Left seeks report on economy after ban

Kolkata, Nov. 8: The CPI(M)-led Left Front in West Bengal on Wednesday sought a status report from the Reserve Bank of India (RBI) on the post-demonetisation economy in India to understand the impact of the BJP government’s anti-black money move.

The Left parties held a rally from Moulali to BBD Bag area in Central Kolkata, near the regional RBI office, to stage their protest on the first anniversary of demonetisation.

Left Front chairman and CPI(M) politburo member Biman Bose said the BJP government had been making tall claims about demonetisation and it was time the RBI furnished a status report on the country’s economy postNovember 8, 2016, the day when Prime Minister Narendra Modi-led government banned notes of `500 and `1,000 denominations.

“We want the RBI to come out with a status report on Indian economy post demonetisation. This report will bring out the truth whether note ban has really helped people or adversely affected their interests,” Mr Bose said.

The CPI(M) leader also asserted that the move to ban high-value notes in November last year had crippled the informal sector of our economy, which contributed to over 40 per cent of our GDP and accounts for nearly three-fourths of our employment.

“The country was pushed towards a financial anarchy after demonetisation,” he added.