Monday, November 14th, 2016

Allow the use of old notes for public utility till Dec 31, Yechury urges Centre

Shilpa Shaji | November 14, 2016 3:38 pm Print
Communist Party of India (Marxist) general secretary Sitaram Yechury has urged the Centre to allow the use of old currency notes of rs 500 and rs 1000 for public utility and state utility till December 31.
Kolkata: CPI-M general secretary Sitaram Yechury (Photo: IANS)

Communist Party of India (Marxist) general secretary Sitaram Yechury has urged the centre to allow the use of old currency notes of rs 500 and rs 1000 for public utility and state utility till December 31.

“The government should allow old currency notes of Rs. 500 and Rs. 1000 for public and state utility till December 31 to give some relief to the people,” while he was addressing the media.

Yechury has criticised prime minister Modi on his approach over the Black money. He alleged that Modi is not ready to reveal the credentials of the people who are having black money abroad.

“No one carries bags to fund terrorism; it is more via online transfers. Nobody is accepting this new currency. So, what is the use of introducing them?” he said.

On November 8th, PM Modi announced the decision to demonetise the high denomination currencies with effect from that day itself. According to the Centre, demonetisation is the surgical strike on corruption and a major assault on black money and fake currency.

But the post-demonetisation scenario is quite difficult to handle for the Centre and they are facing severe criticisms from public, all opposition parties etc.

In the upcoming days, demonetisation will cause fireworks in the winter session of parliament also.

 

 

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