COVID-19 pandemic: Mobile retailers urge for stimulus package
By MYBRANDBOOK
To win against powerful pandemic and crisis that follow it, mobile retailers have urged Finance Minister Nirmala Sitharaman to provide a powerful stimulus package with new guidelines to help the mobile retailers.
“It will be a complete disaster for shop owners if the government doesn’t come up with a balanced relief package. We fear at least 20% or more retailers will be forced to shut down their businesses,” said Arvinder Khurana, National President of the All India Mobile Retailers Association or AIMRA in a letter written to the FM.
The letter said that lockdown will put a full stop to mobile retailers as they won’t be able to fulfil their basic payments. Also, due to the ongoing lockdown, small businesses will not be able to bear more losses and will start reducing their employees, the letter added.
From a list of relaxations demanded, mobile retailers have requested guidelines be issued that landlords should not collect rentals for the lockdown period. They have also asked the government to pay 50% salaries of employees and the employer can pay 25% while employees should be asked to bear a cut of 25%.
The retailers have also requested that each and every mobile retailer registered under the GST Act to be provided with 10 lakh loan at 5% per annum interest rate without collateral for 2 years.
This plea for help comes a month after the government increased the GST on mobile phones from 12% to 18%. Following the hike, several mobile phone makers including Samsung, Oppo, Realme, Vivo and Xiaomi have increased the prices of their phones, a move that has added to the woes of mobile retailers.
AIMRA has requested the government to consider their plea as retailers are looking for support from the government to ensure their survival and payment of wages to their staff.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
RELIANCE JIO INFOCOMM LTD.
NUMERIC INDIA, A Group Brand Legrand
INFOSYS TECHNOLOGIES PVT. LTD.
EXIDE INDUSTRIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : RISHAD PREMJI
Rishad Premji is Executive Chairman of Wipro Limited, a $11.3 billion ...
Icons Of India : CP Gurnani
Former Managing Director and CEO of the well-known IT service company ...
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
PARTNER SPEAKERS
PSU
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
