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....

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coastaldigest.com news network
January 19,2020

Bengaluru, Jan 19: Two college students have been arrested for allegedly spiking their female friend's drink and sexually assaulting her in Bengaluru.

The 19-year-old victim filed a complaint against the two accused, following which they were nabbed. In her complaint, the victim said that the two friends persuaded her to accompany them in a party where one of them allegedly spiked her drink.

Feeling unwell, she wanted to return to her PG, but the two managed to convince her to stay back at their place, where they allegedly sexually assaulted her.

"After some time one of my friends gave me something to drink and I vomited. I felt uneasy and decided to return to my PG. However, he forced me to go to his house stating that I was not in a condition to go to my PG. He convinced me saying that I can go home in the morning. I did not suspect any foul-play as he was a friend," the victim was quoted as saying by the publication.

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News Network
April 16,2020

Bengaluru, Apr 16: The lockdown in the wake ofthe coronavirus pandemic has turned out to be a deeply painful story for the Kannada film industry.

Schedules have gone awry following the stay-at-home curbs and operators in Sandalwood, as the industry is popularly known as, say about 100 films under production are affected.

They include big budget movies- 'Raja Veera Madakari Nayaka', 'Kotigobba 3', 'Robert' and 'Yuvaratna.'

Noted producer Rockline Venkatesh told P T I that the loss to the industry is to the tune of hundreds of crores of rupees.

In addition, it's a challenge for producers to secure the content of their movies from "piracy and leak" during long periods of time before their release, Venkatesh, who is Secretary of Karnataka Cine Artistes' Association, said.

A leading distributor said even after the lockdown is lifted and situation returns to normalcy, it remains a big question if investment in film business will pay off at all.

"People don't have money. We will know the impact when things become normal. Questions many ask if people will return to cinema halls like the way they did before or they prefer to stay away from crowd."

Venkatesh, who had also produced Rajinikanth-starrer 'Lingaa' and co-produced 'Bajrangi Bhaijaan' with Salman Khan in the lead role, said it would take at least one to one-and- half years for the industry to be back on its legs.

"That too if the government does hand-holding but if the industry faces a bad hit in terms of income tax and GST and other taxation, 80-90 per cent of the industry will face closure," he said.

"It does not matter if the government does not help the industry but they should not trouble us with things like IT and GST," Venkatesh, who is also a distributor and artiste, said.

A top director said people's "behaviour" towards movies is crucial for the industry's health in the post lockdown scenario.

"With people likely to shy away from going to malls, cinema theatres because of large gatherings there, it's going to be a long road to recovery for us", an industry insider said.

Striking a philosophical tone, Venkatesh said all that people worry now is to save their life and keep good health, adding, amassing money and wealth is the last thing on their mind.

Producers Soorappa Babu and Umesh Banakar, who is also Vice-President of the Karnataka Film Chamber of Commerce, told P T I that the industry has taken a huge hit.

Banakar said the loss to the industry due to the lockdown is at least Rs 1,000 crore.

"The coronavirus has affected the entire world. We don't know what to do; we just have to wait," Soorappa Babu, producer of Kiccha Sudeep-starrer 'Kotigobba 3', said.

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News Network
April 11,2020

Bengaluru, Apr 11: Karnataka Congress chief D K Shivakumar on Saturda said that he was hopeful that the Karnataka Chief Minister would take stern action against BJP MLA M Jayaram--who was on Friday seen celebrating his birthday with several villagers in Gubbi taluk in Tumkur, in violation of social isolation measures and nationwide lockdown to fight the coronavirus outbreak.

"I am sure that the Chief Minister will take action on all these types of activities. We have already petitioned the DGP. Suo moto case should be registered immediately," the Karnataka Congress Chief told media.

Speaking about the video conference meeting that Congress President Sonia Gandhi held with all Pradesh Congress Committee (PCC) presidents via video conference, he said: "She has given us directions that the party has to play its own role. She said that the party needs to be very active, apart from the government."

With regards to the farmer's struggles due to the national lockdown, the Karnataka Congress Chief said that the farmers are in a 'very grim situation'. "I appeal to all the people of Karnataka that we should go to the fields and discuss with farmers and buy the materials. Let us purchase their fruits and vegetables and distribute them at the village level."

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