Friday 26 May 2017

Reader’s Response: Cash transaction limit lowered

                                                                Trade will get organised

Demonetisation and measures such as limit on cash usage would lead to lower participation of cash-driven customers shrinking the overall pool of buyers. It will further delay the recovery of sales in the jewellery sector. But in the long run, these measures would help the industry in enhancing transparency and thereby
getting more organised.

Ketan Patadia
Director, Vajra Jewels

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