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Time of India
25-05-2025
- Business
- Time of India
Irani donates pension to defence fund, urges citizens to contribute
Nagpur: Calling for citizen contributions to the National Defence Fund, former Union Minister Smriti Irani revealed that she has donated her entire pension to the National Defence Fund which supports the Indian Army and paramilitary forces. "Before asking citizens for contributions, I chose to lead by example," she said, urging the public to come forward and support the fund. Irani also announced that under the leadership of CAIT National President BC Bhartia, the organisation, has pledged Rs 1 crore towards the fund. Irani, who currently serves as the Strategic Advisor to the Confederation of All India Traders (CAIT), was addressing a gathering of traders and women entrepreneurs at an event organised by Team CAIT Nagpur at the Vidarbha Hindi Sahitya Sammelan, Mor Bhavan. Emphasising the vital role of women in national growth, she said, "Through self-help groups and small-scale enterprises, women across India have created an annual turnover of $37 billion (around Rs.3 lakh crore). The Central government has till now approved funds of Rs. 8 lakh crore for such businesses." This, she noted, has significantly strengthened both rural and urban economies. "We must not be satisfied with being the world's fourth-largest economy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How to build a digital commerce platform on Google Cloud - Google Cloud: Future of Infrastructure CIO | Google Cloud, AMD Undo We must aim to be number one — and women will be the driving force behind that achievement," Irani asserted, highlighting the importance of inclusive economic development. She added that the success of small women-led businesses reflects the strength and resilience of India's grassroots economy. "We owe it to our society and families to ensure our economy is strong, our homes are lit, and our people are self-reliant," she said. CAIT President BC Bhartia also stressed the need for conscious consumer choices. "Women must take the lead in buying from indigenous manufacturers instead of falling for the 'cheap' trap of foreign companies," he said. He praised government policies aimed at empowering women economically, socially, and educationally. The event witnessed participation from several dignitaries, including Raju Jain, Deepa Pachauri, Roop Nandi, Dhananjay Bhide, CAIT patron Kishore Dharashivkar, chairman Gopal Aggarwal, Bhagyashree Bakne, Kishore Chhabra, Asha Pandey, Premlata Tiwari, Mahesh Kukdareja, Madhusudan Trivedi, Jyoti Awasthi, and Hemlata Dhuria.
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First Post
16-05-2025
- Business
- First Post
From apples to marbles & jewellery, Indian traders call for full boycott of Turkey, Azerbaijan over pro-Pakistan stance
In a decisive move reflecting growing national sentiment, Indian traders announced on Friday a complete boycott of Türkiye and Azerbaijan, citing the two countries' support for Pakistan during the recent military conflict with India. read more The growing social media movement to ' Boycott Turkey ' is having a tangible impact on Indian businesses with a surge in travel cancellations and backlash against Turkish imports such as apples, jewellery and marble. The campaign stems from Ankara's vocal support for Pakistan and its criticism of India's recent cross-border military strikes under 'Operation Sindoor'. Tensions escalated after it emerged that Pakistan had deployed Turkish drones extensively during its military confrontation with India. In a strong response, over 125 leading Indian trade representatives have pledged to sever all commercial ties with Turkey and Azerbaijan including suspending travel and tourism activities. STORY CONTINUES BELOW THIS AD The trade also appealed Indian film industry not to undertake shooting of any film in Turkey & Azerbaijan and if any shooting is done, the business community and the people will boycott such a film. The resolution also warns corporate houses not to shoot any product promotion film in Turkey & Azerbaijan. The decision was taken at a National Conference of Trade Leaders convened by the *Confederation of All India Traders (CAIT) in New Delhi, where representatives from 24 states participated. CAIT Secretary General and Member of Parliament Praveen Khandelwal said 'It is deeply unfortunate that Turkey and Azerbaijan, who have benefited from India's goodwill, aid and strategic support in times of distress, have now chosen to side with Pakistan — a country known globally for its support to terrorism. Their position not only hurts India's sovereignty and national interest but also directly insults the sentiments of 140 crore Indians.' The conference noted that Turkey's repeated anti-India rhetoric at international platforms and its continued support for Pakistan's narrative are unacceptable, whereas Azerbaijan's alignment with Turkey and public endorsements of Pakistan's stand reflect a disturbing disregard for India's