VAT: Delhi Traders Strike Today

New Delhi, February 26: | Updated: Feb 27 2003, 05:30am hrs
Traders in the Capital will keep their shutters down on Thursday to protest against the proposed introduction of VAT from April 1, saying the new tax regime will destroy small traders and adversely affect consumers.

Confederation of All-India Traders general secretary Praveen Khandelwal said all wholesale and retail markets in the city, including the satellite markets in residential areas, will observe a complete strike, and will take out rallies and stage sit-ins in various markets.

The bandh call has been jointly given by the confederation, the Delhi Vyapar Mahasangh and the Forum of Delhi Trade Associations.

Mr Khandelwal said the citys entire trading community is opposed to VAT which, if implemented, will ruin the distributive character of the Capital and urged the govt to defer its implementation.