A year since the Note Ban

Submitted by cgpiadmin on Wed, 15/11/2017 - 16:22

Dear Editor,

I am writing to thank you for carrying the informative article entitled 'A year since the Note Ban, who has gained?' in the November 1-15, 2017 issue of MEL. Such an article goes a long way towards educating the working class on the true intent and objective of the devastating note ban that was done in November 2016 by the Narendra Modi Government. As the article has pointed out, the effects are still being felt today, thereby debunking the claim that the pain was to be temporary' and that there would be 'long-term gain'. The bogus nature of this stands in front of everyone today. In particular, this has led to the destruction of lakhs of jobs. As if to rub salt into the wounds, senior ministers have come out saying that only those people who had no skills lost jobs, exposing the ugly callousness of those in power. Also, farming communities have been decimated since they were heavily dependent on cash transactions for procurement of seed and fertilizer. Bank employees were made to work inordinately long hours with no overtime being paid.

At the back of all these were the diabolical plot to bring into lot of the money circulating in the country into banks and to wreck the cash economy, so that the big bourgeoisie and international capitalists could closely monitor the habits of the people of the country and hone their strategies accordingly. Also the arrival of large deposits into banks could make credit cheaper for borrowing. Several think tanks including big players from the west, as well as non-state actors such as the Bill and Melina Gates Foundation were eager supporters of cashless economies. Such interference in the internal affairs and economies of other countries are intolerable, and those allowing such interference could very well be considered traitors. All this is tantamount to daylight robbery of the savings of the people.

The claims of the PM that this was aimed at controlling corruption and curbing terrorism are all laughable, if had not been so tragic. There is no evidence to support any of these claims. Indeed, it may again be clearly reiterated that 'The real aim was to force people to put their savings into banks and switch to digital transactions, for the benefit of the richest and biggest capitalists of the country.' I am thankful for your educational contribution on this subject.

Sincerely,
S. Nair, Kochi

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noteban    finance capital    Financial sector    Nov 16-30 2017    Letters to Editor    Economy     Popular Movements     Privatisation    Rights     2017   

PARTY DOCUMENTS

Click to Download PDFThe first part of this pamphlet is an analysis of facts and phenomena to identify and expose the real aims behind the Note Ban. The second part is devoted to a critical appraisal of the government’s claims that it will reduce inequality, corruption and terrorism. The third part is what Communist Ghadar Party believes is the real solution to these problems and the immediate program of action towards that solution.

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These Elections are a FarceInterview with Comrade Lal Singh, General Secretary of Communist Ghadar Party of India by Comrade Chandra Bhan, Editor of Mazdoor Ekta Lehar

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Click to Download PDFInterview with Comrade Lal Singh, General Secretary of Communist Ghadar Party of India

by Comrade Chandra Bhan, Editor of Mazdoor Ekta Lehar

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History of Ghadar PartyA Presentation of Communist Ghadar Party of India

100 years ago Ghadar Party was formed by Indians in the US.It was historic milestone in our anti-colonial struggle.

The goal of this party was to organise a revolution to liberate our motherland from British servitude and establish a free and independent India with equal rights for all. It believed this to be the necessary condition for our people to hold their heads high anywhere in the world.

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Call of the Central Committee of Communist Ghadar Party of India, 30th August, 2012

Working class representatives from all over the country are gathering on 4th September, at a time when a titanic struggle is going on in our country. The struggle is between the majority of toiling and exploited people and a minority of exploiters. It is between the majority whose labour expands wealth and the minority who enjoy the fruits of wealth creation on the basis of their private property and positions of power.

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Call to the Working ClassDefeat the program of privatisation and liberalisation!

Fight with the aim of establishing workers’ and peasants’ rule!

Call of the Central Committee, Communist Ghadar Party, 23 February, 2012

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