Demonetisation move turning wedding season into a nightmare

0
671
3 of 3Next
Use your ← → (arrow) keys to browse

Indian marriages are known for the extravagant delicacies but caterers too are facing order cancellation.

“Just now somebody called me to say that he won’t be able to pay me the amount and hence he is calling off the order. My employees are daily wagers, I don’t know how I’ll able to pay them with this pace of business,” says Manoj of Royal Caterers.

With Rs 500 and Rs 1000 losing their value, people are not willing to take these notes as getting them exchanged is too troublesome.

“I don’t want to queue up; first to get the money deposited and then to get the notes exchanged. Also, there is a limit to how much we can withdraw,” he adds.

Shops selling wedding wear say they are seeing a decrease in footfall.

“With less money to spend, clothes makes for the last item on the priority list. They’ll rather spend on other things. We are seeing less footfall with each passing day. And I am not making up when I say we are seeing a loss of 80 per cent in our business,” says a shopkeeper from Manyavar.

(Sourced from agencies, feature image courtesy:economictimes.indiatimes.com)  

3 of 3Next
Use your ← → (arrow) keys to browse

LEAVE A REPLY