​​ ​
  1. Demonetisation: After JDU, CPI(M) witnesses top leaders dividing views on note-ban

Demonetisation: After JDU, CPI(M) witnesses top leaders dividing views on note-ban

After Janata Dal United leaders got divided on whether or whether not to support the policy implemented by the center, even in the Communist Party of India (Marxist) there seem to prevail two different views among leaders.

By: | New Delhi | Published: December 3, 2016 5:29 PM
After JDU, in the Communist Party of India (Marxist) (CPIM) there seem to prevail two different views among leaders. (Reuters) After JDU, in the Communist Party of India (Marxist) (CPIM) there seem to prevail two different views among leaders. (Reuters)

Amid the heated political storm that had hit the country since the Narendra Modi government had initiated the demonetisation policy, following which there had been a ban on old currency notes of higher denomination, there had been clash of opinions even within the parties, with some leaders coming in support of the policy and some going against it. And after Janata Dal United (JDU) leaders got divided on whether or whether not to support the policy implemented by the center, even in the Communist Party of India (Marxist) (CPIM) there seem to prevail two different views among leaders.

The CPI (M), who had taken a strong stand on the demonetisation policy in the Parliament, are witnessing section of top leaders believing that the initiative by the central government, will have a strong impact on black money holders. While another section of its top leaders agreed to the fact that the policy putting a ban on currency notes will wreck the Indian economy, unprecedentedly. However, with reports of continuing public distress, there had been a change of opinion among the leaders who primarily came in support of the Modi governments move.

Citing the rise in the flow of black money in the country, Prime Minister Narendra Modi, on November 8, had initiated the demonetisation policy, following which old currency notes of the denomination Rs 500 and Rs 1,000 had been scrapped and replaced with new notes. And even weeks post implementation of the policy, chaotic situation continued among people, with many still standing on ‘never-ending’ queues, outside banks and ATMs, to get a grab of the new usable cash.

Blaming the central government for the continuing pain among the common people of the country, opposition party and their leaders had locked horns with the Modi government, since November 8. The heated political uproar had also been disrupting the parliamentary proceedings of the winter session, with both the houses witnessing frequent adjournments.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top