Demonetisation Impact on Traders - Way Forward

Below are the results of the LocalCircles poll in which many of you helped understand the impact of demonetisation on traders.

44% traders are seeing business declines between 30-90 and overall almost 90% traders are seeing a decline.

Kindly review and help share how through Government efforts cash circulation and consumers spending can be revived. Below are also some external media reports in this widely covered survey.

We look forward to your inputs! more  

View all 63 comments Below 63 comments
Govt Can only bring the Real picture by enforcing and activating more of their Income tax employees in Scrutiny and raids. More aggrssive they will be at this front more of the benefits can be passed on to Common Man. more  
swiping system for all the retailers may be best option. But cyber security is a big issue. there is many chance of cyber crimes in new versions more  
The trader understands and appreciates hard cash as he knows that if the goods are sold and deliver against cheque, and the cheque bounces. Apart from loosing his capital, he would be wasting time and resources visiting courts for years without assurances of getting back his money. So he prefers hard cash on the table before handing over the goods to the buyer. Moreover more dead cash is hoarded with officers and professionals than any trader. more  
Many of these traders do not pay taxes, get cheap or stolen electricity, cheat average customers and make enough money. Whether the actual workers that produce the clothes, food, essential goods will be affected or not and how will their families do, that is something we should think about. One should ask very small traders of vegetables, producers of clothes etc, for them it is a matter of survival. If they have not been affected, don't worry about the rich fellows. They do well in any situation and just complain about everything. more  
fabric etc are not bought online but we can pay by card or cheque. I agree with Parsa vijay to keep drop box at government office for the corrupt name more  
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