Retailers in the food, grocery and fashion retail segments to be unaffected High value items namely jewellery, luxury items, consumer durables to show contraction in topline Post demonetisation, the card based transactions has risen up to 90 per cent of total sales in the third quarter of 2016-17, India Ratings and Research (Ind-Ra) said on Friday. "Contrary to the popular belief, organised fashion retailers (departmental stores) have bucked the impact of demonetisation. "...most of these ... Rediff.com, 1 month ago
The essence Demonetisation has catapulted the shift from unorganised to organised retail sector in the light of the cash crunch. While the market expected the organised retail sector to witness contraction in the third quarter (Q3) of the ongoing financial ...The Financial Chronicle, 1 month ago
We'd asked you, dear readers, to share your experiences of living cashless in India and we've been inundated with your responses. THANK YOU :) Please keep them coming! Here are some of the stories we received: IMAGE: Using app-based cab services is one of the many solutions offered by readers who believe in living cashless. Photograph: Getty Images Jigar Pathak, an IT professional from Mumbai, has travelled to 5 cities since November 6 with just Rs 600 in his wallet. He tells how he ...Rediff.com, 2 months ago
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