Chilli trade turns sweet for some
GUNTUR: The onset of chilli marketing season seemed to have eased the nervousness of black money hoarders especially in chilli producing districts like Guntur, Krishna, Prakasam and Kurnool. For, the chilli traders are making payments to the farmers only in old high denomination (OHD) currencies and thus helping those who stashed up huge OHDs in rerouting their monies.
Many influential rich people are flocking to the chilli merchants to transact their old currencies, taking advantage of the situation. Keeping in view of the debts to be cleared by them, farmers are also not resisting to accept the old notes. Besides, the traders are also enlightening them that they need not bother about exchanging the old notes in banks as agriculture income is exempted from income tax payments and also scrutiny.