The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:


Charge Against Government’s Disastrous Demonetisation is Vindicated


RBI has withdrawn Rs.2000 note from circulation. The Poli Bureau of the CPI(M) firmly believes that this move virtually reverses 2016 demonetisation, grandly announced by Modi as the answer to India’s problems of black money, corruption, terrorist funding & promoting digital economy. A dismal failure on all counts. Based on earlier experience, rather than cleaning up the stock of black money held in 2000 rupees currency notes, this move has a further potential of legitimizing it.


Modi made DeMon disaster criminally crippled crores of livelihoods, claimed hundreds of lives, destroying the informal economy & MSMEs that contribute most to employment generation & GDP growth.


Cash in circulation is now up 83% since the Modi made demonetisation disaster. Corruption is legalised & grown manifold.  Condemnable terrorist attacks continue to claim innocent lives.


Modi destruction of our economy & loot of national assets must be resisted & defeated. Crony Corporate Communal nexus must be rejected. The Polit Bureau appeals to the people to unite for salvaging our economy from such authoritarian unilateral anti people steps.



For CPI(M) Central Committee Office