Amid political war over demonetisation, toll rises to 87

Deceased people are from various streams of life including farmers, newborns, senior citizens, housewives and a bank employee, among others.

Amid political war over demonetisation, toll rises to 87

In a surprise TV address on November 8, Prime Minister Narendra Modi announced that all 500- and 1,000-rupee notes would be withdrawn immediately from circulation which made 86% of currency worthless outside bank branches.

At least 87 families tasted the worst of demonetisation when they had lost their dear and near ones. 87 demonetisation deaths came to the discernibility of media and system so far. Remote areas of the nation are still not having proper connectivity with media. So the actual death toll could be more than 87.  Deceased people are from various streams of life including farmers, newborns, senior citizens, housewives and a bank employee, among others.


Deceased people are from various streams of life including farmers, newborns, senior citizens, housewives and a bank employee, among others.

The drive which has demonetized rs 1000 and rs 500 was justified as a move designed to fight corruption and black money. Soon after Modi’s announcement, people rushed to change their notes at petrol pumps and elsewhere. Some committed suicide, as all their wealth became just paper. Still, people are queuing in front of banks to exchange their ‘black money’.

Demonetisation has been making social, economic and political impacts which resulted in a huge chaos in the day to day life of people.

Demonetisation policy and death toll fueled the political war which has been witnessing both the houses of parliament during the winter session. Opposition parties including Congress, Trinamool Congress, Left parties and DMK are blasting on BJP and NDA over the drive.

According to Ghulam Nabi Azad, leader of opposition in Rajya Sabha, the country is witnessing a financial emergency. Opposition party leaders are still insisting the Centre to roll back the decision.

While most of the opposition says the implementation of demonetization has been a catastrophe, Bihar chief minister Nitish Kumar has extended his support to prime minister’s move.

As per renowned economists like Amartya Sen and Paul Krugman, the 'surgical strike' against black money has turned into 'monumental blunder'.