FOREX

Demonetisation Effects – 4 lakh Jobs cuts

Demonetisation Effects – 4 lakh Jobs cuts

FOREX
With the recent Demonetisation of Rs 500 and Rs 1000 notes, non-permanent jobs, especially in labour intensive sectors have taken quite a hit. Some of the sectors are like textile, leather, garments and jewellery . About 4,00,000 people, include mostly of daily wage workers, have either lost their job or quit work temporarily due to shortage of payment, says a senior industry executive . He also mentioned that the number will just keep going up if the cash flow doesn’t increase. Even after 18 days of Note Ban, a huge number of interesting developments are being reported from across the country. While some of them are revolutionary for employment according to business analysts. Industry is looking at temporary job losses due to demonetisation, as production gets hit. Demonetisation aff