Communist Party
of India (Marxist – Leninist)
Central Committee
Statement:
A futile Exercise
at the Expense of People
The Prime Minister
Narendra Modi with a stroke of pen withdrew 85 per cent in value of
the currency from circulation which is around Rs.15 lakh crores. This
announcement of demonetisation of Rs.500 and Rs.1000 currency notes
is not going to yield the declared result of curbing black money,
fake notes, corruption and finances to terrorists. These declared
objectives are only a disguise to conceal from the people the real
intentions – covering up its failure in economic front, bail out of
banking system that is facing liquidity crisis, and obtaining
political mileage. It is yet another measures to lay the burden of
crisis on the backs of people and saving the real culprits – big
bourgeoisie, big business, money-launderers etc.
For these
ostentatious purposes the BJP government put more than a billion
people to great hardship. The people’s lives came to a grinding
halt with total disruption of payments and settlements. The long
waiting lines at the banks testify that daily wage earners,
fishermen, toiling women, small businessmen, small traders and
hawkers held their hard earned money in demonetised notes.
Unimaginable hardships are being faced by nearly 80% of Indians who
don’t have access to banks, or don’t depend on banks for their
daily lives. The ordinary man is denied daily wage, denied access to
his savings and denied basic needs of food which he buys every day.
The peasants having a bank account go to bank to exchange the notes
in their hand, their money will be sucked into the loan they owe to
the bank. In a week, as the press reports reveal, 45 deaths occurred
due to non-availability of medical services for lack of currency.
The action by the
government sans genuineness as the government and RBI surely knows
that demonetisation will not make any dent on black money because its
sources of generation left untouched; they are under- or
over-invoicing, non-authentication of capital deployment and tax
evasion.
The BJP government
wants the people to believe that black money is stashed in bath rooms
and in pillows, which it knows is not the reality. Only 5 per cent of
the black money is held in currency notes while most of it held in
benami assets.
During the
elections, Modi made a promise to bring black money stashed in
foreign banks and deposit it to the tune of Rs.15 lakh for every
family. Nothing happened in this regard, except giving amnesty to tax
evaders, who were assured through this scheme to have good sleep even
after continue to evade taxes until another amnesty scheme is
announced.
The CPI(ML) demands
that the government make public and take action on those who held
undeclared bank accounts in tax heavens and those refusing to repay
giant loans taken from the nationalised banks, if it really committed
to curb the black money.
The people are
seeing through this game. They are determined not to be duped by
these fake exercises and they will fight against the exploitation and
attacks on their lives.
Viswam.
General secretary
09-11-2016
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