Dubbing demonetisation as a "'furzical' (fake) strike", Rashtriya Janata Dal (RJD) leader Lalu Prasad Yadav on Sunday said after a meeting of various political parties, they will chalk out a future course of action against Prime Minister Narendra Modi's "big failure".
"The Prime Minister Narendra Modi had said before the parliamentary election that black money will come back and Rs.15 lakh will be deposited in every bank account, but nothing has happened. We can see that he has failed in every step," Yadav told ANI.
"Demonitisation is a big failure of the Modi Government, and so, it is not a surgical strike on black money, but rather a 'furzical' strike," he added.
Speaking about the strategy to counter demonitisation, Yadav told ANI, "After a meeting of various political parties, we will chalk out a future course of action against the Modi government".
The government's decision to demonitise notes has drawn flak from all political parties.
On Saturday, Congress vice president Rahul Gandhi said at a rally in Belgaum, Karnataka, "As there is a man-made disaster, similarly demonetisation is a Modi- made disaster".
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He further said that Prime Minister Modi had attacked the economy by announcing demonetisation.
"More than 100 people have died because of demonetisation drive and PM Modi is responsible for it," Rahul said, adding that the Modi government has been attacking the poor for the last two-and-a-half years.
"Nothing will happen in 50 days. The Prime Minister will give your money to rich. Modi wants to waive off bank loans," he added.
National Congress Party (NCP) leader Sharad Pawar said "We went and met Finance Minister Arun Jaitley and other officials to request them to allow deposit of old notes in district banks but got no answer."
"Later, we moved the Supreme Court, and, I am happy that the apex court has ordered district banks to accept old notes. Also new currency must be made available to district banks so that they can lend loans to farmers," he added.
"Now that the Kharif season is completed and soon the Rabi season would commence, banks would need enough currency to dispense loans. If the banks don't have enough money to dispense, what the farmers will do, where will they go?" he added.
Pawar further said that demonitisation is an attempt to disrupt the entire channel of banking and the farmers would be the worst affected.