Budget has disappointed the trading community: CAIT, Breaking News

New Delhi, Feb 1 The trading community has expressed disappointment with the Modi Government’s final budget before the general elections due in May this year.

Budget has disappointed the trading community: CAIT, Breaking News

The Confederation of All India Traders (CAIT) said the Budget seems to be overall good but it has utterly neglected the trading community and has highly disappointed 7 crore traders of the country who had very high hopes very from the budget.

CAIT National President B C Bhartia & Secretary General Praveen Khandelwal said that every other section of the economy has been given relief in the budget except the trading community which is the backbone of the economy.

“The budget makes us to feel that trading community is like an unwanted community in the country,” they added.


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 attention in the Budget but with totally left out from the Budget, the traders feel aggrieved, said CAIT.

Meanwhile, the CAIT has said that it will send a fresh memorandum to Prime Minister and Finance Minister urging them to take care of the trading community.