COVID-19 IMPACT: INDIA’S RETAIL SUFFERED BUSINESS LOSS OF RS 15.5 LAKH CRORE SAYS CAIT

Highlights

• The CAIT said the traders across the country are depressed due to declined demand and lack of funds to meet multiple financial obligations

• In its statement, CAIT also said no support policy from the governments is also affecting the traders

&...

NO HOTELS, GUESTHOUSES FOR CHINESE PEOPLE IN DELHI: DHRUVA

Highlights

• The Confederation of All India Traders (CAIT) has urged all the traders and service providers to boycott China

• Dhruva’s general secretary said from now onwards no Chinese people will be allowed accommodation in nearly 3,000 budget hotels and gues...

41 PERCENT INDIANS TO SHOP LESS AFTER COVID-19 CRISIS

Highlights

• Majority of the consumers staying in tier II and tier III cities are intending to visit retail stores in next three to six months

• According to the survey, 60 percent women are in the favour of shopping online

• Nearly 52 percent people a...

RETAILERS AND SMALL BUSINESSES ARE ELIGIBLE FOR EMERGENCY CREDIT

Highlights

• All the assistance under this scheme will be sent in the form of additional working capital through a term loan facility for the eligible MSMEs and businesses

• As per CAIT, retailers and small businesses lost business worth Rs 9 lakh crore, while the Ce...

INDIA’S RETAIL TRADE LOST BUSINESS WORTH RS 9 LAKH CR IN LAST TWO MONTHS

Highlights

• Both the Central and state governments lost Rs 1.5 lakh crore on the account of GST

• Only 8 percent workforce could resume their duties as nearly 80 percent of employees have migrated to their native places  

According to the stateme...