He also sought the waiver of bank charges on digital payments for faster acceptance and adoption of digital payments in the country. Khandelwal has also asked for policies to support digitalisation and computerisation of traders’ businesses.
CAIT has been on the forefront of the protest against the discount policy on e-commerce sites and has time and again asked the government to look into the operations of the online platforms.
In its statement on Budget recommendations, the traders’ body has said that the government should increase the custom duty on imports from China and other countries on non-technical items, along with the suggestion to review multiple laws for retail trade and withdrawal of redundant laws.
Khandelwal said in the statement that only one licence should be made necessary in place of multiple licences required for operating business activities.
The Budget on February 1 comes at a crucial time, as India’s retail trade is going through an unprecedented slowdown on the back of weak demand. The subdued retail segment due to liquidity crisis has played a major role in the current lacklustre economic scenario.