Modi Government’s Demonitisation is a Corporate- led Assault on People; Withdraw it!
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16 November 2016

we demand: Withdraw Present Demonitisation Immediately;

Take Steps to Confiscate all Black Money Stashed Away in Safe Havens by Corporate Houses.

The sudden, overnight announcement of demonetizing 500 and 1000 rupee notes from 8th November midnight is a severe blow against common people. The leading black money holders are operating through well-known official money circulation channels. These elite corporate sections transact their businesses through online credit methods. So the worst sufferers are the vast masses of toiling people including retail traders and middle classes. Modi Government’s demonitisation has attacked them like a ‘financial emergency’, a Tsunami. Everywhere tens of millions are standing in long que for the last many days. Quite often they are frustrated in getting their old notes changed, or in withdrawing money from ATMs. It has becoming difficult for them to get even food and other essential services.


The demonitisation, an image building exercise for forthcoming elections in UP, Punjab, etc, has become a “surgical attack” against the people, not against the big sharks who have siphoned off billions of crore worth of money. The withdrawal of 500, 1000 currency notes without any preparation and without making lower denomination notes avilable, while allowing the black money channels to flourish uninterruptedly under neoliberal raj, is not going to resolve the black money issue or ever intensifying corruption. The huge amounts stashed away in foreign tax havens by corporate houses, mafias, real etate business, and those named in Panama Papers etc are not going to be even touched.

So we demand: Withdraw Present Demonitisation Immediately;

Take Steps to Confiscate all Black Money Stashed Away in Safe Havens by Corporate Houses.

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The Communist movement in India has a history of almost a century after the salvos of October Revolution in Russia brought Marxism-Leninism to the people of India who were engaged in the national liberation struggle against the British colonialists. It is a complex and chequered history.