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Matka suffers a big ‘jhatka’ as winners insist on ` 100

Matka outlets across the State shut shop on Thursday after raking in the moolah on Wednesday, falling out to Prime Minister Narendera Modi’s surgical strikes on currency notes of ` 500 and ` 1000.



the goan I network
MARGAO

While matka agents accepted bets on Kaylan-run matka on Thursday morning, the evening read a totally different story. Almost all the matka agents across the Margao and other key places in the State shut shop in the nook and corners as they declined to accept bets on the “Main” matka.
A prominent matka bookie informed that the agents felt the heat on Thursday as the lucky winners insisted on payment of money in the denomination of ` 100 currency notes. “While the agents accepted the demonetised currency notes, the matka winners insisted on ` 100 notes, disturbing the gambling activity,” he said.
The bookie, however, added that the matka activity did a roaring business over the last two days with the daily bets registering a more than two-fold rise with the customers pumping ` 500 and ` 1000 currency notes in the matka business.
In Margao, the old market tinto “ the city’s main centre of matka business “ wore a deserted look on Thursday evening as the agents left home early. In view of the development, the area around in and around old market, which was always bustling with activity late in the night, also wore a deserted look.
Insiders say that while currency notes is one of the 

 Those who managed to exchange their currency notes were lucky enough to lay their hands on the new `2000 note
 But many soon realise the bitter truth when they encountered the liquidity crunch of the new note
 There were no takers at petrol pumps of markets for new `2000 notes as there was no adequate change with them
 Like on Wednesday, traders insisted exact change from customers, and many had to return home a disappointed lot
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Mad rush as banks grapple with currency crunch

People flock in large numbers to financial institutions to either exchange or deposit ` 500 and ` 1000 currency notes n Due to lack of adequate cash with banks, some return home empty-handed despite standing long hours in queues

The Goan Network
Published Nov 11, 2016, 5:01 AM IST
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the goan I networkPANAJIBanks recommenced operations on Thursday after remaining shut the previous day, but struggled to find adequate cash in the backdrop of a mad rush for exchanging old ` 500 and ` 1,000 currency notes following its demonetisation.A senior manager of a public sector bank informed that his bank had disbursed more than ` 1 crore cash by 3 pm. An executive of a private sector bank said that nearly 800 customers turned up at the branch to either exchange or…

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