TASMAC badly hit due to demonetisation

TASMAC badly hit due to demonetisation

TASMAC has lost revenue of about Rs. 100 crore, post demonetisation, according to reports. From November 9 to 13, TASMAC lost Rs. 15 crore per day. On November 14 and 15, the loss was pegged at Rs. 11 crore per day.

The move against black money has hurt Tasmac, a cash cow in a state which faces a huge deficit. Tasmac outlets in many areas have reported sales losses of 15-20%.

Bizarrely, it has also led to a complaint by the Madhu Kudippore Vilippunarvu Sangam, or TN Liquor Consumers Awareness Association which submitted a formal request to the Chief Minister’s office to allow the Tasmacs to accept old notes as they were technically government services.

Tasmac salesmen who had been accepting demonetised currencies in the state-run liquor outlets were identified and were being issued charge-memos. About 20 shops across the city were identified as having accepted the scrapped currencies beyond November 9, according to reports.

Shops in Koyambedu and T Nagar witnessed the maximum dip with 20% drop in sales.

“The customers who come here are daily-wage workers. They were cautious about drinking today. Some had an argument at the counter when we refused to accept the Rs. 500 notes,” said the sales manager of in T Nagar.