India- Traders body gives Delhi budget a thumbs down

(MENAFN – KNN India) The dealer organization gives the budget in Delhi a thumbs down

New Delhi, March 10th (KNN) Traders panel CAIT was upset that it was neglected in the Delhi budget presented Tuesday by Delhi Deputy Prime Minister Manish Sisodia, saying it was a disappointing document for the trading community.

The AAP government on Tuesday presented a budget proposal of 69,000 rupees for the 2021-22 financial year on the subject of “patriotism”.

“Delhi’s budget is unfair. It reflects the negative attitude of Delhi Chief Minister Arvind Kejriwal towards the trading community. We strongly condemn the budget in Delhi,” said Pravin Khandelwal, National Secretary of the Confederation of All Indian Traders (CAIT) on Tuesday.

Kandelwal said it was utterly unfortunate that the Delhi government failed to provide funds to develop Delhi businesses at a time when Delhi’s business is under great financial strain and trying to overcome the adverse effects of the Covid-19 pandemic have provided.

“It is also surprising that no single budget plan for business has been announced, nor has any policy to rationalize trade and commerce been announced in Delhi,” added the CAIT Secretary General.

No plan has been announced to set up a cyber hub in Delhi while Delhi’s revenue is being shifted to neighboring cities like Gurgaon and Noida, he said.

According to traders, Delhi is the largest trading center in the country and Delhiā€™s revenue is largely dependent on trade.

“It was expected that the Kejriwal government would come up with something for traders, but unfortunately they didn’t pay any attention to them in the state budget,” she added.

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