Confederation of All India Traders (CAIT) News

CAIT conducted a meeting with the Delhi Metro Rail Corporation (DMRC) chief Mangu Singh. In the meeting the traders body suggested several measures to check the spread of the coronavirus. Delhi traders body urged the Delhi Metro authorities to increase the frequency of metro trains to put an end to long queues of commuters.

Expressing disappointment on Delhi CM Arvind Kejriwal's decision to seal Delhi border for one week, the  Confederation of All India Traders (CAIT) said that the decision is very unfortunate. The traders association stressed that on one side the shops and factories are opening whereas on the other side the borders have been sealed which is now a matter of concern.

The traders' body suggested the government to re-examine the category of products and services under the 28 percent tax slab, arguing that many of the products like auto spare parts and housing industry items deserve to be moved to the lower tax bracket.

The nation-wide Goods and Services Tax (GST), which comes into effect from midnight, will overhaul India's convoluted indirect taxation system and unify the USD 2 trillion economy with 1.3 billion people into a single market.