Traders associations from 24 municipal corporations in a meeting of its presidents have decided to launch an indefinite trade bandh across the state, Federation of Associations of Maharashtra (FAM) said today.
"At our meeting against Local Body Tax (LBT) with presidents of traders' associations from 24 municipal corporations, it has been decided to launch an indefinite trade bandh across the state from Wednesday," FAM president Mohan Gurnani told PTI here.
Wholesale and retail traders from from Mumbai, Thane and Nagpur have been on an indefinite strike since last fortnight in protest against imposition of LBT.
Gurnani said that the Bombay Goods Transport Association and Bharat Shah of the Mumbai Diamond Traders Association have also supported the trade bandh.
FAM is also considering a non-cooperation agitation where traders would be asked to pay only five per cent amount of value added tax, Gurnani said.
Meanwhile, the police is reported to have detained 50 traders of the Metal And Steel Merchants' Association (MASMA) today evening.
Coca Cola, the world's largest soft drink maker, today said it won't slow down its USD 5 billion investment plans in India.
The resilient Indian IT industry is building next generation enterprises to leverage the emerging opportunities in cloud computing and mobility space worldwide.
Nissan unveiled a revamped version of its sports utility vehicle- Terrano in Mumbai on Tuesday.
Maruti has launched an upmarket looking Wagon R, called the Stingray (no relevance to Corvette Stingray or any other legendary car with that name plate) in India at Rs 4.09 lakh, ex-Delhi.
Luxury automobile makers Rolls Royce launched their latest offering - the Rolls Royce Wraith - in India on Monday
To summarise the collective commentary on why the rupee is falling, the immediate triggers are the imposition of capital controls and the hike in import duties on 'non-essentials' like gold and flat screen TVs.
Reserve Bank of India (RBI) on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.