Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
Covert killers and war-mongers
access_time 2020-11-30T11:11:45+05:30
Stan Swamy needs a straw to drink water
access_time 2020-11-28T15:41:03+05:30
The unwritten gospel of Argentina
access_time 2020-11-27T17:18:41+05:30
The soccer wizard with a political streak
access_time 2020-11-27T11:28:29+05:30
exit_to_app
Homechevron_rightIndiachevron_rightDemonetisation was to...

Demonetisation was to whitewash black money: Yechury

text_fields
bookmark_border
Demonetisation was to whitewash black money: Yechury
cancel

New Delhi: CPI(M) general secretary Sitaram Yechury Friday said demonetisation was to "whitewash" black money, amidst reports that the current cash in circulation has jumped by more than 19 per cent from the pre-note ban days.

Media reports have indicated that the cash in circulation has jumped by 19.14 per cent to Rs 21.41 lakh crore as on March 15 this year from the pre-demonetisation level of Rs 17.97 lakh crore on November 4, 2016.

"Demonetisation by Modi on a whim, against all advice from RBI, was a way to whitewash black money. We know how jobs and lives were destroyed by notebandi. Now claims like 'cashless' economy also have turned out to be false and misleading Jumlas. #DemonetisationDisaster," Yechury tweeted.

Show Full Article
TAGS:
Web Title - Demonetisation was to whitewash black money: Yechury
Next Story