With the announcement of the withdrawal of two thousand notes, there was a boom in the capital’s affairs, the crowds increased in the markets.
Amar Ujala Office
New Delhi. Traders benefit from Rs 2,000 note withdrawal announcement. On the one hand, where their loans are paid off, on the other hand, purchases have also increased. Due to this, business in Delhi has also boomed. Crowds in the markets have suddenly increased as people reach the shops with 2,000 notes. However, this will definitely reduce online transactions as more and more people believe in a cash only delivery system. Where women do a lot of shopping by taking Rs 2,000 notes from their cupboards, pink notes also come from children’s piggy banks and spend on home delivery of pizza burgers and ice creams. On the other hand, there is brightness in the jewelery market as people book their favorite jewels by paying Rs 2,000 bills.
There is a lot of turmoil in Delhi’s markets following the announcement of the withdrawal of the 2000 note by the Reserve Bank of India. Everyone who has two thousand bills tries to spend them. Anyone who has a 2000 note wants to pay with it, which is why most customers come to the markets to buy 2000 notes. Even at gas stations, most people only try to pay by taking two thousand bills.
The effect is visible in the retail market
The effect of the Reserve Bank’s order is more visible in retail markets. A large number of people reach Karol Bagh, Kamla Nagar, Rajouri Garden, Lajpat Nagar, Connaught Place, South Ex, Sarojini Nagar, Rohini and other markets with 2000 notes. Dealers from the Petroleum Dealers Council say that for the past 3 days, most people at the petrol pump only pay with 2000 bills. Traders also say that many people’s old loans, which were stuck, are also returning now as people want to pay back the loan by taking 2000 notes.
Even the children’s piggy banks break
Merchants Malvika Sahni and Jaswinder Kaur say women search their shelves as most women only come with 2,000 notes. CTI Secretary General Ramesh Ahuja said that many traffickers are also breaking children’s piggy banks in their homes and 2000 notes are also coming out of the piggy banks. Children’s piggy banks are broken so that all banknotes of 2000 can be exchanged before September 30.
After the circular was issued, many 2000 notes appeared on the markets on Saturday, Sunday and Monday. The situation is such that instead of paying digitally, many customers shopped with 2000 notes in hand. Traders will certainly run into trouble because of this, but traders accept 2000 bills.
Brijesh Goyal, Chairman, Chamber of Commerce and Industry
There will be no demonetization
Sanjeev Madan, chairman of Traders Association Lajpat Nagar, says the situation of demonetization will not come. People still pay with credit cards. Yes, it is so important that people definitely come up with Rs 2,000 notes after a few days as the government has given many facilities to the merchants.
Traders must make a photocopy of Aadhaar and PAN card
Pankaj Arora, the national president of All India Jewelers and Gold Smith Federation, has informed the merchants that they can feel free to take 2000 notes from the customers, paying cash in 2000 notes, within 50 thousand to 2 lakhs . with name and address. Must make photocopy of Aadhaar and PAN card. Keep the receipt in the bank for at least 5 years.