kolhapur the demonetisation of higher currency notes has decelerated the registration process of new vehicles at regional transport office rto heredemonetisation at large has affected day to day life here the regional transport office rto has registered a 40 decline in vehicle registrations since the announcement of demonetisation of higher currency on november 8 the office had registered more than 8400 vehicles between october 9 and november 8 only 5675 vehicles have been registered in the past one and half months showing a steep decline in vehicle registrationthe assistant regional transport officer arto dipak gopale said most of vehicles that have been registered after demonetisation were applied in advance we have received minimal response especially among four wheelers on a monthly rate where we use to register about 1440 four wheelers has come down to 275 four wheelers in the last one month the real picture of the major decline will be clear only after this financial quarterthe deputy regional transport officer drto rajendra varma said for the last one month people have been giving importance to essential commodities only for them vehicles are not in the essential priority list but we are hoping that the situation will improve in the upcoming daysa city based vehicle dealer said the sudden decision of the government has severely impacted our business the major chunks of our customers make down payments in cash and remaining do it through the loans from banks and finance companies now everything has come to a standstill and we are without any work now this decision will have long term impact on our economy it is said that the national income drop by the 2 he added our maximum customers are from the rural part of the district who have been severely affected the situation will become worse if government fail to initiate steps to control the damage