Excelsior Correspondent
JAMMU, Dec 20: Trade leaders from about 26 states at a grand rally held at Union capital last evening under the banner of Confederation of All India Traders (CAIT), unanimous voiced their concern of Govt’s policy with retard to FDI in retail and the manner in which Modi Govt has waived off the farm loans at the cost of the tax payers money in the country.
While addressing grand rally, Neeraj Anand, vice president, CAIT and president Chamber of Traders Federation Jammu expressed concern over declining trade volumes and increasing cost of doing business post GST and demonetization. He called for small traders to get united and oppose tooth and nail the entry of multinationals/FDI in retail.
Raking up issues of Jammu at National level Anand called for intervention at the highest level to remove Toll Tax on goods, a faulty policy move that has shifted the trade balance in favour of neighbouring states thus, badly affecting trade of Jammu region.
While speaking at National Trade body meet at CAIT’s office, Neeraj also stressed on restricting loss financing module adopted by Wall-Mart, Big Bazaar etc to snatch business from small retailers and Traders.
CAIT National president BC Bhartia and secretary general. Praveen Khandelwal said that the trading community in the country is collecting taxes on behalf of the Government without any remuneration whereas, on the other hand the traders are forced to face complicated tax system, penalties, expenses on collecting taxes and unfortunately at the time of any natural calamity, the traders have to suffer huge losses but not even for a single time so far no loan waiver or assistance has been given to traders though Farmers are being made lame by giving them loan waivers.
They further said that farmers’ labour should be respected but instead of waiving the loans the Government should take out farmers from the vicious circle of loans and provide them tax free seed, manure, good agricultural implements, crop insurance with medical and education insurance, better irrigation facilities, cold storages near their farming, better transport facilities and good price of their crops; and then no farmer in the country will ever require any kind of waiver.
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