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A loss of Rs 3.15L Crores in retail trade due to lockdown

The number of Coronavirus cases is increasing every day in the country. To Minimise the damage control, PM Modi extended the
A woman walks with children wearing protective masks during a curfew in response to the outbreak of the coronavirus pandemic in Mumbai, India, on March 24. Himanshu Bhatt/NurPhoto via Getty Images

The Confederation of All India Traders (CAIT) said on Tuesday that Retail trade had suffered a loss of Rs 3.15 L Crores due to this ongoing lockdown. Though they strongly favor the PM’s decision to extend the lockdown, still the damage cannot be ignored.

According to BC Bhartia (1), CAIT National President, and Secretary General Praveen Khandelwal, there are more than seven crores traders in the country, and among those, 1.5 crores operate with essential goods. Despite these numbers, only around 40 lakhs of them can continue their trade. Others are facing difficulties in this quarantine to carry out business, the reason being the strict social distancing normas and nonavailability of transport.

Conditions of Traders

According to the reports, around 80% of the traders have migrated to their villages during the initial lockdown days. The remaining 20% are working to maintain the smooth supply of essential goods in the country.

The traders’ community strongly supports the decision of extension of lockdown, says CAIT’s Delhi NCR unit Convener Sushil Kumar Jain.

CIAT also passed the statement that the retail trade has suffered a loss of Rs 3.15L Crores in the past 21 days lockdown.

The number of Coronavirus cases is increasing rapidly daily. The cumulative number has reached 11,500 in the country.

State-wise COVIS-19 Cases:

  1. Andhra Pradesh – 483
  2. Andaman and Nicobar Islands – 11
  3. Arunachal Pradesh – 1
  4. Assam – 32
  5. Bihar – 66
  6. Chandigarh – 21
  7. Chhattisgarh – 33
  8. Delhi – 1561
  9. Goa – 7
  10. Gujarat – 650
  11. Haryana – 199
  12. Himachal Pradesh – 33
  13. Jammu and Kashmir – 278
  14. Jharkhand -27
  15. Karnataka – 260
  16. Kerala – 387
  17. Ladakh – 17
  18. Madhya Pradesh – 730
  19. Maharashtra – 2687
  20. Manipur – 2
  21. Meghalaya – 1
  22. Mizoram – 1
  23. Odisha – 60
  24. Puducherry – 7
  25. Punjab – 176
  26. Rajasthan – 969
  27. Tamil Nadu – 1204
  28. Telangana – 624
  29. Tripura – 2
  30. Uttarakhand – 37
  31. Uttar Pradesh – 660
  32. West Bengal – 213

To know the latest updates, visit the official government website.

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