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Traders unhappy with Modi govt’s attitude towards domestic trade

Updated: Mar 02, 2020 10:02:25am
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Traders unhappy with Modi govt’s attitude towards domestic trade

New Delhi, Mar 2 (KNN) The Confederation of All India Traders (CAIT) has said the traders across country have started getting disillusioned with the Narendra Modi-led NDA government.

CAIT has said that its National Governing Council will meet on March 5-6 to discuss the current business scenario in the country and the organisation's future course of action.

"Despite the fact that the trading community of the country is still an admirer of Prime Minister Narendra Modi and is very impressed with his positive attitude and thinking towards the traders and small industries, yet in view of the current economic downturn and the indifferent attitude of the ministers and bureaucrats towards domestic trade, the traders across country have started getting disillusioned with the government," said the CAIT statement.

The trader's body said that after the BJP government came to power, the traders had great hope that the attitude of the government towards the traders would change and the traders in the country would get better focus and ample opportunities to grow business in an easy and a cohesive business atmosphere but nothing changes in their lives and traders remain neglected as ever before.

''In view of this situation, the CAIT has convened a meeting of its National Governing Council in Patna on 5 -6 March which will be participated by prominent trade leaders across Country and will consider current business scenario in the Country and burning issues of the traders and will decide future strategy,'' CAIT added.

Commenting Goods and Services Tax (GST), CAIT said that it has become a very complicated to the extent that even after paying tax in time, the traders are forced to pay same tax again in event of fault of corresponding trader, inefficiencies of the GST portal is leading to mental torture, blockage of refunds with the department and several other contentious issues are haunting the traders but no one cares.

CAIT also said that it has been neglected by the government despite its continuous support for government initiatives and policy decisions, including demonetization, GST and adoption of digital payments.

"Despite apprehensions, the trading community did not leg behind in extending full support for the implementation of GST in the country. Though traders faced several problems caused by demonetisation, yet it out rightly support the government to meet the mandate of Prime Minister to clean the system from black money and created a positive atmosphere in the country but despite all such efforts, the traders remain neglected," said the statement.

The body also asserted that Narendra Modi implemented the Mudra scheme after the request of the traders, but the people supposed to benefit from the scheme and needed support were not receiving the benefits.

''Lakhs of crores of rupees have been disbursed under the Mudra Yojana, but it is also a fact that the beneficiaries for whom Mudra Yojana was conceived, didn't get the loan and that is the reason why NPA is increasing in Mudra Scheme,'' the body avowed.

Both Bhartia and Khandelwal expressed their apprehension that it seems that Prime Minister is not being given the right feedback about trade and business issues, otherwise there is no reason that contrary to the Prime Minister's vision, the traders are being neglected.

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