Industry

Corporate, not cashless

Print edition : December 23, 2016

In a garment industry unit in Tirupur, a file photograph. Photo: M. Balaji

Finance Minister Arun Jaitley with Ajay S. Shriram, the then president of the Confederation of Indian Industry, and Chandrajit Banerjee, CII director general, at the inauguration of the National Conference and Annual Session of the CII in New Delhi on April 6, 2015. Photo: Sandeep Saxena

Corporate India consists of many small and medium units that need cash to pay workers, buy inputs and distribute goods. Hence, the currency shortage has led to workers losing jobs, at least temporarily.
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