TMC repeating CPI(M)’s position on demonetisation: Sitaram Yechury

CPI(M) was one of the first political parties to have reacted and opposed the government's move, saying it doesn't address any of the issues of black money, corruption or counterfeit currency or terrorism.

By: PTI | New Delhi | Published:November 12, 2016 9:51 pm
demonetisation, Sitaram Yechuri, Yechuri, CPI(M), CPI(M) leader, TMC, Trinamool Congress, Mamata banerjee, india news, indian express The Marxist leader though refused to elaborate any further on West Bengal Chief Minister Mamata Banerjee’s statement that TMC is ready to work with CPI(M). (File)

TMC is “repeating” the position taken by CPI(M) over the Centre’s move to demonetise high-value currency notes, the Left party’s general secretary Sitaram Yechury said on Saturday even as he expressed concern over people’s “suffering” in the wake of the government’s decision. “CPI(M) was one of the first political parties to have reacted and opposed the government’s move, saying it doesn’t address any of the issues of black money, corruption or counterfeit currency or terrorism which the Prime Minister had talked (about). TMC is repeating grounds of our position,” he said.

The Marxist leader though refused to elaborate any further on West Bengal Chief Minister Mamata Banerjee’s statement that TMC is ready to work with CPI(M) — notwithstanding ideological differences between them — and Congress, SP and BSP to “save the country”.

Talking to media over phone from Tamil Nadu’s Tirunelveli, the Rajya Sabha member said the Centre’s decision to demonetise Rs 1000 and Rs 500 currency notes has caused “suffering” to commoners across the country.

He asked the government to give more time to the people to arrange for their monetary requirements, “if it is not able to give public an alternative”.

A day after Prime Minister Narendra Modi announced demonetisation of high-value currency notes on November 8, CPI(M) had said the decision does not address the problem of black money stashed abroad or invested in real estate or gold and had insisted the government should make public names of top 100 defaulters of bank loans.

Observing the move was meant only to “harrass” the people, Yechury had said “to uncover the illicit money trail, we demand that the government release the name of top 100 defaulters of bank loans”.

The Centre came under attack from Banerjee over demonetisation of the currency notes even as she said her TMC is not averse to working with rival CPI(M) against the “anti-people” Modi government, which she said, has imposed an “undeclared emergency”.