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LATEST NEWS UPDATES | Things are getting worse: Vegetable vendors counting losses -Manas Mitul

Things are getting worse: Vegetable vendors counting losses -Manas Mitul

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published Published on Dec 20, 2016   modified Modified on Dec 20, 2016
-The Indian Express

Say digital wallets have helped but can’t replace cash.

- Shakuntala Vani (51) from Kandivli may not possibly have any black money. She sells vegetables for a living. Having managed somehow since the government demonetised currency notes of Rs 500 and Rs 1000 denominations on November 8, says Shakuntala, her family is now on the brink of starvation.

– Chote Lal (55) from Thakur village never used digital wallets in the 20 years he spent selling vegetables on the street. He does not know how Paytm works. He believes digital payment is for the young, and says he is “too old to learn”.

– Mintu Mandal (45), another vegetable seller, has been posting losses of Rs 3,000 to Rs 4,000 every day since the big notes were. It is a big chunk of his daily business.

Mumbai: Forty days have passed since Rs 500 and Rs 1000 notes were declared illegal tender, but vegetable vendors and traders who operate out of the streets of Mumbai still stare at a bleak future. Their small businesses have taken a severe blow, their earnings cut to half of what used to be. They do not see the situation improving for them very soon.

“They keep saying things will improve, but things are getting worse day by day. I’m losing business worth Rs 3,000 every day. That is a very big margin for a small seller like me,” says Mintu Mandal, who has been selling vegetables in Kandivli East for some years now. He even opted for Paytm after the government’s move, but says not many traders who supply the vegetables to the vendors use digital wallets. “The one or two traders who do use Paytm accept it only for high value transactions of Rs 10,000 or Rs 20,000. For smaller transactions, we have to give cash, and there is not enough of it,” he says. “All of us with small businesses have been suffering. The rich do not suffer. They do not have any problems.”

Raj Kumar, 23, who has been selling vegetables since 2008, says his business is down by 50 per cent. “I started using Paytm, it has helped, but not many customers agree to digital transaction. They prefer cash. They give a Rs 2,000 note and expect change for it. How do I give them Rs 1,800 in cash if they buy vegetables worth Rs 200. Paytm can’t replace cash,” he says.

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The Indian Express, 19 December, 2016, http://indianexpress.com/article/cities/mumbai/things-are-getting-worse-demonetisation-digital-e-cash-vegetable-vendors-counting-losses-4434446/


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