long-standing friendship and assistance. CAIT National President B C Bhartia said the traders' community expressed strong resentment and disappointment against both countries, calling their actions 'ungrateful and hostile.' *It was unanimously agreed that such nations do not deserve any economic cooperation or trade advantage from India. The trade leaders acclaimed the decision of the Government for revoking security clearance for Celebi Ground Handling India Private Limited ', a Turkish company, in the interest of national security, which is handling services at nine major airports of India. STORY CONTINUES BELOW THIS AD Among the key decisions taken at the meeting was a move to cease all trade with Turkey and Azerbaijan. Traders across India will stop importing goods from these two countries and halt the export of Indian products to them. Indian exporters, importers\ and business delegations will also be discouraged from pursuing any new trade agreements or establishing business ties with Turkish and Azerbaijani entities. Travel agencies and event planners will be urged not to promote either country as a destination for tourism or business. In addition, a memorandum will be submitted to the Ministry of Commerce and Industry and the Ministry of External Affairs, calling for a policy-level review of all existing commercial relations with Turkey and Azerbaijan. On Indian traders and businessmen boycotting Turkish apples after Turkey supports Pakistan amid tensions, Delhi Chief Minister Rekha Gupta said, 'This is good. If any country gets involved in any way against India, the people of India will boycott it in every possible way. I truly commend all these traders; this is their real patriotism. India stands united.' STORY CONTINUES BELOW THIS AD VIDEO | On Indian traders and businessmen boycotting Turkish apples after Turkey's support for Pakistan amid tensions, Delhi Chief Minister Rekha Gupta (@gupta_rekha) says, "This is good. If any country gets involved in any way against India, the people of India will boycott it… — Press Trust of India (@PTI_News) May 16, 2025 Meanwhile, jewellers in Lucknow have decided to boycott the purchase, sale, and display of Turkish-design jewellery and other jewellery items imported from Turkiye. From topping the sales chart on Akshay Tritiya to eventually facing a complete boycott from jewellers, Turkish jewellery items will now have no more takers, jewellers believe. STORY CONTINUES BELOW THIS AD 'On the Akshay Tritiya, which was celebrated recently, the maximum demand was for Turkish jewellery. Now, after Turkey's active support to Pakistan during Operation Sindoor, we have decided not to import any more Turkish jewellery items. A decision in this regard was taken on Wednesday,' Aadish Jain, vice-president of Chowk Sarafa Association, Lucknow told PTI. Turkish apples are off the shelves in Alwar's fruit markets as traders in Rajasthan joined the chorus to boycott products from Turkey after it backed Pakistan during India's military strikes on terror camps in the neighbouring country. Earlier, marble traders in Ajmer had refused to import stones from Turkey. The Fruit Mandi Union in Alwar has declared a complete halt on the sale of apples imported from Turkey. Traders said the decision reflects public sentiment and is aimed at hurting Turkey's economic interests. 'More than 15 tonnes of Turkish apples arrive in Rajasthan every day between March and June,' said Saurabh Kalra, General Secretary of the Fruit Mandi Union. STORY CONTINUES BELOW THIS AD He said 'Due to Turkey's stand against India, we've decided to stop selling them. This is not just a market decision, it's a message. 'Posters calling for a 'Boycott of Turkish apples' will be put up in shops starting Friday. An awareness drive will also be launched to ensure no Turkish apples are sold in the market. 'If any trader is found selling them, it will be treated as an act against national interest,' Kalra added. Pakistan also used Turkish drones on a large scale during the conflict. While India's trade ties with both countries have already come under scrutiny, multiple educational institutions, including Jawaharlal Nehru University (JNU), have either suspended their collaboration with Turkish universities or are considering it. With inputs from agencies
India Today
16-05-2025
- Business
- India Today
Indian traders' body boycotts Turkey and Azerbaijan over support for Pakistan
