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Govt should give compensation in view of Lockdown, demands businessman of country

CAT's National General Secretary Praveen Khandelwal said, "The closed shops are entitled to compensation from the government due to the lockdown on the orders of the government."

Yogita S.

Yogita S.By Yogita S.

Published on 13 April 2021 11:46 AM GMT

Govt should give compensation in view of Lockdown, demands businessman of country
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New Delhi: Corona cases are starting to increase once again across the country, after which the situation of imposing night curfew and lockdown has been made.

Govt should pay compensation: CAT

In such a situation, the Confederation of All India Traders (CAT) has sent a letter to Union Finance Minister Nirmala Sitharaman. Also, to Chief Ministers of all states today demanding that if a state announces a lockdown in order to protect against this pandemic, which will lead to the closure of the government, All those traders should be given appropriate compensation.

CAT's National General Secretary Praveen Khandelwal said, "The closed shops are entitled to compensation from the government due to the lockdown on the orders of the government."

CAT told the formula of giving compensation, "The government should give compensation to such merchants in proportion to the shop which has an annual turnover."

Affect on business of 80 lakh crore rupee:

According to CAT, the turnover of the country is about 80 lakh crore rupees per year, which is about 6.5 lakh crore rupees per month. Monthly business of Maharashtra alone is about 1 lakh crore rupees and Delhi's monthly business is about 20 thousand crore rupees.

Khandelwal further said, "In the lockdown of last year, the traders not only closed their shops, but also in the horrific time of corona at the call of Prime Minister Modi, irrespective of their lives, the supply of essential commodities across the country has been uninterrupted Due to which, traders across the country have suffered a huge loss in their trade, which has not been compensated till date.

CAT said, "While the central government gave many packages for different classes last year, the traders of the country were not given a single rupee in any package nor did any state government extend a helping hand to the traders. , As a result of which the business class is facing a major crisis of financial liquidity till date. "





Yogita S.

Yogita S.

She covers current News topics, keeps the audience updated with Buzz around the world. Also a PR Enthusiast.

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