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Pro-TMC intellectual call for 'demoditisation'

Press Trust of India  |  Kolkata 

Pro-TMC intellectuals today slammed the for its "hastily conceived" decision of scrapping high-denomination notes to help big corporate houses and called for "demoditisation".

"This is an ill conceived and hasty decision taken to help the corporate houses of the country through cashless economy. We are against it. Will the poor use debit cards and other online payment systems?

"This is nothing sort of financial emergency where the people of this country have to raise their voice. There is a need for demoditisation," noted singer and former TMC MP Kabir Suman said.

"In the name of wiping out black money, they are wiping out poor farmers, labourers and small businessman. It is nothing but a gimmick to fool the masses. It gives us immense pain to see people in distress," said an appeal signed by several intellectuals like film director Gautam Ghosh, theatre activists Shaoli Mitra and painter Suvaprasanna.

The intellectuals, however, refused to take any questions on why they were silent when the multi crore rupees Saradha ponzi scheme scam came out in the open in 2013.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 25 2016. 20:43 IST