STOCK MARKET BSE NSE

Traders plan to seek a waiver on Onam bonus

A section of the traders in the state are gearing up to approach the state government seeking a waiver on the mandatory Onam bonus for their staff owing to financial constraints.

Published: 19th August 2020 04:46 AM  |   Last Updated: 19th August 2020 04:46 AM   |  A+A-

A farmer at Punchakkari near Vellayani, Thiruvananthapuram spraying pesticides on the newly sown spinach leaves meant to be sold at Onam vegetable markets ,Vincent Pulickal

Express News Service

THIRUVANANTHAPURAM: A section of the traders in the state are gearing up to approach the state government seeking a waiver on the mandatory Onam bonus for their staff owing to financial constraints. Because of the pandemic outbreak, many trade establishments in the containment and critical containment zones are facing a severe financial crisis. Many of them have been paying their staff during the lockdown, but might find it difficult to afford the bonus.  

As per labour rules, every trade establishment with more than 10 staff members should give an Onam bonus. There are over 10.25 lakh licensed trade establishments in the state. According to KVVES district general secretary S S Manoj, the capital city is struggling. “The traders here have been out of business for literally over 150 days. Chalai market, one of the major markets in the district, could operate only for 28 days post the pandemic outbreak.

The traders here are in deep crisis,” he said.  According to traders, this Onam they don’t expect revenue to peak. “Business has been dry so far, and now that is slowly changing. Even then, footfall is less than 50 per cent of what it used to be. In Thiruvananthapuram, a large section of the consumers are government employees and the salary cut they have been facing is affecting their spending patterns,” Manoj added.  

VKC Mohammad Koya, state vice-president of Kerala State Vyapari Vyavasayi Ekopana Samithi also agreed that buying behaviour has changed. “People don’t have the money or a job to buy things. This is the only time of the year when the Keralites buy non-essential goods. People are compromising on those this year due to financial crisis,” said Koya.


TAGS
Onam

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp