CAIT compliments Piyush Goyal for notifying National Traders Board

New Delhi, July 30 (KNN) The Confederation of All India Traders (CAIT) complimented Commerce & Industry Minister Piyush Goyal for notifying the formation of a National Traders Welfare Board by the Government through a gazette notification on 29th July, 2019.

A landmark step of the government through which 7 crore traders in the country stands empowered with a greater sense of dignity by stamping their authority as the major stakeholders in India's economic landscape-said CAIT.

As per the notification, the Board will identify policy measures to achieve the object of welfare of traders & their employees and will suggest simplification in Acts & Rules applicable to traders.

It will also recommend for reducing the compliance burden of traders and find ways to improve access of funds for traders. The Board will also make recommendations regarding social security benefits like insurance, pension, healthcare for traders and their employees.

CAIT National President Mr. B.C.Bhartia & Secretary General Mr. Khandelwal while appreciating the much awaited step of the Government said that the Board is expected on the other side to resolve the issues of the traders whereas on the other side it will penetrate the program and policies of the Government down the line across Country. The Board is also expected to make constructive efforts for digitalizing the 7 crore traders for easy compliance, widening the tax base and adoption of best business practices.

It was also suggested by them that once the Board is formed the first task should be to conduct a nationwide survey about the size of trading community of the country.

It was also suggested that the Board should work for streamlining the domestic trade and exploit its potential of business community for better growth in trade. Special emphasis should be laid on encouragement of women entrepreneurs and much better exports by the traders to other Countries. (KNN/LM)