Revoke Note Ban Temporarily: CPI To Modi

CPI National Secretary K Narayana today fumed at the Centre for the problems that ensued after the demonetization of the two currency notes, and sought the scrapping of Rs. 2,000 notes by extending time for using old Rs. 500 and Rs. 1,000 notes.

During a protest outside an SBI branch in Tirupati, the CPI leader accused the Narendra Modi-government at the Centre of playing with the lives of the people by scrapping the high value old notes.

He found fault with the Centre for forming a committee headed by AP Chief Minister N Chandrababu Naidu to study the implications of demonetization. Narayana opined that the Centre should instead have taken the opinion of the Left and the Congress before taking such a huge decision.

He sought to know why the State government or the Centre had not indicted Gali Janardhan Reddy for performing his daughter's 100-crore wedding, yet. Though the plan to combat black money and corruption was in the right direction, the way of executing the plan was inefficient as it caused a lot of problem for people across the nation, he pointed out.

He slammed Modi for allegedly protecting the Adanis, Ambanis and other corporate tycoons, and targeting the poor and the middle-class in the name of fighting corruption.

The CPI leader reminded the Centre that those lining up in front of banks and ATMs were not black money hoarders, and opined that corruption was a result of the marriage between politics and criminals.

The Modi government should put a hiatus on the note ban until new notes were printed and released in sufficient numbers to cater to the needs of people, Narayana suggested.