Retailers in Maharashtra threaten to strike again

Friday, June 14, 2013: Viren Shah, the President of Federation of Retail Traders Welfare Association was all perturbed by the inaction of the government along with all retail traders across the city. According to a statement issued, the government should fast resolve the LBT (Local Body Tax) issue or else they would be forced to stage agitations. Other important trading associations in Mumbai and Maharashtra have voiced similar statements and will join FRTWA if no action was taken.

The LBT system seeks to replace the former Octroi system and traders fear an increased tax burden apart from harassment from officials.

The new system is already put to function in some cities but Prithviraj Chavan, the chief minister of the state of Maharashtra had earlier said that the government is not taking any hurried steps in implementing it in the state. Traders are fiercely opposing any move.

Mohan Gurnani, the President of Federation of Association of Maharashtra said in a statement here on 12 June that the LBT system will soon be introduced in Mumbai and the chief secretary has refused from any form of subcommittee. This is in stark contrary to the chief minister’s statement earlier.

A previosu meeting with the Chief Minister on 24 May, 2013, traders were given an assurance that a separate committee would be formed to discuss the LBT issue in more detail and look into the problems that traders are having with the new system.

- Advertisement -

The future course of action would however be decided on 19 June as the FAM has called for an executive committee meeting.

- Advertisement -
Loading form…

Industry's Buzz

LOGIC Announces Dedicated Academy to Train Educators

0
LOGIC Academy has so far trained more than 60,000 teachers across 5,000 educational institutions LOGIC has recently announced the launch of LOGIC Academy. This platform...
NVIDIA

Rising Memory Costs Push Nvidia AI Server Prices Higher 

0
Nvidia-based AI servers could become more than 15% costlier as rising HBM and DRAM prices increase the cost of AI infrastructure.  Nvidia-based artificial intelligence servers...
Ather

Hero MotoCorp Subscribes to Rs 960 Crore Ather Energy Warrants 

0
The investment forms part of Hero MotoCorp’s previously announced plan to invest up to Rs 1,000 crore in Ather Energy through a preferential issue.  Hero...
BYD leads global EV race

BYD Leads Global BEV Sales With Tesla No. 2

0
Domestic slowdown in China prompts carmakers to seek growth abroad, whilst European brands feel the heat in their home markets.  The latest electric vehicle industry...
Huawei

Huawei and US PC Maker HP Sign Multi-Year Cross-Licensing Wi-Fi Deal

0
Chinese telecoms firm and American PC manufacturer reach cross-licensing agreement covering next-generation Wi-Fi 7 technology following previous legal disputes.  Chinese telecoms giant Huawei Technologies has...

Learn From Leaders

(L-R) Nikesh Gondchawar, Strategic & Technical Advisor – Robotics Manufacturing; Shrikrushna Kakade, Founder Partner; Nikhil Kakade, Senior Technical Advisor – Robotics & Control Systems, SlightGen Solutions LLP

“A Made-In-India Robotic PCB Soldering System That Automates The Through-Hole Soldering Process!” – Shrikrushna...

0
Electronics manufacturing is complex, and automation often comes at a high cost. To bridge this gap and offer a more affordable solution in India,...
Navdeep Narula, Executive Director, Client and Endpoint Solutions, Ingram Micro, India

“Enterprise Computing Is Shifting From CPU to GPU And Now Toward NPU-Based Systems ”...

0
The shift from CPU to GPU to NPU-based computing is redefining today’s enterprise endpoints. In an exclusive conversation, Navdeep Narula from Ingram Micro discusses...

India’s Robotics Push Opens New Hardware Opportunities

0
How do you build India’s physical AI future when critical robot components still come from overseas? Niqo Robotics reveals where the gaps remain.  India’s push...
Gadhadar Reddy, CEO and Founder, NoPo Nanotechnologies

How A Material Thinner Than Human Hair Could Transform EV Batteries And Electronics –...

0
What if a material 200,000 times thinner than a human hair could transform EV batteries, semiconductors, and advanced electronics? NoPo Nanotechnologies is making that...
Raja Rajeev Kumar, Mentor at IIT Startups, Chairman of the Board of Trustees, LaxmiRamaVarma Holdings International, and Founder and CEO, ChromoSoul Ventures

“Build Strong Startups, and Funding Will Follow”- Raja Rajeev Kumar, IIT Startups, LaxmiRamaVarma Holdings...

0
While AI and software startups attract attention and capital, electronics ventures often struggle for both. Raja Rajeev Kumar from IIT Startups, LaxmiRamaVarma Holdings International...

Startups

(L to R) C2i Semiconductors Founders—Vikram Gakhar, Founder & Director, Mixed Signal; Preetam Tadeparthy, Founder, CTO, VP, Engineering; Ram Anant, Founder & CEO; B.S. Dattatreya, Founder & Director, Power

Bengaluru Startup Targets AI Data Centre Power Delivery

0
C2i is building power systems that can help AI servers use electricity more efficiently and reliably. Two friends, Ram Anant and Preetam Tadeparthy, were working...
Akshar Vastarpara, Founder and CEO, Vicharak

“Our SBCs Are Designed As Complete Edge-Computing Platforms That Combine Everything On A Single...

0
An Indian startup builds affordable edge AI boards for robots, drones, and industry, positioning them as Raspberry Pi alternatives. In an EFY interview with...
(L-R) Sri Kusulu Devalla, Co-Founder and Hetendra Singh Rathore, Founder, Segritech

“We don’t just sort fruit; we match every quality grade with the right buyer.”...

0
An agritech startup has developed an AI-powered machine that sorts and grades fruits directly on farms, helping reduce post-harvest losses by connecting produce with...
Dr Naveen Yanduru, CEO, Axiro Semiconductor Private Limited

“India Can Lead In IP—If It BacksIts Own Builders”

0
Axiro Semiconductor designs RF and satellite chips, ships millions worldwide, and retains its startup mindset while tackling complex technical challenges. In a conversation with...
Dr Sanjay Ahuja, Founder and CEO of Cionlabs, India

“We are solving India-specific challenges rather than offering generic ‘black box’ IoT solutions.”

0
From hybrid mesh networking to AI-enabled edge devices, an Indian IoT startup is developing home-grown solutions to improve connectivity, strengthen privacy and support the...