The Federation of Retail Traders Welfare Association, led by Viren Shah, yesterday announced withdrawal of indefinite strike going on for last three weeks against proposed imposition of LBT in Mumbai from October 1.
However, the Federation of Associations of Maharashtra (FAM) today said that retailers who opened their shops will rejoin the strike starting Wednesday once 'Akshay Trutiya' celebrations are over.
FAM is a Mumbai-based summit organisation of 750 transport, small-scale and trade associations in Maharashtra.
"Despite a section of the retailers calling off the strike, wholesalers' strike against LBT will continue," FAM president Mohan Gurnani said.
The strike which is in its third week now has resulted in a loss of about Rs 1,00,000 crore, claimed Gurnani.
With traders set to intensify their stir from Wednesday onwards, citizens are once again likely to face difficulties over availability of essential commodities.
The LBT has already been introduced in some of the municipal corporations in the state while it is proposed to be introduced in Mumbai from October 1.
On its part, Maharashtra government has already constituted a 15-member committee to address the issues raised by traders.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
