Demonetization: Kerala trade body to protest over fallen business

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Kerala Vyapari Vyavasayi Ekopana Samiti (KVVES) has decided to carry out an indefinite strike from Tuesday to protest the fall in business following the demonetization of Rs 500 and Rs 1000 currency.

KVVES is the largest trade organization in Kerala with over million members. It was formed in 1980 to safeguard the interests of traders, businessmen and industrialists, and is a powerful body.

Addressing reporters here, Saturday KVVES State president T. Naseeruddin said that due to the sudden decision of demonetising their business has gone for a toss.

“Adding to this, the officials are now harassing our members by conducting raids to see how much currencies are there. If things do not change, from Tuesday onwards we will down our shutters indefinitely, and only when things become normal will we open,” said Naseeruddin.

A leading provision owner said: “Since Tuesday night, our business has been hit hard and we are losing customers as we do not accept the withdrawn currencies. If we accept the currencies, then accounting becomes a problem. Now there is a huge scarcity of currencies that are legal tender, which the government should have ensured,” All are ready to join the protest on Tuesday.

Wefornews Bureau

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