CPI protests against demonetisation move in Ludhiana

Communist Party of India (CPI) executive members staged a protest at Kailash Chowk and raised slogans against the union government for scrapping the Rs 500 and Rs 1,000 currency.

Communist Party of India (CPI) executive members staged a protest at Kailash Chowk and raised slogans against the union government for scrapping the Rs 500 and Rs 1,000 currency. They rued that business tycoons of the country had already made suitable arrangements to convert their black money into white and nobody waiting in queues for hours outside banks possess black money.

CPI workers protesting against the government at Kailash Chowk in Ludhiana on Sunday.(JS GREWAL/HT)

Arun Mitra, senior executive of the party said, “The union government’s decision to demonetise Rs 500 and Rs 1,000 banknotes is against poor, middle class, small traders, and shopkeepers.

The protesters then carried out a march outside the Punjab and Sind Bank, Punjab National Bank and Central Bank.

“It has blocked the use of hard-earned money of common people in the name of curbing of black money and put them into unprecedented hardships. The poor people who have a little savings at their homes for emergency use that are seen waiting in queues and are being forced to deposit money in banks,”said Kartar Singh Bowani, secretary of the union.