PPBM requests PM to consider demands to enable trade and industry to build self-dependent nation
State leaders of Punjab Pradesh Beopar Mandal writes letter to PM Narendra Modi
Ludhiana: Punjab Pradesh Beopar Mandal (PPBM) has shot off a letter to Prime Minister Narendra Modi requesting him to consider certain demands so that trade and industry could come back strongly to build a self-dependent nation.
The letter has been sent under the signatures of the mandal’s state president Piara Lal Seth, state general secretaries Sunil Mehra and Sameer Jain, state secretary Mohinder Aggarwal and state treasurer SK Wadhwa
Stating this here today, the mandal’s state secretary Mohinder Aggarwal told that the signatories to the letter have extended their deepest gratitude and thanks towards Modi’s contribution and efforts in the face of COVID-19.
The mandal leaders told the prime minister that, “we are highly encouraged to see that you have worked day and night to serve the nation and in this time of crisis the government has announced a relief package of Rs 20 lakh crore for the nation.”
The prime minister has been apprised that whole sellers, retailers and MSME (Micro Small and Medium Enterprises) of the country have suffered a lot during this lockdown and are looking forward for his support in this hour of need.
The mandal leadership has requested the prime minister to consider certain demands so that the trade and industry might come back strongly to build a self-dependent nation.
The demands included waiver off interest levied by banks on term loans and CC (cash credit limit) of whole sellers, retailers and MSME so that they are able to control debt ratio; inclusion of whole sellers and retailers in service sector of MSME so that 7crore traders can get benefit of MSME schemes announced by the government since as of now they have not received any relief in the package announced; and income tax liability for whole sellers. They also demanded that retailers and MSME up to 10 lakh be given as tax relief for one year. It will result in positive cash flow of 33% in every company.
Further, it has been requested to give package for the middle class by giving compensation in deposit of GST by 50% for next six months to enhance cash flow in the companies. The mandal also demanded that two months grant of expenses done by a GST registered company should be compensated on the average of last six months to compensate loss during lockdown.
Concluding, the mandal leaders said they are confident that the prime minister will pursue their submissions for redressal to middle class who has always stood with the country in any emergency.