The recent efforts by the Indian government to reform what has traditionally been known as a “cash economy” have thrown daily life in India into a tumult, Bloomberg reported Thursday. As has been widely reported, the removal of the 500-rupee and 1,000-rupee notes from circulation and legal...
January 17, 2017
The cash crunch in India is having a direct impact on many sectors, prevalent among them jewelry retailers. As Bloomberg noted, “sales are plunging.” The backdrop is well-known. Many industries, including the jewelry industry, rely on cash for transactions. Many retailers, reported the newswire, are not able to process credit card transactions. And in November, […]
November 17, 2016
The recent efforts by the Indian government to reform what has traditionally been known as a “cash economy” have thrown daily life in India into a tumult, Bloomberg reported Thursday. As has...
