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BJP Lawmakers Fear Demonetisation Aftershocks in Poll-bound UP

After the initial euphoria surrounding demonetisation, there is growing concern over its impact on the rural economy, especially among BJP MPs from poll-bound Uttar Pradesh.

Updated:July 24, 2017, 4:23 PM IST
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BJP Lawmakers Fear Demonetisation Aftershocks in Poll-bound UP
Representative image. (Image: REUTERS)
After the initial euphoria surrounding demonetisation, there is growing concern over its impact on the rural economy, especially among BJP MPs from poll-bound Uttar Pradesh.

And with queues outside banks and ATMs refusing to shorten even a month after the decision was taken, these reticent lawmakers have now started to discuss the issue among themselves and with the media on condition of anonymity.

A minister from Uttar Pradesh, in fact, met Finance Minister Arun Jaitley in Parliament to stress on the need to ease the situation in rural areas.

Most cash transactions in rural India are done between November and February. With no cash available, farmers and those in the unorganised sector are getting restless.
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