The Hindu Business Line : Traders' bandh turns violent

Apart from paralysing normal routine in the Capital, the three-day bandh called by the traders is estimated to cost the exchequer around Rs 150-200 crore.

Based on average value-added tax collections in the city, the total loss to the Government in the three days would be around Rs 150 crore, said the Confederation of the Indian Industry (CII), while the Confederation of All India Traders (CAIT) put the figure at Rs 200 crore.

The traders also held meetings to chart their plan of action in wake of the Supreme Court's directive to the civic body to resume action against illegal shops from Thursday.

Most major markets remained closed on the concluding day of the bandh. "The entire trade of the city including iron and hardware, paper, welding, sanitary, chemical, cloth and stationery among others remained closed," said Mr Satender Jain, National Joint Secretary, CAIT.

CII has urged the Government to come out with the Master Plan for Delhi (MPD) at the earliest. The MPD must give clear balanced norms for land use, keeping in mind the need of Delhi and its citizens, including the trading community and the service sector.

Industry chamber Assocham is of the view that a mechanism should be worked out taking a lenient view towards the traders and must give relief to the people.

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