Slow cash flow a big blow to traders across Jammu Archives

The demonetisation of higher currency notes by the Central government has made the markets sluggish due to cash crunch. Manufacturing units are also facing scarcity of cash to get the raw material and make payments. The trade bodies have extended support to Prime Minister Narendra Modi’s move, but a majority of the businessmen are apprehensive about the long-term effect of the decision on the economy and employment generation. Meanwhile, the Chamber of Commerce and Industry (CCI) said traders were suffering, but they expect that things would get back to normal…