Solution To Demonetisation Woes Stil Out Of Reach: Chandrababu Naidu

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Solution To Demonetisation Woes Stil Out Of Reach: Chandrababu Naidu

Chandrababu Naidu is an NDA ally and the Chief Minister of Andhra Pradesh.


Vijaywada: 

Andhra Pradesh Chief Minister N Chandrababu Naidu today said demonetisation was not what they wished for, adding he was still breaking his head as a solution to the ongoing crisis remained elusive.

"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," Mr Naidu said addressing a workshop of his party MPs, MLCs, MLAs and other leaders in VIjaywada.

"It still remains a sensitive and complicated problem," Mr Naidu, who chairs a 13-member central committee to look into demonetisation issues, observed.

Mr Naidu had been a strong proponent of ban on high denomination currency notes of Rs 500 and Rs 1,000.

"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 Chief Minister said today.

"We could resolve the 'August crisis' (an internal party coup dating back to 1984) in 30 days but this (demonetisation) still persists," he pointed out.

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, Mr Naidu warned.



(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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