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Note ban is BJP's move to convert their black money into white, says Mamata

Mamata Banerjee branded demonetisation as a 'devil act' and said Indian economy has been 'ruined'

IANS  |  Kolkata 

Mamata Banerjee on demonetisation
Mamata Banerjee

Chief Minister on Tuesday slammed as a "devil act" alleging the currency exercise was "only to convert into white for vested interests of the political party in power".

Banerjee changed the display picture of her Twitter account to black on Monday in a staunch protest against

The Trinamool Congress chief has instructed her party leaders to observe "Black Day" against on Thursday to mark its first anniversary.

"The ill-famed #Noteban November 8 is approaching. is a big scam. I repeat, is a big scam. If thorough investigation is conducted, this will be proved," Banerjee posted on Facebook.

Attacking the ruling (BJP), she said: "was not to combat It was only to convert into white money for vested interests of the political party in power. became 'white fund' for them and the country was plunged into darkness. No could yet be brought out from the foreign accounts. In all practical sense, it yielded big, big zero."

In harsh criticism against the move, she branded it as a "devil act" and said the Indian economy has been "ruined".

According to Banerjee, the exercise was an impetuous decision and had compelled over 75,000 industrialists to leave India.

"Neither could combat terrorism, nor nor aid to development of the country. By the devil act of demonetisation, the country has already lost its GDP worth nearly Rs 3 lakh Crore. Crores of workers, particularly in the informal sector, lost their jobs. Farmers were left to starve.

Over 100 people lost their lives. People had no access to their own money in banks, even in emergency.

"The memories of untold sufferings and pain thrust upon the common people still haunt our minds.

"From Day 1, I had protested against this draconian decision of by the central government and requested for its immediate withdrawal. The Indian economy has been ruined; so has plummeted the growth rate of the country. The GDP fell to 6.1 per cent growth in between January and March, 2017 compared to 9.1 per cent in the previous year. It further plummeted to 5.7 per cent between April and June, 2017, compared to 7.9 per cent in the previous year.

"More than 75,000 industrialists were compelled to leave India and settle abroad and become NRI because of harassment in the prevailing situation. Business potential worth lakhs and lakhs of crore in India was thus lost," she added.

Banerjee condemned the decision, saying: "was a Black Decision worth every sort of condemnation. 8th November #Nov8BlackDay this year will be observed as 'Kaala Dibas' (Black Day) to protest against and the unparalleled damage it caused to the country and its economy. We are for all the people who suffered and still continue to suffer. Their fight is our fight and we are committed to stand by them."

First Published: Tue, November 07 2017. 16:33 IST