Chemist body boycotts auction of PGI chemist shops

Two shops were to be auctioned on Thursday

Written by Express News Service
Chandigarh | April 27, 2012 01:00 AM IST

1 min read

Auction of two chemist shops at PGIMER by the hospital authorities failed to elicit a response as the Chemist Association decided to boycott the auction owing to stringent terms and conditions.

Two shops were to be auctioned on Thursday. Many chemists did not participate in the process complaining of that extremely high cost of running a chemist shop and that added tax liabilities have hit margins considerably.

This story requires a subscription

Select a plan and use IE10 code to get 10% extra off

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

This story requires a subscription

Please Select A Plan

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

A member of the body said that the annual increase of 10 per cent in rent was a turn-off. Some of the conditions mentioned for the applicants included that licensee shall himself remain present at all times at the shop premises,depositing four months security and 5 months bank guarantee and there is no time limit for PGIMER to refund of security.