ICA asks govt to allow purchasing phones with old notes
Mobile phone industry body, Indian Cellular Association, has asked the government to allow using old currency notes for purchasing mobile handsets. The body has claimed that mobile phone sales have come down by 50% due to cash crunch post demonetisation. According to IDC, demonetisation is set to reduce feature phone and smartphone shipments by 24.6% and 17.5% respectively this quarter.