NammaTrichy - Online News Portal about Trichy Tamilnadu

Restriction on cash transactions has affected business of cattle in Manapparai

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Ever since the model code of conduct came into force in the second week of March, Static Surveillance Teams and flying squads carry out random vehicle check to detect unaccounted money. If the occupants in the vehicle possess amounts to a maximum of ₹50,000, they seize the cash. Though it is aimed at preventing distribution of cash to voters, the trade bodies are of the view that it has affected business. The impact is clearly felt by traders and middlemen at the weekly cattle shandy at Manapparai, the biggest in South India.

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The shandy, which meets on Wednesday every week, transacts business of ₹3 crore and above. It attracts at least 5,000 cattle, mostly cows and bulls, from different parts of Tamil Nadu, Andhra Pradesh, Kerala, Telangana and Puducherry. But, not many traders brought cattle to the shandy, which met on Wednesday. Only a few hundred cattle were brought. According to a leading trader, the business plummeted to just ₹1 crore.

Traders and middlemen say that harassment by flying squad personnel in the name of checking prevented more than 60 % of traders from bringing cattle to Manapparai.

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