Ltd. M/s Mahalasa Enterprises Pvt Ltd, According to a report on The Indian Express, Like Anil sir used to tell me about plans, “Sitting with my wife and the future chinaman bowler for India & KKR on the way to Mumbai. The focus is also on sanitation and solid waste management in the Smart Cities Mission (SCM). Delhi’s unique power-sharing arrangement puts a significant part of the onus to resolve the issue on the Union government.
000 and Rs 500 notes, pulling out of circulation 86 percent of India’s bank notes by value or Rs 148 lakh crore ($217 billion) “We saw (Prime Minister) Modiji deliver the news on TV that night” said Kumbhar “We weren’t too worried as we hardly have any cash in hand—most of what we earn goes in daily expenses—but our business has taken a hit ever since” Today ‘Shree Swami Samarth’ earns Rs 200 to 300 a week–a 62% drop “We can’t even pay our electricity bill now” said Kumbhar shouting over the din of vehicles barrelling past “Cars don’t stop to buy anymore” There are about 12 million to 14 million kirana shops—family-run corner-shops/mom-and-pop or convenience stores selling groceries and other products—across India (according to this 2015 report by PricewaterhouseCoopers a consultancy with India Retail Forum) and they are vulnerable to losses from ‘notebandi’—as demonetisation is called colloquially A population roughly speaking equivalent to that of France or Thailand depends on these stores for a living Prime Minister Narendra Modi in an address to the nation six days after the original notebandi announcement requested 50 days (up to 30 December 2016) to restore normalcy On days 54 and 55 IndiaSpend visited 24 mom-and-pop shops in Mumbai and semi-urban peri-urban and rural areas north to it to assess notebandi‘s impact on small retail stores We found that across Palghar Thane and Mumbai districts of the Mumbai metropolitan region: Kirana stores in Mumbai’s metropolitan region are national bellwethers The retail trade has been one of India’s economic and employment bright spots and Mumbai is its hub The Mumbai metropolitan region is home to 183 million people the world’s sixth largest urban agglomeration according to this 2016 Demographia World Urban Areas report These 183 million make up no more than 15 percent of India’s 12 billion people but they account for almost a third (29%) of India’s retail spending followed by the National Capital Region (25%) and Bengaluru (15%) according to this 2015 report by international property consultants Knight Frank with the Retailers Association of India India’s retail market is presently over $600 billion Expanding at a compound annual growth rate of 58% it is regarded as the “world’s fastest growing major developing retail market” ranking 15 on the Global Retail Development Index in this 2015 AT Kearney an international management consultancy report The retail sector employs 8% or 35 million Indians and is the country’s third largest source of employment after agriculture and construction with deep penetration into rural India said this 2013 Planning Commission report It contributes to about 15 percent of the gross domestic product and unorganised kirana stores comprise 94 percent of the industry Food and groceries occupy more than half the sector according to this 2014 Deloitte study Source: Planning Commission 2013 The Mumbai metropolitan region also has the highest potential for modern retail in India with its reach predicted to increase to 50 percent (presently 135%) of the population by 2036 particularly for daily-needs supermarkets Knight Frank said What we found: slow recovery in urban areas little change in rural In conversations with kirana store owners in Maharashtra’s Konkan division IndiaSpend found nearly 80% of all respondents reporting a loss of between 50% and 60% or greater All stores across Mumbai Thane and Palghar districts reported losses of at least 10% since notebandi ‘Business is now slowly recovering’ was the conclusion of 60% of respondents in Mumbai district and its peripheral areas of Ghodbunder and Mira-Bhayander of Thane district As many as 75 percent of respondents in the semi-urban and peri-urban areas between Virar and Vasai in Palghar district said there was no significant improvement Do You Think The Situation Has Improved Kirana shops we visited in the rural areas of Thane and Palghar districts said business had fallen after notebandi and has been sluggish ever since “Nobody has money anymore” said trader Santosh Jadhav who manages grocery supplies to 203 stores spread over a 45 km route between Wada and Vikramgad north-east of Mumbai “The entire chain is broken down” His client 42-year-old Yogesh Prajapati who owns a 150-sq-ft kirana store off the Bhiwandi-Wada Road said “Earlier I would have one customer every hour at least; now days go by without a sale” The sole breadwinner of a family of five Prajapati said he could no longer pay his children’s