Demonetisation

Report on Political Developments -- Jan. 2017

Report on Political Developments

Since the Last Central Committee Meeting
(Adopted at the Central Committee Meeting held on
January 06-08, 2017 at Thiruvananthapuram)

How to Shrink the Economy in 50 days?

The government cannot hide the truth anymore - Indian economy is shrinking. Though, the government is still projecting a rosy picture of 7.1% growth rate for the year 2016-17, only slightly lower than 7.6% of the previous year. While reports from the various sectors point towards a definite shrinking of GDP in the second half of this financial year.

Prime Minister Must Respond

The Prime Minister has announced that he will make fresh announcements after the deadline of December 30 on the demonetization of Rs. 1000 and Rs. 500 notes. The Polit Bureau of the CPI(M) demands that the following steps be taken, while making the new announcements:

Kerala: Massive Human Chain

Lakhs of people turned out through the state of Kerala in response to the call given by the Left & Democratic Front to protest against demonetization and attempts to dismantle the cooperative banking sector.

The Story of RBI’s Missing Billions

RBI's figures on the number and value of new notes it has put in circulation do not add up. The discrepancy is of more than half a trillion rupees. Is RBI trying to deceive people by claiming to print more notes than it actually did? Or is the RBI, under the new governor, too inept to get its figures right?

Currency Crisis: Continue Protest Movement

The Polit Bureau of the CPI(M) greets the lakhs of people who came out into the streets on November 28 to protest against the attack on their livelihoods and the burdens imposed upon the people through the withdrawal of Rs. 500 and Rs. 1000 notes.

P.B. Communique

P.B. demands that till all alternative arrangements like the availability of required currency notes and the recalibration of the ATM machines are completed, people should be allowed to transact in rupees 500 and 1000 notes till the time limit set by the government of December 31, 2016