Make public names of those holding bank accounts abroad: CPI

Stating that people were facing hardships following Centre's demonetization move, CPI today asked the NDA government to review the process in this regard and demanded that it make public names of those holding bank accounts abroad if it was "sincere" about fighting black money.
The CPI sought release of a list of those people who deposited "crores and crores" of rupees in banks last month, contending that those people including politicians were aware of the demonetization move.
The party questioned the government's decision to demonetize Rs 1,000 and Rs 500 notes, especially in light of its move to bring in the Rs 2,000 currency note and pitched for its withdrawal from circulation.

"The CPI feels that the measures taken by Modi government have created more hardships for common people, particularly vendors, daily wage earners and salaried class. The government should immediately review the process of demonetization of currency," the CPI said in a statement.
"The NDA government should make public names of those holding bank accounts abroad if it is sincere about fighting black money," it said.
The party observed that introduction of Rs 2,000 currency note was "causing much more difficulties" as there were not enough currency notes of lesser value.

It demanded that the exchange should be in currency notes of Rs 100, Rs 500 and Rs 1,000 only.

"Otherwise also, the release of Rs 2,000 currency note will create opportunities to double the quantum of black money. Withdraw Rs 2,000 currency note from circulation," it said.
Claiming that no action was initiated against non-performing assets by banks, the CPI insisted a crackdown on the defaulters concerned by way of confiscating their properties.
Meanwhile, the Left party has asked its units to organise demonstrations over the issue and asked other like-minded parties to join in the protests.