Demontisation effect: Scarcity of essential commodities feared in Odisha

Describing the farmers' plight, a cultivator from Odisha said there is no ATM near his village

Scarcity of essential commodities is feared in some parts of Odisha. Photo: Reuters
Scarcity of essential commodities is feared in some parts of Odisha. Photo: Reuters
Press Trust of India Berhampur (Odisha)
2 min read Last Updated : Oct 07 2019 | 11:57 AM IST
Scarcity of essential commodities is feared in some parts of Odisha with transportation of goods badly hit by the limit on withdrawal of cash from accounts and ATMs since the Centre's demonetisation move.

President of Ganjam District Truck Owners Association Pramod Kumar Jena said around 70 to 80 percent of trucks could not operate in the district in the post-demonetisation period as the government has fixed the withdrawal limit at Rs 24,000 a week and Rs 2,000 a day from ATMs.

It is also difficult to change a Rs 2,000 note withdrawn from the ATM, he said, adding most truck owners now prefer to stop operating their vehicles as a loaded truck requires Rs 15,000 to Rs 20,000 to transport goods from Visakhapatnam to Berhampur.

The money is spent on fuel charge, driver and cleaner's salaries and other charges, Jena said.

He has also informed the central officer who was here to take the opinions of people on demonetisation.

The Ganjam Chamber of Commerce vice-president V Santosh Kumar has suggested increase in the withdrawal amount.

Pointing out that several ATMs run dry after a few hours, he said that ATMs they should be refilled.

Describing the farmers' plight, a cultivator from Gajapati district said there is no ATM near his village and some villagers walked around 20 km to Paralakhemundi to withdraw cash.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Demonetisation

First Published: Nov 28 2016 | 1:07 PM IST

Next Story