Cost of demonetisation: 1.52 mn casual workers in eight sectors lost jobs

Sectors include information tech, transport, manufacturing

If you thought long queues outside banks and automated teller machines (ATMs) were the only consequences of Prime Minister Narendra Modi’s demonetisation move, think again. Labour Bureau data shows 152,000 casual workers have lost their jobs due to invalidation of Rs 500 and Rs 1,000 currency notes on November 8, 2016.

According to the quarterly report on employment scenario in select sectors by the Labour Bureau, a wing of the labour ministry, these lost jobs are spread across eight sectors, including information technology (IT), transport, manufacturing, as on January 1, 2017, compared to October 1, 2016.

There was an increase