LUDHIANA: With less than a week left for Union budget, city-based jewellers and gold traders are hoping that no new taxes are imposed on them. The traders are also of the view that since their trade is passing through a very bad phase, some steps need to be taken by the Union finance minister to support them. The major demand is cutting down the 12% custom duty applicable on the import of gold, which, according to them, would be a game changer and will also benefit the government immensely. Jewellers also want finance minister to hike the cash-sale limit per party and reduce the rate of income tax in the country.