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LATEST NEWS UPDATES | Sowing season hit by demonetisation: Central team red-flag loss of rural jobs -Anubhuti Vishnoi

Sowing season hit by demonetisation: Central team red-flag loss of rural jobs -Anubhuti Vishnoi

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published Published on Nov 30, 2016   modified Modified on Nov 30, 2016
-The Economic Times

NEW DELHI: The 81 bureaucrats, who were dispatched by the Centre in teams of three to study the impact of demonetisation on the ground, have red-flagged loss of livelihood in rural areas, particularly in the non-formal sectors, and highlighted the negative impact on the farm sector in the sowing season.

Officials told ET that these confidential reports were submitted last week and are now being examined for further action. These teams, each led by an Additional Secretary, were sent off on November 18.

A number of reports, officials disclosed, have observed that the main problem is not the lack of cash in the system but shortage of lower denomination notes. Many have suggested to immediately rush small denomination currency notes to rural areas, relax norms at district cooperative banks and aggressively pursue the public campaign to go cashless. ET has accessed key findings of some of the states.

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The Economic Times, 30 November, 2016, http://economictimes.indiatimes.com/news/politics-and-nation/sowing-season-hit-by-demonetisation-central-team-red-flag-loss-of-rural-jobs/articleshow/55693853.cm


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