Supporting the call of the All India Beopar Mandal, Punjab Pradesh Beopar Mandal has asked all trading and industrial associations to observe a complete bandh on November 14 in protest of the sudden demonitisation of old currencies by the Centre. The industrial associations are upset with the daily hassels they are facing in withdrawing and depositing money.
“We have to stand in a queue for hours to withdraw Rs 2,000 from ATMs or get old currencies exchanged. Our business has come to a stand still. We feel that the government has uprooted 70-year-old business in one go,” said Radhey Shyam, president of Ludhiana Beopar Mandal Association.
Claiming that all income tax and sale tax officials were conducting surveys to harass them in this hour of crisis, Shyam, added, “PM Narendra Modi thought to curb the menace of black money in one go, but it takes time for everything. We are not able to do any sale or purchase and are more or less sitting idle.” Shyam who is a yarn dealer further suggested “most of us knew that Rs 2,000 denomination notes are going to be launched, so ideally speaking, the Centre should have circulated the new notes in the market a week ago before demonitising the old currencies.”
Supporting Shyam, another member of Beopar Mandal Mohinder Aggarwal, said, “Yarn dealers, hosiery associations, wholesale ration dealers, timber market etc all will be supporting November 14’s bandh. We have a feeling that we will be making huge losses owing to to demonitisation.”
Joining the chorus, general secretary of the Beopar Mandal, Vinod Bharti, said, “Majority of middle class and daily wagers are in queues to get their money exchanged or to withdraw. But our government is far from the reality. What would I do with the Rs 2,000 note. For now, I cannot purchase anything from the market because there is a scarcity of change.”
Association demands that anyone having PAN card and VAT number should be allowed to get Rs 50,000 through cheque. Money exchange limit should be extended to Rs 10,000 .