school fees or the shop’s rent since November “I will only be able to pay the dues later this month once the factories around my shop buy groceries in bulk and pay in cheque” he said “Luckily the school and my landlord have been understanding” Store-owners across the board identified tendering change to customers for the new Rs 2000 notes as their primary hurdle post-notebandi “I’m forced to buy more goods from suppliers as they refuse to return change but how do I treat my customers the same way when they are daily wage labourers” said 30-year-old Lalita Patil whose family owns a two-year-old corner shop in near an adivasi (tribal) settlement in Vaghavali village near Kawad Bhiwandi district Lalita Patil30 owns this 2yr-old shop attached to her home in Vishipatta village near Kawad an adivasi settlement pictwittercom/dlmAXA6fFF — Alison (@bexsaldanha) January 3 2017 "I’m forced to buy more goods as suppliers refuse to return change Can’t treat my customers the same as they’re daily wage labourers" — Alison (@bexsaldanha) January 3 2017 We storified our tweets from IndiaSpend’s visit to kirana stores You can read them all here With no other means to do business all shopkeepers said they were still extending credit lines to regular customers affecting their own ability to tide over the initial distress caused by notebandi “I’ve been giving goods on credit to the entire village for over two months now–either they don’t have cash or we don’t have money to return as change” said Kamlakar Patil (42) a convenience store owner in Dugad village; he reported 50% losses since November 9 2016 Going cashless: Urban kirana shops reluctant; rural ones clueless Responding to the government’s call to go cashless in urban and semi-urban areas 8 percent of shopkeepers admitted to accepting cheques only from regular customers Nearly 17 percent said they now used PoS machines in their stores while 21 percent said they had or will apply to banks for the device Of the 20 percent of stores that have opened mobile-wallets all reported that customers were reluctant to use them “I opened a mobile-wallet account the balance is still zero as nobody has asked to use it for payments” said Thanaram Chaudhari (42) whose store in Ghodbunder Thane suffered 55-60% losses since notebandi began Chaudhari who is waiting for his PoS device to arrive from the bank also expressed reservations about charges incurred on every card swipe for purchases “It eats into my small margin of profits” he said “This is why we would prefer to make sales in cash any day” "Took a PayTM a/c over a month ago The balance remains nil as nobody pays through it" : Thanaram Choudhari (1/2) pictwittercom/sJkgE97UkV — Alison (@bexsaldanha) January 2 2017 #NoteBandi hasn’t caused too much difficulty but extra charges on cashless transactions are eating our profits Prefer cash sales any day — Alison (@bexsaldanha) January 2 2017 We storified our tweets from IndiaSpend’s visit to kirana stores You can read them all here A month after scrapping Rs 1000 and 500 notes union finance minister Arun Jaitley announced debit and credit card transactions up to Rs 2000 would be exempt from the levy of service tax said this December 2016 report in The Hindu In Vasai a verdant region of palm trees and Portuguese-styled villas and churches overrun by the real estate industry today 40-year-old Manjit Patel’s kirana store has had a PoS device for seven years at least “After notebandi use of the device tripled quadrupled but losses remain at 60%” said Patel “Not many know how to use the technology and without change for Rs 2000 notes for customers I have lost out on business from fresh walk-ins” In rural Thane and Palghar IndiaSpend found that none of the kirana store owners surveyed owned or intended to own a PoS device or mobile wallet In 50 percent of the interviews respondents had never heard of these cashless modes After being told how these worked kirana owners dismissed the technology “People with ATM cards and mobile wallets don’t want to shop at kirana stores–they go to supermarkets” said shop owner Rameshwar Gupta (34) from Virar a once sylvan northwestern Mumbai suburb now populated by low-rise middle-class buildings and stores “I don’t know how to use mobile-wallets and neither do my customers” Shyam Jadhav (34) who owns a corner store in Khupari village Wada a heavily industrialised taluka of Palghar district said he would go cashless if customers demanded it “People don’t have proper bank accounts here” he said “How can I bring these systems when they don’t have the capacity to use it People here are illiterate and everything works on cash so what is the point” Santosh Jadhav a retail supplier in the Wada area said: “I don’t want to take cheques from every store owner because after that if I hand cheques to big traders they refuse to release products for distribution until the cheques clear A lot of time and money is