Mar 4, 2022
2 minutes
CAIT urges PM Modi to consider small businesses
Mar 4, 2022
The Confederation of All India Traders has penned a letter to Prime Minister Modi asking him to uplift small businesses and increase their ease of doing business, criticising the Union Government for sidelining them.
CAIT’s secretary general Praveen Khandelwal wrote to Modi on March 3 to express that he, “deeply regretted that so far no authority has paid any attention,” to boosting small businesses, the Press Trust of India reported.
“It is to bring to your kind notice that several times, we on our own requested concerned authorities to involve traders in participatory governance to widen the tax base and yielding more revenue to both Central and State Governments but our call was never answered.”
Although the Union Government named micro, small, and medium businesses as one of the driving forces behind the Indian economy, CAIT believes that insufficient measures have been taken to support them. The issue is especially pertinent in the wake of the pandemic, which generally affected smaller businesses more severely.
“Under the circumstances, we have been compelled to knock your doors with a request to please take immediate cognisance of the matter and accord us an earliest convenient appointment to place before you the issues for your kind consideration,” wrote Khandelwal.
Ways in which the government could increase ease of doing business for smaller companies, according to CAIT, include addressing goods and service tax complexities, modernising retail trade, and creating easier opportunities to avail finance.
CAIT has approached the Union Government multiple times to ask it to consider small businesses in its policies. The organisation has especially campaigned in regards to online trading where it has stated multiple times that it believes foreign owned businesses, namely Amazon and Walmart-owned Flipkart, have monopolised the market to the detriment of Indian businesses. CAIT has held pan-India protests and boycotts to this effect.
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