Paying full salary for April appears next to impossible, says CAIT

May 10, 2020 written by

The entire country is battling the COVID-19 crisis and among them, the traders are facing tremendous financial crunch. The Confederation of All India Traders (CAIT) has drafted a letter to Commerce and Industry Minister Piyush Goyal seeking his intervention in the payment of full salary for April to their staff which appears next to impossible for the traders.

Praveen Khandelwal, Secretary General, CAIT mentioned in his letter that if such payments are made, the business of the traders will fall like anything and in absence of any inflow of money, such payments will be disastrous for the retail trade of the country and in turn will badly affect the economy.

“It is becoming difficult for traders to pay full salary for the month of April to their employees since they are experiencing tremendous financial crunch and any full payment of salary to the employees for the April month is next to impossible,” added Khandelwal.

According to CAIT, the government should devise a method under which this crucial and critical issue is resolved to the satisfaction of all. CAIT had also penned a letter to Finance Minister Nirmala Sitharaman, urging the government to allow traders to pay salaries as per a mutual agreement between the employer and the employee or allow them to pay 30 per cent of the salary to meet their livelihood needs.

“Under the current scenario, when there is no business and traders are overburdened with several financial obligations, a needy intervention from the government is required to meet the end of justice. Alternatively, the government may contribute 50 per cent of the salary and the traders may contribute 25 per cent,” suggested CAIT.

 

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