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| Ban on Rs 500, Rs 1000 notes affects construction, ceremonies & business in Kashmir | | | Early Times Report
Srinagar, Nov 9: Ban on Rs 500 and Rs 1000 currency notes from mid-night last has badly affected construction, marriage and other ceremonies besides business as people were taken by surprise in the Kashmir Valley, where life remained crippled due to separatist strike for the 124 consecutive day today. However, in some areas people could manage to withdraw some money from ATMs but everyone was not lucky as ATMs went short of Rs 100 notes.
Ban has badly affected the construction as people, constructing their houses and engaged in other work find it difficult to purchase material, including cement, sand, bricks and timber for making windows and doors. We have to pay labour charges to our workers tomorrow but there is no money as government has banned Rs 500 and Rs 1000 notes, said Ghulam Qadir, constructing his house at Nowgam. I was paying labour charges to workers every Thursday as there is holiday on Friday, but this time I just will have to say sorry to them (workers), he said. Similar views were expressed by others who are busy constructing or repairing their houses in Srinagar, the summer capital, of Jammu and Kashmir.
Panic also gripped in vegetable and fruit mandis where traders refused to accept Rs 500 and Rs 1000 notes and were demanding Rs 100 notes from the retailers and other customers this morning. We do not have permanent customers as anyone who participate in bid will get the fruits and vegetables, said a whole sale fruit dealer Ghulam Nabi Dar adding this means no sale during the next couple of days. We are worried that fruit will get get damaged during this time, he said.
Similar apprehensions were expressed by wholesale fruit dealers. Abdul Gaffar, a carpenter said he was to get weeks wages tomorrow and purchase essentials for the next week. But I will not get money tomorrow from my employer due to ban, he said but added he will continue to work and hopes that things get to normalcy next week. The marriage ceremony of my daughter is taking place tomorrow and I have to make payment to a number of traders, particularly those supplying meat and other articles, said Farooq Ahmad, a resident of Badipora. He said though he has already made all necessary arrangements for the marriage but still they have to make purchases for which there is no money after the ban.
Similar situation was also being faced by others who had to make arrangement for the marriage ceremony of their son or daughter, particularly in the village, where such functions are taking place during winter.
A number of medical shops remained closed while in some areas shopkeepers were not accepting banned notes asking customers to pay in Rs 100 notes.
Since there is strike in the Kashmir Valley for the past 124 days on separatist call, traders remained closed. However, they too have apprehension that customers will be missing today though there is a relaxation in the strike from 1700 hrs till tomorrow 0700 hrs tomorrow. |
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