Demonetisation is total failure: Mamata

KalimNews, Kalimpong, 8 December 2016: Mamata Banerjee, Bengal chief minister has regarded demonetisation as a total failure. She also has expressed that common people have suffered much due to demonetisation and since its implementation from 8th November people had to face harassment, pain, hopelessness, financial insecurity and utter chaos.

In her face book page Mamata Banerjee she has stated that since a month back no black money has been recovered and only white money of the common people has been snatched away.

The post states "Even no black money has been recovered from foreign countries. In the name of recovery of so called black money, the ruling party at the Centre has created assets in the form of land, bank deposits, gold, diamond and have become more and more capitalists. All the common people are helpless."

"Production has nosedived, agricultural activities have been shattered, buying and selling is down drastically, the economy is in shambles - the entire country is passing through an unprecedented financial emergency."

"Untold sufferings have come down in the lives of farmers, labourers, workers of unorganised sectors, tea garden, beedi and jute workers, employed class, students, sick, old and infirm people."

"Mothers and sisters have been forced to give away their small personal savings to run the family in the face of serious cash crunch. More than 90 people have died in distress and the number is rising."

It further states " No one knows when this unfortunate ordeal will end. No one knows when good senses will prevail to stop this mindless harassment and sufferings of common people. No one knows what good has happened to the country and its people with this BIG, BLACK DECISION."

She also has opined "Immediate action is necessary to restore the trust and confidence of the people on the banking and financial sector of the country. People must have hassle-free access to their own money and feel secure that their money is safe with banks and financial institutions." 

"We have raised the issue repeatedly in Parliament and in different other platforms. Leading economists have criticized this mindless demonetisation. But there is no response yet.

PM must clarify the situation to the Nation and take entire responsibility."