Demonetisation managers incapable, breaking my head over it: Ally Chandrababu Naidu

Naidu had earlier praised Prime Minister Narendra Modi for demonetising Rs 500 and Rs 1,000 notes, even taking credit for the decision.

Written by Sreenivas Janyala | Hyderabad | Updated: December 21, 2016 1:34 pm
demonetisation, demonetisation effectsm note recall, Chandrababu Naidu-Modi, Modi-demonetisation, Chandrababu Naidu-demonetisation, demonetisation problems, India news, Indian Express Andhra Pradesh Chief minister Chandrababu Naidu (Source: File Photo)

ANDHRA PRADESH Chief Minister Chandrababu Naidu, who was among the first to welcome the Centre’s demonetisation decision, did a turnaround on Tuesday, saying it was “not what we wished for” and pointed out that there was no solution in sight even after “more than 40 days”.

Naidu heads the 13-member central committee set up to look into the demonetisation issue, and his Telugu Desam Party (TDP) is an ally of the NDA.

“Demonetisation was not what we wished for. It was not our wish but it happened. More than 40 days after demonetisation, there are still a lot of problems, but there appears to be no solution,” said Naidu, speaking at a workshop for party MPs, MLAs and MLCs at Vijayawada.

WATCH | Andhra Pradesh CM Chandrababu Naidu’s Does A U-Turn Over Demonetisation

“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 said.

Naidu said he was “breaking his head” over the crisis. “The currency crisis still remains a sensitive and complicated problem… 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,” he said.

Earlier in the morning, party MPs and MLAs briefed Naidu on how people were getting frustrated over the currency shortage, and how farmers and small businesses had been hit.

Naidu had earlier praised Prime Minister Narendra Modi for demonetising Rs 500 and Rs 1,000 notes, even taking credit for the decision. A day after Modi made the announcement on November 8, the TDP was quick to claim that it was a “victory” for Naidu.

“This is a moral victory for the TDP,” claimed the party on Facebook and Twitter. Naidu had earlier sought a ban on high-denomination notes, and even written to Modi on October 12 on the issue.

“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 1,000 notes since then,” posted the TDP on Facebook. The party’s media cell posted newspaper clippings dated June 2013, when Naidu had raised the demand for the first time.

But as the cash crunch continued and people started to express their anger, Naidu began to criticise the move. He expressed displeasure over introduction of Rs 2,000 notes. On November 21, he remarked that he had never seen this kind of crisis, where an issue could not be resolved even after 12 days. He said his government restored normalcy within eight days after Cyclone Hudhud devastated the north coastal districts.

Today, he also referred to political problems being resolved within a few days. “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 said.

However, on Monday, Naidu had expressed confidence that the cash shortage would be resolved soon as he expected the state to receive Rs 1,600 crore on Wednesday.

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  1. A
    Ash
    Dec 20, 2016 at 8:25 pm
    In my place I don't see many queues now, even the people in the queues are not complaining.lt;br/gt;Anti nationals and corrupt people are the ones complaining.lt;br/gt;If you really worried about people go and help them.
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      Prateik
      Dec 20, 2016 at 7:44 pm
      Chandrababu Naidu is said to have moved Rs.4000 crores worth of Rs.2000 notes in chartered ship to his own hotels in Singapore with two Navy frigates escorting the ship until 10 nautical miles from Singapore. Defense Minister Parikar is said to have personally ordered the escort since Chandrababu Naidu is an ally of BJ
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      1. P
        Prateik
        Dec 20, 2016 at 7:43 pm
        Google Maps is , anti national, commie, traitor. I stopped using Chinese goods since China refused to endorse Bharat for NSG. I don't even use toilet papers anymore. Let it stink. Like that I am stopping use of Google maps to show my patriotism that lies in Central Asia. I am a proud brahMINION and of course a eyeless BHAKT.
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          No.country
          Dec 20, 2016 at 7:46 pm
          Modi should listen to Chandrababu NaiduJI since Chandrababu NaiduJI is a partner in Modi's p time BUTCHERING. Both together with STATE TERRORIST Rajnath Singh MACRED 20 innocent Tamils.
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          1. H
            Hindustan Hamara
            Dec 21, 2016 at 2:19 am
            I have a query: if there is 100 rupees transaction through paytm with 2.5-3% tax. Then in 33-34 times circulation, 100 rupees note will enter into paytm account permanently. Is it not a scheme to rip off our hard earn money?
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              Hindustan Hamara
              Dec 21, 2016 at 7:46 am
              I just gave an example. Whatever the amount, if taxed after certain circulation the money will permanently enter in their accounts and they will grow bigger and bigger.
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              1. H
                Hindustan Hamara
                Dec 21, 2016 at 7:48 am
                Why they will tax our already taxed ry or money.
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                1. H
                  Hindustan Hamara
                  Dec 21, 2016 at 7:49 am
                  Why they will tax our already taxed ry or money?
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                    Piyush
                    Dec 20, 2016 at 5:40 pm
                    Demonetization is a limited success.... Chaos at bank tells mismanagement story..bundle of new currency notes at black money emperors expose our systemic failure..our failure to punish corrupt
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