India's trading community has decided to completely cut business ties with Turkey and Azerbaijan. This decision was taken at a national trade conference in Delhi on Friday, May 16, organised by the Confederation of All India Traders (CAIT). Over 125 top trade leaders from across the country attended the event and agreed to boycott all business dealings with the two move comes after both Turkey and Azerbaijan openly showed support for Pakistan, at a time when India is facing sensitive national security challenges. Traders believe this is a betrayal, especially considering India's past support of these countries during their difficult General Secretary and BJP MP Praveen Khandelwal criticised Turkey and Azerbaijan, saying they have received goodwill and help from India, yet have chosen to side with a nation like Pakistan, which is known globally for backing terrorism. The traders also urged the Indian film industry not to shoot movies in Turkey or Azerbaijan and warned that any films shot in these countries will be boycotted by both traders and the public. The same goes for any product promotions done by Indian companies in those regions. The message was clear: no support for nations that do not respect President BC Bhartia added that both the above-mentioned countries have shown ungrateful behaviour and do not deserve any trade or economic cooperation from India. The decision to boycott is not just symbolic—it will affect imports, exports, tourism, and business travel connected to these welcomed the government's recent move to cancel the security clearance of Celebi Ground Handling, a Turkish company that was working at several major Indian airports. They called this a step in the right direction for protecting national make the boycott successful, CAIT announced a nationwide awareness drive. The campaign will involve traders, consumers, and travel companies, encouraging them to stop buying products from Turkey and Azerbaijan and to avoid visiting these Watch
Time of India
13-05-2025
- Business
- Time of India
CAIT calls for ban on sale of Pakistani flags, merchandise on Amazon, Flipkart
The Conference of All India Traders ( CAIT ) on Tuesday wrote to commerce minister Piyush Goyal calling for a ban on the sale of Pakistani flags, logos, and all related merchandise on ecommerce platforms in the wake of the ongoing geopolitical tensions between the two nations. 'It has come to light that Pakistani flags, logo-bearing mugs, and T-shirts are being openly sold on major e-commerce platforms such as Amazon and Flipkart. This disturbing situation unfolds even as our valiant armed forces are actively engaged in Operation Sindoor - a mission of critical national importance against Pakistan,' BC Bhartia, national president of CAIT, wrote in the letter to Goyal. The letter names major ecommerce companies Amazon and Flipkart, where Pakistani flags and related merchandise are being sold. Besides calling for an 'immediate ban' on such items, Bhartia has also sought a thorough investigation into how these products were listed on the ecommerce websites and permitted for sale, as well as implementation of strict compliance mechanisms. 'Issuance of clear directives to all ecommerce platforms to prohibit sale of any products that may compromise national security or insult public sentiment,' the letter added. Live Events
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Business Standard
29-04-2025
- Business
- Business Standard
Akshaya Tritiya biz may touch Rs 16K cr, market to see mixed trend: CAIT
The domestic jewellery market is likely to witness a "mixed trend" in gold and silver buying on the auspicious day of Akshaya Tritiya amid sharp rise in prices of precious metal, Confederation of All India Traders (CAIT) said on Tuesday. All India Jewellers and Goldsmith Federation President Pankaj Arora has projected a business of Rs 16,000 crore on Akshaya Tritiya, a Hindu festival celebrated on April 30. "This year, jewellery markets across the country are witnessing mixed trends ahead of Akshaya Tritiya, mainly due to the sharp rise in gold prices in recent weeks," CAIT said in a statement. Currently, gold prices have touched Rs 1 lakh per 10 grams, compared to Rs 73,500 on the day of Akshaya Tritiya last year. Similarly, silver prices have touched Rs 1,00,000 per kilogram, up from Rs 86,000 per kilogram in 2023. All India Jewellers and Goldsmith Federation President Pankaj Arora said, "Typically, Akshaya Tritiya sees a surge in purchases, but this year, elevated prices have affected consumer demand." On this year's Akshaya Tritiya, sales are expected to reach around 12 tonnes of gold worth nearly Rs 12,000 crore and about 400 tonnes of silver worth Rs 4,000 crore, making a total estimated business of Rs 16,000 crore, he said. A slight slowdown in customer buying sentiment is expected due to the high prices of gold and silver, he added. Global economic uncertainty, rising crude oil prices, weakening of the Indian rupee against the dollar, and increased investor interest in gold as a safe-haven asset have driven up the prices of gold and silver. Additionally, geopolitical tensions and fluctuations in interest rates have also contributed to the price surge. CAIT's National President, B C Bhartia said the ongoing wedding season in India has prevented a complete drop in jewellery demand. Jewellers have also introduced attractive offers to draw in customers. Trade leaders have urged customers to purchase only BIS hallmarked and certified jewellery and to always insist on a proper bill. They also advised buyers to transact only with trusted jewellers to ensure pricing transparency. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
