Demonetisation Left Agricultural Sector Crumbling, Admits Ministry After 2 Years

Two years ago on November 08, the Bharatiya Janata Party declared that Rs 500 and Rs 1000 notes will no longer be legal tender. Demonetizationas the nation remembers forced people to stand in long queues from dawn to dusk to exchangeillegal tender and get new currency.

The move which was aimed at eradicating black money and putting a full stop to corruption was widely criticised. In a report submitted by the Reserve Bank of India this year, it was revealed that 99 per cent of the demonetised currency had come back to them.

In the latest development, Union Agriculture Ministry has admitted that the demonetisation drive did little to relieve farmers as millions of them were unable to buy seeds and fertilisers for their upcoming winter season in 2016, the Hindu reported.Click Here: All Blacks Rugby Jersey