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| Traders submit memorandum to MoS Finance | | |  Early Times Report
JAMMU, Sept 27: A delegation of traders under the banner of Traders Federation Ware House-Nehru Market today met Union Minister of Finance Pankaj Chaudhary and submitted a memorandum raising various demands of the trading community. Deepak Gupta, President Traders Federation Ware House-Nehru Market thanked the Union Government for revising its guidelines for micro, small and medium enterprises (MSME) to include retail and wholesale trade. He said that with this decision, lakhs of retail and wholesale traders under MSMEs will also now get the benefit of priority sector lending under RBI guidelines. With bringing retail, wholesale trade under MSME guidelines, there is a hoped that this sector would also see a growth, he said.
Gupta said that Reliance Retail should not be allowed to open retail stores in cities like Jammu where population is under 3 crore. Raising the issue of e-commerce, he welcomed the draft rules of e-commerce under Consumer Protection Act but showed concerns on the way the Niti Aayog has also joined the chorus without realizing the fact that to what level, the current e-commerce sector is greatly vitiated by some of the known global e-tailers through their mal-practices including huge violation of rules and laws. |
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