Traders dealing in clothing items, cosmetics, and electronics are up in arms against the curbs
LUDHIANA: Conceding to the demands of the industrialists, the state government has given a big relief to the shops dealing in industrial supplies, including hardware items, tools, motors, pipes. In an order issued on Tuesday, the additional chief secretary said the industrialists dealing in such products have been given permission to open their shops and cater to the requirements of the factories.
According to the order, some other categories of shops fertilisers, seeds, insecticides, pesticides, agriculture machinery, agriculture & horticulture implements, kirana and grocery shops, including PDS stores too have been allowed to open. Besides, retail and wholesale liquor vends have also been allowed to open, but as per the order, all these categories of shops and establishments can operate till 5pm only and will not be allowed to operate during the weekend lockdown.
Unrelenting hike in steel raw material prices, city bizmen want govt help | Ludhiana News
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Bizmen ask Centre to give workers free vax | Ludhiana News
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Ludhiana: Nearly 10 days after Union finance minister Nirmala Seetharman announced import duty cut up to 5% on certain steel products, a positive impact is being seen on the rates of domestic steel raw materials, which have come down between Rs 4,000 to 8,000 per tonne.
The slashing of import duty was welcomed by Punjab’s engineering goods manufacturing sector especially the micro, small and medium enterprises (MSME), manufacturing bicycles and its parts, sewing machines, auto parts, etc that had been suffering due to a steep hike in the steel raw material rates.
However, despite the fall in rates, the MSMEs are still not happy, as they feel that rates need further correction, since they are still very high compared to their cost 6-12 months earlier.
Ludhiana: With Union Budget-2021 set to be presented on Monday, the city residents expect finance minister Nirmala Sitharaman to announce measures to benefit all sections of people, as they have not been able to overcome the economic setback dealt by the coronavirus pandemic.
The residents be it businessmen, self-employed, ex-servicemen or retired government servants are of the view that under the present circumstances, when people have suffered huge financial losses due to the pandemic and extreme resentment prevails among the farmers, the central government would announce some major reliefs in this budget.
Talking about what the budget could have in store for them, Jagbir Singh Sokhi, president of Sewing Machine Development Club, said, “As coronavirus has wreaked havoc in India across all segments and we have still not been able to come out of its impact, it is very likely that the Centre will announce some major concessions. We may see reduction in GST for some sectors and als