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.
“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.
