Bhopal traders stare at losses after dumping of red beacons

Bhopal | Friday | 21st April, 2017

Summary:

BHOPAL: The Union government's announcement to disrobe VVIP and VIP vehicles of red beacons has caught the traders unawares and they are staring at huge losses due to the sudden ban. "The government should find a solution to the unsold beacons lying with us," said Sandeep Golani, adding, the Union government's decision caused heavy losses to traders like him. There are around 250 shops in the city engaged in selling red, blue and umber beacons. "It's now the wait and watch situation for traders," he said, adding, the state government might take a decision in this regard. "The cost of a beacon depends on its quality and varies from Rs 500 to 1,200," said Rakesh Sogani, who owns an automobile shop at Hamidia road..