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CAMIT sends budgetary proposal to Nirmala Sitharaman to help bring back economy on track

Dipen Agrawal, President, CAMIT

Dipen Agrawal, President, CAMIT

Chamber of Association of Maharastra Industry and Trade (CAMIT) has sent a budgetary proposal to Finance Minister Nirmala Sitharaman with demands and suggestions to help bring back economy on track, which has been affected by the COVID-19 pandemic.

Dr Dipen Agrawal (President, CAMIT) has said that since the last year and half, every economy has been affected badly due to the COVID-19 pandemic and India is no exception to it. Initially the impact of the lockdown was seen as supply side crisis with contraction in manufacturing but after containment was removed it turned into demand-side shock because incomes had diminished.

Dr Agrawal appreciated government’s efforts to convert the crisis into an opportunity to ensure people consume products made in India and also become part of global supply chain. The Government of India announced 20 Lac crore package; emergency credit line guarantee scheme (ECLGS) and modified the package from time to time to accommodate more and more sectors. But Dr Agrawal said that the expectations from the upcoming Union Budget 2022 are high as the impact of pandemic can be seen even now on everyone’s lives, businesses and countrys economy.

Dr Agrawal opined that the government has to support demand in the short and for that it needs to spent with open hands but judiciously. He said: “We strongly believe that reforms pay off with a lag. India had seen major reforms in 1991, but growth touched 8 per cent after 2000. For growth to return to its 8% plus levels enhancing reforms should continue and it should not be a single event.

To revive the economy, real estate sector deserves serious attention in the upcoming budget. A healthy real-estate sector is need of the hour, because about 250 industries such as cement, steel, brick, timber, building materials etc., are dependent on the real estate sector. Hence in order to have faster and all-inclusive economic recovery CAMIT in its memorandum has suggested government to increase limit of home loan interest deduction for tax rebate to Rs 5 lakh from current ceiling of Rs 2 lakh.

We have also recommended increasing the limit for repayment of housing loan principal to boost the overall home buying sentiment especially in the difficult times of pandemic. Incentive for alternative asset classes such as warehousing, data canters and co-working spaces has been announced but much more is needed to build momentum on both the demand and supply side.”

Dr Agrawal said that for affordable housing, CAMIT has requested Finance Minister to revisit and revise the definition of affordable housing to accommodate recent steep increase in raw material/input prices to increase the value of the apartments to Rs 75 lakhs in non-metro cities and Rs 1.50 crore in metro cities from the current ceiling of Rs 45 lakh.

Alternatively, the size of the apartments should be increased to 90 sq. meters in metros and 120 sq. meters in non-metros from 60 sq. meter and 90 sq. meters respectively. The eligibility of the projects should also be extended under affordable housing to March 31, 2023. CAMIT has also suggested Finance Minister to impress upon state governments to reduce stamp duty for real-estate transaction.

Dr Agrawal added: “After second wave, the hospitality sector was last on the list of government to permit resuming operations. The sector started experiencing recovery since a few months but after onset of third wave, it is the first to take the hit. In order to support the hospitality sector further, CAMIT has suggested that government should offer interest-free loans, subsidies, reduction in tax structure under Goods and Service Tax (GST) rates for hotels; permit corporate bookings for meetings, conferences and exhibitions to come under IGST (this will help the companies to avail GST input credit) and reduce number of licenses required for hospitality industry.

MSMEs and mega industries both are feeling the heat due to increase in raw material cost. CAMIT has requested Finance Minister to do some balancing. These measures will help boost retail sale/consumption, which in turn can offer a huge impetus to trade and economic activities.

CAMIT has also suggested to rationalise non-corporate and personal income tax rates and enhance exemption limits for individuals particularly the health insurance premium in the given situation.”

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Anvi, Arav, Shaunak, Anavti emerge as champions at District Chess Championship in Nagpur




Radhika Dhawad | Nagpur

Chess Association Nagpur had organised Nagpur District Under 9 and Under 17 Open as well as Girls Chess Championship Tournament in association with GH Raisoni Sports and Cultural Foundation and Kalpana Prakash Welfare foundation.

Under the Aegis of Maharashtra Chess Association held on Saturday, May 21 at Shraddha House, the prize distribution function was also held on the same day by Bhushan Shriwas, Secretary, Chess Association Nagpur. Earlier, the tournament was inaugurated by SS Soman (Working President CAN and Member MCA tournament Committee).

Tournament was executed by Chief Arbiter Pravin Thakare who was assisted by Deputy Arbiter Shiva Iyer, Prayas Ambade and Prathamesh Machave.

List of Selected players :

Under-9 Boys

1)  Arav Dhoot

2) Chirag Lahoti

Under-9 Girls

1) Anvi Vinit Hirde

2) Chaudhari Amulyaa

Under-17 Boys

1) Shaunak Badole

2) Dishank Bajaj

Under-17 Girls

1) Avanti Junghare

2) Shraddha Bajaj

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CAMIT delegation meets Devendra Fadnavis, thanks him for support to tenants across Maharashtra




Nation Next Newsroom | Nagpur

CAMIT delegation during its meeting with Leader of Opposition Devendra Fadnavis

CAMIT delegation during the meeting with Leader of Opposition Devendra Fadnavis

A delegation of Chamber of Associations of Maharashtra Industry & Trade (CAMIT) led by Chairman Mohan Gurnani and President Dr Dipen Agrawal recently met Devendra Fandnavis, Leader of Opposition, Maharashtra Legislative Assembly, to express gratitude for firmly standing with galedharak/tenants of municipal corporations across the state.

Expressing gratitude on behalf of tenants from Maharashtra, Dr Agrawal said that in 2019 injustice was inadvertently done to leasee/tenants of respective municipal corporations across the state. CAMIT had strongly protested the draft rules in 2019. Thereafter, CAMIT has been actively engaging with government and administration at all levels to bring relief to the small and marginal traders from the unilateral exorbitant increase in rent.

Over a period of times, CAMIT team met MP Krupal Tumane, Fadnavis, Transport Minister Anil Parab, Environment Minister Aditya Thackeray, Urban Development Minister Eknath Shinde, Nana Padole (the then speaker of Maharashtra State Legislative Assembly) and others to impress upon them to intervene in the matter so as to do justice with all stake holders.

CAMIT’s patient follow-up without missing any opportunity to highlight the issue before men in power, has borne fruits. In the budget session the house concluded to withdraw the notification dated 13/09/2019 and constitute a committee to review and fix the rent afresh. It was also decided that corporations will collect rent as per old rates with an undertaking from tenants that they shall pay the difference as decided by the committee, added Dr Agrawal.

CAMIT delegation requested Fadnavis to ensure that the authorities immediately issue necessary written guidance/directions to all municipal corporations to put in abeyance coercive action against the tenants who have paid or are ready to pay the rent as per old rates. The delegation also requested him to impress upon government to include minimum five representatives of trade associations across the state in the proposed committee to be constituted to study, review and fix the lease rent.

Fadnavis said that opposition is committed to the cause of traders and any injustice meted out to small and marginal traders who are struggling for their survival will be dealt with very strongly. He also welcomed the announcement in the assembly session by Eknath Shinde in regards to withdrawal of 13th September 2019 GR and fixation of rent of corporation shops around 1-2% of the ready reckoner price.

During the meeting, Hemant Parekh, Rikab Mehta, Mitesh Modi, Sandeep Jain and Mahendra Mehta were also prominently present. CAMIT has also sent letter of gratitude to Chief Minister Uddhav Thackeray and Eknath Shinde for their timely intervention and resolution of the issue.

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CAMIT delegation meets Aditya Thackeray in Nagpur, raise problems faced by Maharashtra traders




Nation Next Newsroom | Nagpur

CAMIT delegation during its meet with Maharashtra  Cabinet Minister Aditya Thackeray

CAMIT delegation during its meet with Maharashtra Cabinet Minister Aditya Thackeray

A delegation of Chamber of Associations of Maharashtra Industry & Trade (CAMIT) led by Dr Dipen Agrawal President along with MP Krupal Tumane met Maharashtra Cabinet Minister for Tourism Aditya Thackeray and Environment during his two-day maiden visit to Vidarbha in the presence of Nagpur Guardian Minister Dr Nitin Raut, MLA Ashish Jaiswal and MLC Dushyant Chaturvedi.

