CPI-M calls RBI curbs ‘anti-people’

New Delhi, Dec 20 (IANS) The CPI-M on Tuesday dubbed as “whimsical and anti-people” curbs by the RBI on depositing amounts exceeding Rs 5,000 in old notes.

“In fact, the latest order is because almost all the notes taken out of circulation have come back into the banking system exposing the fraudulent claims that black money will be eliminated,” the Communist Party of India-Marxist said.

The CPI-M demanded the immediate retraction of these and other restrictions on using and depositing the old tender until alternative arrangements were made.

“Instead of taking effective steps to ease the hardships imposed by demonetisation on common people especially farmers, the central government

made their life further miserable by the latest restrictions.

“The government, which had advised the people not to rush to deposit old

notes as there was enough time earlier, now, wants to grill the people on why they have not deposited earlier.

“The central government, to cover up its bungling in implementation of demonetisation and the fiasco of eliminating black money and corruption, is now insinuating that ordinary people are largescale money launderers,” the CPI-M said.

The government on November 8 demonetised Rs 500 and Rs 1,000 notes, saying they were meant to fight black money, corruption and terror funding.