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Budget 2020-21: Upcoming budget should be 'Traders' Centric', says CAIT


On February 1, all eyes will be on Finance Minister Nirmala Sitharaman, who will present her second Budget at a time when Micro Small and Medium Enterprises (MSMEs) as well as traders are suffering due to this slowdown.

To know the expectations of the traders from the upcoming budget, KNN India interviewed the Confederation of All India Traders (CAIT) President Praveen Khandelwal who asserted that the upcoming budget should be 'Traders' centric'.

''The budget should be traders' centric and we hope that the budget will certainly give priority to traders and internal trade and also to give better business opportunities to the traders to grow in a fast manner,'' he said.

While commenting on the Prime Minister Narendra Modi's envision of USD 5 trillion economy, Khandelwal said, '' Precisely, we are looking at the budget in which the traders should be given support policies so that it can align with the vision of Prime Minister of 5 trillion economy.''

When being asked about the suggestions and recommendations from their side to the government, he said that access to finance for the traders, simplifications of Goods and Services Tax (GST) structures and upgradation and modernization of existing retail trade.

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