Crack whip against erring politicians: CPI
Hyderabad, Nov 9 (INN): CPI leader K Narayana on Wednesday raised doubts over the Centre's decision of demonetizing currency of Rs 500 and Rs 1000 denominations.
Speaking to media pesons, the CPI leader said that though the decision to ban big denomination was good but said that it would not bring out black money stashed by the industrialists and the politicians.
Narayana said that based on the fact that Andhra Pradesh Chief Minister N. Chandrababu Naidu had written to the Centre to ban high denomination notes it is evident that the decision was known to them and these leaders made alternative arrangements. He expressed fears that the government was trying to encourage credit card transactions saying that it would harm the retailers and petty businessmen.
The CPI leader demanded the Centre to revoke the ban on the old notes for sometime saying the common people were facing hardships since it is a wedding season in many parts of the country. The CPI leader also said that the Centre should crack whip against the corrupt practices of politicians and industrialists if it is serious in dealing with the black money issue. Unless financial irregularities of politicians and industrialists are not checked, the government can't curb black money, Narayana said.
News Posted: 9 November, 2016
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