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demonetisation

India Food Forum - 2023 > demonetisation

FMCG companies to boost promotion spends by 15-20% in September – December period

September 4, 2017 |by indiafood forum | Comments Off on FMCG companies to boost promotion spends by 15-20% in September – December period | FOOD & GROCERY | ,

Fast-moving consumer goods (FMCG) companies are planning an all-out bid to salvage sales in a year dampened by demonetisation and the goods and services tax (GST) rollout in the upcoming festive months…READ MORE

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Traders, F&B biz laud push towards cashless economy

November 16, 2016 |by indiafood forum | Comments Off on Traders, F&B biz laud push towards cashless economy | FOOD SERVICE | ,

The swift move by Prime Minister Narendra Modi to demonetise Rs 500 and Rs 1,000 currency denominations from the economy, while expected to briefly shake the smooth functioning of businesses in the country, has largely been lauded by traders, food and beverage sector and travel industry, as an attempt towards a strong digital, cashless economy…READ MORE

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Demonetisation could clean up the restaurant business

November 15, 2016 |by indiafood forum | Comments Off on Demonetisation could clean up the restaurant business | FOOD & GROCERY | , ,

One of the big, underreported issues dogging legit Indian restaurants is competition from rivals in a parallel economy…READ MORE

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Customers cash in on discounts at restaurants

November 15, 2016 |by indiafood forum | Comments Off on Customers cash in on discounts at restaurants | FOOD SERVICE | , ,

In an attempt to make up for losses, a few restaurants in the city started offering discounts to customers paying by cash, with some taking advantage of this…READ MORE

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Currency ban: Neighbourhood grocers, etailers come to the rescue

November 10, 2016 |by indiafood forum | Comments Off on Currency ban: Neighbourhood grocers, etailers come to the rescue | FOOD & GROCERY | , ,

The aam aadmi was scurrying for Rs 100 notes on Wednesday following the government’s decision to demonetise the existing Rs 500 and Rs 1000 currency notes…READ MORE

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Rs 500 and Rs 1,000 notes banned: Buying grocery tops common man’s immediate worries

November 10, 2016 |by indiafood forum | Comments Off on Rs 500 and Rs 1,000 notes banned: Buying grocery tops common man’s immediate worries | FOOD & GROCERY | , ,

While the move to ban Rs 500 and Rs 1,000 denominations will hurt black money hoarders the most, it may cause inconvenience to the common man…READ MORE

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New Currency Fallout: Food outlets tempt with discounts

November 10, 2016 |by indiafood forum | Comments Off on New Currency Fallout: Food outlets tempt with discounts | FOOD SERVICE | , ,

Desperate to mitigate losses, grocery stores and restaurants sent out messages offering huge discounts to customers. However, most people were reluctant to spend the little cash reserve they had in light of the prevailing uncertainty…READ MORE

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Eating out spends down 40 per cent on currency demonetisation

November 10, 2016 |by indiafood forum | Comments Off on Eating out spends down 40 per cent on currency demonetisation | FOOD SERVICE | , ,

On Tuesday night, PM Narendra Modi announced demonitisation of Rs 500 and Rs 1,000 currency notes along with limitations on cash withdrawals from ATMs…READ MORE

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