The Union Budget though seems to be overall good has utterly neglected the trading community and it has highly disappointed 7 crore traders of the Country, who had high expectations high from the budget, said Confederation of All India Traders (CAIT).
CAIT National President B C Bhartia andÂ Secretary GeneralÂ Praveen Khandelwal said that every other section of the economy has been given relief in the budget except the trading community, which is the backbone of the economy. The budget makes us to feel that trading community is like an unwantedÂ community in the Country.
After renaming DIPP as Department for Promotion of Industry and Internal Trade andÂ giving no extension to the FDI policy in e commerce, the traders were hopeful that they will get due attention in the budget but with totally left out from the budget, the traders feel aggrieved, they said.
However, the CAIT has said that it will send a fresh memorandum to Prime Minister and Finance Minister urging them to take care of the trading community.