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President Rule leaves capital traders dry

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  6 Feb 2016 12:00 AM GMT


ITAGAR, Feb 5: The traders of Aruchal Pradesh capital have been left high and dry since the imposition of President’s Rule from January 26 last. Despite being the earning season, every day the shopkeepers, particularly in the Capital Complex, have been waiting impatiently for buyers but hardly one or two turn up as per complaints received by Aruchal Chamber of Commerce & Industries (ACCI) from many traders.

Such trend was never experienced in last few decades which would cause huge losses and difficulties for them to pay their workers and monthly house rent, the traders have opined during a meeting today, said ACCI president Techi Lala and general secretary Tarh chung. The tax and excise department has of late turned out to be one of largest revenue earner for the State exchequer. The department alone earned Rs 127.15 crore alone in Zone-I & II (Capital Complex) during 2014-15 reflecting the huge contributions of the trading community. If the traders suffer, the State economy would suffer and the vice versa.

The PR could be for political reason but the trade and commerce sector employing large sections of local people has been facing the brunt. Thus, the sooner the PR, described as temporary measure, lifted the better it is, Lala said.

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