Demonetisation: Members of civil society term Centre’s decision ‘undeclared emergency’

TMC MP Kabir Suman lauded Chief Minister Mamata Banerjee’s protest movements against demonetisation.

By: Express News Service | Kolkata | Published:November 26, 2016 3:50 am

Calling the Centre’s decision to demonetise high value currency as an “undeclared emergency”, members of the civil society said that people must raise their voice against the prevailing situation. Calling Prime Minister Narendra Modi as an ‘orderly of world capitalism’ at a press conference today at Press Club, former TMC MP and singer Kabir Suman said, “The country is going through a time when the Modi government is borrowing money from the market to run the country and in the process is left with nothing.”

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At the same time he lauded Chief Minister Mamata Banerjee’s protest movements against demonetisation.

“Modi has been unsettled by the way people had backed up Mamata Banerjee as she had been the most vocal against the demonetisation policy of the Centre,” Suman said.

He also said that countries like India, Pakistan, Nepal, Bangladesh and Sri Lanka were not being ruled by its government. Instead the reins were in the hands of the IMG and the World Bank.

Economist Dipankar Dey said that demonetisation would bring the bank interest rates down and he apprehended that under such a situation there was a strong chance that chit fund companies would once again surface and loot the poor people’s savings.

 

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  1. R
    rameshnk
    Nov 26, 2016 at 4:47 am
    Let all these TMC sympoathisers telkl us what happened to the loot of millions of poor people by Chit fund sharks in TMC. First of all return the money and then give Gyan. Otherwise all your drama will be exposed.
    Reply
    1. S
      sandeep
      Nov 25, 2016 at 10:43 pm
      Same doom and gloom they tried to spread when India liberalized the economy 25 years ago.lt;br/gt;It is all rubbish. Time to root out corruption and black money for better future and future of our children.
      Reply
      1. T
        ted
        Nov 26, 2016 at 4:47 am
        Member of the so called civil society are but exposing their naivete. They seem too immature to understand that changes are disruptive anywhere, and significant changes more so. In the demonetization exercise , people may face temporary inconvenience , but it is they and the country who are going to gain big in the long run.lt;br/gt;It is a good initiative in the direction of putting an end to the "chalte he" b of monetary indiscipline and corruption in the country.
        Reply