The Retailers Association of India (RAI) on Thursday urged the Centre to pay the provident fund contribution of both employers and employees in retail sector till September 2021 for all those earning less than Rs 15,000 per month as part of a slew of demands to help the industry cope with the Covid-19 crisis.
Stating that retail businesses are under tremendous financial strain due to the extended closures, RAI said, "Easing the burden will require the support of various bodies driven by the governments."
Putting out a list of demands, RAI sought extension by a year for the renewals of existing permits and licences required for running of malls, shopping centres, retail stores, restaurants and pubs.
While seeking relaxation in compliance requirements of retailers to pay MSME suppliers in 45 days till March 2022, RAI asked the "Govt of India to pay PF contribution of both employer and employee (12 per cent each) till September 2021 for all employees earning less than Rs 15,000 pm (per month)." It also sought 100 per cent relief to landlords and malls in payment of property tax for the year 2021-22, besides a moratorium on repayment of principal and interest on loans for six months.