Demonetisation row: CPM proposes to bring adjournment motion

CPM leader Sitaram yechury said the government's sudden announcement had resulted in day-to-day transactions of traders coming to a halt.

PTI November 14, 2016 15:55:38 IST
Demonetisation row: CPM proposes to bring adjournment motion

Tirunelveli : The CPM on Monday proposed to bring an adjournment motion in Parliament with regard to demonetisation of Rs 500 and Rs 1,000 notes and introduction of the new Rs 2,000 note by the Union government.

"We propose to bring an adjournment motion in Parliament on demonetisation of Rs 500 and Rs 1,000 notes and introduction of Rs 2,000 rupee note by the Centre," CPM General Secretary Sitaram Yechury said.

Demonetisation row CPM proposes to bring adjournment motion

A file photo of Yechury. Reuters

He said the government's sudden announcement had resulted in day-to-day transactions of traders coming to a halt, stoppage of movement of goods and lorry transport. Yechury said the Union government should at least ensure that the demonetised notes be allowed for transactions till 31 December.

"The government's claim that the move will eradicate black money is nothing but a farce. Black money hoarders have kept their currency and gold in foreign banks," he said. Prime Minister Narendra Modi had announced demonetisation of Rs 1,000 and Rs 500 banknotes with effect from midnight of 8 November in a major assault on black money, fake currency and corruption.

The CPI(M) leader also said his party will oppose tooth and nail any move to impose a Uniform Civil Code. Yechury was speaking to reporters after visiting M D T Hindu school, the alma mater of national poet Subramania Bharati in Tirunelveli.

The CPI(M) leader sat for a few moments in the classroom where Bharathi attended classes.

Updated Date:

also read

Prime Minister Narendra Modi to inaugurate Kushinagar International Airport on 20 October
India

Prime Minister Narendra Modi to inaugurate Kushinagar International Airport on 20 October

Ambassadors of various countries and a special delegation from Sri Lanka will participate in the ceremony

Prime Minister Narendra Modi to launch PM Gati Shakti National Master Plan today
India

Prime Minister Narendra Modi to launch PM Gati Shakti National Master Plan today

The project aims to synchronise activities relating to infrastructure building in an area to help Central and state agencies, urban local bodies and the private sector effectively coordinate

Congress should not worry, we won't appropriate any of its current leadership, says Ram Madhav
Politics

Congress should not worry, we won't appropriate any of its current leadership, says Ram Madhav

As he comes out with his latest book, The Hindutva Paradigm, Firstpost talks to him about various issues, including Deendayal Upadhyaya’s Integral Humanism, the recent killings of Kashmiri Pandits in the Valley