Note the point: India is truly cashless

One month on after Demonetisation, Express takes a look at a cross section of sectors and people of how the decision which has hampered their livelihood.
Image for representational purpose only.
Image for representational purpose only.

The move may have been intended to make a cash-based society cash-free. But a month after the demonetisation of Rs 500 and Rs 1,000 notes, a cross section of sectors and people that Express spoke to believe the decision has hampered their livelihood to a significant extent, due to sluggish trade and payments

BENGALURU: Located 10 km from the heart of the city at Yeshwanthpur, South India’s biggest regulated agricultural market is wobbling today. Business is down by 60 per cent as daily turnover has sharply dipped from `50 crore to less than `20 crore a month after demonetisation. (Read in detail)

CHENNAI: When K Jayaraman’s customers, mostly small-time vendors, visit his wholesale shop in the Koyambedu market at 3 am, they would have already exchanged all the tens and twenties they had made the previous day to either Rs 500 or Rs 1,000 notes that could be easily carried in their surukku pai (small drawstring pouch) at that odd hour. (Read in detail)

VIJAYAWADA: On Thursday, the State Bank of India branch at Mogalirajapuram here had a moderate crowd of about 60-70 customers. Most of them were there to withdraw cash, obviously. (Read in detail)

HYDERABAD: Every afternoon, Ameerpet’s renowned Kakatiya Deluxe Mess, which serves delicious Andhra meals, turns into nothing short of a fish market. (Read in detail)

KOCHI: Remember being engrossed in a movie only to have the excitement cut short by the intermission? Well, that is how Mollywood, the Malayalam film industry, is feeling post demonetisation. (Read in detail)

BHUBANESWAR: When his elder son left for Surat in June to work as a contract labourer in a company, sexagenarian Surendra Rout, a construction worker at Andirasingh village in Odisha’s Ganjam district was happy that he would supplement the family income. (Read in detail)

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The New Indian Express
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