Synopsis
“According to an estimate, due to the lock down and coronavirus restrictions, the gold and jewelry trade recorded a loss of about Rs 10,000 crores. Last year too, due to the lock down, jewellery traders were not able to do any significant business on Akshaya Tritiya,” a CAIT release said.
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There are about 4 lakh gold and jewellery traders in the Country.
For two consecutive years, on the occasion of Akshaya Tritiya, the business of gold and gold jewellery trade saw big losses, claimed trade body Confederation of All India Traders (CAIT).
“According to an estimate, due to the lock down and coronavirus restrictions, the gold and jewelry trade recorded a loss of about Rs 10,000 crores. Last year too, due to the lock down, jewellery traders were not able to do any significant business on Akshaya Tritiya,” a CAIT release said.
Gold prices rose back to last Friday s 14-week highs in London today as new US data said inflation is fast outpacing the recovery in industrial output while retail sales have fallen
Ease lockdown & reopen markets, appeal traders
“Traders are finding it difficult to cope with the hardship and survive. Lockdown is not the answer to the pandemic.
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| A+A A- By Express News Service
NEW DELHI: Citing financial losses due to the Covid-induced lockdown, a group of traders on Wednesday urged suggested the Delhi government to ease restrictions and allow the reopening of the retail markets with strict measures. Atul Bhargava, president of New Delhi Traders Association (NDTA), an association of shopkeepers in Connaught Place, said that business activities should be permitted in the markets with strict enforcement of Covid protocol.
CAIT asks Piyush Goyal to stop delivery of non-essential items by e-commerce cos
By IANS |
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Bhubaneswar, April 13 (IANS) The Odisha government on Monday said e-commerce and online platforms can resume operations in the second phase of the lockdown beginning April 15.. Image Source: IANS News
New Jersey/New Delhi, May 13 : The Confederation of All India Traders (CAIT) in a communication sent to Union Commerce Minister Piyush Goyal has said that going one step further, various e-commerce entities even in the ongoing COVID-19 induced national emergency are delivering non-essential goods in blatant contravention of lockdown guidelines imposed by various State Governments.