Modi behaves like a pickpocket - Sitaram Yechury

New Delhi, 08 Jan. CPI (M) general Secretary Sitaram Yechury has alleged that PM Modi is behaving as a pickpocket. Sitaram Yechury wrote a post on his Facebook page.

Full text of Yechury’s Facebook post is as follows -

PM Narendra Modi has helped the hoarders of black money to exchange it as white money.

Why is the data not being furnished about the money that has returned or the new currency put in the market?

Why are restrictions on withdrawal of money from banks for common people not being withdrawn after December 30?

How can they claim victory against black money? During the 2014 Lok Sabha election campaign, Modi said 90 percent of the black money is parked abroad.

And now with the Swiss government giving a list of Indians who have parked their money, Modi has done nothing on it, but the end result of demonetisation after two months, with time till March 31 to change the demonetised currencies, I fear that banks will have more currencies than they have printed.

This will ultimately see that black money will become white and counterfeit will turn legal currencies.

The money that's now lying in the banks is the money of the people and not the governments. Millions of lives have been ruined through this demonetisation and even the MNREGA programme has been affected due to the shortage of funds.

Modi behaves like a pickpocket, who has picked the pockets of the people first, and now says he will come out with welfare schemes.

They say that the growth rate will be close to 7.1 percent, but here they have played a fraud as they have calculated this is by taking only the first six months of the present fiscal and they have left out the months of October, November, and December and hence they say that growth has not been affected.