|
|
|
Traders seek stimulus support from Govt
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 18 May, 2020
Registering its displeasure over no stimulus for the trading community,
the Confederation of All India Traders (CAIT) has asked Finance Minister
Nirmala Sitharaman to reconsider the economic package and announce
measures to support the trading community.
In a statement, the
traders' body said that it has resented with deep regret that one of the
largest and most committed segments of the trading community in the
country has been omitted in wide reaching announcements of the economic
package.
The traders' body has written to Sitharaman to come up
with measures for around seven crore retail traders in the country. It
has also sent similar communication to Home Minister Amit Shah, Defence
Minister Rajnath Singh, Commerce Minister Piyush Goyal and Textile
Minister Smriti Irani.
In the letter, CAIT has said that the
traders of India have stood firmly with the government and the people of
India in these troubled times to ensure continuous supply of essential
commodities but now the traders feel that the Centre has let them down.
It
reiterated that at the time of lifting of lockdown, the traders will
have to meet various financial obligations like payment of salary to
employees, payment of GST, Income Tax and other levies, EMIs, bank
interest on loans and various other incidental expenses among others.
"All
such circumstances will land the traders in turbulent time of financial
crisis and it is expected that in absence of any handholding of the
traders by the traders, about 20 per cent marginal traders will have no
other alternative but to close down their business establishments and
rest of the traders will have to do great struggle in reviving their
business activities," it said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|