Ranchi, Oct 5 (PTI) Torrential rain not only dampened the spirit of Durga Puja revelers in Jharkhand but also dealt a blow to the small and medium traders who were hoping to cash in on festive buying, officials of traders' bodies said.

Traders from three major cities – state capital Ranchi, industrial hub Jamshedpur and coal heartland Dhanbad - are afraid that the losses would be in the range of 25 per cent to 60 per cent.

Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) president Aditya Malhotra told PTI that rain threw a spanner in the plans of the traders who were hoping to witness more sales compared to previous years due to the recent GST cuts.

“We had been expecting good business during the festival. Major industrial units announced bonus ahead of the Pujas. GST

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