe Market Shutdown

Trade associations in Delhi have called for a complete shutdown of markets on April 25 in response to the incident. According to the reports, more than 100 markets across the city will remain closed. These include areas such as Sadar Bazar, Chandni Chowk, Khari Baoli, Bhagirath Place, Naya Bazar, and Jama Masjid.

On April 24, a candlelight march was held at Connaught Place. Traders wore black armbands as a mark of protest. Slogans were raised condemning the attack. The Delhi Vyapar Mahasangh also issued a bandh call, supported by multiple merchant associations across various sectors.

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Industry Bodies Issue Statements

Industry organisations, including FICCI and CII, released public messages acknowledging the incident and extending support to relief efforts.

Conclusion

The Pahalgam terror attack has prompted responses across sectors. NSE’s financial support, government compensation, and planned shutdowns by trader groups bring in a collective response. Industry bodies have also acknowledged the incident and extended their support.

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