Adani Enterp. 2492.15↓-1.20(-0.05%)
Adani Ports 732.05↓-6.80(-0.92%)
Apollo Hospitals 4814.25↑192.30(4.16%)
Asian Paints 3240.70↑47.75(1.50%)
Axis Bank 919.70↑4.85(0.53%)
B P C L 364.55↑1.05(0.29%)
Bajaj Auto 4643.60↑76.45(1.67%)
Bajaj Finance 7040.50↑50.65(0.72%)
Bajaj Finserv 1450.15↓-0.90(-0.06%)
Bharti Airtel 827.95↓-21.95(-2.58%)
Britannia Inds. 4635.25↓-21.80(-0.47%)
Cipla 964.75↑11.70(1.23%)
Coal India 230.35↓-10.90(-4.52%)
Divi's Lab. 3525.40↑81.80(2.38%)
Dr Reddy's Labs 4552.05↑51.00(1.13%)
Eicher Motors 3716.05↑44.10(1.20%)
Grasim Inds 1702.45↓-15.90(-0.93%)
H D F C 2646.70↑6.30(0.24%)
HCL Technologies 1141.90↓-3.20(-0.28%)
HDFC Bank 1604.00↓-6.85(-0.43%)
HDFC Life Insur. 582.20↓-10.15(-1.71%)
Hero Motocorp 2800.40↑40.50(1.47%)
Hind. Unilever 2697.90↑30.35(1.14%)
Hindalco Inds. 406.35↑0.45(0.11%)
ICICI Bank 936.10↓-13.05(-1.37%)
IndusInd Bank 1290.15↑3.55(0.28%)
Infosys 1319.50↑1.20(0.09%)
ITC 439.70↓-5.80(-1.30%)
JSW Steel 693.85↓-2.45(-0.35%)
Kotak Mah. Bank 1930.05↓-84.30(-4.18%)
Larsen & Toubro 2207.80↑2.15(0.10%)
M & M 1318.90↓-0.10(-0.01%)
Maruti Suzuki 9328.30↓-39.40(-0.42%)
Nestle India 21874.30↑201.20(0.93%)
NTPC 174.40↑0.55(0.32%)
O N G C 153.65↓-1.25(-0.81%)
Power Grid Corpn 233.00↓-0.85(-0.36%)
Reliance Industr 2463.25↓-6.65(-0.27%)
SBI Life Insuran 1207.75↓-27.25(-2.21%)
St Bk of India 582.75↑2.90(0.50%)
Sun Pharma.Inds. 987.70↑12.35(1.27%)
Tata Consumer 793.65↓-5.00(-0.63%)
Tata Motors 535.20↑8.90(1.69%)
Tata Steel 105.95↑0.15(0.14%)
TCS 3324.00↑34.50(1.05%)
Tech Mahindra 1120.80↑5.25(0.47%)
Titan Company 2827.25↑4.00(0.14%)
UltraTech Cem. 7842.80↓-27.25(-0.35%)
UPL 677.95↓-7.15(-1.04%)
Wipro 407.15↑3.50(0.87%)

Rs 2,000 note withdrawal might disturb business, but not much: Traders

"In central India mandis, an average trader does a business of Rs 10-15 lakh a day during peak season, much of which is still in cash

Premium

In 2016, when Rs 500 and Rs 1,000 notes were demonetised, agriculture trade was badly hit, as most of the businesses in the mandis were in hard cash

2 min read Last Updated : May 19 2023 | 9:12 PM IST

Listen to This Article

Commodity and agriculture traders, who continue to deal in cash — particularly when post-harvest trading season is on — feel that the sudden decision to withdraw Rs 2,000 note as legal tender might disturb their business, though, unlike the last time, the window of four months is big enough to return the notes.

Usually, in mandis, though the government has allowed cash payment of up to Rs 200,000 to farmers in most cases, the volume of transactions during peak season is much more.

“In central India mandis, an average trader does a business of Rs 10-15 lakh a day during peak season, much of which is still in cash.