'Tughlaq' goes missing as people suffer without cash: Yechury on Modi

Referring to reports about two types of Rs 500 notes being circulated, Yechury said this was Modi's way of curbing fake currency circulation

CPI(M) general secretary Sitaram Yechury on Friday targeted Prime Minister Narendra Modi over demonetisation, dubbing him as "Tughlaq" who had "gone missing" after issuing an order.

"Barely 20-25 per cent of cash demand is being met in Metros. Rural areas are even worse. While Tughlaq goes missing after his firman (order)," Yechury tweeted.

Latching on to media reports, Yechury sought to pick holes in the November 8 decision as he noted that 29 crore out of the 30 crore Rupay card holders have never used their cards in a swipe machine.

Referring to reports of two variants of Rs 500 currency notes, the Marxist leader also took a dig at Modi, saying it was the "Prime Minister's way" of stopping circulation of fake currency.

 

Taking the nation by surprise, the Prime Minister had on November 8 announced demonetisation of Rs 1,000 and Rs 500 currency notes with effect from midnight.