Imphal, Dec 18: For reason not known to the ,media almost all shops down their shutters today. When enquired about the reason for shutting down of the shops a shopkeeper said that the shopkeeper down their shutters on their own due to the ongoing crisis in the state.
There are no formal announcement but it seems like the shop owners association of the Paona keithel seem to have taken the decision to close the shops in view of the prevailing situation amidst the cash crisis in the aftermath of the Prime Minister Narendra Modi’s demonitisation move on August 8.
Shop keepers in Imphal particularly those in Paona Keithel and Thangal keithel are facing extreme hardship due to the cash crisis. Some running the business on rented shops are running the business at loss and some even were forced to close the shops due to financial crisis said a shopkeeper.