 Early Times Report
JAMMU, Sept 25: Chamber of Traders Federation (CTF) Jammu, an affiliate of Confederation of All India Traders (CAIT) held a "Traders meet" at Amar Singh Club here today to discuss the impact of changing business environment post demonetization and GST implementation and how modern trade backed by FDI and wrong policies of government is pushing the small trader and shopkeepers to the wall especially so in the landlocked trade dependent Jammu city.
Voicing concern over the ill effects of illegitimate practices like loss financing /selling goods on much lesser cost than the purchase price to unsettle small traders and shopkeepers by Deep Pocket capitalist backed entities like Walmart, Big bazaar easy day etc, Neeraj Anand, President Chamber of Traders Federation and National Vice President, CAIT concluded that the situation is worsening day by day forcing Jammu Youth to migrate.
Addressing media after the Meet, Neeraj said," It is regretted that retail Trade sector though is the second largest Employment provider after Agriculture sector still no priority is accorded to address the genuine issues of the trade."
He questioned the need to virtually handover 42 lakh crore trade that accommodates over 7 crore small Indian traders with a dependent population of 35 crore to a "few selected" foreign big entities like Walmart, Amazon and Flipkart
Sharing details of the Activities at National Level, Neeraj said, CAIT has listed a charter of demands including Trade Policy for retail, status of tax collector for traders with pension benefits, immediate stoppage of Walmart and Flipkart deal, withdrawal of permission of 100% FDI in retail, restricting penalty amount to maximum ten thousand under FSSAI Act, Abolistion of Toll Tax on Goods in Jammu etc and the same shall be handed over to Honorable Prime Minister on 28 September seeking relief for Traders. |
