logo
Delhi meat shops shut during Sawan despite no official order, owners report losses

Delhi meat shops shut during Sawan despite no official order, owners report losses

Indian Express10 hours ago
Written by Sharmistha Shivhare
Several meat shop owners across Delhi-NCR have voluntarily shut their establishments during the Sawan month, despite no formal directive from authorities. While the closures aligned with religious sensitivities around the Kanwar Yatra, vendors said they are incurring significant financial losses.
Mohd Nazir, who runs a shop in Indirapuram, has kept his shutters down since the first day of Sawan. 'There was no circular this year, but I've been closing my shop for four years now. I rely on rent from another property to manage this period,' he said, pointing to the need for alternative income to stay afloat.
Sanu Qureshi, who owns multiple outlets across NCR, said he received administrative communication on July 10 and shut his shops the next day. 'I've been doing this for three years. Every Sawan, I lose around Rs 20,000. I make up for it with side work, but the loss still stings,' he said.
Irshad Qureshi, General Secretary of the Delhi Meat Merchant Association, clarified that licensed shop owners were not forced to close. 'The mayor only appealed to shopowners to shut down out of respect for Kanwariyas. It wasn't an order,' he said.
Earlier this month, the Municipal Corporation of Delhi (MCD) had said that it can't pass an order directing that meat shops along the Kanwar Yatra routes be shut, since no such provision exists under the Delhi Municipal Corporation (DMC) Act, 1957.
'We will make a request to meat shop owners to voluntarily shut their shops in deference to the religious sentiments associated with the Kanwar Yatra,' Mayor Raja Iqbal Singh had told PTI.
The annual Kanwar Yatra will culminate on July 25.
(Sharmistha Shivhare is an intern with The Indian Express)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bengaluru street vendors threaten three-day protest against GST notices on UPI payments
Bengaluru street vendors threaten three-day protest against GST notices on UPI payments

Time of India

time3 minutes ago

  • Time of India

Bengaluru street vendors threaten three-day protest against GST notices on UPI payments

A Bengaluru-based organisation on Monday said small merchants and street vendors will hold a three-day protest from July 23, including a bandh on the last day, demanding the withdrawal of GST notices issued to them for carrying out all their transactions over the past four years via UPI.'The notices have come as a shocker to small businessmen. The small traders will not sell milk and milk-based products on July 23-24 and do their business wearing a black badge,' Karnataka labour council president Ravi Shetty Byndoor, along with other office bearers, told the GST authorities have targeted small shops and vendors selling items such as milk, bakeries, condiments, flowers, and meat. All of them will gather at the Freedom Park in Bengaluru on July 25 and hold a day-long protest, he merchants are not against paying taxes, but the latest notices demanding lakhs of rupees in taxes have come without any awareness drive. Those who come under the tax net are open to register with the GST authorities and pay taxes from the year 2026-27, Byndoor and auto drivers, too, have been collecting fares from customers via UPI, and the GST authorities may also target them in future, said Cab Drivers Association president Sadananda Swamy, while pledging their support to the chief minister D K Shivakumar said the commercial taxes department has issued notices to about 14,000 traders, including those selling tender coconuts, flowers, and vegetables, while blaming the Centre for the action by the GST authorities. The BJP was now shifting the blame to the state leader Rahul Gandhi opposed the GST in the past, the Dy CM said, while adding that the CM would discuss the subject with the GST officials and take a call on the notices issued. The GST notices, Shivakumar said, were hurting small and medium if the notices are meant to meet the stiff revenue targets set by the CM, Shivakumar said the notices had been issued due to pressure from the GST MLA S Suresh Kumar, in a statement, wondered if the commercial taxes department had started reporting to the Centre, as Shivakumar's comments suggest the notices came at the instance of the GST Council. Some of the notices claimed small merchants have an annual turnover of Rs 7.5 crore, and he would be happy to honour them for their business achievement if the government disclosed their leader Nikhil Kumaraswamy said the flood of notices to tiny bakeries indeed showed Karnataka's coffers were traders across Karnataka have displayed huge signboards saying they will not accept UPI anymore and do business only in cash, worried over fears that UPI transactions will invite GST scrutiny and tax demands.

