Centre’s demonetisation move is a plan which even the country’s worst enemies would not be able to better, CPI(M) general secretary Sitaram Yechury alleged on Monday as he targeted Modi dispensation over withdrawal of Rs 1000 and Rs 500 notes from circulation. He said the recovery of unpaid bank loans from corporates should have been the government’s priority instead of demonetisation, that has “hurt only the poor”.
“Even if our worst enemies wanted to hurt rural India, after two drought years, they couldn’t have made a better plan #DemonetisationDisaster. Recovering unpaid bank loans from rich corporates should have been govt’s priority instead of #Demonetisation which has hurt only the poor,” Yechury said on Twitter.
Taking the nation by surprise, Prime Minister Narendra Modi on the night of November 8 announced demonetisation of the notes, making them invalid in a stated bid of combating black money, fake currency, corruption and terror funding.