Govt’s bold steps will streamline country’s trade: Bhartia

Source: The Hitavada      Date: 26 Oct 2017 09:45:11


 

Business Bureau,

City’s traders set aside challenges and hurdles posed by the newly launched Goods and Services Tax (GST) and the controversial move of demonetisation of high value currency notes while celebrating ‘Diwali Sneha Sammelan’ (get together) here on Wednesday under the banner of their apex body - the Nag Vidarbha Chamber of Commerce (NVCC).


Although most of them observed that a sense of dullness is prevailing in the markets because of the GST and demonetisation, they believed that the country’s economy would bounce back in coming days.
Addressing a gathering of over 2,500 traders in the premises of the NVCC’s premises, B C Bhartia, National President of Confederation of All India Traders (CAIT) said, GST and demonetisation would bring in prosperity to the traders and citizens in the coming days.


“The objective of the two ‘bold steps’ initiated by the Union Government is to streamline the trade in the country and make it transparent. It will help the country emerge as a big economy on global front. The clouds of uncertainty will soon disappear and markets will witness excitement,” he said appealing the traders to bear the inconvenience for
some time.


Bhartia also urged the traders to adopt modern means of technology to gear up for future wherein digital mode of money transaction would have no other option.
Earlier, in introductory remarks, Hemant Gandhi, President of NVCC, said that trader community is known for its quality of tolerance. “Traders do not shy away from their responsibilities and duties towards the nation. They work hard and contribute in nation building,” he further said.


However, Gandhi said that the policy makers should bring down the slabs of GST. “GST of any product or service should not surpass the limit of 18 per cent. On many products, the Government is collecting 28 per cent GST which is not acceptable to the traders,” he said.
Gandhi also said that traders want 24x7 power supply and hassle-free system for filing tax returns for making the new tax regime a big success.


“The policy makers should treat the traders like human beings and refrain from imposing ‘harsh’ laws,” he said.
Balbairsingh Renu, Shankarlal Jalan and Ratanlal Lahoti were felicitated by giving them ‘Lifetime Achievement Award-2017.’ Renu, Jalan and Lahoti thanked the members of Nag Vidarbha Chamber of Commerce for giving them award and felicitating them on the occasion.

They vowed to always support NVCC whenever any problem pertaining to traders arises. At the outset, the NVCC President Hemant Gandhi felicitated all the past presidents of the chamber including Prakash Wadhwani, Dipen Agrawal, Prakash Mehadia, Nilesh Suchak, Mayur Panchmatiya, Radheshyam Sarda, Mathuraprasad Goyal, Rajnibhai Gariba, Jagdish Bang, Hemant Khungar, Prafull Doshi and others. Prominently present were Sanjay Agrawal, Secretary of NVCC, Mayor Nanda Jichkar, Deputy Mayor Deepraj Pardikar, Ramtek MP Krupal Tumane, MLA Dr Milind Mane, former MP Gev Awari, NCP leader Anil Ahirkar, former MLA Dinanath Padole, Corporator Roopa Rai; Rafiq Shaikh, Chief Engineer MSEDCL; Atul Pandey, President of Vidarbha Industries Association; CA Kailash Jogani, President of NCCL, Capt. Chandramohan Randhir, Corporator Duneshwar Pethe, President of MIA; CA Julfesh Shah, Farooque Akbani, Pratap Motwani, Sachin Puniyani, Arjundas Ahuja, A Raju Vyas, Ashwin Mehadia, Umesh Patel, Sanjay Paliwal, Rohit Bajaj, Suresh Rathi and others.