Demonetisation announced without plan, preparation, says Sitaram Yechury

Sitaram Yechury also claimed that the move will "put brakes" on the economy and "hurt" the poor.

By: PTI | New Delhi | Published:November 12, 2016 6:09 pm
sitaram yechury, yechury on demonetisation, yechury on notes ban, cpim yechury, currency ban, 1000 notes ban, india news Sitaram Yechury said PM Modi announced the demonetisation move without preparation. (Express Archive)

CPI(M) general secretary Sitaram Yechury today 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. B
    Bhatiye Patel
    Nov 12, 2016 at 1:06 pm
    It is foolish of Mr. Yachuri to raise the issue of the plan, we all know the black money economy is so big and corruption of the system is so rampart that without total secrete can be resolved. Government did the right thing by keeping it secrete and now fixing the system after announcement. Can Mr. Yachuri and his kind tell the people how they live all these years without any meaningful source of Income? lt;br/gt;lt;br/gt;No gain without pain. Congratulation to Modi government. Those in opposition making noises are themselves seating on big cash and now they see all those hording of cash useless, so making noises. All those who are making noises do have cash horded. Yes the common men do go for some temporary hard ship but thing will change. Prices will come down on residential and usal commodities. Those who may go for the hardships shall think that they are doing national duty by keeping peace and not rushing to ATMs and Bank counter. India is on her way to become great nation under leadership of Modi.
    Reply
    1. S
      Sudish Puthalat
      Nov 12, 2016 at 1:20 pm
      Can yechury tell us how he makes money? The people have a right to know
      Reply