IREDA plans to raise Rs 2,500-3,000 cr through QIP this fiscal
IREDA plans to raise Rs 2,500-3,000 cr through QIP this fiscal

News18

time9 minutes ago

  • News18

IREDA plans to raise Rs 2,500-3,000 cr through QIP this fiscal

Mumbai, Jul 21 (PTI) State-owned IREDA plans to raise Rs 2,500-3,000 crore through qualified institutional placement route this fiscal as it looks to dilute another 3.76 per cent of the government holding in the company following a successful IPO in December 2023, a top company official said Monday. The company also said it had an exposure of Rs 700 crore to the crisis-hit Gensol Engineering and it has already recovered a little over Rs 100 crore by way of various instruments, including encashing their bank guarantees as well as withdrawal of the FD money. Gensol had acted as a financier and lessor of vehicles to the all-electric ride-hailing company Blue Smart. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has already admitted to corporate insolvency proceedings against Gensol Engineering, following a petition by IREDA. In April this year, in an interim order, Sebi barred Gensol Engineering and promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities markets till further orders in a fund diversion and governance lapses case. 'We have already raised Rs 2,005 crore last month through a QIP by way of government diluting 3.24 per cent stake. We are planning to raise another Rs 2,500 -3000 crore in the second tranche within this fiscal," IREDA Chairman and Managing Director Pradip Kumar Das said during an interaction with the reporters here. This will give the company a further borrowing power worth Rs 30,000 crore (this fiscal), as the thumb rule says you can borrow eight times of this money, he said, adding, 'We will try to optimize our equity and our borrowing so that we can optimize lending and overall minimise the borrowing cost." He said that the Government mandated the company's board to dilute up to 7 per cent this fiscal; it still has scope to dilute another 3.76 per cent stake. Das said last year IREDA borrowings were at around Rs 24,000-25,000 crore. IREDA reported a 49 per cent year-on-year growth in operating profit and a 30 per cent rise in total income from operations in the first quarter of the current financial year. IREDA's outstanding loan book surged to Rs 79,941 crore, a 26 per cent increase over the previous year, with significant contributions from solar, wind, and emerging technologies like green hydrogen, smart meters, and EVs, the company said. PTI IAS MR MR view comments First Published: July 21, 2025, 22:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

ADIA signs a definitive agreement to invest $200 million in medical devices firm Meril
ADIA signs a definitive agreement to invest $200 million in medical devices firm Meril

Economic Times

time21 minutes ago

  • Economic Times

ADIA signs a definitive agreement to invest $200 million in medical devices firm Meril

Abu Dhabi Investment Authority (ADIA) has signed a definitive agreement to invest $200 million (about Rs1,725 crore) for a 3% stake in medical devices maker Micro Life Sciences Pvt Ltd (Meril). The investment by a wholly-owned subsidiary of ADIA pegged Meril's enterprise valuation at $6.6 billion, the Vapi, Gujarat-based company said in a statement. Post the investment, Meril will be backed by two major global investors ADIA, and US private equity firm Warburg Pincus. The deal is subject to Competition Commission of India (CCI) approval. 'This investment by ADIA reinforces confidence in Meril's long-term vision and global ambitions,' said Sanjeev Bhatt, senior vice president-strategy at Meril. 'This investment will enable us to accelerate growth, attract world-class talent, and further strengthen clinical research efforts as we work towards improving the quality of human life through advanced healthcare solutions.' Meril was founded in 2006 by the Bilakhia Group after divesting their agrochemical business to Bayer, and the Micro lnks business to Hubergroup—both from Germany. In 2022, the promoters tapped Warburg Pincus to raise Rs 1,575 crore by selling a 14% stake in Meril, and Rohit Kothari's Anchorage Capital for Rs 200 crore by divesting a 2% stake at a valuation of about Rs 11,000 crore. In the three years since, Meril closed fundraisings for another 3% shareholdings while its valuation surged more than fivefold to nearly Rs 60,000 crore. The Bilakhia family currently has more than 81% stake in the company, with Warburg, ADIA, and Kothari being other principal shareholders together holding nearly 19%.Meril is regarded as an innovator in medical technology (MedTech), with a focus on clinically-advanced solutions across multiple specialties such as cardiovascular, structural heart, orthopaedics, endo-surgery, in-vitro diagnostics and surgical robotics. Some of the innovations include transcatheter heart valve series, transcatheter edge-to-edge repair system, and surgical robotic system. The company is growing between 30-35% compounded annually, with FY25 revenue at Rs 4,800 crore and margins of 27-28%. Exports contributed about 55% of expect the company to double revenue within less than three years. Meril employs more than 13,000 employees and has over 35 global subsidiaries. Its Vapi facility spans over 100 acres with over 1 million sq ft manufacturing space.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store