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.