K T M F Raises Concerns Over Escalating Inflation and Excessive Taxes, Urges Immediate Relief for Working Class and Small Traders

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Srinagar, Oct 03, 2024: The Kashmir Traders And Manufacturers Federation (KTMF) General Secretary (Org)/Publicity Chief Mohammad Altaf Dar, a prominent socio-political activist and senior trade union leader, has expressed grave concern over the ongoing inflation and the imposition of excessive taxes that are placing an enormous strain on the working class and small traders in Jammu and Kashmir. In a statement issued today, Altaf Dar highlighted the alarming rise in the cost of essential goods and services, which, coupled with the heavy tax burden, has left many residents struggling to make ends meet.

 

“The current economic situation is untenable for the common people. The combination of inflation and steep taxes is making life increasingly difficult for hardworking individuals and small traders who are the backbone of our society,” Altaf Dar stated. He emphasized that many citizens are finding it difficult to afford basic necessities such as food, healthcare, and education, further aggravating the economic disparity in the region.

 

Altaf Dar urged the authorities to intervene immediately and take measures to alleviate the financial strain on the public. “It is imperative that the government reviews the current tax structure and finds ways to ease the burden on the most vulnerable sections of our society. We need a fairer and more balanced approach to taxation, one that promotes economic stability and supports the livelihoods of the working class,” he added.

 

The activist also called for open dialogue between the government and representatives of the business community, especially small traders, to ensure that their concerns are addressed in any future economic policies. “A proactive approach is necessary to protect the welfare of our citizens, and I urge the authorities to prioritize this issue before it escalates further,”Altaf Dar concluded.

 

The appeal for relief comes at a crucial time as the region grapples with economic challenges that are affecting both consumers and businesses alike. Altaf Dar’s call for a review of tax policies is expected to resonate with many who are looking for immediate solutions to alleviate their financial distress.


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