Wednesday, November 9, 2016

Modi has created financial anarchy: Yechuri

LUCKNOW: CPI (M) general secretary Sitaram Yechuri Wednesday alleged that demonetization of Rs 500 and Rs 1,000 notes by the Narendra Modi-led government has pushed the country into total financial anarchy.

It was just another effort by the Modi government to divert the attention of the people from the real issues, he added.

"The decision of the NDA government has created panic among the common masses. The poor fighting to fulfill their daily needs are the most harassed lot," he said.

Yechuri said that the issue would be highlighted during the coming winter session of Parliament. Talking to UNI here on the sidelines of the Left Front rally to showcase their unity before the crucial Assembly elections early next year, Mr Yechuri contradicted the reasons given by the Prime Minister for last night's action.

"The PM gave four reasons for the withdrawal of the Rs 500 and Rs 1000 currencies-- firstly to end corruption, secondly to prevent counterfeiting of the currency notes, to prevent misuse of currency for terrorism and lastly for countering black money. But I challenge PM in all the four reasons-- PM did not assure that the act will end corruption, counterfeiting of currencies would again start once the new notes comes in circulation, terrorists mostly use the facility of electronic transfer and lastly over blackmoney, Modi had said that the entire black money of the country is stashed in foreign countries and in offshore haven," he claimed.

The CPI (M) general secretary said that if Modi government was really serious about ending corruption and black money, they why was it not stopping the donations funded to the political parties and not disclosing the names of the big bank defaulters who have a loan amounting of Rs 11 lakh crores even after the directives of Supreme court.

Claiming that the move to end the currencies was just any effort by the BJP to divert the attention of the people, he said at the mid-end of the NDA government, they have nothing to showcase as the unemployment graph in the country has gone up, the growth rate has dipped while the inflation was high hence they had to do something to show that they are working.

Yechuri, who did not rule out the act of the BJP-led government at the Centre aimed at the crucial Uttar Pradesh Assembly polls, said that this saffron brigade could do anything to get political mileage. ''But this would not give them any benefit as people are feeling cheated by the BJP," he further said.

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