“Federation of Association of Maharashtra (FAM) members from Mumbai, Navi Mumbai and the rest of Maharashtra have reiterated their protest against the imposition of LBT. As per the recent update retail traders and transporters have also joined the strike from today.
Local Body Tax is introduced after abolishing octroi – a tax paid on goods entering a town or city.
The trading activity is hampered from 1st May, as the local and outside purchase is minimized Finish steel demand (TMT, Structure, Wire rod) is already subdued in central India due to lack of government project, but if the private sector demand also get hindered; price and production will come down further.
Leave a Reply