Mamata Banerjee calls demonetisation as 'biggest scam', TMC to observe 'Black Day' on Nov 8

Nov 8 marks the one year anniversary of the decision taken by the Centre last year to ban old Rs 500 and Rs. 1000 currency notes.

"We will observe ‘Kala Dibas’ (Black Day) in all blocks on November 8 to mark the anniversary of demonetisation. Rallies will be organised between 2-3 PM. Prepare slogans to reach out to people," she said while addressing at the TMC's extended core committee meeting here.

Mamata Banerjee called the demonetisation as the biggest scam.

"There must be an investigation into it. I had tweeted within 45 minutes of the announcement. Today Manmohan Singh, P Chidambaram, Arun Shourie are saying the same thing. Even eminent economists have spoken out against demonetisation," she said.

She said: "What purpose did demonetisation serve? Did it weed out black money? No. Did it put an end to terrorism? No. Only one party converted its black money into white. They have also stashed away their black money abroad."

Meanwhile, Union Finance Minister Arun Jaitley on Wednesday announced that the BJP will observe Nov 8 as Anti Black Money Day.

"The BJP will observe Nov 8 as Anti Black Money Day," Jaitley said while addressing a press conference here.

Interestingly, the Opposition had decided to mark Nov 8 as Black day.

Nov 8 will mark one year completion of the decision taken by the Centre to ban old Rs. 500 and Rs. 1000 currency notes.

Jaitley said : "We aim to make India an anti-corruption nation."

Jaitley said demonetisation was a huge step to make India a less cash economy.

He said top leaders of the party will travel across India to promote 'Anti-Black Money Day'.