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Depression in Tripura Market over Cash Flow Crunch

Depression in Tripura Market over Cash Flow Crunch

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  17 Aug 2018 1:44 PM GMT

AGARTALA, Aug 16 : The growing uncertainty and shortage of money flow has caused a serious depression in the market as traders and entrepreneurs are finding it difficult to run the show.

A privately conducted survey in the market revealed that the business community as well as the consumers are overwhelm in appreciating the government move against narcotics but worried over the resultant depression in the market.

Most of the traders and entrepreneurs feel that government should take step to pump money into the market so that the state economy runs steadily, consumers get goods and jobs are created. Reports from different parts of the state said similar depression is going on in everywhere and small traders and businessmen are finding it difficult to run their business.

Traders and contractors feel that non-release of government bills are another reason for the shortfall in money supply in the market. They feel government should take immediate step to release all pending bills and it will help in reviving the market.

Tuashar Kanti Chakraborty, president, All Tripura Merchants Association and secretary of the Tripura Grocery Merchants Association Rajib Banik feels that a serious situation has been created in the market. ‘Tripura economy is fully dependent on government as there is no major private investment or any industry. If the government stops releasing fund, it is bound to have an impact on the market’, Chakraborty said.

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