STOCK MARKET BSE NSE

Struggling to buy veggies, Chennaiites left in soup

Published: 10th November 2016 03:04 AM  |   Last Updated: 10th November 2016 03:27 AM   |  A+A-

Capturea

1. Commuters throng Egmore Railway Station with C500 and C1,000 notes

By Express News Service

CHENNAI: The Centre’s overnight fiat demonetising Rs 500 and Rs  1,000 currency notes may help contain black money. But one sure thing was that it poured cold water on all curries and veggies the Chennaiites love. As people stepped into the Koyambedu market, one of the biggest vegetable market complexes in Asia on Wednesday morning, they had to either limit their purchases or turn empty-handed as the shopkeepers refused to accept the denominations.

“I am not aware of the Central government’s announcement on the currency notes. As usual I stepped into the market well before dawn but was surprised to hear the sellers refusing to take Rs 500 and Rs  1000 notes,” rued Murugan, who had come all the way from Porur to purchase vegetables. However, a section of the traders accepted the Rs 500 currencies realising that they would only be losing customers if they don’t. “I have to accept the notes they give, otherwise my business will get affected,” said S Vijayarangan, who runs a vegetable shop. To keep the business moving, even the wholesale traders, who supply to small traders, accepted the Rs 500 and Rs 1,000 denominations. “We haven’t faced much problem with the wholesale traders. They accepted the notes from our sellers,” M Thiagarajan, president, Koyambedu Vegetable, Fruit and Flower Sellers Welfare Association, said.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp