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

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement