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After the fuel price hike, appreciation of the dollar rates and the double
tax on software, dealers in Eastern India are now facing renewed problems due to
the fury unleashed by the early arrival of monsoon. All factors combined
together have put a bleak forecast on the IT sales in the region.
The worst hit because of the rains has been Jamshedpur, which has been
flooded.
Though the rains have let up recently, the city is still waterlogged with
many enterprises remaining closed or disabled throughout the day. “The basement
of my establishment is completely waterlogged and the stocks have all been
wasted because of the downpour,” said RK Agarwal, CEO, BL Infotech, Jamshedpur.
Abhay Upadhyay, CEO, Computer World commented, “With all bank links failing
in the city, it is impossible to carry out online financial transactions and
even cash flow has not been regular. We are not even in a position to put an
estimate to whatever we have lost.”
The situation in other parts of eastern India is marginally better. While
Kolkata and West Bengal seem to be getting along despite the rains-the
indefinite bandh in Darjeeling has hit the sales in Northeast. Page(s) 1
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