Demonetisation announced sans plan, preparation: Sitaram Yechury

"PM announced this without any preparation: Illustrates this govt's idea of governance and lack of empathy for the average Indian's suffering," he tweeted.

By: PTI | New Delhi | Published: November 12, 2016 6:07 pm
demonetisation, Sitaram yechury, yechury, CPI(M), CPI(M) general secretary, demonetisation planning, reserve bank of india, narendra modi government, india news, indian express CPI(M) head Sitaram Yechury

CPI(M) general secretary Sitaram Yechury on Saturday alleged that Prime Minister Narendra Modi made the announcement of demonetising Rs 500 and Rs 1,000 notes without any plan or preparation and claimed that the move will “put brakes” on the economy and “hurt” the poor.

“PM announced this without any preparation: Illustrates this govt’s idea of governance and lack of empathy for the average Indian’s suffering,” he tweeted.

“Besides harassment to people, demonetisation will put brakes on the economy, hurting the poor & underprivileged more. This govt has no plan,” the CPI(M) general secretary wrote on the microblogging site.

Taking the nation by surprise, Prime Minister Narendra Modi had announced demonetisation of Rs 1,000 and Rs 500 banknotes with effect from midnight of November 8 in a major assault on black money, fake currency and corruption.

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  1. Ravichandran Vanchinathan
    Nov 12, 2016 at 2:49 pm
    What preparation Yechury is talking about!!! Does he suggest Modi should have announced one month in advance about the demonitisation of higher denomination currencies so that politicians, corrupt bureaucrats and black money holders could convert their dirty money into some kind of ets? Yechury Saheb, the common man is too willing to undergo the short term inconvenience and expose the true faces of the corrupts. It is only the Politicians like you, who paralyze our economy and cause innumerable hardships to the common man because of Bandhs, Strikes, Rail Rokos and Rastha Rokos, frequently for your mean political ends. It is the corrupt ones fume about the surgical economic operation to flush out black money. These hypocrites shed crocodile tears by citing the temporary inconvenience of the public. We the ordinary citizens are willing to swallow the bitter medicines as we know it would cure the malady.