Confusion, fear among workers in Delhi’s unorganised sector | delhi | Hindustan Times
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Confusion, fear among workers in Delhi’s unorganised sector

delhi Updated: Nov 09, 2016 13:48 IST
Aruveetil Mariyam Alavi
Many people in the unorganised sector do not deposit their cash in bank accounts, and instead choose to safeguard it at home.
Many people in the unorganised sector do not deposit their cash in bank accounts, and instead choose to safeguard it at home.(AP)

Many people in the unorganised sector have hit the panic button, as they have been led to believe their Rs 500 and Rs 1,000 notes are now useless.

Muskaan, a domestic help from Jangpura, claimed that she will have to incur a “loss” as she has a few Rs 500 notes at home. “These are no longer valid right? What will I do? We already don’t make that much, and from that if the government says our money is no longer valid, how will we survive?” she lamented.

There are many like Muskaan who are not aware that they can get their old notes exchanged at banks and post offices.

Rikaab, a garbage collector, also claimed that he is worried. “I have two to three thousand in Rs 500 notes. I don’t know what to do with them,” he claims.

Read: Vegetable vendors in Delhi hit by withdrawal of currency notes

Some others like Mukesh Kumar, a local vegetable vendor, know their rights but are not immune to predatory practices of the market.

“All I have are Rs 500 notes. When I went to get new stock this morning, many wholesalers there were not accepting them. A few who did, were valuing the Rs 500 notes at Rs 400 or 300. So we have had to face a loss of Rs 100-200 for every Rs 500 we spent,” he claims.

Many people in the unorganised sector do not deposit their cash in bank accounts, and instead choose to safeguard it at home. “We get paid on a daily basis, depending on how much work we do or how much we sell. We can’t go to the bank everyday to deposit this cash,” explained Mukesh.

However, some cycle rickshaw drivers showed immense calm in the face of the changing times. “We get paid in Rs10 or Rs 20. The biggest notes that we have are Rs 100s most of the time. So we are not worried. The one or two Rs 500 rupee notes we have, we will get exchanged. So it is fine,” said Bhundeshwar Yadav, rickshaw puller.