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Monday, July 16, 2018

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

Andhra Pradesh Chief Minister Chandrababu Naidu, who was among the first to welcome the Centre’s demonetisation decision, did a turnaround, 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 party TDP is an ally of the NDA. Speaking at a workshop for party MPs, MLAs and MLCs at Vijayawada, Naidu said he was “breaking his head” over the crisis, adding that the RBI has not been able to do anything about it and it still remains a sensitive and complicated problem. Naidu had earlier praised Prime Minister Narendra Modi for demonetising Rs 500 and Rs 1,000 notes, even taking credit for the decision.