SMB destroy the devil make money, make the slow return

A year ago, small and medium-sized businesses were turning under the sun. However, with a normal monsoon season and with the prospect of lower interest rates by the RBI, small and medium-sized companies expect higher consumption and increased industrial production to avoid cyclones. When Prime Minister Narendra Modi made a surprise appearance on television a few days after Diwali last year, the Indians were arrested completely unexpectedly. The Indian government says that destruction is a way to free money and tax evasion, but it makes life very difficult for ordinary men. The decision of 500 Rs and 1000 rupees to end legally leads to a situation where one billion Indians have to work with very little money for at least five months. The RBI, in its annual report, said Rs 15.28 lakh of high value recipes returned to the system, accounting for 98.75 percent of the total amount distributed in the chemical. so unique. While the government says that it has managed to withdraw fake currencies with this move, what is the socio-economic impact of sabotage? Chandra Mohan Grover, co-founder of IBSFintech, says: We need to understand two things here. It affects the economy in the short term and affects ordinary people. ?? IBSFintech works with banks and companies to manage their cash management systems. But, ?? He adds, Itare’s decision sent a strong signal to the world that India is aiming to increase its tax network and focus on digitization. So, the impact of Is it for men and small shops or mom and pop retailers? Saleem Mohammed, a small retailer in Vasanthnagar, said: “We are not as affected as the distributors.” He said he provided credit to everyone, customers began to buy a small ticket, consumer companies began to reduce the price of shares and affected distributors. According to ErnstYoung, there are 600,000 distributors and 12 million retailers of mother and pop in India. The SME sector accounts for a large part of the Indian economy, contributing up to 8% of GDP and employing more than 80 million people a year. How does demonetisation affect distributors? The major mistake made by distributors last year in the demonetization process was to put all their money back into the banking system. Lalit Bhise, co-founder of Mobisy Technologies, a technology platform working with 25,000 distributors, said: Although it’s a good thing when they repay the money in the system, they order more in the same direction. time and can not sell products, this has become a problem. This is a pure inventory case under construction and they struggled for four months. The impact on the company is out of the way. Distributed ecosystems generate a net profit margin of 1% and a gross margin of no more than 3%. No money, many of them started to wait with their savings and this affected some distributors in the sale of shares in minutes. Matrix and long queue. The details provided by SnapBizz, gathering data from more than 2,000 small stores, reveal the impact on consumer consumption: A 25% drop in consumer incomes for the two weeks canceled. Some cities are more affected than others. Mumbai and Delhi fell sharply (by 31%) compared to Bangalore, down 18%. Not required, such as cigarettes, chocolates, dried fruits, baked goods / desserts, soft drinks and concentrated juices, dropped sharply from 16% to 33%. Foods such as baby food, masala, staple foods, oral health care and hair care did not affect sales and billing figures. The following categories saw an incremental example (with a period of 11%) favoring the purchase of large packages: staple foods such as cooking oil, distillate and legumes, flour, sooji, five cups , tea and salt; Personal care items such as liquid soaps, mouthwashes, toothpastes and depilatories. There is an increase A year ago, small and medium-sized businesses were turning under the sun. However, with a normal monsoon season and with the prospect of lower interest rates by the RBI, small and medium-sized companies expect higher consumption and increased industrial production to avoid cyclones. When Prime Minister Narendra Modi made a surprise appearance on television a few days after Diwali last year, the Indians were arrested completely unexpectedly. The Indian government says that destruction is a way to free money and tax evasion, but it makes life very difficult for ordinary men. The decision of 500 Rs and 1000 rupees to end legally leads to a situation where one billion Indians have to work with very little money for at least five months. The RBI, in its annual report, said Rs 15.28 lakh of high value recipes returned to the system, accounting for 98.75 percent of the total amount distributed in the chemical. so unique. While the government says that it has managed to withdraw fake currencies with this move, what is the socio-economic impact of sabotage? Chandra Mohan Grover, co-founder of IBSFintech, says: We need to understand two things here. It affects the economy in the short term and affects ordinary people. ?? IBSFintech works with banks and companies to manage their cash management systems. But, ?? He adds, Itare’s decision sent a strong signal to the world that India is aiming to increase its tax network and focus on digitization. So, the impact of Is it for men and small shops or mom and pop retailers? Saleem Mohammed, a small retailer in Vasanthnagar, said: “We are not as affected as the distributors.” He said he provided credit to everyone, customers began to buy a small ticket, consumer companies began to reduce the price of shares and affected distributors. According to ErnstYoung, there are 600,000 distributors and 12 million retailers of mother and pop in India. The SME sector accounts for a large part of the Indian economy, contributing up to 8% of GDP and employing more than 80 million people a year. How does demonetisation affect distributors? The major mistake made by distributors last year in the demonetization process was to put all their money back into the banking system. Lalit Bhise, co-founder of Mobisy Technologies, a technology platform working with 25,000 distributors, said: Although it’s a good thing when they repay the money in the system, they order more in the same direction. time and can not sell products, this has become a problem. This is a pure inventory case under construction and they struggled for four months. The impact on the company is out of the way. Distributed ecosystems generate a net profit margin of 1% and a gross margin of no more than 3%. No money, many of them started to wait with their savings and this affected some distributors in the sale of shares in minutes. Matrix and long queue. The details provided by SnapBizz, gathering data from more than 2,000 small stores, reveal the impact on consumer consumption: A 25% drop in consumer incomes for the two weeks canceled. Some cities are more affected than others. Mumbai and Delhi fell sharply (by 31%) compared to Bangalore, down 18%. Not required, such as cigarettes, chocolates, dried fruits, baked goods / desserts, soft drinks and concentrated juices, dropped sharply from 16% to 33%. Foods such as baby food, masala, staple foods, oral health care and hair care did not affect sales and billing figures. The following categories saw an incremental example (with a period of 11%) favoring the purchase of large packages: staple foods such as cooking oil, distillate and legumes, flour, sooji, five cups , tea and salt; Personal care items such as liquid soaps, mouthwashes, toothpastes and depilatories. There is an increase For example, consumers purchase smaller packages for types such as cleaning accessories, creams and lotions, desserts, cleaners and health drinks (personal care items). The percentage of change between large packets and small packets is 23%. Some articles show purchases of branded products to unbranded items. This may be due to the fact that retailers are crediting and therefore pushing unmarked / high-margin items. They include > Dales and legumes

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