Representatives from grocery, jewelry, transport, garment, property, and manufacturers raised the problems faced by them and extended suggestions to meet the challenges of the situation marked by paucity of usable notes and new banking rules.
The gathering extended various suggestions to tackle the situation, including extending the deposit limit from Rs 2.5 lakh to Rs 10 lakh in view of interests of the small traders, said Brijesh Goel, national convener of CTI.
While some suggested extension of income tax exemption limit to Rs 10 lakh and bringing down the maximum tax rate to 25 per cent, he said.
"All the suggestions will be discussed further in 2-3 other meetings of the CTI in coming days and an agenda will be prepared which will be presented to the Centre and Delhi government," he said.
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The gathering also emphasised on the need to safeguard the interests of the small traders and manufacturers.
The CTI office bearers announced a helpline number for the traders who require help from experts including advocates, chartered accountants and consultants.
In a surprise decision, Prime Minister Narendra Modi on Tuesday night had announced withdrawal of 500 and 1,000 rupee notes from circulation in a bid to flush out black money.
Huge rush and long cues were witnessed at banks, which opened today after a day's break, as people jostled to get lower value currency and new banknotes to meet their daily basic needs.