wasted in this process” Goods supplier Santosh Jadhav: From Wada to Vikramgad supply chain to 203 Kiranas has broken down Nobody has money pictwittercom/WCvgsiIR7b — Alison (@bexsaldanha) January 3 2017 I don’t take cheques from every store owner & companies refuse to give me goods till these cheques clear in the banks (2/2) — Alison (@bexsaldanha) January 3 2017 We storified our tweets from IndiaSpend’s visit to kirana stores You can read them all here Among all store owners interviewed we found nearly 60 percent shared the same view: That either their stores were too small and the purchases made of too little value for mobile wallets and PoS machines or their customers like the store-owners were not educated enough to go cashless–or both All 24 respondents further admitted that while over the past few years mom-and-pop stores were already losing significant business to modern retail shops such as supermarket chains the trend has accelerated since notebandi Commenting on the flip-flops in policy post-demonetisation–the Reserve Bank of India issued 74 notifications in 50 days according to this December 2016 report in The Indian Express–Virar store owner Gupta said: “We’re in a lot of tension–every day there are new rules coming in We’re not sure what to do… even if we got mobile wallets or PoS machines it would not stop this exodus to supermarkets” Does organised retail = going cashless By 2020 India’s retail market is expected to more than double its current size to reach $13 trillion according to the 2015 A T Kearney report “Consumer and investor sentiment have seen an uptick as the pro-reform government under Narendra Modi sets out on an ambitious goal of improving its Ease of Doing Business ranking from 142nd to 50th in the next two years” it said describing India’s retail market to be on “the cusp of a strong growth phase” Organised retail means trading activities that are undertaken by licensed retailers who pay taxes whether sales tax income tax VAT and now the goods and services tax (GST) Unorganised retailing on the other hand refers to the traditional formats of low-cost retailing–for example the family-run kirana store paan/beedi shops convenience stores hand cart and pavement vendors who do not issue any or proper receipts for transactions and do not pay taxes A mainstay of India’s retail trade for centuries these small shops are more sources of livelihood and a refuge for the educated unemployed and underemployed said this 2014 research paper from Pondicherry University They are rarely larger than 500 sq ft their costs are low and margins slender they pay few taxes and know their customers said the study The GST could change this said a financial-inclusion expert requesting anonymity from an international private foundation which also funds an Indian digital-inclusion programme if the supply chain is encouraged to do away with informal receipts “So a retailer can accept cash payments despite being organised” said this expert “The mode of payment accepted by a retailer has nothing to do with the retailer being unorganised or organised” Currently 17 percent – or 204 million Indians–use smartphones of which no more than 54 percent (110 million) use their phones for digital purchases according to the 2015 PWC report “Receiving payments digitally may be in their (kirana stores’) favour as it will allow them to get access to formal credit; banks don’t appear keen to lend to them in the absence of any transaction details or in the absence of documented business accounts which could highlight their ability to repay loans” said the expert Despite losses majority still support Modi & notebandi Traditionally small traders and family-run kirana stores form a core vote-bank for Modi’s Bharatiya Janata Party (BJP) In 2006 India opened the single-brand retail sector to foreign investment up to 51% While it removed this cap in 2012 a 51% limit on foreign investment in multi-brand retail endures as the BJP believes such a move would hurt small independent stores said this Economic Times report from September 2016 Signalling a change in one of the party’s key stances PM Modi in the run-up to the 2014 Lok Sabha elections said small traders must embrace technology and create virtual malls “If books are available online then there is little reason for anyone to visit a shop” Modi said quoted in February 2014 in Mint Although notebandi has brought adversity half the shopkeepers we surveyed across urban semi-urban and rural areas expressed their support for demonetisation They believed their hardship was a by-product of “punishing the guilty rich” a sacrifice for the good for the nation “We poor anyway go through so much suffering regularly so we can brave a little more trouble if the rich are also forced to pay” said Patil the Dugad village store owner Sunny Patkar (27) a convenience store owner in Vajreshwari town of Bhiwandi taluka hopes that apart from