Traders to observe bandh on Sept 28 against FDI in retail

CTF members displaying banners projecting their demands after meeting in Jammu on Tuesday.
CTF members displaying banners projecting their demands after meeting in Jammu on Tuesday.

Excelsior Correspondent
JAMMU, Sept 25: Chamber of Traders Federation Jammu, an affiliate of Confederation of All India Traders(CAIT) held a traders meet 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 in Jammu city.

Click here to watch video
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, yet 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, Flipkart etc.
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- Flipkart deal, withdrawal of permission of 100% FDI in retail, restricting penalty amount to maximum ten thousand under FSSAI Act, Abolition of Toll Tax on goods in Jammu etc and the same shall be handed over to the Prime Minister on September 28, seeking relief for traders.
In Jammu also copy of the same charter of demands would be handed over to Deputy Commissioners at 12 Noon. Similarly, each and every state in India would observe bandh and traders would hand over the charter of demands to respective authorities drawing attention of the Government towards the plight of the small traders, Anand added.


Please enter your comment!
Please enter your name here