Communist Party of India-Marxist leader Sitaram Yechury on Wednesday said demonetisation had led to loss of lives and livelihoods and the country will never forgive the Narendra Modi government for the “anti-national” act.
“99.9 per cent of the notes back in the banking system. 100s died in queues. The poor suffered the most. All this for what?
“Lives and livelihoods lost, the economy got a shock, workers lost their jobs. India can never forgive Modi govt for this anti-national act,” said Yechury in a series of tweets.
“Boasts of blackmoney, terror and counterfeit currency ending, have all fallen flat. Despite RBI’s delays truth is out,” he added.
Revealing the low efficacy of last November’s demonetisation of high-value currency, the RBI said on Wednesday that of the Rs 15.44 lakh crore of notes taken out of circulation, Rs 15.28 lakh crore, or almost 99 per cent, had returned to the system by way of deposits by the public.