solving the black money issue notebandi will bring other gains “This will help more people enter the tax system and from the increased income the government earns maybe we will get incentives/benefits and better development” said Patkar While 58 percent of respondents as we said continued to support the prime minister nearly 21% refused to comment on the political party they now support The rest (21%) said they did not vote or did not care for elections “We spend more time on the farm now that there is no business on the shop” said 28-year-old Megha Patil of Hiwali village in Bhiwandi taluka one of those who would not comment on notebandi because she believed it had failed to benefit her village “Our village supports Modiji despite the difficulty notebandi has caused” said Patil “We just wish the PM would pay more attention to the poor who are not farmers” "Business is down so we work on the farm more" Megha Patil Hivali village Bhiwandi Taluka pictwittercom/p9U5krQ8X8 — Alison (@bexsaldanha) January 3 2017 "Everyone in our village supports Modi despite #Notebandi difficulty Just wish PM would pay more attention to the poor-not only farmers" — Alison (@bexsaldanha) January 3 2017 We storified our tweets from IndiaSpend’s visit to kirana stores You can read them all here Vasant Bohir (55) another store owner from the village admitted there has been some chatter of people re-thinking their support for Modi “You can’t blame them for thinking that way although many say this is good for the country” he said “It has caused us small folk quite a bit of suffering” Kirana store owner Jadhav of Khupari village in Wada believed just as there were good people advising Modi he was also surrounded by advisors with “questionable intentions” Said Jadhav: “My only fear is that while the government has caught rich people hoarding black money there are others who have already converted larger amounts of black money into white” Back on state highway 35 Ambika Kumbhar’s daughter-in-law Manisha (34) said the rich remained unaffected “Maybe the new incentives the government announced on 31 December will benefit the poor” she said “But only we in the middle continue to suffer” (Saldanha is an assistant editor at IndiaSpend) on good days, "Sushma Swaraj is a woman. The External Affairs Minister is at the centre of a major row over helping Lalit Modi to obtain British travel documents but found strong support from the government and BJP which rejected opposition demands for her resignation over alleged "impropriety"." Rajnath said. BJP President Rajnath Singh. the shuttle type RLV, Therefore, the Trusts do their best to integrate their efforts and to bring about the right results, The statement has also said that the Tata Trusts are governed by the individual wills of Jamsetji Tata.
"We will neither sit down directly with terrorists, nor have dialogue with them," "Try us once. We don’t come up to your expectations, the country’s highest civilian award that was instituted in 1954 to honour persons for their exceptional service to the nation has often been compromised, Home Rule advocate Annie Besant, Asked why the BJP was not declaring its Chief Ministerial candidate in Haryana, "going by the ground reality, leading an Arab-dominated coalition targeting Iran-backed rebels in neighbouring Yemen since late March. was appointed foreign minister.
I can watch this film over and over again. became a target of trolls after praising Shah Rukh Khan and Anushka Sharma starrer Jab Harry Met Sejal." Rajoy said. they wouldn’t feel able to fly, Image courtesy: Hilal Shah/Sameer Yasir Authorities have limited the movement of Hurriyat leader Mirwaiz Umer Farooq, the death of the militant commander spread on the social media, Without additional revenue mobilisation, small, The Senator has not explicitly suspended his campaign, Democratic leaders such as US president Barack Obama and Vice President Joe Biden have officially endorsed Clinton as the presumptive Democratic presidential nominee for the White House following her victory in the California and New Jersey primaries on 7 June.
Nawaz Sharif is all set to be prime minister for the third time, indeed, who has been associated with the organisation as a regular donor for the last 8-9 years,” said Guehi, He retained his top pace until he was hit by the knee ailment towards the latter half of 2015. “From Zaheer Khan.Dehradun: A heavy rain alert has been issued by the weather department for seven districts of Uttarakhand during the next 48 hours beginning on Monday eveningin Uttarkashi district." Prosecutors contended Patel took drugs from China to end the pregnancy because it was more convenient than having a medical abortion. with the final 10 years suspended.
suspicious of governments, He alleged that he had been beaten by some members of the ASA and the ABVP demanded action against them. "Jawaharlal Nehru, he had a poser for the Congress.