News Analysis India

Tag: association

  • Will write to FM to reconsider relief for traders, middle-class: CAIT NCR

    By PTI

    NOIDA: Lamenting no sops for middle class and traders in the Budget 2022-23, the NCR chapter of the Confederation of All India Traders (CAIT) said it will be writing to the Union Finance Ministry to reconsider extending relief in these categories.

    CAIT’s NCR unit convenor Sushil Kumar Jain said in the budget, the government has given relief by reducing the tax rate on some items like textiles, electronics, and jewellery and it would definitely increase their sales.

    “The proposals on MSME are also a matter of joy but overall it looked like the government has hardly changed the budget from the last year and wants to move further for development like the previous years. There was no relief for the traders and middle class and they are disappointed with this budget,” Jain said in a statement.

    “We will again write a letter to Finance Minister Nirmala Sitharaman for reconsidering the budget and if still possible, some relief can be given to traders and the middle class,” said Jain, also the president of Noida’s Sector 18 market association.

    He said the CAIT had been repeatedly urging the Centre for reconsidering aspects of the GST and Income Tax but there has been no hearing on that too.

  • Demonstration of Chhattisgarh Builder / Contractor Association against arbitrary increase in price of cement and steel

    The country and infrastructure development remain the main contributors of infrastructure manufacturers. Infrastructure ie infrastructure development provides employment to many unemployed and cement and steel are the main materials for this infrastructure development. Due to rising cement and steel prices, the builders are facing a lot of difficulties in Chhattisgarh on Friday. In fact, from time to time, there has been a huge increase in arbitrary prices for individual interests by forming groups by cement and steel manufacturers. The builder association of India had complained to the CCI (Competition Commission of India) against the artificial growth done earlier by the producer group. Raipur Center Chairman of Builder Association of India Sushil Aggarwal said that on the complaint, a penalty of Rs 397.51 crore was imposed against the concerned cement company and cement association on 30 July 2012 and then Rs 6307.32 crore on 25 July 2018.