At the outset, Agrawal welcomed Aditya Thackeray with a floral bouquet and submitted memorandums highlighting the exorbitant hike in rent by corporations and their coercive action , harassment by local body tax department across the state under the garb of assessment and reopening of coaching classes in offline mode.

Wahab Parekh and Sanjay Nabira from NMC Market Federation said that unilateral steep increase in rent by municipal corporations for their bazar samiti properties is ranging between 100 to 1000 times and in some cases more than 1000 times. On failure of tenant to concede to this unilateral decision, authorities are taking coercive steps. This is adversely affecting the small and marginal traders already facing the heat of frequent lockdowns and restrictions due to covid pandemic.

Ashok Ahuja, past president of General Merchant Association, informed Thackeray that the then State Government had published draft regulations for transferring corporation property by lease or otherwise and renewal of lease. More than thousand objections and suggestions were submitted to UDD-2 from all over the state including from CAMIT with a request to give personal hearing in the matter. The administration without giving opportunity of hearing to anyone, notified the Maharashtra Municipal Corporations (Renewal of Lease or Transfer of Immovable Property) Rules, 2019 under notification dated 13/09/2019.

Dr Dipen Agrawal on behalf of galadharek across the state requested Aditya Thackeray to intervene and suspend the notification dated 13-09-2019 and suggested 1) in cases where only land is leased/licensed by Corporation the annual rent should be fixed at 1% of value as per ready reckoner; 2) in cases where shop/otta is leased/licensed by Corporation the annual rent be fixed at the rate of 2% of value of construction plus 1% of value of proportionate land as per ready reckoner; 3) 10% increase in lease rent/license fee every 3rd year; 4) Agreement should be valid for 30 years term; 5) the lease / license should be transferable and transfer fee to be charged equal to one month rent/fee for transfer within blood relation and equal to three months rent/fee for transfer outside blood relation and 6) the agreed new lease rent/license fee to be made applicable prospectively and not retrospectively.

Rajnikant Bondre President Association of Coaching Institute (ACI) and Sarang Upanglawar ICAD said that schools from class 1st to 12th and colleges have been permitted to reopen in offline mode from February 1, 2022 and at the same time coaching classes/institutes are kept close. The exam dates have been announced by education department. The guidance imparted our institutes in form of revision, doubt clearing and one to one interaction with faculty in this last month is crucial for the future for the students. This last month guidance can be effective only in offline mode. Further they highlighted that national level competitive exams like JEE, NEET, CA, CS etc., are also at doorsteps for which coaching classes is theonly option available for students. Hence, they requested to permit coaching classes to operate in off-line mode with immediate effect in the larger interest of future of our state, the students.

Aditya Thackeray and Dr Nitin Raut informed that the matter is expected to be discussed in next cabinet and suitable decision will be taken shortly. They further added that due relief to coaching classes will be extended.

Sanjay K Agrawal Vice President CAMIT and Ashok Sanghvi, President of General Merchant Association, on behalf of traders of Maharashtra expressed their gratitude towards SenaPramukh Uddhav Thackeray for extending his support to traders during their then agitation against Local Body Tax (LBT) and virtually abolishing LBT with effect from August 2015. Though practically LBT was abolished in 2015 but the ghost of LBT is hounding traders now and then, department in routine are passing ex-party (best judgement) orders raising inflated and fictitious tax demands and using them to justify continuance of LBT Department. Records from LBT Appellate Authority will evidence the correctness of our statement. They also informed that LBT Department in various Corporation indulged in issuing back dated assessment orders for previous financial years. The issue requires your attention, intervention and directions for closure of LBT Department in all Municipal Corporations with immediate effect to ensure ease of doing business in the state.

Aditya Thackeray admitted that he has received a mail from CAMIT on this issue and he is in knowing of the issue. He further said that similar representations have been received from other trade associations. He will discuss the issue with Nitin Raut, Energy Minister and KrupalTumane, Member of Parliament, and ensure that the issue is addressed.

Also present during the meeting were Prajakta Verma, Nagpur Divisional Commissioner, Nagpur collector Vimala R and NMC Commissioner Radhakishan B.

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