Sunday , March 24 2019

After Currency ban, AP CM Naidu said ‘It was not our wish’

Vijayawada: Chief of Andhra Pradesh, N Chandrababu Naidu, said Tuesday that demonetization was not what it wanted, adding that he continued to break his head as a solution to the crisis (The currency) remained elusive.

Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu

“Demonetization was not our wish, but it happened. More than 40 days after demonetization, there are still many problems, but there does not seem to be any solution,” Chandrababu Naidu said, A workshop of telugu, MPs, MLAs and other leaders Here Tuesday.

“There remains a sensitive and complex problem,” observed Chandrababu, who heads the 13-member Central Committee to discuss demonization issues.

It was Chandrababu who had been a strong promoter of the ban on high denomination currency notes of Rs 500 and Rs 1000.

In fact, he had written a letter to Prime Minister Narendra Modi on 12 October, reiterating his request.

On November 9, hours after the Prime Minister announced the demonetization, the Telugu Desam Party began claiming credit by saying it was a “victory for Chandrababu” on its fight against corruption.

“This is a moral victory for the TDP,” he said on Facebook and Twitter messages.

Prime Minister Modi may have made the decision now, but Chandrababu had these thoughts even when he was in opposition (2004-14) .He had been struggling for the demolition of Rs 500 and Rs 1000 notes since then “Said the TDP in a Facebook Message.

The party’s media cell extracted newspaper clippings dating from June 2013 when Chandrababu raised the request for the first time.

Chandrababu, however, seemed to change his tone and began to make critical remarks about the movement of the Center, especially the introduction of the Rs 2000 notes.

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“I spend two hours a day relieving the problems caused by demonetisation. I break my head every day but we are not able to find a solution to this problem, “said the Chief Minister.

“We could resolve the” August crisis “(an internal coup in 1984) in 30 days, but this demonization persists,” he said.

He said the banks were not “prepared” for a transition to the digital economy.

“They are unable to register even bank correspondents,” he added.

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