CAIT releases ‘National Charter of Traders’ for political parties
   Date :05-Apr-2019

 
 
 
Business Reporter RAIPUR:
 
 
IN its bid to play a decisive and crucial role in forthcoming Lok Sabha elections, Confederation of All India Traders (CAIT) on Thursday released ‘National Charter of Traders’ at Puducherry. The occasion was final day of two-day national conference which was attended by more than 200 prominent trade leaders from 26 states across the country. The charter for political parties lists out core issues concerning domestic business of the country. While making a strong and straight declaration of converting seven crore traders and their 30 crore employees across country into a ‘Vote Bank’, CAIT in an unequivocal term said that trading community across the country will vote collectively to the party who accepts and promises to implement the charter. Gross neglect of traders in the country since decades has compelled CAIT to convert traders into a vote bank.
 
After analysing the response on National Charter of Traders from political parties, CAIT will issue a mandate and urge the traders across to vote accordingly. While releasing the charter, CAIT National President B C Bhartia and Secretary General Praveen Khandelwal said that the National Charter of Traders demands a robust e-Commerce Policy to clean current highly vitiated e-Commerce business in India and provide equal level playing field and fair competition. A National Trade Policy for Retail Trade and creation of a separate Ministry of Internal Trade, formation of a Retail Regulatory Authority and Regulatory Authority for e-Commerce on the pattern of SEBI, Simplification and Rationalisation of GST Tax Structure, scheme for upgradation and modernisation of existing retail Trade in India and incentives for adoption and acceptance of digital payments by traders.
 
 
Waiver of bank charges on digital transactions, introduction of a balanced Model Tenancy Act, overall review of Food Safety and Standards Act, amendments in procedure of Mudra Yojana by including Non Banking Finance Companies and Micro Finance Institutions as loan disbursement agencies instead of banks, formation of a National Board of Internal Trade comprising representatives of trade bodies are also some of the issues listed in the charter, they added.
 
The charter further demands accidental insurance of Rs 10 lakh for traders registered under GST as implemented in UP, subsidy to traders for adoption of computer system in existing format of business, lower interest rate by 2 per cent than the prevailing interest rate by banks & financial institutions, pension to traders after attaining age of 65 years are included in the charter. Besides redefining of credit norms for small businesses, the charter demands better infrastructure facilities in commercial markets, augmentation of safety and security of traders and commercial markets with help of trade associations, food grains and essential items to be taken out from Commodity Exchanges, abolition of toll tax payers in Jammu, Mandi Tax and Professional Tax across country to make GST as one tax regime, only one license to be made mandatory for conducting any business in India and representation to traders from Gram Panchayats to State Legislative Council. The valedictory programme of the conference also decided to continue its national campaign of ‘One Nation-One Trader-Ten Votes’ across country more vigorously to aware traders about importance of their vote with a slogan ‘You must vote - Party who trust traders’.