Finance Minister Nirmala Sitharaman presented the budget speech on Friday. The community of the traders and revolutionary with the inclusion of small traders said that the implementation of the budget within a period could potentially push India to be a major economy. The budget is also designed to boost the export business, which can help in getting India a remarkable position across the globe. India can even become a $5 trillion economy. Amongst all the major approaches made by the government, the pension benefit is extended to nearly 3 crore small retailers having a turnover of fewer than 1.5 cores each annual year — the new scheme under which this change was observed in known as Pradhan mantra Karam Yogi Maandhan Scheme.
Statement of National President B.C Bhartia
The pension facilities for traders who are attaining the age of 60 years with the Aadhar Card is a significant step, and this was a demand of Confederation of All India Traders for so long. The flow of money will be considerably increased with the implementation of the budget plans.
Indian traders can also try their hands in the global market. Model Tenancy Law I also designed in a fashion that would boost business across the nation as most of the traders are the tenants who are facing hardships in running their business.