The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

CAIT welcome announcements of finance minister Hoped similar package for traders & small industries

by TLN Team March 27, 2020March 26, 2020
written by TLN Team March 27, 2020March 26, 2020
CAIT welcome announcements of finance minister Hoped similar package for traders & small industries

The Confederation of All India Traders (CAIT) has appreciated the social welfare package announced today by Finance Minister Smt. Nirmala Seetharaman to meet the immediate demands of poor and downtrodden section of the Country and workers of the organised sector. Such a stimulus package will ensure the dignified life of poor sections during this troubled period. The social welfare package much required at this point of time as the poor section was worried for its living in lockdown period when everything is closed in the Country. It is a matter of satisfaction that the Govt is working in a phased and priority-based manner which is the right approach at this hour of crisis.

CAIT National President Shri BC Bhartia and Secretary General Mr. Praveen Khandelwal while welcoming the announcements hoped that similar announcements will also be soon made for self-organised sector which is wrongly called as unorganized sector including traders, transporters, small industries and self-employed people who constitute a vital part of the national economy.

Both Mr. Bhartia & Mr. Khandelwal said that First the health of the people was ensured by announcing a nation wide lockdown, followed by deferment of all statutory and tax compliances and today now a huge package of 1.70 lakh crore to provide tremendous support to the poor and needy and the daily wagers who are most affected in this time. They also pointed out that this direct benefit package will in fact result in this money circulating into the retail markets because the people will use this extra disposable income to purchase more products. They expressed hope that next the Government will now look into the issues of the small traders and the middle class as they are also suffering tremendously in this situation.

The CAIT has already given valuable suggestions to the Govt like deferment of GST payments, immediate refunds of Income Tax & GST to traders, Bank EMI’s, deferment of Bank Loans, Reduction in interest costs, doling out Corona Cash Loans, Insurance to traders, an extension of current Financial year among other measures.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Nagpur Round Table India initiates Free Home Delivery Service for Senior Citizens Staying Alone
next post
COVID-19, tally rises to 9 in city

You may also like

NARENDRA MODI’S GOVERNMENT WILL ADDRESS ALL GST ISSUES...

May 15, 2022

Udyamita Yatra to reach city on May 24

May 13, 2022

Swiggy shuts down Supr Daily, suspend Swiggy Genie

May 11, 2022

VIA LEW conducted seminar on “Role of Technology...

May 11, 2022

Rupee touches all-time low of Rs 77.42 against...

May 10, 2022

Coal India is the third largest corporate spender...

May 8, 2022

Parag Agrawal’s wife linked with Musk’s $44 bn...

May 8, 2022

Valediction Ceremony of the 74th Batch of Indian...

April 28, 2022

GST notices should be resolved leniently: NVCC

April 28, 2022

Multi-country outbreak of Salmonella linked to Kinder chocolate...

April 28, 2022

Trending News

  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022
  • Rohit Sharma, K L Rahul to be rested for T20 series

    May 15, 2022
  • Australian Cricket Star Andrew Symonds Dies In Car Crash

    May 15, 2022
  • Rainfall in 15 States till 18th May: IMD Alert

    May 14, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

March 2020
M T W T F S S
« Feb   Apr »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.