Traders Protest Over Hike in Property Tax and Electricity Tariff in TN
Real Estate

Traders Protest Over Hike in Property Tax and Electricity Tariff in TN

Traders and shopkeepers across the district went on strike to protest the increase in property tax, the 18 per cent GST on commercial properties, and the rise in electricity tariffs.

As part of the strike, grocery stores, restaurants, bakeries, textile shops, jewellery stores, cellphone shops, and electrical shops were closed. Approximately 300 shops in the Tirupur cotton market complex and vegetable market also shut down.

Protests took place in various areas, including Tirupur city, Avinashi, Perumanallur, Dharapuram, Palladam, and Uthukuli, where demonstrators called on both the Union and state governments to reverse the hike in property tax, the 18 per cent GST on commercial properties, and the increase in electricity tariffs.

Black flags were displayed in front of shops as part of the protest. Traders stated that the protest was organised to express their opposition to the central and state governments.

The Tirupur Exporters and Manufacturers Association, along with various other organizations and political parties, including the AIADMK, BJP, and Left parties, showed their support for the strike.

K C M Duraisamy, president of the All Traders Association and Small Business Traders Association, mentioned that around one lakh shops were closed across the district from 6 am to 6 pm. He added that about 2,000 knitwear firms also participated in the strike, resulting in a business loss of Rs 1 billion. The protest also caused a tax revenue loss of Rs 250 million for the government.

Traders and shopkeepers across the district went on strike to protest the increase in property tax, the 18 per cent GST on commercial properties, and the rise in electricity tariffs. As part of the strike, grocery stores, restaurants, bakeries, textile shops, jewellery stores, cellphone shops, and electrical shops were closed. Approximately 300 shops in the Tirupur cotton market complex and vegetable market also shut down. Protests took place in various areas, including Tirupur city, Avinashi, Perumanallur, Dharapuram, Palladam, and Uthukuli, where demonstrators called on both the Union and state governments to reverse the hike in property tax, the 18 per cent GST on commercial properties, and the increase in electricity tariffs. Black flags were displayed in front of shops as part of the protest. Traders stated that the protest was organised to express their opposition to the central and state governments. The Tirupur Exporters and Manufacturers Association, along with various other organizations and political parties, including the AIADMK, BJP, and Left parties, showed their support for the strike. K C M Duraisamy, president of the All Traders Association and Small Business Traders Association, mentioned that around one lakh shops were closed across the district from 6 am to 6 pm. He added that about 2,000 knitwear firms also participated in the strike, resulting in a business loss of Rs 1 billion. The protest also caused a tax revenue loss of Rs 250 million for the government.

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000