Chandrababu takes U turn on demonetization

Hyderabad: Taking a reverse stand on demonetization of big notes of late, Andhra Pradesh Chief Minister N Chandrababu Naidu today expressed serious concern and displeasure at the unending problems faced by the common people due to scrapping of high value notes.
The TDP supremo, whose party is an ally of the BJP-led NDA Government at the Centre, had recommended to the Centre to scrap the high value notes for curbing black money and tax evasion. But now, Chandrababu made a direct attack on the Centre for the unrest among people at the banks and ATMs to draw their money. “It is very bad situation that since 12 days the problem of demonetization was not resolved yet by the Centre. I did not see such an unabated situation for 12 days in my political life”, Chandrababu deplored. He advocated an emergency review meeting with RBI, Collectors, SLBC, officials and police to discuss the post-demonetization implications. He also suggested opening of call centers at the banks and said that the State got Rs 1200 cr from the Centre, including Rs 400 crore notes of Rs 1000 denomination.
Stating that Government transactions will not use the money, he asked the Centre to encourage people to use Jan Dhan accounts and Rupay Cards. He also warned that notices will be served against the banks for failing to comply with his instructions. The police should take care of law and order situation and ensure that peace is prevailed in the State. Stating that coordination and efficient steps are need of the hour, Chandrababu has sought the crisis should not target the common man, business, rich and others. (NSS)