Mangaluru goes cashless; common man's struggles continue on 6th day

[email protected] (CD Network | Suresh)
November 14, 2016

Mangaluru, Nov 14: Even six days after the abolishment of Rs 500 and Rs 1,000 notes, the coastal city of Mangaluru has failed to recover from the unexpected shock.

bankque 5

In fact, the demonetization move has affected pretty much every sphere of life — from getting provisions and eating out, to making routine payments such as rent and salaries to domestic help.

While making announcement of demonetization, the government has assured that banks would work on weekends too for exchange of notes. Ironically, on week days too the banks and ATMs are functioning partially thanks to scarcity of notes.

The government on Monday has extended the usage of existing Rs.500 and Rs.1,000 notes for select transactions till 24 November from the earlier deadline of 14 November.

This means that people can now use these notes at government hospitals, government-run cooperative shops, air-ticket counters, milk booths, petrol stations, international airports, to buy tickets at railway stations, to pay for medicines in government and private medical shops, to get cooking gas cylinders, and to pay court fees till 24 November. 

However, thanks to the scarcity of change, the government's relaxation has not improved the situation in the city.

No change in bunks

Petrol bunks are accepting old Rs 500 and Rs 1,000 notes, but you can only fill up for amounts in increments of Rs 500. The reason is that the bunk employees don't have Rs 100 notes to return as change. So if you want to fill fuel for, say, Rs 200, chances are you won't get Rs 300 back.

Market Woes

The future for hundreds of vegetable, fruits and other household merchants, who supply daily needs to entire city is in quandary. "From Sunday onwards I have stopped the purchasing of goods and will resume when everything turns to normalcy," says worried vegetable merchant Peter D'Souza.

Abdul Salam, wholesale fruit merchant at the market shares that they have given goods in credit to regular customers. "Since all are transactions are done in Rs 500 and Rs 1000 currency, we have no other way out. For some we have given credit and asked our suppliers to wait for some days to clear their dues," he maintains.

Other merchants complain that they don't have enough change to tender with customers. "All customers are giving us Rs 2000 note. If they make business of Rs 200 or Rs 300, we have to give them change in Rs 100 notes. How can it be possible when bank themselves don't have Rs 100 notes," adds another lemon merchant.

Comments

ibbu Saheb
 - 
Monday, 14 Nov 2016

ACCHE DIN AAGAYE... AUR BI ACCHE DIN ANE WALE HAI...
SO KEEP YOUR ENERGY FOR MORE AND MORE ACCHE DIN...

Rikaz
 - 
Monday, 14 Nov 2016

Be patient, Mr. Modi said it would take 50 days.....after 50 days they will withdrew 2,000 and re-initiate new 1,000 currency....wait and see....

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 24,2020

Bengaluru, Jun 24:  Karnataka on Wednesday reported 397 new coronavirus positive cases, taking the total number of positive cases to 10,118.

According to the State Health Department, with 14 more deaths today, the state's toll has reached 164. While, 6,151 people have been discharged so far.

Hundred per cent of Community Health Centres, 50 per cent of Primary Health Centres and Urban Primary Health Centres will be converted as exclusive 'fever clinics' to screen fever cases for influenza-like illness (ILI)/severe acute respiratory infections (SARI), Karnataka Health Department said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 27,2020

Bengaluru, May 27: Aimed at giving a boost to affordable housing, the Karnataka government on Tuesday decided to slash the stamp duty on new apartments costing up to ₹35 lakh.

The decision was taken during a meeting chaired by Chief Minister B S Yediyurappa to review the progress of the Stamps & Registration department.

The Chief Minister directed that the stamp duty be cut from the existing five per cent to two per cent on apartments costing less than ₹20 lakh, getting registered for the first time, his office said in a statement.

Further, the stamp duty on apartments costing between ₹21 lakh - ₹35 lakh will be down from five per cent to three per cent, it said. It is estimated that in 2020-21 due to COVID-19 induced lockdown, Stamps and Registration department might fall short of its revenue target by ₹3,524 crore. The revenue target for 2020-21 is ₹12,655 crore.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 5,2020

Chennai, Feb 5: In order to ensure housing for all, the Madras High Court has proposed ban on non-resident Indians from purchasing houses in India, prohibit speculative sale, and impose 100 per cent extra stamp duty on purchase of second house.

The court on its own impleaded the Union housing and finance ministries as party respondents.

It has directed them to answer a series of questions including as to how many families have basic amenity of housing in India as well as in Tamil Nadu, population and housing ratio in the country and in the state, when 'Housing for All' mission of the central government would be achieved.

"Why the government does not consider imposing such restrictions to control escalation of house prices and to provide a house to every family in the country, a division bench of Justice N Kirubakaran and Justice Abdul Quddhose wondered.

Directing the authorities to inform as to whether the central and state have got special schemes to provide housing for the marginalized and economically weaker sections including SC/ST communities, the bench has also sought the details of the number of families that possess more than one house.

"Why the governments do not restrict families/individuals from purchasing/possessing more than one housing unit/flat/plot till "Housing for all" is achieved?

Why not the government charge 100 per cent more or extra stamp duty to discourage buying more than one house by a family while purchasing second house?

Why not the government conditionally allow the families to purchase more than one house provided the said family pays 100 per cent extra statutory dues like property tax, electricity charges, water and sewerage charges on the second property?" the bench said.

This apart, the court also wanted the authorities to know as to why it should not prohibit the NRIs from purchasing houses in India to bring down the cost of housing.

Justifying its directions, the court said "Lakhs and lakhs of people are living on platforms, roads, and cement pipes, slums, under the trees and on banks of water bodies without proper shelter and basic amenities and safety."

It is true that the Centre had taken a policy decision to provide housing unit to every family.

It should be achieved at the earliest, the court said, adding it could become fruitful when restrictions are put on persons who hold more than one housing units.

The court passed the order while hearing an appeal moved by the Tamil Nadu Housing Board challenging a single judge order against acquisition of about 369 acres of private land in Thudiyalur and Vellakinar areas of Coimbatore for a housing scheme.

Comments

Suresh SS
 - 
Wednesday, 5 Feb 2020

We believed that only Indian Govt. ministers, MP and MLAs has this disease, now it is spreading everywhere even Indian High courts. it is certainly very harmful virus  

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.