Nagpur: India’s retail trade is passing through a crucial stage and bearing various onslaughts from several quarters which has inculcated much resentment and anguish amongst trading community across the Country. Multiple laws and multiple authorities have created a situation of chaos in retail sector and crunch in capital flow has proved much detrimental to the traders all over India. Under this backdrop, the Confederation of All India Traders (CAIT) is holding a two days marathon meeting of trade leaders from across the Country at Nagpur on forthcoming August 27 and 28, 2016. Union Minister Nitin Gadkari and Chief Minister of Maharashtra Devendra Fadanvis are also expected to participate in the meeting and address the trade leaders.
CAIT National President B C Bhartia informed that the two days conclave will be attended by about 200 prominent leaders of leading trade organization from all States and Union Territories and will discuss various core issues concerning domestic trade.
A special session on proposed GST is scheduled to be held on August 27, 2016 where trade leaders from all over the Country will debate extensively on provisions of GST Bill and after which the CAIT will release a Traders White Paper on GST. However, the Empowered Committee of State Finance Ministers has invited CAIT for holding conclusive discussion on GST on August 30, 2016 at New Delhi.
Since GST is likely to be implemented by April 1, 2017, the two days Jamboree of the trade leaders assumes much significance.
Bhartia further said that beside GST, the trade leaders during their two days conference will have different sessions and will discuss other burning issues of domestic trade including FDI in Retail, FDI in E Commerce, Monopolistic policies of E commerce players adversely affecting retail trade, creation of a less cash economy in the Country, up-gradation and modernization of existing format of retail trade, Food Safety & Standards Act and its rules and regulations, need of a national trade policy for retail trade and formation of a separate Ministry of Internal Trade both at Centre & States, Mudra Bank: Beneficial to Traders
Bhartia further said that senior officials of HDFC Bank, MasterCard, CIBIL and other organization will also attend the meeting and will make power point presentation on different subjects .