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CTI urges Rahul to defer Nov 1 rally, warns of ₹10,000 crore trade lossPhoto: Business Standard
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BUSINESSBusiness Standard · 3 hours agoLive

CTI urges Rahul to defer Nov 1 rally, warns of ₹10,000 crore trade loss

Reported by Business Standard, not nibnow. We are not the publisher of this story, only the source is.

WHY IT MATTERS

The CTI warns that the planned rally could disrupt about ₹10,000 crore of business during the peak Diwali shopping period, directly affecting wholesale and retail traders around Ramlila Maidan.

WHAT HAPPENED

The Chamber of Trade and Industry (CTI) has urged Congress leader Rahul Gandhi to postpone the INDIA bloc's November 1 rally at Delhi's Ramlila Maidan until after November 10, warning that it could disrupt business worth Rs 10,000 crore during the peak Diwali shopping season. In a letter to Gandhi, the Leader of the Opposition in Lok Sabha, CTI chairman Brijesh Goyal said the rally could affect wholesale and retail markets around Ramlila Maidan at a time when traders expect heavy customer footfa

KEY CONTEXT

The Chamber of Trade and Industry (CTI) is a business association that represents traders and manufacturers, and large public gatherings in commercial districts can temporarily halt foot traffic and sales, especially during high‑spending seasons like Diwali.

WHAT TO WATCH
  • •Any official response from the government or police regarding crowd management at the event
  • •Reports on actual impact to wholesale and retail sales during the Diwali shopping window
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Read full article at Business Standard