After coming out in support of demonetisation initially, Andhra Pradesh Chief Minister Chandrababu Naidu on Tuesday did a volte face saying that this is not what they wished for and said the solution to problems arising out of the note ban still remained elusive even 40 days after the step. The U-turn is significant as Naidu was one of the first non-BJP leaders to support the Narendra Modi government’s move.

“Demonetisation was not our wish but it happened. More than 40 days after demonetisation, there are still a lot of problems but yet there appears to be no solution,” Naidu said addressing a workshop of Telugu Desam MPs, MLCs, MLAs and other leaders in Vijayawada on Tuesday.

Andhra Pradesh Chief Minister Chandrababu Naidu. AFP

Andhra Pradesh Chief Minister Chandrababu Naidu. AFP

“It still remains a sensitive and complicated problem,” Naidu observed.

“The people who are supposed to manage the crisis are incapable of doing anything. The RBI has not been able to do anything about it. It still remains a sensitive and complicated problem,” he has been quoted as saying in media reports.

“I am spending two hours daily to review the situation and ease the problems caused by demonetisation. I am breaking my head daily, but we are unable to find a solution to this problem,” said Naidu, who heads the 13-member central committee to look into demonetisation issues.

Naidu had been a strong proponent of ban on high denomination currency notes of Rs 500 and Rs 1,000. In fact, he had written a letter to Prime Minister Narendra Modi on 12 October reiterating his demand.

On 9 November, hours after the Prime Minister came out with the demonetisation announcement, the Telugu Desam Party started claiming credit saying it was a “victory for Chandrababu” over his fight on corruption.

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

“Prime Minister Modi may have taken the decision now but Chandrababu had these thoughts even when he was in the opposition (2004-14). He had been fighting for scrapping of Rs 500 and Rs 1000 notes since then,” the TDP said in a Facebook post.

The party media cell dug out newspaper clippings dated back to 2013 June when Chandrababu raised the demand for the first time.

But as people started facing trouble in exchanging the scrapped notes as well as in withdrawing cash from their savings accounts, Chandrababu seemed to change his tone and started making critical remarks about the Centre’s move, particularly the introduction of Rs 2,000 notes.

“I am spending two hours daily to ease the problems caused by demonetisation. I am breaking my head daily but we are unable to find a solution to this problem,” the CM said on Tuesday.

“We could resolve the ‘August crisis’ (an internal party coup dating back to 1984) in 30 days but this (demonetisation) still persists,” he said.

He said banks were “not prepared” for a transition to digital economy. “They are unable to even register banking correspondents,” he added. Unless there were remedial measures, people’s woes would continue in the long-term, Chandrababu warned.

With PTI

First Published On : Dec 21, 2016 08:00 IST

Visit link:  

Demonetisation: Chandrababu Naidu, first non-BJP leader to support, says it was ‘not our wish’