CAIT hails PM Modi’s decision

New Delhi: The Confederation of All India Traders (CAIT) on Monday greeted Prime Minister Narendra Modi for fulfilling his promise to provide pension to traders after attaining the age of 60 years. In a press statement, CAIT suggested to give immediate effect to the scheme from next financial year the traders from the age of 41 years to 60 years should also be considered for a pension which may be linked with the GST returns filed by them. 

In a press statement released by CAIT, National Secretary General, Praveen Khandelwal hailed the decision as a milestone and said that it will ensure traders a life of dignity and financial security, especially during their old age. However, he suggested that a large number of traders are not required to be registered under GST and as such they will also be deprived of the scheme. Hence, they should also be included in the scheme which may be linked with their annual turnover. In this way, the scheme will cover traders comprehensively.

CAIT in the press statement said that they will soon urge the Prime Minister to consider the above suggestion so that the maximum benefit of the scheme should be given to all traders, self-employed persons and others.