Covid 19: The country’s domestic business going through the worst phase, 1.75 small businesses may be closed

new Delhi: India’s domestic trade is going through its worst phase of the century due to Kovid-19. Commenting on the economy of the country, the Confederation of All India Traders (CAT) said that due to lack of any support package for relief from Kovid-19 from both the central and state governments, around 1.75 per cent of about 25 per cent of small traders across the country. Crore shops are on the verge of closure, which will be most disastrous for the country’s economy. Also Read – 22,543 new cases of corona reported in Maharashtra, 29,531 deaths so far

CAT’s National General Secretary Praveen Khandelwal said that Corona has sucked the blood of Indian domestic business, which is currently fighting hard for its existence and is facing many attacks of all kinds. The domestic trade market of the country has been going through a major financial crisis since pre-Kovid-19 and in the post-Kovid-19 has brought business under unusual and high level of financial pressure. Also Read – When will the corona vaccine arrive in India? Health Minister said – date is not known but ….

There was no provision of one rupee for small businesses in the Rs 20 lakh crore package announced by the central government, nor did any state government of the country provide any financial assistance for small businesses. If 1.75 crore shops in India are closed, then the businessmen will be completely ignored and indifferent to the central and state governments and surely there will be an increase in unemployment in India, which will give a big blow to the economy, Prime Minister Narendra Modi’s ‘Local on Vocal’ and self-sufficient India will suffer big loss. Also Read – Corona’s havoc resumes in Delhi, 4, 235 new patients found, 24 more killed in 24 hours

He further stated that the payment of central and state government taxes on traders, formal and informal sources, EMI, water and electricity bills, property tax, payment of interest, payment of wages to meet the monthly installments of loans taken Has a huge financial burden. CAT has urged Prime Minister Narendra Modi to take immediate cognizance of this burning issue of traders and announce a package policy for traders and help them in revival of their businesses.

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Kim Diaz

Kim recently joined the team, and she writes for the Headline column of the website. She has done major in English, and a having a diploma in Journalism.

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