Union Budget: Traders Feel Deserted, Says CAIT

New Delhi: While interim Finance Minister Piyush Goyal was presenting the interim budget of the outgoing NDA government Prime Minister Narendra Modi was seen cheering the treasury bench with the hope, people at large would appreciate the “ pro-poor policies and schemes” announced by his government. Though the budget at the outset gives the impression of a pro-people approach, the traders are disenchanted for the simple reason they did not get what they anticipated.

Confederation of All India Traders (CAIT), the apex body of over 70 million traders in the country,  admits “ Union Budget seems to be overall good,  but it has totally neglected the trading community.”

The trades are disappointed for “all sections of our society except the traders were rewarded.  Traders across the country eel neglected and discarded. The rulers should know that we are backbone of our economy,” said Praveen Khandelwal, Secretary General, CAIT

Khandelwal said that after  renaming DIPP as Department for Promotion of Industry and Internal Trade and giving no extension to FDI policy in e commerce, the traders were hopeful that they will get due consideration in the Budget “but  being totally left out from the Budget, the traders feel aggrieved.”

However, Khandelwal said that CAIT would send a fresh memorandum to Prime Minister and Finance Minister urging them to take care of the trading community.