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income tax law: Traders hint at slump in bulk purchases from MSME units before April as new IT law stares them in face

The new income tax law requiring master distributors to clear MSME bills within 45 days sparks concern among merchants. Some reduce purchases to comply, fearing tax implications. Merchants argue customers face no such deadlines, posing payment challenges. Trade bodies seek grace periods and leniency, highlighting logistical and financial hurdles. Calls for government payments to set examples and requests for extensions underscore broader industry apprehensions over the law s impact on trade dynamics.

Plea to permit functioning of textile shops in Madurai

Plea to permit functioning of textile shops in Madurai
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Crowded markets, deserted hill station

Coronavirus | Crowded markets, deserted hill station Updated: Updated: People indulge in panic buying ahead of lockdown; tourists told to steer clear of Kodaikanal Share Article People indulge in panic buying ahead of lockdown; tourists told to steer clear of Kodaikanal Chaotic scenes prevailed at markets and shops across Madurai district on Sunday as people thronged them to stock up on essential commodities ahead of the two-week complete lockdown from Monday. All shops were opened on Saturday and Sunday, resulting in crowding of the four Masi Streets and traffic congestion near Vilakkuthoon during the day. Nitesh Kothari, a trader near Thirumalai Nayak Palace, said many residents made last-minute purchases ahead of Ramzan. Police personnel inspected shops at frequent intervals to ensure that there was no crowding.

Problems aplenty in Madurai Central constituency

Problems aplenty in Madurai Central constituency Updated: Updated: Traffic congestion, and lack of basic civic infrastructure haunt residents Share Article Madurai Madurai Central Assembly constituency houses the famed Meenakshi Sundareswarar Temple the landmark around which Madurai evolved. However, for the residents of this constituency, which forms the core city, problems are aplenty. The inconvenience endured by the public in the name of developmental projects, traffic congestion, and lack of basic civic infrastructure are some of the major grievances highlighted by the residents. Madurai Central assembly constituency has a set of diverse voters belonging to different communities and economic groups. For instance, the constituency has affluent voters of S.S. Colony as well as the working class voters from areas like Thathaneri and Aruldosspuram. There are also habitations of Scheduled Caste voters from Melavasal, Subramaniapuram and Simmakkal.

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