Demonetization

India Food Forum - 2020 > Demonetization

Demonetization had a significant impact on India business in Q4: Indra Nooyi, Global CEO, Pepsico

February 17, 2017 |by indiafood forum | Comments Off on Demonetization had a significant impact on India business in Q4: Indra Nooyi, Global CEO, Pepsico | FOOD & GROCERY | , , ,

Nooyi said scrapping of the high-denomination rupee notes in November was a massive change because 80 per cent of the currency was taken out of circulation and the implementation of the measure had its share of challenges…READ MORE

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Noida’s pubs and bars yet to recover from demonetization blow

December 28, 2016 |by indiafood forum | Comments Off on Noida’s pubs and bars yet to recover from demonetization blow | FOOD SERVICE | ,

Noida’s pubs and bars that have been severely hit by the demonetisation move didn’t get enough business on Christmas and aren’t expecting good business on the New Year’s Eve either…READ MORE

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Cash crunch eats into restaurants’ profits

December 22, 2016 |by indiafood forum | Comments Off on Cash crunch eats into restaurants’ profits | FOOD SERVICE | ,

Demonetisation has impacted the eating habits of the people. And business at many well-known or lesser known eateries has been hit. But how bad is it?…READ MORE

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Demonetization move prompts digitisation of milk procurement

December 15, 2016 |by indiafood forum | Comments Off on Demonetization move prompts digitisation of milk procurement | FOOD & GROCERY | ,

HDFC Bank’s two-year-old milk-to-money programme, which has been extended to 12 states, is now seeing demand from milk procurers all over the country…READ MORE

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Hot drinks, home care, packaged foods less likely to be impacted by demonetization

December 14, 2016 |by indiafood forum | Comments Off on Hot drinks, home care, packaged foods less likely to be impacted by demonetization | FOOD & GROCERY | ,

Euromonitor Internationalwhich is a market research organisation on consumer products, commercial industries, demographics trends and consumer lifestyles in India today said industries with low income elasticity, such as hot drinks, home care and packaged food etc are less likely to be impacted adversely due to the short-term cash crunch…READ MORE

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Fruit, vegetable traders plan to halt operations if money situation doesn’t improve

December 13, 2016 |by indiafood forum | Comments Off on Fruit, vegetable traders plan to halt operations if money situation doesn’t improve | FOOD & GROCERY | ,

Traders are contemplating shuttering their operations in a few days if there is no respite from the cash crunch, which has triggered a payment crisis and sparked heated arguments between farmers, who are offering perishables at half to one-third the price that prevailed last week, and traders, who don’t have legal cash to pay…READ MORE

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Demonetization is to monetise so liquidity reaches farmers: Food Processing Minister Harsimrat Kaur Badal

December 13, 2016 |by indiafood forum | Comments Off on Demonetization is to monetise so liquidity reaches farmers: Food Processing Minister Harsimrat Kaur Badal | FOOD & GROCERY | , ,

We have requested again that in back-end infra investment, you should allow a portion of whatever investment you make to be put in non-food items… It’s my dream vision to create that, said Harsimrat Kaur Badal…READ MORE

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Cash crunch biting into big business at popular food outlets

December 9, 2016 |by indiafood forum | Comments Off on Cash crunch biting into big business at popular food outlets | FOOD SERVICE | ,

In news that may be hard to swallow, eateries whose food has become synonymous with Lucknow’s name, from 126-year-old Raheem’s Kulche Nahari to 118-year-old Tunday Kababi, Idrees’s Biryani and Dastarkhwan ­ all have been hard hit, with business dipping to a shocking 50 per cent…READ MORE

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Demonetization Impact: A dull weekend for retail stores

December 5, 2016 |by indiafood forum | Comments Off on Demonetization Impact: A dull weekend for retail stores | FOOD & GROCERY | ,

The monthly shopping of groceries too remained low. Shopowners believe that this trend may affect the way goods will be stocked in the coming months…READ MORE

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Cash crunch leaves grocers high & dry

December 2, 2016 |by indiafood forum | Comments Off on Cash crunch leaves grocers high & dry | FOOD & GROCERY | ,

As people made a beeline for banks to withdraw money after their salaries or pensions landed in their accounts, a majority of the grocery shopowners reported a 60-70 per cent drop in footfall on Thursday…READ MORE

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