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Marriage season hit hard by demonetisation move. How is Rs 10,000 enough, families ask

News Agencies | First published: 14 November 2016, 14:39 IST
demonetisation-PTI
Photo: ANI

With demonetisation leading to a temporary cash crunch, the big fat Indian wedding season has turned into a nightmare for both traders and families.

"Should I first pay the tentwallah or the jeweller? I go through dilemmas like this everyday. Thanks to the government's decision to ban Rs 500 and 1000 notes, I don't have enough cash to pay people.

"Tomorrow, it will be some other person knocking the door for payment. The excitement is out of the door, the wedding festivity has turned into a nightmare," says Rajinder Gupta, whose daughter is getting married on November 24.

Though supporting the government on this move, he says the problem is that it's "ill-planned" and "badly timed".

"How can you expect a person with marriage in his house to go and stand in the queue for hours? That too to get only a paltry sum of Rs 10,000 and less, which ends up serving no purpose whatsoever," he added.

The wedding season is the time of the year when traders do most of their business but lack of liquidity has led to problems.

Ranging from Rs 5,000 to as high as Rs 51,000, different wedding bands have offered their customers a "one month" timeline for the full payment. But people are not even in the position to pay the advance.

 
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