Monday, January 9, 2017

[IAC#RG] OFFICIAL PROOF: Demonetisation has caused mass rural / MSME distress

Documents accesed under RTI reveal that MNREGA demand has spiked by 300% after demonetisation indicating severe rural distress and fleeing of migrant workers (labour) back to villages seeking work after factories and MSME businesses.all across India go into slow-down / shut-down mode,

According to D L Sachdeva, national secretary of the All India Trade Union Congress, it is estimated that over 40% of workers were rendered jobless in the immediate aftermath of the move. "This has led to a major reverse migration."

The Govt has already exhaused its annual MNREGA budget and is unable to continue without extra budgetary support.

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