Coronavirus: CAIT calls for monetary assist to lockdown-hit merchants

Coronavirus: CAIT calls for monetary assist to lockdown-hit merchants



Home merchants physique CAIT physique on Sunday urged the Delhi authorities to provide monetary help to the merchants group which has been hit by Covid-19 induced lockdown.


“The outlets and markets are closed and there’s no influx of cash whereas the outflow of cash continues when it comes to assembly household and institution bills like wage of the workers, electrical energy payments, water payments, property tax, fee of EMIs, curiosity on loans and so forth,” the Confederation of All India Merchants (CAIT) mentioned in an announcement.



It added that since merchants are the tax collectors for the federal government, “we’ve got a proper to demand such monetary services”.


The confederation has urged Delhi Chief Minister Arvind Kejriwal to provide monetary help to merchants.

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https://www.business-standard.com/article/economy-policy/coronavirus-cait-demands-financial-support-to-lockdown-hit-traders-121050900592_1.html