Categories: India

Demonnetization encourages the Indian economy into Tailspin: left party slam modi govt

New Delhi: The left party on Sunday crashed into the government over the economic situation and blamed the center demonetization policy for it.
Demonnetization of high-degree condominated currency records announced by the government on November 8, 2016.
questioning the steps, CPI (M) Sitaram General Secretary General Yechury accused him of “destroying the informal sector”.
“The economy into the tailspin, the poorest wound.
The informal sector was destroyed.
There was no black money restored, but rich would be richer.
Cash in the economy is the highest now! The government must assume India’s responsibility, only for the will of one person,” He said in a tweet.
MP CPI Binoy VisWam also criticized the government for demonetization.
“Currency in Circulation: 2016 November 17 17.97 Lakh Cr.
20 October 28.30 Lakh Cr.
57% Increased in 5 years! Money in the country: 300 lakh cr.
Demonetization is a total disaster.
PM Modi must tender the nation’s appology.
Modinomics is ‘Many ADOs about nothing’! “, He said in a tweet.
Yechury also demands customs withdrawals on petroleum products.
“Loots people! Wearing unbearable misery on people who have suffered under the attack of Whammy Double from Covid & Economic recession.
Interesting central customs for petroleum products,” Yechury said on another tweet.

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