Demonetisation had disastrous impact, still faced by rural India: LGP

Demonetisation had disastrous impact, still faced by rural India: LGP

Lucknow, The Lok Gathbandhan Party (LGP) has said that even after lapse of two years of demonetization of high value currency, rural India was still facing its disastrous impact. The LGP said ill-conceived decision of demonetization, which had rendered 86 per cent of currency in the system invalid, had badly affected rural agricultural wages and sharp decline in bargaining power of farmers in attracting prices for their produce, which is still continuing. The spokesman of the party said here on Friday that while the tall claim of NDA government of eliminating black money through demonetization has totally failed, the farmers are groaning under the heels of the problem. Dubbing November 8, 2016 as black day for the poor and middle class people, as they were the worst sufferers of NDA government's decision, he said the crisis in rural India had aggravated and there is still no let-up in it. The spokesman said farmers and rural workers are still unhappy and their discontent would play an important role in 2019 Lok Sabha elections.

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