Given the economic downturn in the country’s retail business, the lack of cash liquidity, the complexity of the tax system and the unscrupulous business model of the e-commerce companies, which has washed out domestic trade and the role of traders in objective of making India a 5 trillion economy by Prime Minister Shri Narendra Modi and on several other critical issues, now the eyes of traders across the country are looking at the National Traders Convention of Confederation of All India Traders (CAIT) which is beginning tomorrow and traders hope that there will be a vigorous discussion on trade related issues in the convention and the future strategy will be decided for their solution. Many political parties are also eyeing this convention of traders happening just before the announcement of Delhi elections. This convention in which traders of Delhi will also be involved in large numbers can decide the attitude of the traders on elections.
This three-day session will be inaugurated tomorrow by the Union Defense Minister Rajnath Singh and throughout the day various sessions will be attended by Union Urban Development Minister Shri Hardeep Puri and NITI Aayog CEO Amitabh Kant on how to modernize existing retail format of business, Digitalisation of traders, Delhi sealing issue, Delhi Rent Control Act, upgradation of commercial markets under Smart city Project etc
National Secretary General of CAIT, Mr. Praveen Khandelwal told here today that in the session, thousands of business leaders of major business organizations from all the states will participate in the discussion and many prominent economic and finance experts will also participate in the discussion for several sessions.
Mr Khandelwal informed that various critical issues of the trading community will be discussed during the convention includes onslaught of E Commerce Companies on retail trade by their malpractices & violation of FDI policy and to seek immediate steps by the Government to make them obligatory to comply with FDI policy or else leave the Country.
Early introduction of a comprehensive e commerce policy, Reforms needed for E Commerce market of India, formation of a Regulatory Authority for E Commerce or E Commerce Ombudsman , linkage of 7 crore traders of the Country with e commerce under Digital India program of the Prime Minister Shri Narendra Modi, ban on cash on delivery (COD). Payment system in e commerce will be elaborately discussed and future action plan will be chalked out. Similarly problems arising out of implementation of GST, Simplification & Rationalisation of GST Tax structure, removal of disparities and anomalies in different GST tax rate slabs, blockage of refund with the Government and ways & means for aggregation of 2 crore traders under GST will be discussed at length.