: CAIT claims losses worth 27000 Cr due to farmers agitation in NCR #FinanceIndia #StockMarketNEWS CAIT claims losses worth 27000 Cr due to farmers agitation in NCR New Delhi, Jan 1 (KNN) In the

@StockMarketNEWS Fri 01 Jan, 2021

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CAIT claims losses worth 27000 Cr due to farmers agitation in NCR #FinanceIndia #StockMarketNEWS
CAIT claims losses worth 27000 Cr due to farmers agitation in NCR New Delhi, Jan 1 (KNN) In the last more than one month due to the ongoing farmers movement in Delhi and adjoining states Uttar Pradesh, Haryana, Punjab and Rajasthan has caused a business loss of about Rs 27,000 crores-said the Confederation of All India Traders (CAIT) on Friday.

The traders body further said that, however, the combined efforts of CAIT and All India Transport Welfare Association (ATWA), continued the supply of essential commodities uninterruptedly and there will be no shortage of essential commodities.

For maintaining the supplies the truckers carrying material from other states to Delhi are avoiding highways and are taking alternate routes to Delhi though they have to take a longer route to reach Delhi, it added.

CAIT National President BC Bhartia and Secretary General Praveen Khandelwal said that there has been a considerable impact on supplies from Punjab and Haryana to Delhi. Prominent items coming from these states include food articles, machinery goods, spare parts, pipe fittings, sanitary fittings, food grains, electric and water motors, building hardware, other agricultural items etc. have been adversely affected.

They further said that there is slight irregularities of supply of goods to Delhi from other states including Himachal Pradesh, Jammu and Kashmir, Madhya Pradesh, Gujarat, Maharashtra, UP, mainly of FMCG products, consumer durables, food grains, daily consumables, cosmetics, cloth, fruits and vegetables, groceries, dry fruit, electronics, electrical goods, medicines, building materials, iron - steel, wood and plywood, ready-made garments, photographic equipment, surgical goods, oils and other food items, etc. are included. Somewhere the supply of these items has also been adversely affected.

Due to the farmers movement, not only the inflow but outflow of goods has also hampered to an extent. Every day around 5 lakh traders come to Delhi to buy goods from other states which is almost zero at present. From this point of view, the sooner the solution is reached through discussion between the government and farmer leaders, the better it will be, the duo asserted.

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