Don’t miss the latest developments in business and finance.

No assessment of demonetisation, GST impact on workers: Centre informs Parliament

Image
IANS New Delhi
Last Updated : Dec 31 2018 | 5:35 PM IST

The Narendra Modi government on Monday informed the Lok Sabha that it has not assessed the impact of demonetisation and the GST on workers engaged in the organised and unorganised sectors, including agricultural and contractual labourers, in the country.

In response to a question by Hyderabad MP and AIMIM president Asaduddin Owaisi, Minister of State for Labour and Employment Santosh Kumar Gangwar informed the Lok Sabha that no such assessment has been made.

"However, the Labour Bureau, Ministry of Labour & Employment, has been conducting quarterly quick employment surveys in eight sectors, namely manufacturing, construction, trade, transport, accommodation and restaurant, IT/BPO, education and health," Gangwar said in his reply.

The Centre on December 14 had also informed the Lok Sabha that it has done no assessment or study on the impact of demonetisation on the economy.

Prime Minister Narendra Modi on November 8, 2016 had announced demonetisation of Rs 500 and Rs 1,000 notes.

Also Read

The Reserve Bank of India in its annual report later had said that 99.3 per cent of the total banned notes had returned to the banking system.

--IANS

and/oeb/sed

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 31 2018 | 5:28 PM IST

Next Story