The Confederation of All India Traders (CAIT) has expressed deep disappointment and resentment against the Government on behalf of the 7 crore traders of India who have been completely ignored while announcing the Economic package.
CAIT National President Mr. B C B C Bhartia & Secretary General Praveen Khandelwal said that the entire trading community today is extremely upset with the Government for this step-motherly treatment.
The traders of India have been called the backbone of the economy on several occasions by the Prime Minister and even in these extremely troubled circumstances the Kirana retailers have displayed their true character as corona warriors and ensured the supply of essential commodities. Every trader is anguished and registers their protest today because they have been completely sidelined by the Government while preparing the much-awaited economic package
Both Mr. Bhartia & Mr. Khandelwal while expressing utter dismay said that CAIT will seek the immediate intervention of Prime Minister Shri Modi. The traders will be landing into great financial crises on the lifting of lockdown as they will have to pay salary, interest, bank loans, taxes, and various other financial obligations.
It is expected that nearly 20% of traders will have to wind up their business and another 10% traders dependent on these 20% traders will have to close their business. Under such a grim situation the Government has refused to handhold the traders. Itâ€™s a pity that such an important sector of the economy has been greatly overlooked.