Thursday , December 8 2016

Day after pulling up bankers, AP CM says currency crisis a national calamity

Labeling the ongoing currency crisis as a “national calamity”, Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday called for collective and coordinated efforts to tide over it.

day-after-pulling-up-bankers-ap-cm-says-currency-crisis-a-national-calamity
Andhra Pradesh Chief Minister N Chandrababu Naidu .

Naidu had warned the bankers that any ‘lackadaisical attitude’ would not be tolerated.

Amaravati: Labeling the ongoing currency crisis as a “national calamity”, Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday called for collective and coordinated efforts to tide over it.

A day after he pulled up the bankers for failing to an effectively address the situation, the Chief Minister actually mellowed down and said he was interfering with the banking system only to remove the hardships being faced by people post-demonetisation.

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“Don’t feel I am exerting pressure on you. Releasing peoples troubles is my only concern and hence I am interfering in your affairs. The present currency crisis is the national calamity and we all must work collectively to tide over it,” Chandrababu told all the bankers during a teleconference here today.

“We are forced to remain helpless because of your non-cooperation despite reviewing the present situation daily in the morning and evening,” the CM had regretted yesterday and warned the bankers that any “lackadaisical attitude” would not be tolerated.

But the bankers had been feeling aggrieved the “unwanted interference” of the Chief Minister in their functioning post-demonetisation.

Bankers were annoyed with the Chief Minister for “overstepping his jurisdiction” and issuing the orders in contravention of the guidelines being issued by RBI and their own banks.

With reports coming out about an apparent face-off between the Chief Minister & the bankers, Chandrababu spoke to them today in a conciliatory tone.

“The cash available in the state is less, as also the number of the Point of Sale machines. Our state is ahead in technology and there must be a maximum number of cashless transactions from December 1,” the Chief Minister said.

Special Chief Secretary (Finance) Ajeya Kallam, Director General of Police (in charge) Nanduri Sambasiva Rao, Finance Secretary K Sunita and also the other top officials of the state had took part in the teleconference.

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