Delhi traders to shut shops over rising prices
March 26th, 2010 - 7:43 pm ICT by IANSNew Delhi, March 26 (IANS) Traders will shut shops in Delhi Saturday to protest the rise in prices of diesel and other items.
The Confederation of All India Traders (CAIT) Friday called for shutdown, saying traders were unhappy with the Delhi government’s decision to increase in Value Added Tax (VAT) slabs.
“Traders will hold protest marches and shops will remain shut across the capital,” CAIT secretary general Praveen Khandelwal said.
“If the diesel and VAT slabs are increased, then trade will shift to neighbouring states and it will lead to a big business and revenue loss to Delhi,” he said.
Demanding withdrawal of rise in VAT slabs, Khandelwal said: “On a rough estimate, Delhi will lose around Rs.60,000 crore of business and revenue of Rs.5,000 crore.”
- Delhi traders protest higher VAT - Mar 27, 2010
- Levy on unbranded jewellery to be withdrawn: Pranab (Lead) - May 07, 2012
- Closed for Games, Delhi markets suffer losses - Oct 14, 2010
- Shopkeepers protest but shoppers don't mind foreign retailers (Afternoon Lead) - Dec 01, 2011
- Chhattisgarh shutdown against hiked excise duty on gold - Mar 30, 2012
- Shops shut in India but shoppers open to foreign retailers (Roundup) - Dec 01, 2011
- 'Delhi markets suffered huge loss during Games' - Oct 15, 2010
- Madhya Pradesh grocery shops, eateries on 3-day strike - Apr 09, 2012
- Jammu observes shutdown against police action - Mar 17, 2012
- Diesel to cost Rs.2.70 less in Delhi from July 20 - Jul 16, 2010
- Tax-free bond target for infrastructure projects at Rs.60,000 crore - Mar 16, 2012
- Rich taxed, common man spared in Karnataka budget - Mar 21, 2012
- Punjab ruling alliance claims complete shutdown in state - Jul 04, 2011
- Jharkhand opposition protests hike in VAT on diesel - Feb 11, 2010
- Living in Delhi gets costlier - thanks to Commonwealth Games (Roundup) - Mar 22, 2010
Tags: confederation, crore, delhi government, diesel, India, New Delhi, praveen, protest marches, rough estimate, secretary general, slabs, value added tax