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Tuesday, January 25, 2022

Government should give compensation if lockdown is imposed, businessmen of the country demand from Finance Minister

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According to CAT (CAIT), the country has a turnover of about 80 lakh crore rupees per year, which is about 6.5 lakh crore rupees per month.

Nirmala Sitharaman

Corona cases are starting to increase once again across the country, after which the situation of imposing night curfew and lockdown has been made. In such a situation, the Confederation of All India Traders (CAT) today sent a letter to the Union Finance Minister Nirmala Sitharaman and the Chief Ministers of all states demanding that if a state announces a lockdown in order to prevent the epidemic, which will lead to the closure of the government. All those merchants should be given appropriate compensation.

CAT’s National General Secretary Praveen Khandelwal said, “The closed shops are entitled to compensation from the government due to the lockdown done at the behest of the government.” Kat told the formula of giving compensation, “The government should give compensation to such merchants in proportion to the annual turnover of the shop.”

Impact on business of 80 lakh crores

According to CAT, there is a turnover of about 80 lakh crore rupees per year in the country, which is about 6.5 million crore rupees per month. The monthly business of Maharashtra alone is about 1 lakh crore rupees and the monthly business of Delhi is about 20 thousand crore rupees. Khandelwal further said, “In the lockdown of last year, the traders not only closed their shops, but also in the horrific time of Karona at the call of Prime Minister Modi, irrespective of their lives, the supply of essential commodities across the country has been uninterrupted Due to which, traders across the country have suffered a huge loss in their trade, which has not been compensated till date.

Merchants did not receive the package

Kat said, “While the central government gave many packages for different classes last year, the traders of the country were not given a single rupee in any package nor did any state government extend a helping hand to the traders. , As a result of which the business class is facing a major crisis of financial liquidity till date. “

(Input IANS)

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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