You must have felt chaos due to cash crunch after demonetization and you may have complaint about standing in the long queues for withdrawing your money. But if you will see the positive result of demonetization, you will realise that the move was taken for the benefit of the Country and standing in queues was worth for your Country.
The decision of Demonetisation has been taken by the Government to curb the black money, but it has resulted in too many other benefits. One of those benefits is that the note ban has crushed the backbone of human trafficking industry.
Human trafficking is one of the heinous crime racket working in India in which trafficked women and girls are transported to various parts of the country to be sold to brothels, placement agencies and as child brides. But now the Demonetisation has brought the trafficking of women and girls for sex work to a grinding halt, studies and rescue workers said.
As per the reports of Livemint, it claimed that Rs20 trillion industry has come to a grinding halt. The trafficked girls are transported to various parts of the country and this was done through the middle man but now there is no liquidity which has hit the business massively. All transactions used to happen in cash and now employers have no money to pay the middlemen, said Rakesh Senger, a child rights activist with Bachpan Bachao Andolan, an NGO. He has added that Girls are usually trafficked from Guwahati in Assam and Jharkhand in the north and Chennai, Bengaluru and Hyderabad in the south but since the last one month, not a single girl has been trafficked.
“A 10-12-year-old girl costs Rs5 lakh, while girls between the groups of 13 and 15 cost Rs4 lakh. These transactions are all done in cash, in black money. The brothel owners are now caught in a bind because they can’t convert this cash at the banks. Because the new currency is not readily available, clients have stopped going to brothels and the brothel owners have no money to pay the traffickers,” Nobel Peace Prize winner Kailash Satyarthi said.
“Black money is the backbone of the trafficking industry in India. At the moment that structure has been fractured by demonetisation. It is a matter of time before the new currency is back in the system and the trade picks up. We have approached the PM and informed him of this situation as well,” Satyarthi added.